Rio Tinto, BHP lift FTSE 100 on China stimulus

(Reuters) – London’s FTSE 100 rose for the first time in three sessions on Monday as more stimulus in China powered mining stocks, while investors looked to a slate of macroeconomic data due later in the week to gauge the pace of a post-pandemic rebound.

The commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc (RIO.L), BHP Group Plc (BHPB.L) and Anglo American Plc (AAL.L) adding between 1.6% and 2.4%.

Asian shares crept closer to their pre-pandemic highs as fresh liquidity from China’s central bank helped investors brush past a delay in a weekend meeting of U.S. and Chinese officials to review their Phase-1 trade pact.