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London shares bounce on stimulus, recovery hopes; Barratt jumps

Published 07/06/2020, 03:16 PM
Updated 07/06/2020, 03:20 PM
© Reuters.
UK100
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BDEV
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FTMC
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FTNMX301010
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FTNMX501010
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FTNMX303010
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FTNMX401010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 1.9%, FTSE 250 adds 1.5%

July 6 (Reuters) - London-listed shares jumped more than 1%
on Monday as hopes of more stimulus to kickstart a battered
global economy bolstered risk appetite, while homebuilder
Barratt surged after reporting a stronger order book value.
The company BDEV.L rose 4.8% to the top of the FTSE 100 as
it said it was starting the new financial year with "cautious
optimism" after the COVID-19 pandemic halted construction
activity and hit deliveries. The export-laden FTSE 100 .FTSE was up 1.9% and the
mid-cap FTSE 250 .FTMC 1.5%, joining in an Asian rally that
was powered by a surge in China's blue chip stocks even as
soaring U.S. coronavirus cases delayed reopenings. MKTS/GLOB
Auto stocks .FTNMX3350 rose 1.1% as data showed the pace
of declines in new car sales in the UK slowed in June as many
dealerships reopened from a COVID-19 lockdown. Banks .FTNMX8350 , construction stocks .FTNMX2350 and
life insurers .FTNMX8570 were also among the early advancers.


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