FTSE 100 up 0.4, FTSE 250 adds 0.3

June 27 Reuters UK39;s FTSE 100 rose on Monday, as an easing of COVID19 restrictions in China brought relief to commodity prices, lifting shares of major oil and mining companies.

The commodityheavy FTSE 100 was up 0.4, as of 0704 GMT, while midcap FTSE 250 index edged 0.3 higher.

The risk sentiment improved following a Wall Street rally late last week and a rebound in copper and iron ore prices on Monday, boosted by an easing COVID19 restrictions in Shanghai and relaxed testing mandates in several Chinese cities.

Londonlisted shares of Rio Tinto rose 2 after a U.S appeals court ruled that the federal government may give the UK copper miner a right to lands in Arizona.

BAE Systems edged 0.4 higher after the defence company received a 12 billion contract from the U.S Department of Defence.

Reporting by Boleslaw Lasocki in Gdansk; Editing by Sherry JacobPhillips

Source Reuters