Mining Stocks Fuel FTSE Gains Amid Tariff Uncertainty

The FTSE 100 index rose on Monday, driven by strong performance in mining stocks. Investors await clarity on U.S. President Donald Trump's tariff plans, while UK economic data releases loom. Meanwhile, the UK's services sector showed signs of recovery, and the Wood Group announced an extended takeover offer deadline.

The UK's benchmark FTSE 100 index experienced an uptick on Monday, largely due to the strong performance of mining stocks. While investors remained eager for more clarity on U.S. President Donald Trump's tariff plans, the FTSE 100 registered a rise of 0.19%.

Key players such as Anglo American, Antofagasta, Rio Tinto, Glencore, and Fresnillo led gains on the blue-chip index, increasing by 3.6% to 2.4%. The pan-European STOXX 600 also saw a 0.4% rise, propelled by advancing mining stocks as copper prices gained in London.

Upcoming economic data releases, including UK inflation figures and the U.S. Federal Reserve's preferred inflation reading, are keenly awaited. UK businesses in the services sector reported a notable boost, offering some reassurance to Finance Minister Rachel Reeves. Additionally, Wood Group extended its takeover offer deadline to April 17.

(With inputs from agencies.)