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FTSE 100 Edges Higher On China Optimism
(RTTNews) - U.K. stocks were moving higher on Monday after data showed China's consumer prices returned to positive territory in August while factory-gate price declines slowed - adding to signs of easing deflationary pressures in the world's second-largest economy.
The benchmark FTSE 100 was up 24 points, or 0.3 percent, at 7,502 after gaining half a percent on Friday.
Gains in metals prices helped lifted miners, with Anglo American, Antofagasta and Glencore climbing 2-3 percent.
Homebuilder Vistry soared 15 percent after reiterating its full-year guidance and announcing a £55 million ($68.8 million) share buyback.
AstraZeneca dropped 1.3 percent despite reporting encouraging initial results from the TROPION-Lung04 Phase Ib study evaluating datopotamab deruxtecan plus Imfinzi for the treatment of advanced non-small cell lung cancer.
Restaurant Group jumped more than 6 percent. The chain of restaurants and public houses said that it has inked deal with respect to the proposed sale of its loss-making Leisure business comprising of 75 trading sites and associated restaurants to the Big Table Group.
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I
Pound Slides On Weak U.K. GDP Data
Pound Slides Against Majors
Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises
Yen Rises Against Majors
Canadian Dollar Drops Against Majors
NZ Dollar Slides Against Most Majors
