FTSE 100 up 1.1, FTSE 250 adds 0.8
Tyman surges on 976 million buyout deal
Chill Brands slumps after suspending CEO
Hipgnosis Songs Fund climbs after Blackstone39;s 1.5 bln offer
UK PMI data due Tuesday; U.S. PCE data due Friday

April 22 Reuters London stocks gained 1 on Monday, following last week39;s sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to domestic and U.S. economic data later in the week.

The benchmark FTSE 100 rose 1.1 as of 0826 GMT, while the midcap FTSE 250 gained 0.8. Both indexes are set for the biggest percentage gain in a month.

Tyman led gains in the construction sector after it surged 29 on a 976 million buyout deal by Quanex Building Products. The index was also the top gainer with a nearly 3 jump.

The energy sector was up by 0.7 despite oil prices falling by more than 1.

Precious metal miners was the only sector in the red, slipping 1.2 as gold prices eased after Iran downplayed the risks of an escalation.

Markets will be focussed on comments from Bank of England39;s Chief Economist Huw Pill on Tuesday for hints on future rate cuts and the manufacturing and services data for performance of the UK economy.

U.S. personal consumption expenditure price index data is due on Friday.

All eyes this week are on the latest expectations for the United States and just how stubborn inflation is expected to stay, Susannah Streeter, head of money and markets at Hargreaves Lansdown said.

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