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The U.K.’s FTSE 100 rose Tuesday as Vodafone Group PLC surged on a well-received earnings report, but mining stocks ended in the red after a downbeat outlook for iron-ore prices.┬áThe FTSE 100 closed up 0.2% at 6,627.40, marking the index’s fifth gain in a row.

Shares of Vodafone (VOD) kept their position as the benchmark’s top gainer, climbing 5.4% after the telecoms giant said performance across its key European markets is showing improvement.

Among other top performers, shares of Land Securities Group PLC rose 2.3% after the commercial property company said its adjusted net asset value rose 11.5% in the first half.

But a decline among mining stocks limited the FTSE 100’s gain as Citi downgraded its view on iron ore prices. It expects an average price of $74 a metric ton in the first quarter of 2015, then a drop to $60 a metric ton in the third quarter and “briefly dipping into the $50s.” It foresees annual average prices of $65 a metric ton in 2015 and 2016.

Shares of Anglo American PLC fell 1.4%, Rio Tinto PLC lost 1.3%, and BHP Billiton PLC fell 1%.

There is likely to be “a further deterioration in [Chinese] steel demand in Q1 on the back of extremely tight credit conditions in 2Q14 (typically there is a six month lag to steel demand), slowing of manufacturing export growth, and the government prioritizing reform over short-term growth,” wrote Citi analyst Ivan Szpakowski in a Tuesday note.

In other U.K. developments on Tuesday, the Financial Conduct Authority said charges from payday lenders including interest and fees may not exceed 0.8% a day of the amount borrowed by its customers. Also, default fees cannot be more than GBP15 ($23.80) and customers shouldn’t pay back more than twice the amount borrowed. The new rules will take effect in January, and may result in only a “few” payday lenders surviving, FCA chief Martin Wheatley told the BBC.

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Governments are in trouble, reform efforts have stalled, unemployment is climbing. the news from the eurozone is bleak. And investors are fleeing. But that’s a mistake: The worse the economic data from Europe get, the more you should be buying. Why? Because actions by the ECB will boost asset prices and the stock market in particular. And, big exporters can grow sales. Lower costs and steady sales translate into higher profits and dividends. Join us for an evening of cocktails and conversation to explore these opportunities.