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London stocks inch higher on signs of global economic rebound

Published 07/03/2020, 03:16 PM
Updated 07/03/2020, 03:20 PM
© Reuters.
UK100
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LAND
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FTMC
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FTNMX501010
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FTNMX405010
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FTUB3510
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.1%, FTSE 250 adds 0.7%

July 3 (Reuters) - UK shares edged higher on Friday and were
set for weekly gains as a pickup in China's services sector
activity in June bolstered hopes of a global economic rebound
from a coronavirus-led downturn.
The export-heavy FTSE 100 .FTSE was up 0.1%, as data
showed China's services sector expanded at its fastest pace in
over a decade last month. Final figures on the UK's services
sector for June are due later in the day. The mid-cap FTSE 250 .FTMC added 0.7%, with financial
.FTUB8600 , real estate .FTUB8600 and construction
.FTNMX2350 stocks among the early advancers.
Travel-related firms .FTNMX5750 gained for a third
straight day as Britain's government said it would lift
quarantine rules for people arriving in England from countries
including Germany, France, Spain and Italy from July 10.
Land Securities LAND.L rose 1.5% to the top of the FTSE
100 as it said like-for-like sales at its shopping centres was
at 80% of the level achieved last year in the two weeks since
non-essential retail reopened in England.

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