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British stocks rise on fresh stimulus hopes, Chinese data

Published 03/09/2020, 08:16
Updated 03/09/2020, 08:18
© Reuters.
UK100
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SASY
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GSK
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FTMC
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FTNMX405010
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FTNMX303010
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.9%, FTSE 250 adds 0.4%

Sept 3 (Reuters) - London shares rose on Thursday as
investors bet on new stimulus measures to drive a faster
post-pandemic economic rebound, while a sustained recovery in
China's services sector also lifted sentiment.
The FTSE 100 .FTSE rose 0.9%, climbing for the second
straight session, with life insurers .FTNMX8570 and travel
stocks .FTNMX5750 leading gains, while the mid-cap index
.FTMC advanced 0.4%
Bank of England Deputy Governor Dave Ramsden on Wednesday
hinted of more liquidity as he warned of higher risks to
Britain's economy from the coronavirus crisis than spelt out by
the central bank last month. In company news, drugmaker GSK GSK.L rose 1% and was among
the biggest boosts to the FTSE 100 after announcing a clinical
trial of a COVID-19 vaccine candidate along with French
drugmaker Sanofi SASY.PA .

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