India, March 5 -- UK stocks are up firmly in positive territory in late morning trade on Wednesday amid easing concerns about U.S. tariffs after comments from some top US officials hinted at possible relief from the planned 25% tariffs on Canadian and Mexican imports.
News about the European Union agreeing to increase spending on defense and infrastructure, and data showing a marginal uptick in UK's services sector activity in the month of February also contribute to the positive sentiment in the market.
Bank and defense stocks are turning in a fine performance. Several stocks from the mining sector are also notably higher.
The benchmark FTSE 100, which climbed to 8,636.15, was up 38.46 points or 0.44% at 8,797.46 a few minutes ago.
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