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* FTSE 100 up 1.1%, FTSE 250 rises 1%
* Sino-U.S. trade relief stokes risk appetite
* Asia-focussed banks, miners lead FTSE 100
July 1 (Reuters) - UK stocks made a solid start to the new
quarter on Monday, as fears of an escalation in U.S.-China trade
dispute eased after the two sides made some concessions and
decided to resume talks, spurring a rally in global stocks.
The FTSE 100 .FTSE surged 1.1% to a more than two-month
high by 0702 GMT and the FTSE 250 .FTMC added 1%.
All sectors on both indexes were trading higher in early
dealings.
Investors piled into equities, especially that of banks with
a heavy presence in Asia such as HSBC HSBA.L and Prudential
PRU.L . Shares of miners, sensitive to news surrounding top
metals consumer China, also boosted the main index.
Oil majors Shell RDSa.L and BP BP.L advanced as crude
prices surged after top producers Saudi Arabia, Russia and Iraq
backed a plan to extend supply cuts for another six to nine
months. O/R