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Monday, 04/20/2015 9:54:15 AM

Monday, April 20, 2015 9:54:15 AM

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U.K. stocks gained Monday, led by the mining sector after China enacted a new measure aimed at a stimulating growth in the world's second-largest economy.

The heavily weighted mining group climbed 1%, after China's central bank over the weekend cut the amount of reserves commercial banks are required to hold. The move frees up about $200 billion for lending China has been struggling with slowing growth, including in its key property market.
"Before policymakers are assured of growth stabilization, there will be more easing moves,".........Yao Wei said in a note Monday.
Miners can be particularly sensitive to developments from China, a major buyer of metals and other commodities. Shares of iron-ore producer Anglo American popped up 2.7%. BHP Billiton PLC (BHP) rose 1.4%, and Rio Tinto PLC (RIO) tacked on 1.7%. Glencore PLC picked up 0.9% and precious metals miner Fresnillo PLC nudged up 0.1%.

Rio Tinto is slated to release a quarterly operational review Monday night London time, and BHP's March operational update is due Wednesday.
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