European markets stabilise
Eyes on U.S., UK data this week
Aquis Exchange soars on SIX Group buyout
FTSE 100 up 0.8, FTSE 250 up 1.1
Nov 11 Reuters The UK39;s main stock indexes rose on Monday, joining a broad rally in European markets, as investors awaited key economic data this week for clues on the path of U.S. and UK monetary policy.
The bluechip FTSE 100 rebounded 0.8 from a threemonth low touched in the prior session, while the midcap FTSE 250 index climbed 1.1.
UK stocks have been choppy since Republican Donald Trump was elected U.S. president last week, raising concerns about a potential trade war affecting European economic growth. Meanwhile, underwhelming stimulus steps from China have hurt commodity prices, in turn weighing on mining stocks.
The FTSE 350 mining sector came under fresh pressure on Monday, down 0.5, as most base metals slipped due to top consumer China39;s latest stimulus package falling short of investors39; expectations.
Market participants are looking ahead to U.S. inflation data on Wednesday as well as UK labour market data and September GDP data this week for hints on how far and fast the Federal Reserve and the Bank of England will cut rates this year and next.
Croda rose 4.7, leading gainers among the FTSE 100 components, after the chemical group posted a 5 growth in thirdquarter group sales.
NatWest rose 2.9 after the bank said it bought back 1 billion pounds 1.29 billion worth of its own shares from Britain39;s government….