Commodity, banking stocks push FTSE 100 higher



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* FTSE 100 up 0.6%, FTSE 250 adds 0.3%

Aug 8 (Reuters) - Britain's blue-chip index rose on Monday, boosted by economically sensitive commodity and banking stocks after upbeat U.S. and Chinese economic data eased worries about a recession.

The FTSE 100 .FTSE gained 0.6% and was hovering near its two-month high by 0711 GMT, while the domestically focussed midcap index .FTMC added 0.3%.

Oil majors Shell SHEL.L and BP BP.L rose more than 1%, as crude prices bounced following strong U.S. jobs data and Chinese exports numbers that picked up unexpectedly in July.

Global miners Glencore GLEN.L and Anglo American AAL.L were also up 1%, tracking stronger metal and iron ore prices, while rate-sensitive banks also climbed.

Among other stocks, PageGroup Plc PAGE.L slipped 0.3% even as the global recruiter reported a 79.3% jump in half-year operating profit.

Joules Group JOUL.L soared 24.2% after the fashion group said it was in talks over a potential equity investment of about 15 million pounds ($18.11 million) from retailer Next Plc NXT.L .
Reporting by Sruthi Shankar in Bengaluru

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