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FTSE inches up after two sessions in the red

Published 17/02/2020, 09:28
© Reuters.  FTSE inches up after two sessions in the red
UK100
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FTMC
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NMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 up 0.3%, FTSE 250 up 0.2%

* NMC at bottom of bluechips as founder steps down

* Stimulus measures from China lift sentiment

Feb 17 (Reuters) - London's FTSE 100 recovered from two

sessions of losses on Monday, as China's moves to counter the

economic impact of the coronavirus epidemic soothed some of the

nerves which have dominated the past fortnight's trading.

The FTSE 100 .FTSE climbed 0.3%, with all sectors in

positive territory, while the midcap index .FTMC rose 0.2% by

0805 GMT.

NMC Health NMC.L , which has been the target of a Muddy

Waters' short-selling attack since December, gave up another

3.2% after the hospital operator said its founder B.R. Shetty

has resigned as non-executive chairman.

The number of reported new cases of coronavirus in China's

Hubei province, the epicentre of the outbreak, fell for two

consecutive days before rising again on Monday. China's central bank cut the interest rate on its medium

term loans on Monday as it seeks to safeguard the economy from

the impact of the virus, which has killed 1,770 people and led

to widespread moves in and outside China to halt its spreading.

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