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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
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CAL
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FTMC
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FTNMX551030
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GMS
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(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.

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