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FTSE 100 climbs as China stimulus boosts luxury brands

The UK’s FTSE 100 rose 0.3% yesterday, driven by new Chinese stimulus measures that boosted shares of miners and luxury retailers, with industrial metal miners up nearly 5% and Burberry gaining over 2%. However, the FTSE 250 midcap index fell 0.4%, led by a 2.6% drop in Drax after announcing significant US investments, alongside losses for Smiths Group and Dunelm due to acquisitions and shareholder sales.

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