🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

London's FTSE 100 advances on hopes of monetary stimulus

Published 09/11/2019, 03:28 PM
Updated 09/11/2019, 03:30 PM
London's FTSE 100 advances on hopes of monetary stimulus
UK100
-
CAL
-
FTMC
-
FTNMX551030
-
GMS
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.4%, FTSE 250 up 0.3%
* Financials, miners lead gains
* GMS drops after delaying results

Sept 11 (Reuters) - UK blue-chips edged higher on Wednesday,
buoyed by hopes of monetary stimulus from central banks as
economic growth slows due to a prolonged trade war, while signs
of a thaw in U.S.-China trade dispute also lifted sentiment.
The FTSE 100 .FTSE was 0.4% higher by 0713 GMT, while the
midcap index .FTMC was up 0.3%.
Asia-facing financials and mining heavyweights .FTNMX1770
were powering gains for the main bourse after a report that
China will introduce important measures to ease the negative
impact of the trade war with United States.
Another news working in favour of multinational stocks was a
move from China to exempt 16 types of U.S. products from
additional retaliatory tariffs. Smaller companies recorded some sharp moves in early deals,
with Capital & Regional CAL.L jumping 15% after the company
said Growthpoint Properties was in talks to buy a majority stake
and Gulf Marine Services GMS.L plunging 13% after delaying
results.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.