UK stocks rebound as investors await key data
European markets stabilise
Eyes on U.S., UK data this week
Aquis Exchange soars on SIX Group buyout
FTSE 100 up 0.7%, FTSE 250 up 1%
Updated at 1651 GMT
By Sruthi Shankar and Nikhil Sharma
Nov 11 (Reuters) -Britain's main stock indexes rose on Monday, joining a broad rally in European markets, as investors awaited key economic data this week for clues on the path of U.S. and British monetary policy.
The blue-chip FTSE 100 .FTSE rebounded 0.7% from a three-month low touched in the prior session and ended its four-day streak of losses. The midcap FTSE 250 index .FTMC climbed 1%.
Across the Atlantic, Wall Street traders extended last week's stock rally fuelled by Donald Trump's re-election as U.S. president. .N
British stocks have been choppy since last week, when Trump's election victory raised concerns about a potential trade war hurting European economic growth. Underwhelming stimulus steps from China also hurt commodity prices, in turn weighing on mining stocks.
The FTSE 350 mining sector .FTNMX551020 came under fresh pressure on Monday, down 1.8%, as most base metals slipped due to top consumer China's latest stimulus package falling short of investors' expectations.
The precious metals and mining sector .FTNMX551030 slid 5.2% as gold prices fell due to stronger dollar as markets expect the Federal Reserve to adopt a cautious approach to policy easing under Trump's administration. GOL/
Investors are awaiting U.S. inflation data as well as British labour market data and September GDP data later this week for hints on how far and fast the Fed and the Bank of England will cut rates this year and next.
Croda CRDA.L rose 5.2%, leading gainers among the FTSE 100 components, after the chemical group posted a 5% growth in third-quarter group sales. It boosted the chemicals sector, .FTNMX552010 up 3.4%.
NatWest NWG.L gained 3.7% after the bank said it bought back 1 billion pounds ($1.29 billion) worth of its own shares from Britain's government.
Kainos Group KNOS.L jumped 6.2%, among top gainers in the midcap index, after the IT software provider reported a 1% rise in half-year adjusted pre-tax profit to 38.2 million pounds ($49.2 mln).
Aquis Exchange Plc AQX.L soared 113% after Swiss stock exchange operator SIX Group said it had agreed to buy the UK-based financial markets service provider in a cash offer that values the business at 207 million pounds ($266.91 million).
Reporting by Sruthi Shankar and Nikhil Sharma in Bengaluru; Editing by Vijay Kishore and Alex Richardson
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
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