UK's FTSE 100 rises on mining boost; focus on Middle East peace moves

​UK's blue-chip FTSE 100 climbed on Tuesday, boosted by mining-linked stocks as prices of some base metals rose, while ‌oil prices ticked lower amid rekindled hopes of a U.S.-Iran peace deal.

The blue-chip FTSE 100 index rose 0.4% to 10,377.4 points by 1129 GMT, set to snap a three-day losing ‌streak, if gains hold. The midcap FTSE 250 climbed 0.8%. * Industrial metal miners ‌led gains, with heavyweights including Glencore, Anglo American and Rio Tinto climbing around 2% each as copper prices climbed to a more than two-week high.

* Precious metal miners also rose 1.8% as gold prices climbed ⁠around ​1%. * Data from ⁠the Bank of England showed British lenders approved the most mortgages in 15 months in April, while consumer ⁠credit grew faster than expected. Shares of homebuilders advanced 1.5%.

* Oil and gas stocks dropped ​0.8% as crude oil prices came under pressure after U.S. President Donald Trump said talks ⁠with Iran were ongoing. * Lebanon also announced a partial ceasefire between Hezbollah and Israel.

* Among single ⁠stocks, ​British American Tobacco raised its forecast for revenue from smoking alternatives like vapes after a significant U.S. policy shift, but kept its group-wide guidance unchanged, sending its shares ⁠down 2.9%. * GB Group slid 9.9% after the identity technology company clocked a yearly ⁠loss due to ⁠a impairment charge of 73.1 million pounds.

* Meanwhile, British government bond yields inched slightly lower across the curve, while the pound inched ‌0.1% higher against ‌the dollar.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)