U.K. Stocks Advance for Second Day as Rio, ENRC Lead Miner Rally
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U.K. stocks advanced for a second day, led by commodity producers, as manufacturing rose more than forecast, Alcoa Inc. began the U.S. earnings season with profit that beat projections and Chinese inflation eased.
Rio Tinto Group, Eurasian Natural Resources Corp. and Kazakhmys Plc climbed more than 4.5 percent, pulling the FTSE 350 Mining Index to the biggest gain in three months. Vedanta Resources Plc rallied 5.3 percent after its Cairn India Ltd. unit found oil in a new well.