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FTSE gains for 11th day on continued trade optimism

Published 12/27/2019, 04:23 PM
Updated 12/27/2019, 04:24 PM
FTSE gains for 11th day on continued trade optimism
UK100
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BHPB
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FTMC
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FTNMX402020
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GLEN
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.2%, FTSE 250 flat
* Miners lead gains on main board

Dec 27 (Reuters) - London's main index rose for the eleventh
straight session on Friday, as trade-sensitive stocks cheered
further positive signals from the United States and China over
signing a 'phase-one' deal.
The FTSE 100 .FTSE , which is on its best run of gains in
three years, added 0.2% by 0807 GMT. Miners .FTNMX3720
provided the biggest boost, with Glencore GLEN.L and BHP
BHPB.L rising about 2% each.
After news that Washington and Beijing had agreed on terms
of a preliminary deal earlier this month, more optimism came in
the form of comments from both sides suggesting an agreement
will be inked soon. The midcap FTSE 250 .FTMC was flat but hovered close to
its record high, as trading volume remained thin in a
holiday-shortened week.

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