UK stocks : FTSE 100 closes up 1.2 pct at 3-wk highs

Nov 30 2012, 07:04 IST
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SummaryThe FTSE 100 closed up 67.02 points at 5,870.30.

are up."

The FTSE 350 mining sector added 3.1 percent, boosted by Rio but also taking heart from the growing optimism on the U.S. 'fiscal cliff'.

"There is a fog of uncertainty relating to fiscal cliff, euro zone prospects and - although this is less of a worry recently - the maintenance of Chinese growth," said Gidley-Kitchin.

"The mining companies acknowledge that, and so does everyone else. I think the right response in the short term is not to continue to go flat out, and to proceed with a certain amount of caution."

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