Anglo American up on Amplats share sale
U.S. data awaited
FTSE 100 up 0.1, FTSE 250 climbs 0.2
Nov 27 Reuters The UK39;s FTSE 100 index edged slightly higher on Wednesday as investors assessed the fallout of U.S. Presidentelect Donald Trump39;s tariff threats on global trade and awaited U.S. economic data later in the day.
The bluechip FTSE 100 edged up 0.1 by 1223 GMT, while the midcap FTSE 250 rose 0.2, stabilising after a selloff in the prior session on Trump39;s threat of hefty tariffs on some of its key trading partners.
Anglo American rose 2.1 after the miner sold more shares in its unit Anglo American Platinum Amplats, raising gross proceeds of 9.6 billion rand 420.26 million pounds.
Meanwhile, housebuilders and real estate stocks climbed 1 and 0.7, respectively, as the UK government bond yields fell to their lowest since Finance Minister Rachel Reeves announced her first budget on Oct. 30.
Investors were also keeping an eye on political developments in France, where worries about the fate of the new government and its budget pushed French stocks and bonds lower.
A slew of U.S. data, including the Federal Reserve39;s preferred inflation gauge and labour market report, is due later on Wednesday, which could potentially offer clues on the U.S. central bank39;s next policy moves.
Meanwhile, traders largely expect the Bank of England to keep rates on hold in December.
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