StockMarketWire.com - Global equities benefitted from positive momentum as investors hoped the trade war would end as China and the US prepare to start talks later this week.

The FTSE 100 was up 0.4% at 7,591, while Germany's DAX enjoyed a 1% rally to 12,328.

Brent crude oil gained 0.3% to $72 per barrel and copper climbed 1% to $2.65 per pound.

In the US, equities were mainly in the ascendancy with the exception of the tech-heavy Nasdaq, down 4 points at 7,812 around 4:45pm UK time.

MID AND LARGE CAP RISERS AND FALLERS

Security business G4S declined 1.2% to 249.4p despite the government taking control of Birmingham prison amid several major failings.

Private healthcare operator NMC Health revealed a strong set of half year results and a raft of new acquisitions, giving the share price a 1.5% boost to £41.20.

Estate agency Countrywide retreated 0.8% to 14.4p after reversing its decision on an incentive plan for management amid an emergency overhaul of its balance sheet.

Premier Oil reported a final investment decision with its partner Dana Petroleum on the Tolmount gas field in the North Sea. The stock slipped 1.3% to 113.7p.

Oil services company Wood Group announced a six-year contract with Royal Dutch Shell for asset management services for a project in the Philippines. Shares in Wood Group advanced 0.3% to 661.4p.

SMALL CAP RISERS AND FALLERS

Luxury handbag seller Mulberry warned annual profits could be hit by a difficult trading environment and a £3m charge from the collapse and subsequent rescue of departure store chain House of Fraser. Shares in Mulberry collapsed 29.7% to 400p.


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