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London stocks bounce at open after two days of decline

Published 06/10/2020, 03:22 PM
Updated 06/10/2020, 03:30 PM
© Reuters.
UK100
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FTMC
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FTNMX301010
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FTNMX303010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.8%, FTSE 250 up 1.1%

June 10 (Reuters) - London-listed stocks opened higher after
two days of declines on Wednesday, as cyclical stocks gained
ahead of a policy decision by the U.S. Federal Reserve later in
the day.
Banks .FTNMX8350 and life insurers .FTNMX8570 , which
have taken a hit in the last two sessions, led gains among
British stocks in early trading.
Focus remains on the Fed's economic outlook and chairman
Jerome Powell's speech following the release of a policy
statement. The blue-chip FTSE 100 .FTSE gained 0.8%, while British
mid-cap index .FTMC rose 1.1%.

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