LONDON (Reuters) - Britain's blue-chip share index was higher on Monday as a weaker U.S. dollar boosted commodities companies while positive results boosted NMC Health
The FTSE 100 <.FTSE> was up 0.5 percent by 0938 GMT as the pound eased by 0.2 percent. European shares were boosted by gains in Italian banks after Moody's kept the country's sovereign rating stable, easing worries over a sell-off in the country's government bonds.
UK mining companies were among the biggest gainers as gold prices
IG market analyst Joshua Mahony, however, said that the rise could be short-lived as the U.S.-China relationship comes under renewed pressure after U.S. Secretary of State Mike Pompeo's warning against investing in China.
Copper and platinum "have been showing signs of recovering recently, and should that be the case, we could see further upside for mining companies", David Madden, market analyst at CMC Markets UK, said in a note.
Financials provided the biggest lift to the overall market, with Lloyds Banking Group
The move was seen as a sign of the lender's confidence even as the economic outlook remains uncertain.
Positive earnings helped to lift NMC Health
Outside of the blue-chips, broker moves and M&A activity were in focus on the mid-cap FTSE 250 <.FTMC>, which firmed by 0.2 percent.
B&M European Value Retail SA
Among the losers, Cairn Energy
(Reporting by Josephine Mason; Editing by David Goodman)