FTSE 100 gains on positive trade comments, IAG rises

• The FTSE 100 increased 0.6pc after rising more than 1pc in the previous session.
• The FTSE 250 was up 0.4pc at 0817 GMT.

Britain's FTSE 100 rose on Monday as investors were hopeful that there would be some progress to end the prolonged U.S.-China trade war, while British Airways-owner IAG gained on securing a preliminary deal to end a dispute with its pilots.

The FTSE 100 increased 0.6pc after rising more than 1pc in the previous session, with global miners and Asia-focused HSBC providing the biggest boost, after U.S. national security adviser Robert O'Brien said an initial trade deal was still possible by the end of the year.

The FTSE 250 was up 0.4pc at 0817 GMT.

IAG rose 1.4pc after British Airways and its pilots union BALPA reached a preliminary agreement to end the pay dispute that resulted in the first walkout by pilots in the airline's history.