On Tuesday, the UK's FTSE 100 index opened higher, with mining stocks leading the gains following Beijing's announcement of increased policy support for the Chinese economy. Meanwhile, consumer goods company Unilever saw a 5% jump in its stock after beating quarterly sales estimates. The FTSE 100 rose by 0.1%, while the FTSE 250, which is more focused on domestic companies, dipped by 0.1%.
Industrial metal miners also saw gains, with a 2.7% increase in the FTSE NMX551020 index tracking a rise in base metal prices. This was due to China's leaders announcing a focus on expanding domestic demand and boosting confidence in the economy.
However, online car marketplace Auto Trader Group saw a 3.1% decline in its stock after JP Morgan downgraded its rating from "neutral" to "underweight".
