By Steve Goldstein, MarketWatch
Commodity producers lifted London-listed stocks on Friday, as economic data from both the U.S. and China were mostly stronger than forecast.
The FTSE 100 (FTSE:UK:UKX) rose 0.6% to 7291.86 with gainers including oil giant BP (LON:UK:BP) and miner Rio Tinto (LON:UK:RIO) .
Data from China showed the Caixin measure of manufacturing PMI at a 32-month high, and U.S. nonfarm payrolls grew a stronger-than-forecast 128,000.
While the ISM manufacturing index slightly missed forecasts, the index on new-export orders shot higher, and the series on new orders also increased.
The IHS Markit/CIPS U.K. manufacturing PMI meanwhile rose to a 6-month high in October, though at 49.6, it is still below a level at 50 that signals contraction. The U.K. numbers were helped by stock building and purchasing activity in advance to the October Brexit departure date that was subsequently postponed.