FTSE 100 rebounds on trade optimism

Published 06/12/2019, 09:36
Updated 06/12/2019, 09:45
© Reuters.  FTSE 100 rebounds on trade optimism
UK100
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ABF
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100, FTSE 250 up 0.4%

* Banks, miners best blue-chip gainers in early deals

* Primark-owner ABF top gainer on main index

* Bluechips on course for worst week in 2 months

Dec 6 (Reuters) - UK blue-chips gained on Friday, bouncing

back from a near two-month low in the previous session, on

optimism over signs of progress in U.S.-China trade talks.

The FTSE 100 .FTSE rose 0.4% by 0808 GMT, with

trade-sensitive financials and miners leading the recovery. The

FTSE 250 midcap index .FTMC was also trading up 0.4%.

U.S. President Donald Trump's comments that the trade talks

were "moving right along" and China's decision to waive imports

tariffs for some soybeans and pork from the United States helped

lift sentiment as a torrid week drew to a close. Among stock moves, Primark-owner Associated British Foods

ABF.L topped the main board with a 2% rise after it maintained

its earnings target with anticipated progress in its sugar and

grocery businesses.

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