Both FTSE 100 and FTSE 250 add 0.2
UK unemployment rate much lower than thought in late 2023
Vodafone down as German recovery slows
CMC Markets gains; co to cut job cuts after cost review
UK services PMI due 0930 GMT

Feb 5 Reuters Britain39;s FTSE 100 climbed on Monday, set to snap a threesession losing streak, supported by a rise in luxury stocks such as Burberry and Diageo, while precious metal miners slipped on lower gold prices as bets on early interest rate cuts receded.

Both the bluechip FTSE 100 and the midcap FTSE 250 added 0.2 by 913 GMT.

The personal goods index rose 2.3, leading sectoral gains, as luxury retailer Burberry climbed 2.3 and Watches Of Switzerland Group rose 3.6.

Luxury spirits maker Diageo gained 0.7, lifting the broader beverages sector 0.6.

Precious metal miners slipped 0.6, hurt by a decline in gold prices, as the dollar and Treasury yields surged after strongerthanexpected U.S. jobs data dampened bets of early rate cuts.

With Federal Reserve chair Jerome Powell reiterating three rate cuts for the year, it remains debatable as to whether gold can rally from here, said Matt Simpson, a senior analyst at City Index.

Both UK and U.S. January services Purchasing Managers Index PMI figures, due later in the day, will be on investors39; radar for more clues on economic strength and the trajectory of interest rate cuts.

Meanwhile, a survey showed Britain39;s unemployment rate was much lower late last year than previously thought,…