India, May 12 -- U.K. stocks are modestly higher on Monday, with weak healthcare and defence stocks offsetting positive news about U.S-China trade progress, and a firm display by stocks from banking sectors.
Investors are also looking ahead to some crucial UK economic data this week, including reports on first-quarter GDP, industrial output, unemployment, and trade balance.
Following negotiations in Switzerland over the weekend, the U.S. and China struck a deal to suspend tariffs for 90 days and slash rates going forward.
As per the announcement by the two countries, the U.S. tariffs on Chinese goods will fall to 30% from 145% while Chinese duties on U.S. imports will fall to 10% from 125%.
The benchmark FTSE 100 was up 44.10 points or ...