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FTSE 100 gains on U.S.-China trade optimism

Published 25/08/2020, 08:11
© Reuters.
UK100
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HSBA
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AZN
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STAN
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AVV
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FTMC
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FTNMX551030
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DFSD
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* FTSE 100 up 0.7%, FTSE 250 adds 0.5%

Aug 25 (Reuters) - The FTSE 100 rose for a second straight
session on Tuesday as a pledge by Washington and Beijing to
stand by their Phase-1 trade pact lifted global sentiment, while
technology firm Aveva jumped after signing a $5 billion takeover
deal.
The export-heavy FTSE 100 .FTSE added 0.7% and the mid-cap
FTSE 250 .FTMC 0.5%, with China-reliant miners .FTNMX1770
and Asia-focussed banks HSBA.L STAN.L among the early
gainers. Aveva Group AVV.L rose 2.3% to the top of the FTSE 100 as
it said it would buy OSIsoft, a privately held maker of
industrial software used to manage plants and factories, for an
enterprise value of $5 billion. AstraZeneca Plc AZN.L rose 0.6% after launching a trial
for an antibody-based treatment for COVID-19. The drugmaker logged its best session in a week on Monday as
a report said the U.S. government was considering fast-tracking
its experimental vaccine, already among the most advanced
vaccine candidates.
Retailer DFS Furniture Plc DFSD.L jumped 13.5% after
saying its performance over the last six weeks was significantly
above its initial expectations.

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