The UK’s FTSE 100 inched higher on Monday supported by gains in mining stocks, while information and analytics firm Ascential led midcap stocks higher after announcing a $1.70 billion deal for selling its units.
The commodity-focused FTSE 100 was up 0.9% at 08:16 GMT, while the mid-cap FTSE 250 moved 0.8% higher.
Most base metals prices rose as stimulus measures from top consumer China boosted sentiment, taking the industrial metal miners index up by 1.1%.
Ascential soared 34.6% to the top of FTSE 250, after it announced sale of its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion).
Investors will closely monitor the Bank of England’s monetary policy meeting due on Thursday, where the central bank is most likely expected to hold interest rates at a 15-year high of 5.25%.
Meanwhile, data showed Britain’s jobs market is showing more signs of cooling with online vacancies and pay offers falling.