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Positive trade signals, mining stocks support FTSE 100

Published 30/08/2019, 08:27
© Reuters.  Positive trade signals, mining stocks support FTSE 100
UK100
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RIO
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BHPB
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100, FTSE 250 up 0.2%

* Miners gain as nickel prices hit record high

* Positive U.S.-China trade signals support sentiment

Aug 30 (Reuters) - London's FTSE 100 rose on Friday, lifted

by gains in shares of miners as nickel prices hit an all-time

high, with sentiment supported by signs of a resumption of

U.S.-China trade talks.

The main index .FTSE added 0.2%, but was still set to post

its sharpest monthly fall in four years. The mid-cap FTSE 250

.FTMC also gained 0.2% by 0712 GMT.

Heavyweight miners, including Rio Tinto RIO.L and BHP

BHPB.L , were among the biggest boosts to the blue-chip index

as a waste spill at a nickel plant in Papua New Guinea sparked

supply fears. Most other constituent sectors on the FTSE 100 were also

higher after Washington and Beijing signalled overnight that

they would resume talks to try and end their protracted trade

dispute.

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