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London stocks track Asia rally on recovery hopes

Published 07/13/2020, 03:26 PM
Updated 07/13/2020, 03:30 PM
UK100
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FTMC
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FTNMX405010
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FTNMX551030
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FTNMX601010
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.1%, FTSE 250 adds 1.2%

July 13 (Reuters) - UK stocks jumped 1% on Monday as
investors bet on a stimulus-led economic revival, with focus
also turning to the U.S. quarterly earnings season for signs of
a pickup in activity following the easing of coronavirus
lockdowns.
The blue-chip FTSE 100 .FTSE was up 1.1%, with fewer than
10 stocks in the red in early trading, while the mid-cap FTSE
250 .FTMC added 1.2%, led by travel .FTNMX5750 , energy
.FTNMX0530 and mining .FTNMX1770 stocks.
Asian shares also began the week on an optimistic note,
climbing toward five-month peaks even as some U.S. states
reported record new COVID-19 cases. MKTS/GLOB
Meanwhile, Brexit negotiations are back in focus with
Britain urging businesses and individuals to prepare for the
Dec. 31 end of the transition period. Cabinet Minister Michael
Gove said on Sunday progress was being made in talks, but there
were still divisions.

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