London (AFP) - London shares advanced Thursday, with the mining sector was stimulated by the rise in raw material prices, as investors expected the economic growth of the United States vital data.
The benchmark FTSE 100 added 0.40% to 5,893.47 points in midday trade.
Later in the day, investors will evaluate the second official estimate of growth for the U.S. in the first quarter.
"All eyes be on the preliminary to the first domestic product quarter gross (GDP), reading", said the trader selling Ben Critchley trade firm IG Index.
Most analysts predict a revision upward from the initial reading of 1.8%.
"Expectations are for the figure be revised on the increase, which would certainly help to quell negative sentiment which has been devoting the markets this week," said Critchley.
"Investors hope that this, with a sustained increase in price of raw materials, can help restart another rally equities."
However, he warned that markets might hit the back up because "the European debt crisis (is) far resolved."
Investors remain worried by the debt of the Greece in the uncertainty on how the nation's short financial problems could be solved.
In early Asian trade, markets mainly bounces as collected dealers stocks undervalued after a recent sell-off while the first gain for the Dow Jones index in three days has also provided some support.
Resource companies were among those who arrived in mind that the prices of raw materials has begun to increase, with oil rallying after Goldman Sachs and Morgan Stanley high their 2012 forecasts for Brent fees to $ 130 per barrel.
Wall Street posted modest gains Wednesday, snapping a losing stria of three days, the market have proven resistant to disappointing manufacturing data. The Dow Jones index has increased from 0.31%.
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