Banks and miners lift UK blue chip index

A man takes shelter under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne Plunkett/File Photo

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  • FTSE 100 up 0.5%, FTSE 250 up 0.7%

Feb 7 (Reuters) – Britain’s main stock index rose on Monday, with banking stocks leading, as investors continued to bet on interest rate hikes in major economies as commodity prices firmed. drive up mining stocks.

The blue-chip FTSE 100 index (.FTSE) rose 0.5% at 08:14 GMT, lender HSBC (HSBA.L) and global miners Anglo American (AAL.L) and Rio Tinto (RIO. L) providing the greatest impetus.

A rally in the oil and banking sectors helped the FTSE 100 index post a weekly gain on Friday, offsetting weakness in European and US peers as oil prices hit seven-year highs and the Bank of England raised interest rates last week to combat inflationary pressures. . Read more

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British homebuilders (.FTNMX402020) fell 0.1% after data from Halifax showed house prices in January rose at their slowest monthly pace since last June. Read more

Shares of Reckitt Benckiser (RKT.L) rose 0.2% after Bloomberg News reported the consumer goods giant was considering options for its infant nutrition business, including a potential sale. Read more

The national mid-cap index (.FTMC) climbed 0.7% after ending last week with marginal gains.

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Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips

Our standards: The Thomson Reuters Trust Principles.

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