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Commodity stocks lift FTSE 100 on upbeat China factory data; Vodafone shines

Published 16/11/2020, 09:13
© Reuters.
UK100
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FTMC
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FTNMX551030
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FTNMX601010
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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 0.6%, FTSE 250 adds 0.9%

Nov 16 (Reuters) - London's FTSE 100 rose on Monday as
commodity stocks jumped on upbeat factory data from China, while
investors awaited progress on a post-Brexit trade deal with the
European Union.
The blue-chip index .FTSE gained 0.6%, with Vodafone Plc
adding 2.4% after the mobile operator said it was increasingly
confident about its full-year performance following a
"resilient" first half. Energy .FTNMX0530 and mining .FTNMX1770 stocks tracked
crude and metal prices higher, as a faster-than-expected growth
in the Japanese economy and better-than-expected Chinese
industrial output added to the enthusiastic mood about an
effective COVID-19 vaccine. MKTS/GLOB O/R MET/L
The domestically focussed mid-cap FTSE 250 .FTMC ,
considered a barometer for Brexit sentiment, advanced 0.9%,
after Britain said on Monday its red lines remained unchanged
but that it wanted to reach a trade deal with the European Union
if the bloc chose to make progress.

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