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FTSE 100 up as stimulus hopes counter growth worries

Published 06/06/2019, 03:26 PM
Updated 06/06/2019, 03:30 PM
FTSE 100 up as stimulus hopes counter growth worries
UK100
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VOD
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KGF
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GOG
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SBRY
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.4%, FTSE 250 up 0.2%
* Oil majors boost index
* Ex-dividend trading for several stocks limits rise
* Transport firm Go-Ahead surges on mid-caps

June 6 (Reuters) - London's FTSE 100 share index edged
higher on Thursday as investors pinned their hopes on central
banks cutting interest rates in response to fears of a global
recession, although gains were capped by several heavyweight
stocks trading ex-dividend.
By 0715 GMT the FTSE 100 .FTSE was up 0.4% and the mid-cap
FTSE 250 .FTMC had gained 0.2%.
World stock markets, fearful of a global recession, have
been in a state of flux this week, with worries over
Washington's escalating trade tensions with Beijing and Mexico
giving way to hopes that major central banks would provide fresh
stimulus in response.
Oil majors were the biggest boost to London's main index and
all but one of its sectors were in the black in early deals.
Ex-dividend trading, where stocks have passed the day of the
year when they no longer carry the right to the company's next
dividend, led to a 4% loss in Sainsbury SBRY.L , while
Kingfisher KGF.L and Vodafone VOD.L also slipped 2.5%.
In the mid-cap index, transport company Go-Ahead Group
GOG.L raised full-year expectations for its London and
international bus division, sending its shares up 8.3% and
putting them on course for their best day since September 2018.

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