Glencore share price today: GLEN steadies as Jefferies backs miners amid Iran war jitters

Shares of Glencore nudged higher early Wednesday in London. After the recent market slump, miners sought footing, with a Jefferies note claiming the sector stands to gain from this latest bout of geopolitical turmoil.

Glencore share price in focus: $9bn Congo stake talks land as Rio Tinto deadline nears (GLEN.L)

Glencore share price in focus: $9bn Congo stake talks land as Rio Tinto deadline nears (GLEN.L)

Glencore shares are under the spotlight ahead of Wednesday’s London session after the miner revealed it has signed a non-binding memorandum of understanding. The deal could hand a U.S.-backed group a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo. The stock last closed at 517.30 pence, up 16.30 pence, according to Glencore’s share-price feed.

US Stock Market Today Updates

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Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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