Miners, banks boost FTSE 100 ahead of construction activity data

  • Reuters
  • Stock Market News
Miners, banks boost FTSE 100 ahead of construction activity data
Credit: © Reuters.

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* FTSE 100 up 0.4%, FTSE 250 off 0.04%

April 8 (Reuters) - London's FTSE 100 climbed on Wednesday supported by gains in heavyweight mining and banking stocks, while investors awaited March construction industry activity data later in the day.

The blue-chip index .FTSE rose 0.4% to its highest since February last year, with Johnson Matthey JMAT.L jumping 3.4% after the chemicals maker said it had started a strategic review of its health business. stocks rose with Anglo American (JO: AMSJ ) AAL.L gaining 2.5%, as the company said it would spin off its thermal coal assets in South Africa. domestically focussed mid-cap FTSE 250 index .FTMC edged 0.04% lower after scaling a record high in the previous session.

Globally, investor sentiment was upbeat after the Federal Reserve underlined its commitment to keeping policy super loose even as the U.S. economy enjoys a rapid recovery. MKTS/GLOB

Among other stocks, Lookers LOOK.L jumped 15% after the auto retailer forecast 2021 underlying profit before tax to be materially ahead of analysts' estimates.

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