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Energy, bank stocks lift FTSE 100 as virus concerns weigh

Published 11/11/2020, 09:23
Updated 11/11/2020, 09:24
© Reuters.
BAES
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FTMC
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FTNMX301010
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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 0.5%, FTSE 250 adds 0.5%

Nov 11 (Reuters) - London's FTSE 100 rose on Wednesday,
extending a rally of more than 6% this week as energy and bank
stocks jumped on hopes of a COVID-19 vaccine, although concerns
over surging coronavirus cases limited gains.
The blue-chip FTSE 100 index gained 0.5%, while the
domestically focussed mid-cap FTSE 250 .FTMC advanced 0.5%.
Energy .FTNMX0530 and banks .FTNMX8350 stocks rose 2.3%
and 1.3%, respectively. O/R
An opinion poll showed almost two-thirds of Britons said
they would get vaccinated for COVID-19, but young people are far
more likely to refuse a jab than older people, even as Britain
reported 532 new coronavirus-deaths on Tuesday, its highest
since May. Defence company BAE Systems Plc BAES.L rose 1.7% after it
slightly raised its profit outlook, saying demand for its
capabilities remained high and orders for military kits this
year had exceeded its expectations.

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