By Carla Mozee, MarketWatch
U.K. stocks bounced higher Monday, with the mining sector the
best performing after China enacted a new measure aimed at a
stimulating growth in the world's second-largest economy.
The FTSE 100 rose 0.8% to 7,052.32, with only a handful of
shares moving lower, led by a 0.6% decline in shares of bottler
Coca-Cola HBC AG .
The mining group gained 1.6%, after China's central bank over
the weekend cut the amount of reserves commercial banks are
required to hold. The move frees up about $200 billion for lending
(http://www.marketwatch.com/story/china-cuts-banks-reserve-ratio-2015-04-19-94854558).
China has been struggling with slowing growth, including in its key
property market.
Miners can be particularly sensitive to developments from China,
a key buyer of metals and other commodities. Shares of iron-ore
producer Anglo American popped up 2.4%. BHP Billiton PLC (BHP)
gained 1.6%, as did shares of Rio Tinto PLC (RIO) . Glencore PLC
picked up 1.5%. But precious metals miner Fresnillo PLC slipped
0.1%.
On Friday, the FTSE 100 fell 0.9%
(http://www.marketwatch.com/story/ftse-100-moves-higher-but-weekly-loss-in-sight-2015-04-17),
part of a global stock selloff triggered after Chinese regulators
made changes in trading rules for local markets.
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