LONDON, Oct 24 — London’s FTSE 100 rose today along with its European counterparts, helped by strong French manufacturing data and gains in AstraZeneca after a 2019 forecast upgrade.

The blue-chip index climbed 0.7 per cent to a near one-month high by 0730 GMT, on course for its fourth session of gains. A dip in sterling limited the FTSE 250 to a 0.2 per cent gain.

After rising to session highs following data from France, the main bourse eased slightly after another survey showed employment in Germany’s private sector fell for the first time in six years in October.

The conflicting data come at a time of existing fears over global economic growth, as multiple unfavourable events including the US-China trade tussle and Brexit play out.

In the past two weeks UK shares have been volatile with major Brexit developments including Prime Minister Boris Johnson striking a new Brexit deal with the European bloc and lawmakers at home forcing his hand into asking for another extension to the divorce.

‘US-China and Brexit in limbo’

The FTSE 100, whose components rake in more than two-thirds of their earnings in US dollars, is on course for its best weekly gain since early June, as uncertainties over the course of UK’s EU departure have dented the value of sterling.

AstraZeneca gained three per cent, its biggest one-day rise in three months, after the pharmaceutical giant raised its annual product sales forecast for the second time this year.

Analytics and decision tools provider Relx and industrial software company Aveva added 2.5 per cent each following trading updates.

“There’s not been a huge catalyst for markets this week. Earnings are largely topping beaten-down estimates. US-China and Brexit are in limbo,” Markets.com analyst Neil Wilson said.

On the other end of the spectrum was Royal Bank of Scotland that skidded three per cent as it swung to a third-quarter loss due to a fresh £900 million (RM4.9 billion) provision to settle mis-selling claims.

A notable mid-cap performer was Kaz Minerals that jumped seven per cent after record third-quarter copper production as it ramped up operations at its biggest mines in Kazakhstan.

Woodford Patient Capital Trust, formerly run by high-profile money manager Neil Woodford, jumped 22 per cent as the company appointed asset manager Schroders as its new portfolio manager. — Reuters