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Brexit hopes, Sino-U.S. interim deal buoy UK shares

Published 16/12/2019, 09:35
© Reuters.  Brexit hopes, Sino-U.S. interim deal buoy UK shares
UK100
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HSBA
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BARC
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LLOY
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FRAS
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FTMC
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FTNMX551030
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.8%, FTSE 250 up 0.4%

* Preliminary trade deal spurs buying

* Positive sentiment around Brexit persists

* Sports Direct jumps after H1 results

Dec 16 (Reuters) - London's main index gained for the fourth

straight session, as investors cheered a preliminary U.S.-China

trade deal and hopes of clarity on Brexit after Prime Minister

Boris Johnson's election win, while the mid-caps hovered near a

record high hit in the previous session.

The FTSE 100 .FTSE was up 0.8% by 0814 GMT, lifted by

trade-exposed stocks such as HSBC HSBA.L and miners

.FTNMX1770 after U.S. Trade Representative Robert Lighthizer

said a "phase-one" deal was "totally done". More domestically focussed blue-chip firms, including banks

such as Barclays BARC.L and Lloyds LLOY.L advanced more than

1% each as sentiment remained upbeat after UK Prime Minister

Boris Johnson stormed to a victory in the general election.

The FTSE 250 .FTMC rose 0.4%, after posting towering gains

on Friday, amid hopes that the path to a Brexit deal would now

be smooth.

An 11% jump in Sports Direct SPD.L after the company

posted an upbeat first-half earnings also supported the index.

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