On Monday, UK stocks nudged higher following commitments from China's leadership to implement "more proactive" fiscal and monetary policies in the coming year, aimed at bolstering domestic consumption.
However, gains were tempered by a new report indicating that UK business confidence has dropped to its lowest point since January 2023. According to business advisory firm BDO, the Optimism Index, a vital gauge of business sentiment, declined significantly by 5.81 points to 93.49 in November, as enterprises grapple with rising costs.
The FTSE 100 index recorded a rise of 26 points, or 0.3%, reaching 8,334 after a 0.5% decline on Friday.
In the mining sector, shares of Anglo American, Antofagasta, and Glencore increased by approximately 3%. Conversely, Domino's Pizza Group experienced a nearly 3% decline following the announcement of a new five-year framework agreement with its franchise partners.
Meanwhile, Reckitt Benckiser, specializing in nutrition products, saw a slight decrease in its stock following its update on the share buyback program.
