UK stocks rebound at start of data-heavy week
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European markets stabilise
Eyes on U.S., UK data this week
Aquis Exchange soars on SIX Group buyout
FTSE 100 up 0.8%, FTSE 250 up 1.1%
Nov 11 (Reuters) -The UK'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 UK monetary policy.
The blue-chip FTSE 100 .FTSE rebounded 0.8% from a three-month low touched in the prior session, while the midcap FTSE 250 index .FTMC climbed 1.1%.
UK stocks have been choppy since Republican Donald Trump was elected U.S. president last week, raising concerns about a potential trade war affecting European economic growth. Meanwhile, underwhelming stimulus steps from China have hurt commodity prices, in turn weighing on mining stocks.
The FTSE 350 mining sector .FTNMX551020 came under fresh pressure on Monday, down 0.5%, as most base metals slipped due to top consumer China's latest stimulus package falling short of investors' expectations.
Market participants are looking ahead to U.S. inflation data on Wednesday as well as UK labour market data and September GDP data this week for hints on how far and fast the Federal Reserve and the Bank of England will cut rates this year and next.
Croda CRDA.L rose 4.7%, leading gainers among the FTSE 100 components, after the chemical group posted a 5% growth in third-quarter group sales.
NatWest NWG.L rose 2.9% after the bank said it bought back 1 billion pounds ($1.29 billion) worth of its own shares from Britain's government.
Ceres Power CWR.L jumped 8%, leading gains in the midcap index, after Jefferies upgraded the developer of clean energy technology to "buy" from "hold" following recent license contracts with Denso in Japan and Delta in Taiwan.
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 in Bengaluru; Editing by Vijay Kishore
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