(Alliance News) – London’s FTSE 100 traded higher heading into Monday afternoon, with miners and China-exposed stocks leading the charge on renewed growth hopes for the world’s second-largest economy.
Luxury retail also traded strongly, boosting the CAC 40 in Paris. The DAX 40 in Frankfurt, however, gave back some recent progress. It had achieved a record closing high on Friday.
The FTSE 100 index traded up 33.66 points, 0.4%, at 8,342.27. The FTSE 250 was down 35.97 points, 0.2%, at 21,023.03, and the AIM All-Share was up 1.82 points, 0.3%, at 740.04.
The Cboe UK 100 was 0.4% higher at 837.61, the Cboe UK 250 was down 0.1% at 18,523.00, and the Cboe Small Companies was up 0.2% at 16,240.20.
In Paris on Monday, the CAC 40 was up 0.5%. The DAX 40 in Frankfurt was 0.1% lower.
China’s top leadership including President Xi Jinping on Monday called for a “relaxed monetary policy” next year, state media reported, as officials gathered in…
