Superdry drops on profit warning
FTSE 100 up 0.1, FTSE 250 adds 0.5

Dec 19 Reuters The UK39;s FTSE 100 rose on Tuesday on persisting hopes of interest rate cuts from the U.S. Federal Reserve and a dovish Bank of Japan BOJ, though slipping energy stocks kept a lid on gains.

The bluechip FTSE 100 gained 0.1 as of 0933 GMT, while the more domestically focussed FTSE 250 midcap index added 0.5.

Ratesensitive real estate, real estate investment trusts and homebuilders were among the top gainers, rising between 0.6 and 0.8.

Christopher Peters, trading floor manager at Accendo Markets said the consistent hopes of interest rate cuts in the United States drove gains across Britain39;s equity markets on Tuesday.

San Francisco Fed President Mary Daly said cuts to the U.S. central bank39;s benchmark rate are likely to be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported.

The BOJ holding interest rates where they were this morning is potentially another positive driver for that rhetoric, added Accendo Markets39; Peters.

The BOJ maintained ultraloose policy settings in a widely expected move.

Keeping a lid on gains, heavyweight energy stocks dipped 0.6 after rising more than 1 in the previous session and as crude prices slipped.

Focus will remain on economic data, leading with the UK and the U.S. inflation prints this week, while a euro zone reading is due later in the day.

Data on Wednesday is expected to show…