Miners gain after China data
Games Workshop Group jumps, lifting midcaps
Real estate stocks slip as yields fall
FTSE 100 rises 0.7, FTSE 250 adds 0.2
Sept 15 Reuters UK39;s FTSE 100 hit a more than threemonth high on Friday as miners gained following betterthanexpected economic data from China, while the prospects of global central banks nearing the end of their monetary tightening cycle further boosted risk sentiment.
The bluechip FTSE 100 index climbed 0.7 as of 0827 GMT and was set for its highest weekly gain since Jan. 6, if gains hold.
Tracking the metal prices higher, miners advanced 0.8.
Data showed China39;s factory output and retail sales grew at a faster pace in August, that reflected signs of stabilising parts of the wobbly economy.
There39;s a growing sense of optimism among a cohort of investors who believe that Beijing39;s recent initiatives to stimulate the economy and stabilize financial markets are showing signs of success, Stephen Innes, managing partner at SPI Asset Management said in a note.
Investors now await interest rate decisions by the U.S. Federal Reserve and the Bank of England next week after the European Central Bank hiked the key lending rate to a record 4 on Thursday, but signalled that the latest increase would likely be its last.
Traders bet a 97 chance of the Fed holding rates steady in its Sept. 20 policy meeting, according to the CME FedWatch Tool.
The BoE is expected to hike rates by 25 basis points on Sept. 21 to its…