(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100 up 0.6 pct
* FTSE 250 up 0.7 pct
* EasyJet slumps on bleak trading update
* IAG, Ryanair also fall in response
* Miners, banks top boosts to main index
April 1 (Reuters) - London's main index rose on Monday as mining companies gained on upbeat data from China and progress in U.S.-Sino trade talks, though easyJet's weak trading update pulled down airline stocks.
Mining shares .FTNMX1770 jumped 2 percent to a 10-month high as base metals prices rose, including nickel. Data suggested that stimulus measures in China, the world's biggest nickel consumer, are boosting the economy. progress also helped shares in HSBC HSBA.L and luxury brand Burberry BRBY.L .
"The trade deal is going very well," U.S. President Donald Trump had said on Friday. Trade talks between the world's two largest economies is set to resume this week. the Brexit conundrum continued, with parliament set to vote on different Brexit options later in the day. The default remained for the UK to fall out of the European Union without a deal on April 12.
Among a handful of blue-chip losers was easyJet EZJ.L , which slumped 7 percent after it flagged "softness" in ticket pricing, as Brexit uncertainties led to weaker customer demand. cautious tone brought down shares in British Airways owner IAG ICAG.L and the London-listed shares of Ryanair RYA.L by 2 percent and 5 percent respectively.
Struggling retailer Debenhams DEB.L also slumped 7 percent after sportswear group Sports Direct SPD.L said other shareholders in the department store group expressed their support for appointing Mike Ashley as Debenhams CEO. midcaps, Royal Mail RMG.L added 3 percent after brokerage Berenberg upgraded the stock to "hold".
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.