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FTSE 100 rises on China data, Antofagasta

Published 07/15/2019, 03:33 PM
Updated 07/15/2019, 03:40 PM
FTSE 100 rises on China data, Antofagasta
UK100
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ANTO
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FRAS
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FTMC
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GOLD
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 up 0.2%
* Antofagasta biggest blue-chip gainer
* Sports Direct falls after delaying results

July 15 (Reuters) - London's FTSE 100 rose on Monday after
seven sessions in the red as upbeat industrial output and retail
sales data from China signalled a steadying economy, while miner
Antofagasta surged after its joint venture won an arbitration
award.
The FTSE 100 .FTSE inched higher by 0.2% as at 0707 GMT,
with the midcaps .FTMC also rising by the same level.
Industrial output and retail sales data in China comfortably
topped forecasts, but economic growth slowed to its weakest pace
in at least 27 years. Antofagasta ANTO.L jumped 5% after a World Bank tribunal
ordered Pakistan to pay damages of $5.8 billion to Tethyan
Copper, a JV between the company and Barrick Gold ABX.TO , in a
dispute over a copper mine. Retailer Sports Direct SPD.L slumped 10% on the FTSE 250
midcap index after it delayed its preliminary results, citing
problems integrating House of Fraser and increased scrutiny of
its accounts that could affect its guidance.

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