Last checked at 
* FTSE 100 up 0.5%, FTSE 250 up 0.1%
* Vodafone biggest boost to main index
* Electrocomponents weighs on midcaps
(Adds news items, updates to closing prices)
By Shashwat Awasthi and Muvija M
Nov 12 (Reuters) - Renewed hopes of a U.S.-China trade
resolution and a more than 3% rise in shares of telecom giant
Vodafone helped London stocks bounce back on Tuesday after falls
that tracked a downbeat global mood a day earlier.
The FTSE 100 added 0.5%, while the mid-cap index
, which rallied on Monday after Brexit Party chief Nigel
Farage said he would not fight Conservative-held seats in next
month's British election, rose 0.1%.
However, gains for the more domestically-focused mid-cap
index were limited as sterling, which had hit a six-month high
earlier this week driven by political news, weakened during the
day.
Markets rallied last week on signs of a thaw in relations
between Washington and Beijing, but those gains were reeled back
on Monday after U.S. President Donald Trump cast doubt on the
progress of negotiations.
Despite nervousness surrounding the outlook for global
growth, sentiment around the U.S.-China trade rhetoric softened
with two of Wall Street's benchmark indexes scaling record highs
before Trump's speech at the Economic Club of New York on
Tuesday.
Vodafone touched its highest level in a year after
it increased annual profit guidance, reflecting improving
organic growth trends as difficult markets in Spain and Italy
start to ease.
The world's biggest credit check firm Experian
climbed 2.5% after it upgraded its organic revenue growth target
on the back of strong results in its main North American market,
while industrial software company AVEVA added 3.5% after
upbeat earnings report.
Support services company DCC, however, slid 6.2%
after first-half profit dropped as volumes fell at its business
that sells transport fuels and commercial fuels.
Reflecting market's enthusiasm around trade talks, investors
moved away from safe haven gold, leading to a 5% drop in shares
of precious metals miner Fresnillo.
Industrial distributor Electrocomponents weighed
heavily on the mid-cap index, slumping 11% after a
10.4-million-pound writedown in relation to British Steel's
liquidation hit first-half earnings.
Discounter B&M European Value Retail fell 6%, after
it said it was undertaking a review of its German unit to decide
the future of the poorly performing business.
Manufacturing and research company Oxford Instruments
meanwhile jumped 10% after reporting a rise in revenue
and profits for the half year period.
Among small-caps, Premier Foods leapt 9% after its
first-half earnings got a boost from the relaunch of Mr Kipling
cakes last year and strong sales of Nissin noodles.
(Reporting by Shashwat Awasthi and Muvija M in Bengaluru;
Editing by Uttaresh.V and Angus MacSwan)
