FTSE 100 up 0.3, FTSE 250 adds 0.2
Industrial metal miners lead broad gains
Hargreaves Landsdown agrees to takeover deal, shares rise

Aug 9 Reuters London39;s FTSE 100 inched higher on Friday, as betterthanexpected U.S. jobs data allayed fears of recession in the world39;s top economy, while industrial metal miners further boosted recovery.

The bluechip FTSE 100 index was up 0.3, while the midcap FTSE 250 rose 0.2 by 0709 GMT.

However, both indexes are set to post weekly declines for a second straight week.

Data showed on Thursday that weekly U.S. jobless claims fell morethanexpected, suggesting that fears of an unravelling labor market were overblown and allayed some fears of a potential U.S. recession.

Weak economic data last week spurring recession fears in the U.S. and the unwinding of Japan39;s yen carry trade triggered a battering selloff across stock markets on Monday.

On Friday, industrial metal miners led gains in London, rising 1.9 rise, as copper prices rebounded and base metals rose supported by ratecut hopes and betterthanexpected U.S. data.

Rate sensitive real estate investment trusts and real estate sectors also moved up 1, each.

Energy and precious metal miners also gained 0.4 and 0.8, respectively, as oil prices rose and gold stabilized.

On the flip side, personal care, drugs and grocery stocks led declines, down 0.4.

Investors are looking forward to next week, packed with inflation data both in the U.S. and the UK, alongside Britain39;s…