Stocks nudge up as housebuilders rally

London equity markets nudged higher in early trade on Monday, with strength in the housebuilding sector helping to offset weakness in mining stocks after disappointing Chinese data.

At 0900 BST, the FTSE 100 was up 0.2% at 7,082.89.

Figures released earlier by the National Bureau of Statistics showed that China’s export growth slowed more than expected in May. Exports rose 27.9% year-on-year in May, down from 32.3% growth the month before and coming in below consensus expectations for 32.1% growth.

Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.

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