FTSE 100 up 0.2, FTSE 250 adds 0.2

June 12 Reuters UK39;s main stock indexes edged up on Monday as a rebound in Croda International led the chemicals sector higher, while traders awaited a slew of domestic economic data and interest rate decisions from major central banks this week.

The resourceheavy FTSE 100 was up 0.2 as of 0720 GMT, while the domesticallyfocused FTSE 250 midcap index also rose 0.2.

Investors will scrutinize crucial inflation data out of the U.S. on Tuesday for clues on the Federal Reserve39;s monetary policy decision just a day later.

The European Central Bank is also set to announce its policy decision this week, while the Bank of England BoE is due in the upcoming one.

The benchmark FTSE 100 index posted a third straight weekly drop Friday, as jitters around global interest rates remaining higher for longer dented risk appetite following surprise rate hikes by two major central banks earlier last week.

Energy dropped 1.1 to the bottom of the sector indexes tracking lower crude oil prices, while miners shed 0.8 on weak metals prices.

Croda International gained 2.1 after tumbling on Friday following weak earnings forecast from the chemicals company.

Reporting by Ankika Biswas in Bengaluru; Editing by Rashmi Aich

Source Reuters