* FTSE 100, FTSE 250 up 0.3%
* Mondi reverses course to close higher
* Miners biggest boost to main index
* FTSE 100 confirms "Death Cross" pattern
(Adds company news items, updates share moves, changes analyst comments)
By Muvija M and Shashwat Awasthi
Oct 10 (Reuters) - London stocks finished a roller coaster session
on Thursday with gains as domestic companies rose after Britain and
Ireland said they saw a pathway to a Brexit deal, and international
names jumped on to a global rally over hopes of a U.S.-China trade truce.
The FTSE 100 ended 0.3% higher, after flipping back and forth
during the day on mixed signals over the state of affairs between
Beijing and Washington, while the midcap index that has a greater UK
exposure also rose by the same level.
However, a more than 1% surge in sterling on renewed prospects of
a Brexit agreement kept a lid on gains for the blue-chip bourse, which
earns a sizeable portion of its earnings in the U.S. dollar.
Spirits company Diageo , consumer goods giant Unilever and
AstraZeneca were among stocks hammered the most, causing the FTSE
100 to lag other major indexes.
Stocks vulnerable to a hit from Brexit, on the other hand,
overpowered those losses. Lloyds topped the main board with a 4%
leap, while Royal Bank of Scotland added 3%.
Mining heavyweights, which rely on world's top metals consumer
China for a chunk of their profits, were the biggest sector-wise boost
to the main bourse, climbing 2.5% - their most since early August.
Gains were triggered as hopes of a resolution to a painfully long
trade war returned after U.S. President Donald Trump said he will meet
Chinese Vice Premier Liu He on Friday.
The comments were well received, given they came after sentiment
had turned sour following a report that Beijing has urged Washington
to stop unreasonable pressure on Chinese companies.
On news-related moves, FTSE 100 component Mondi reversed
earlier losses to close 2% higher after a third-quarter update, while
homewares retailer Dunelm slumped 10% to the bottom of the midcap
index after it flagged a softer market.
Still, reflecting recent worries over trade and Brexit, the FTSE
100 confirmed a "Death Cross" pattern as its 50-day moving
average (DMA) crossed below the 200 DMA, which is seen a warning sign
that more losses are likely in the near term.
The blue-chip bourse last formed the pattern roughly a year ago
when Brexit negotiations and Italy's budget deficit had hit risk
"The ebb and flow of sentiment around U.S., China trade
continues to pull global stock markets from pillar to post," CMC
Markets' Michael Hewson wrote.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by
Bernard Orr and Giles Elgood)
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