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British midcaps gain as investors hope for post-pandemic recovery

Published 07/01/2020, 03:29 PM
Updated 07/01/2020, 03:30 PM
© Reuters.
UK100
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FTMC
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FTNMX601010
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FTNMX404010
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FTNMX401010
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SSPG
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.1%, FTSE 250 adds 0.4%

July 1 (Reuters) - London's mid-cap index inched higher on
Wednesday as investors clung to hopes of more stimulus and a
pickup in economic activity in the second half of the year,
shrugging off concerns about more possible lockdowns following a
surge in COVID-19 cases.
The domestically focussed FTSE 250 .FTMC was up 0.4% after
closing Tuesday with its best quarter in eight years, partly on
the back of historic global monetary and fiscal stimulus. Early
gains were led by the auto .FTNMX3350 , energy .FTNMX0530 and
retail .FTNMX5370 sectors.
The export-heavy FTSE 100 .FTSE dipped 0.1%, tracking
weakness in Asian stocks following a spike in coronavirus
infections. MKTS/GLOB
Upper Crust owner SSP SSPG.L tumbled 3.8% to the bottom of
the FTSE 250 after saying it could cut about 5,000 jobs in a
proposed restructuring of its UK business due to very low
passenger numbers.

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