FTSE 100 up 0.1, FTSE 250 adds 0.2
Mining shares lead broader gains, energy shares top losers
Mobico posts jump in firsthalf profit, shares gain
U.S. Fed Chair Powell39;s speech on tap
Aug 21 Reuters London39;s FTSE 100 inched higher on Wednesday, supported by miners, while traders sensed caution among global markets ahead of U.S. economic data, release of the Federal Reserve39;s July meeting minutes and speeches from policymakers this week.
The bluechip FTSE 100 index was up 0.1 at 8,277.36, as of 0711 GMT, after logging its worst day since Aug. 5 in the previous session. The midcap FTSE 250 index edged 0.2 higher.
Industrial metal miners were the biggest gainers in the benchmark index with a 1.6 gain, despite a downtick in copper prices.
Precious metal miners jumped 1.2 as bullion hovered below its recordhigh levels following a rally fuelled by Western fund inflows and U.S. ratecut optimism.
The benchmark index closed 1 lower in the previous session, dragged down by heavyweight energy shares.
The energy sector led losses on Wednesday as well, with a 0.4 decline, as oil prices slipped on estimates showing swelling U.S. crude inventories and expectations of easing tensions in the Middle East.
Global markets took a breather from a recovery in the last week following comforting U.S. data and a brutal selloff earlier this month.
Investors are eagerly awaiting Fed Chair Jerome Powell39;s speech at the Jackson Hole symposium in Wyoming later this week, where the…