(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 1.5%, FTSE 250 adds 1.5%
Nov 9 (Reuters) - London's FTSE 100 jumped on Monday as
investors cheered Joe Biden's U.S. election victory on hopes of
more monetary stimulus and calmer global trade, while also
awaiting progress on a Brexit deal with the European Union.
The blue-chip FTSE 100 index .FTSE added 1.5% to touch its
highest level since Oct. 14, with Taylor Wimpey Plc TW.L
surging 9.2% after the homebuilder said it was on track to
deliver annual results above market expectations. The wider homebuilding .FTNMX3720 sub-index rose 2.1%.
The domestically focussed mid-cap FTSE 250 gained 1.5% after
Prime Minister Boris Johnson said on Sunday a Brexit trade deal
was "there to be done", suggesting his view that the agreement's
broad outline was already "pretty clear" was shared in Brussels.
In company news, On The Beach Group Plc OTB.L fell 3.4%
after the holiday package provider warned of a hit to seat
capacity due to England's four-week ban on international leisure
travel.
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FTSE 100 rises to near one month-high after Biden's U.S. election victory
Published 09/11/2020, 09:16
Updated 09/11/2020, 09:18
FTSE 100 rises to near one month-high after Biden's U.S. election victory
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