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British mid-caps rise on Brexit deal hopes

Published 17/12/2020, 09:12
© Reuters.
UK100
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BP
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WPP
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RDSa
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FTMC
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.4%, FTSE 250 adds 0.3%

Dec 17 (Reuters) - London's mid-cap index rose on Thursday
as investors awaited a post-Brexit trade deal to avoid a messy
exit for the UK from the European Union, while higher oil prices
helped lift the commodity-heavy FTSE 100.
The domestically focussed FTSE 250 index .FTMC , considered
a barometer for Brexit sentiment, rose 0.3% and looked set to
gain for a fourth straight session.
The blue-chip FTSE 100 .FTSE added 0.4% as oil prices hit
a nine-month high after a fall in U.S. inventory and on optimism
over a U.S. stimulus package. O/R
Oil majors BP BP.L and Royal Dutch Shell RDSa.L were
among the biggest boosts to the index.
The European Union's chief executive said Brexit talks have
moved closer to sealing a new trade deal but it was still
unclear if they would succeed with just over two weeks left for
Britain's transition period out of the bloc to expire.
All eyes will be on a Bank of England meeting later in the
day where the central bank is expected to keep its policy
unchanged. WPP WPP.L , the world's biggest advertising company, jumped
2.7% after saying it expected to return to its 2019 level of net
sales by 2022.

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