United Kingdom: FTSE 100 Rises on Tuesday.

The FTSE 100 rose 0.3% on Tuesday, supported by strong gains in banks and mining stocks, partly reflecting a catch up move after the Bank Holiday. Banks advanced across the board, with HSBC up 1.1%, Lloyds Banking Group 1.8%, Barclays 1.6%, NatWest 2.1% and Standard Chartered 1.8%. Mining shares also rallied, with Rio Tinto rising 2%, Glencore 3.2%, Anglo American 2.4%, Antofagasta 3.6%, Fresnillo 1.3% and Endeavour Mining 3.3%. Kingfisher rose more than 2% after a trading update. In contrast, energy majors weighed on the index, with Shell and BP among the biggest drags, as BP fell more than 4% following news that chair Albert Manifold was removed immediately after governance and conduct concerns were raised by the board. Economic data showed UK shop price inflation rose to 1.2% year-on-year in May according to the British Retail Consortium, while food inflation eased slightly to 2.7%.