FTSE 100 up 0.5, FTSE 250 adds 0.7

June 2 Reuters UK39;s FTSE 100 rose on Friday as investors adopted a riskon mood following the U.S. Senate39;s decision to pass a deal to avert a debt default, while shares of Dechra Pharmaceuticals hit a twoweek high after the vet drugmaker agreed to be taken private.

The domesticallyfocused FTSE 250 rose 0.7, boosted by an 8.2 surge in Dechra after it agreed to be bought by investment firm EQT for an equity value of 4.46 billion pounds 5.62 billion.

The internationallyfocused FTSE 100 climbed 0.5, tracking global investor mood higher, after the U.S. passed legislation lifting the government39;s 31.4 trillion debt ceiling, while hopes that the Federal Reserve might stand pat on rates also aided sentiment.

Exportfocussed energy firms and industrial metals miners added 1.3 and 2.2, respectively, chiming with a recovery in commodity prices.

Still, the bluechip FTSE 100 is poised for its second straight weekly drop, if losses hold. The midcap FTSE 250 is set for a marginal gain.

1 0.7923 pounds

Reporting by Johann M Cherian in Bengaluru; Editing by Sherry JacobPhillips

Source Reuters