* FTSE 100, FTSE 250 both up 0.2 pct
* Ryanair weak after Q3 report
* Ferrexpo worst mid-cap faller (Updates to closing prices, adds PMI data)Feb 4 (Reuters) - London's blue-chip stocks climbed to theirhighest in more than two months on Monday as gains in oil sharesand consumer staples offset deep losses in miners, while airlineRyanair slumped after a disappointing quarterly report.
The FTSE 100 index edged 0.2 percent higher to itshighest since Dec. 4, extending a five-day winning streak, afterthe U.S. Fed's cautious stance last week and consensus-bustingU.S. jobs data boosted confidence.But some gains in the exporter-heavy index evaporated as thepound handed back initial losses, while the more domesticallyfocussed mid-cap index ended with a 0.2 percent gain.Sterling gained after a newspaper reported that goodsshipped to Britain from the European Union could be wavedthrough without checks in the event of a "no-deal" Brexit. On Wall Street, stocks edged higher thanks to a boost fromtechnology shares ahead of Alphabet's results, while declines inhealthcare and energy stocks weighed. In contrast, British oil majors Shell and BP held on to gains and provided the most support for the mainbourse as crude prices earlier hit their highest so far thisyear on OPEC-led supply cuts and U.S. sanctions againstVenezuela's petroleum industry. Cyclicals, such as miners, and dollar earners led the fallswhile consumer staples such as Unilever , Diageo - which are considered safe havens in times of economic andgeopolitical stress - were in favour.
Miners broke a seven-day winning streak andsuffered their worst one-day fall in more than 10 days as copperprices fell on concerns about slowing factory activity in China,which is the world's biggest industrial metals consumer.
London-listed shares in Ryanair shaved some of theday's losses to end down 2.3 percent after Europe's biggestbudget airline blamed falling fares for its quarterly loss andwarned that overcapacity was likely to continue to pressureprices. On the midcaps, iron ore pellet producer Ferrexpo slumped 8 percent after it said its auditors received bankstatements from a charity, which was set up mainly to coordinateits corporate social responsibility programme, that contained"as yet unexplained discrepancies".
Ferrexpo was the worst mid-cap faller, ending the day withsteepest one-day decline in six months.In single stock moves, supermarket chain Morrisons advanced nearly 2 percent to be among best FTSE 100 performersafter Citigroup raised the rating to "neutral".Meanwhile, the broader picture remained bleak with multipledownbeat data from the world's fifth-largest economy.A survey by accountants Deloitte found that major Britishbusinesses' appetite to take on financial risk has fallen to itslowest level in nearly a decade due to fears of "the hardest ofBrexits" and rising U.S. protectionism. Growth in Britain's construction industry also dipped inJanuary to its weakest in 10 months as Brexit uncertaintydragged on commercial building work, another survey showed. Worries about Brexit were exacerbated by Nissan'sannouncement over the weekend that it had scrapped plans tobuild its new X-Trail SUV in Britain, and its warning thatuncertainty over Britain's departure was making it harder toplan for the future. "The Nissan cancellation was a blow and reflects theunderlying reality that Brexit uncertainty inexorably impactsmedium/longer-term business confidence and hence relatedinvestments," said Raymond James analyst Chris Bailey.
(Reporting by Muvija M in BengaluruEditing by Andrew Heavens and Pritha Sarkar)