FTSE up 0.6 pct as miners, oils bounce
* Oils, miners gain with firmer commodity prices * Banks mixed; RBS falls as divestments expected
* British Airways weak ahead of results due Friday
By David Brett
LONDON, Nov 2 (Reuters) - Britain's top share index rose 0.6 percent in mid-session trade on Monday supported by gains from miners and oils after bullish economic data, which offset weaker defensive stocks.
By 1205 GMT the FTSE 100 was up 31.71 points at 5,076.26, having fallen 1.8 percent on Friday, notching up its largest weekly fall, at 3.8 percent, since March.
The index fell 1.7 percent overall in October, the first monthly drop since June but is still up about 46 percent since its March low.
Miners were the top gainers boosted by a rise in copper, which was underpinned by strong purchasing managers data from both the UK and China, highlighting that a recovery in demand is well underway.
In the UK the CIPS/Markit purchasing managers index of manufacturing activity rose at its fastest rate in two years in October and new orders rose at their fastest in almost six years as firms started rebuilding their stocks. [ID:nLAG005885] Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK







