(Alliance News) – Blue-chips in London rose on Tuesday, led by miners after stimulus moves in China, although early strong gains were eroded after a surprise fall in US consumer confidence.
But the brighter mood failed to spread to mid-and-small-cap stocks which faded after a positive start.
The FTSE 100 index closed up 23.05 points, or 0.3%, at 8,282.76. The FTSE 250 ended down 75.00 points, or 0.4%, at 20,770.12, and the AIM All-Share closed down 1.52 points, 0.2%, at 742.80.
The Cboe UK 100 ended up 0.3% at 828.34, the Cboe UK 250 ended down 0.4% at 18,285.54, and the Cboe Small Companies ended down 0.7% at 16,826.95.
In European equities on Tuesday, the CAC 40 in Paris ended up 1.3%, while the DAX 40 in Frankfurt advanced by 0.8%.
Equities got off to a bright start after Chinese authorities unveiled their latest package of monetary easing measures.
Among the moves unveiled was a cut to the reserve requirement ratio, which dictates the…
