FTSE 100 up 0.3, FTSE 250 up 0.2
Precious metal miners lead broader gains
Barratt Developments falls after forecasting fall in homebuild targets
US Fed Chair Powell39;s comments on tap

July 10 Reuters London stocks rebounded on Wednesday amid broadbased gains after a slew of corporate updates, while investors awaited Federal Reserve Chair Jerome Powell39;s testimony to gauge the U.S. central bank39;s monetary policy path.

The bluechip FTSE 100 index was up 0.3, after logging its worst day in nearly a month on Tuesday, while the midcap FTSE 250 index was up 0.2 at 0722 GMT.

Travel and leisure stocks rose 0.9. SSP Group jumped 8.7 after the restaurant operator stuck to its fiscal year forecasts.

Precious metal miners advanced 1.2 as gold prices steadied ahead of a crucial U.S. inflation report.

Homebuilders were the biggest laggards on the index, declining 1. Barratt Developments, down 3, hit the bottom of the FTSE 100 index after forecasting an up to 7 fall in its homebuild targets for fiscal year 2025.

Energy and industrial metal miners dipped 0.2 and 0.4, respectively, in tandem with oil and copper prices.

Investor focus is now on the second day of Powell39;s Congressional testimony. He stated on Tuesday that a rate cut would not be appropriate before the Fed gains more confidence in cooling inflation.

The comments come ahead of the crucial U.S. consumer price index figures and Britain39;s GDP numbers, both due on Thursday.

Bank of England39;s chief…