Hope of further stimulus for the Chinese economy boosted miners and sent the commodity-heavy FTSE 100 higher this morning, but oil majors suffered as Brent crude took a tumble.
The blue-chip index rallied 0.45%, or 37 points, to 8,306 as mining and commodity stocks battled with conflicting news.
China was a driver of a rally across Asian markets as Beijing announced another raft of measures to stimulate the ailing economy, including a pledge to prop it up with a ‘forceful’ interest rate cut and adjustments to both fiscal and monetary policy.
