March 9 Reuters Londons FTSE 100 rose on Tuesday, reversing early losses as investors piled into energy and industrials stocks, buoyed by optimism about a global economic recovery and more U.S. stimulus, though subdued mining shares capped gains.

The bluechip FTSE 100 index rose 0.3, with oil heavyweights BP and Royal Dutch Shell being the biggest boosts to the index.

Mining stocks, including Rio Tinto, Anglo American and BHP were among the laggards, falling between 1.9 and 2.6, as metal prices fell on a firm dollar. Companies related to reopening are doing well and there is a general cyclical reflationary trade we are seeing this morning, and the focus will be on the debt auctions in the United States to see how yields respond, said Neil Wilson, chief market analyst at Markets.com.

The FTSE 100 will progress higher as the UK does better economically amd should be a cyclical winner.

Global stimulus measures and optimism about an economic rebound from vaccination rollouts have helped the FTSE 100 recover more than 37 from a coronavirusdriven crash last year, but investors are cautious after Bank of England governor Andrew Bailey expressed concerns on Monday about a possible rise in inflation.

British consumers cut back heavily on spending as they spent a second month in a COVID19 lockdown in February but confidence in the economy hit a 12month high, payment card firm Barclaycard said.

The domestically focused midcap FTSE 250 index rose 0.4, led consumer…