UK’s FTSE 100 rose in early trade on Thursday as higher crude oil prices lifted energy giants and higher base metals and iron ore prices lifted miners, while investors braced for more economic data due later in the day.
By 0808 GMT, the exporter-heavy FTSE 100 (.FTSE) rose 0.1%, while the FTSE 250 midcap index (.FTMC) lost 0.2%.
Industrial metal miners (.FTNMX551020) led gains early on, rising 1% as prices of most base metals and iron ore advanced, while oil and gas (.FTNMX601010) edged up 0.6% as crude prices gained ahead of expected production cuts by the OPEC+ group.
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