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FTSE 100 rebounds as housebuilders gain, new virus cases drop

Published 02/19/2020, 04:26 PM
Updated 02/19/2020, 04:32 PM
FTSE 100 rebounds as housebuilders gain, new virus cases drop
UK100
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HSBA
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BP
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SHEL
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HOCM
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BTRW
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PSN
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TW
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FTMC
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FTNMX551030
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BKGH
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.7%, FTSE 250 up 0.3%
* Housebuilders up on bullish HSBC view
* Hochschild Mining leads midcaps

Feb 19 (Reuters) - London's FTSE 100 rebounded in tandem
with global markets on Wednesday as housebuilders advanced after
HSBC upgraded its view on the stocks ahead of a first batch of
results next week, while the number of new coronavirus cases in
China fell.
The FTSE 100 .FTSE added 0.7%, with Berkeley BKGH.L ,
Barratt BDEV.L , Taylor Wimpey TW.L and Persimmon PSN.L
rising between 1.4%-3%.
Miners .FTNMX1770 and oil stocks Shell RDSa.L and BP
BP.L boosted the index. HSBC HSBA.L also rebounded from a
more than 6% slide in the previous session when it reported
lower profit and laid out plans for a strategic overhaul.
The mid-cap FTSE 250 .FTMC gained 0.3%, led by a 6% jump
in Hochschild Mining HOCM.L after it reported 2019 results and
laid out targets for next year.

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