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Rio Tinto update boosts miners as markets await inflation data

Inflation data due at 9:30am London time

Rio Tinto update boosts miners as markets await inflation data

UK stocks rose for a second straight day on Wednesday, boosted by a strong performance in the basic resources sector after an upbeat trading update from mining giant Rio Tinto, MarketWatch reports.

Traders were also waiting for UK inflation data due at 9:30am London time, which could weaken or strengthen the case for a Bank of England interest-rate rise next month.

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