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Ftse 100 up 0.19% ftse 250 0.12%
Inflation figures and budget updates are expected this week
March 24 (Reuters) – UK benchmark FTSE 100 index rose on Monday, provoked by strong performance in mining stocks, while investors also waited for more clarity on US President Donald Trump’s tariff schemes.
Blue-Chip FTSE 100 was above 0.19%. The domestic -level Ftse 250 index also increased by 0.12%.
Miners Anglo American, Antofagasta, Rio Tinto, Glencore and Fresnillo were among the top beneficiaries on the Blue-Chap Index, growing between 3.6% to 2.4%.
Copper prices also obtained land in London, causing some weakness in the dollar.
PAN-European Stoxx 600 was 0.4% higher, leading to mining shares.
This week will be the release of major economic data including UK inflation figures, half-year budget update and US Federal Reserve’s favorite inflation reading.
However, the market spirit will be inspired by updates on the plans of US President Donald Trump for global mutual tariffs from April 2.
Back home, businesses in the vast service sector of Britain reported a pickup this month, according to a survey, which offered some rest to Finance Minister Rachel Reeves before a challenging speech on the economy and public finance this week.
The UK S&P purchasing managers index (PMI) for the service sector had a high level of seven months in March, above 51 in February, 53.2 in March.
Among other stocks, the Wood Group increased by 1.3% after the Oilfield Services and the Engineering firm, when Sidara’s new acquisition extended the deadline until 17 April. (Reporting by Ragini Mathur in Bengaluru; editing by Anil D -Silva)
