By Carla Mozee, MarketWatch
U.K. stocks rose Monday, building its last week's post
general-election rally, with miners higher after China made another
move to stimulate its economy.
The FTSE 100 swung up 0.2% to 7,059.86. The index on Friday
jumped 2.3%
(http://www.marketwatch.com/story/ftse-100-pound-leap-with-conservatives-on-track-for-election-win-2015-05-08)
after the country's general election resulted in the Conservative
Party taking power in the U.K.
Mining stocks on Monday gained, after the People's Bank of
China's decide on Sunday to cut its benchmark lending and deposit
rates by a quarter of a percentage point
(http://www.marketwatch.com/story/china-cuts-rates-as-economic-slowdown-deepens-2015-05-10).
The third rate cut in six months highlights concerns about slowing
in the world's second-largest economy.
Glencore popped up 1.5%, BHP Billiton PLC (BHP) rose 1.2% as did
Anglo American PLC . Rio Tinto PLC (RIO) tacked on 1%.
Decliners on the blue-chip index included InterContinentals
Hotels Group PLC and HSBC PLC (HSBC), losing 1.3% and 0.7%,
respectively.
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