U.K. stocks rose for the third time in four days as investors awaited data that may show industrial production in Europe’s third-largest economy rose in September.
EasyJet Plc (EZJ) climbed 2.1 percent after saying seat occupancy increased last month from a year ago. Meggitt Plc (MGGT) rose 1.8 percent after Cantor Fitzgerald LP upgraded its rating of the stock to buy. Experian Plc (EXPN) tumbled 6.4 percent after saying it will buy Passport Health Communications Inc. for $850 million. Weir Group Plc fell after Investec Ltd. cut its recommendation on the shares.
The FTSE 100 Index (UKX) rose 12.76 points, or 0.2 percent, to 6,759.6 at 8:58 a.m. in London. The broader FTSE All-Share Index also climbed 0.2 percent today, while Ireland’s ISEQ Index increased 1.2 percent.
U.K. industrial production rose 0.6 percent in September, rebounding from its biggest decline in almost a year, economists predicted before a report at 9:30 a.m in London. Separately, the National Institute of Economic and Social Research will release its estimates for U.K. economic growth in the three months through October at 3 p.m. Gross domestic product expanded 0.8 percent in the quarter ending September, the NIESR estimated.
Investors are also awaiting an interest-rate decision from the European Central Bank tomorrow. Three of 70 economists’ estimates compiled by Bloomberg predict the central bank will cut its benchmark interest rate to 0.25 percent at tomorrow’s meeting. Eight of 38 economists in a separate survey forecast policy makers will lower interest rates in December.
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