FTSE 100, FTSE 250 up 0.4 each
Copper miners lead gains
JD Sports falls after Barclays downgrades to underweight
UK election in focus

July 3 Reuters London stocks rebounded on Wednesday, led by metal miners and renewed hopes of U.S. interest rate cuts, but caution on the eve of UK parliamentary elections capped further gains.

The bluechip FTSE 100 was up 0.4, as of 0800 GMT, after closing at a more than twomonth low in the previous session, while the midcap FTSE 250 gained 0.4.

U.S. Federal Reserve Chair Jerome Powell said on Tuesday the country was on a disinflationary path but policymakers need more data before cutting rates.

His comments bolstered hopes that the Fed will cut rates sooner rather than later.

Industrial metal miners led gains, rising 1.8, tracking copper prices higher.

Most sectoral subindexes traded higher, with the exception of investment banking and brokerage stocks that fell 0.5.

The market39;s focus is now on UK39;s parliamentary elections on Thursday, where Conservatives look set to be replaced after 14 years in power, as per opinion polls.

If they Labour get a decent majority, they will be able to undertake what they call radical change, that is basically stability. I think that39;s why markets haven39;t hugely reacted going into it, said Indriatti Van Hien, a UK equities portfolio manager at Janus Henderson Investors.

She also pointed to the polls not having an effect on the Bank of England39;s rate cut timeline.

On the radar is…