FTSE 100 up 0.5
Miners jump after China stimulus measures
BoE39;s Bailey interest rates heading downwards gradually
PM Starmer to address Labour Party conference
Sept 24 Reuters UK stocks rose on Tuesday tracking global gains, as markets cheered fresh stimulus measures in China that lifted shares of miners and luxuryfocused retailers.
At 0715 GMT, the bluechip FTSE 100 was up 0.5, while the more domesticallyfocused FTSE 250 midcap index advanced 0.3.
Regulators in China unveiled broad stimulus measures, including rate cuts and moves aimed at reviving the stock market, in an attempt to spark growth in the country39;s faltering economy.
Equities rose globally following the announcement, soothing some concerns about the impact of a slowdown in the world39;s secondlargest economy.
Londonlisted industrial miners jumped 5 to a nearly onemonth high, as metal prices rose on expectations of higher demand.
Shares of miners Anglo American, Antofagasta and Glencore rose between 4.5 and 5.8.
Burberry gained 3.7, rising along with other European luxury companies, buoyed by hopes of demand revival in the Chinese market.
Elsewhere, Bank of England Governor Andrew Bailey said in an interview published Tuesday that he was very encouraged by the downwards path of inflation and that interest rates were gradually heading lower.
Smiths Group fell 6.3 after the engineering group announced acquisitions of two North American companies, while posting a slight miss in its annual…