FTSE 100 up 0.3, FTSE 250 adds 0.3

June 28 Reuters British equities rose at the open on Wednesday tracking overnight gains on Wall Street, with software company Sage leading advances on the FTSE 100 index.

By 0712 GMT, the bluechip FTSE 100 gained 0.3, while the more domestically focussed FTSE 250 midcap index added 0.3.

Sage Group gained 3.3 to top the FTSE 100 after JP Morgan upgraded the company39;s rating to overweight from neutral.

Global trading sentiment was also buoyed by upbeat U.S. economic data that helped ease worries of an imminent recession in the world39;s largest economy, pushing the SP 500 index more than 1 higher on Tuesday.

UK banks and healthcare stocks were amongst early gainers.

Bank of England Governor Andrew Bailey will be taking part in the European Central Bank39;s panel discussion in Sintra, Portugal with ECB President Christine Lagarde, the Federal Reserve39;s Jerome Powell and Bank of Japan Governor Kazuo Ueda.

Reporting by Shashwat Chauhan in Bengaluru; Editing by Nivedita Bhattacharjee

Source Reuters