• FTSE 100 up 0.3%, FTSE 250 adds 0.2%
• Industrial metal miners lead broad gains
• Hargreaves Landsdown agrees to takeover deal, shares rise

Aug 9 (Reuters) - London's FTSE 100 inched higher on Friday, as better-than-expected U.S. jobs data allayed fears of recession in the world's top economy, while industrial metal miners further boosted recovery.

The blue-chip FTSE 100 index (.FTSE) , opens new tab was up 0.3%, while the mid-cap FTSE 250 (.FTMC) , opens new tab rose 0.2% by 0709 GMT.

However, both indexes are set to post weekly declines for a second straight week.

Data showed on Thursday that weekly U.S. jobless claims fell more-than-expected, suggesting that fears of an unravelling labor market were overblown and allayed some fears of a potential U.S. recession.

Weak economic data last week spurring recession fears in the U.S. and the unwinding of Japan's yen carry trade triggered a battering sell-off across stock markets on Monday.

On Friday, industrial metal miners (.FTNMX551020) , opens new tab led gains in London, rising 1.9% rise, as copper prices rebounded and base metals rose supported by rate-cut hopes and better-than-expected U.S. data.

Rate sensitive real estate investment trusts (.FTNMX351020) , opens new tab and real estate sectors (.FTUB3510) , opens new tab also moved up 1%, each.

Energy (.FTNMX601010) , opens new tab and precious metal miners (.FTNMX551030) , opens new tab also gained 0.4% and 0.8%, respectively, as oil prices rose and gold stabilized.

On the flip side, personal care, drugs and grocery stocks (.FTNMX452010) , opens new tab led declines, down 0.4%.

Investors are looking forward to next week, packed with inflation data both in the U.S. and the UK, alongside Britain's gross domestic product numbers.

Among other stocks, Hargreaves Lansdown (HRGV.L) , opens new tab gained 1.8%after the investment platform agreed to a 5.44 billion pound ($6.94 billion) takeover by a consortium.

Beazly (BEZG.L) , opens new tab was the top gainer on the FTSE 100 for a second session in a row, rising 2.3%, after jumping more than 10% on Thursday.

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https://www.reuters.com/markets/europe/ftse-100-inches-higher-miners-gain-us-jobs-data-allays-recession-fears-2024-08-09/