FTSE 100 Rebounds on Easing US Rate-Hike Concerns

The UK stock market is trading higher today, with the FTSE 100 Index up around 0.3% at approximately 10,783 points.

The gains are supported by softer US economic data, which has reduced expectations of an imminent Federal Reserve rate hike.

Steady UK GDP growth of 0.4% in Q2 is also supporting investor sentiment.

The FTSE 100 began the week on a stronger note, rebounding after five straight sessions of losses, with gains in mining stocks providing much of the support.