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FTSE 100 rebounds from 7-week low; Ryanair rises

Published 03/02/2020, 09:23
Updated 03/02/2020, 09:28
© Reuters.  FTSE 100 rebounds from 7-week low; Ryanair rises
UK100
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.2%

* Indexes bounce after sharp sell-off on Friday

* Worries over coronavirus linger

* Ryanair up after raising profit view

Feb 3 (Reuters) - London's main index bounced back on Monday

after hitting a seven-week low in the previous session, when

news of the first cases of the coronavirus in Britain hammered

equities and fanned worries over its impact to the global

economy.

The FTSE 100 .FTSE and the FTSE 250 .FTMC added 0.2% on

Monday. Both indexes had shed more than 3% last month as the

virus outbreak sapped risk appetite.

Stock markets in Britain were a stark contrast to those in

China, where shares plunged in the first trading session

following an extended Lunar New Year break, as the death toll

from the coronavirus epidemic rose to 361 in the Asian country.

London-listed shares of Ryanair Holdings Plc RYA.L jumped

3.6% after the Irish carrier raised its annual profit forecast,

citing a better-than-expected performance over Christmas and New

Year.

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