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FTSE 100 tracks Asia gains on stimulus hopes; banks, miners shine

Published 06/11/2020, 09:33
Updated 06/11/2020, 09:36
© Reuters.

© Reuters.

(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 0.1%, FTSE 250 adds 0.7%

Nov 6 (Reuters) - London's FTSE 100 rose on Friday, tracking
gains in Asia as investors hoped for even more monetary stimulus
to shore up a battered global economy against the backdrop of a
potential policy gridlock in the United States.
The blue-chip FTSE 100 index .FTSE inched 0.1% higher,
helped by banks .FTNMX8350 , insurance .FTNMX8570 , and mining
.FTNMX1770 stocks. The index was set for its best week since
early-June.
The domestically-focussed mid-cap FTSE 250 index .FTMC
rose 0.7% after the European Union Internal Market Commissioner
said there is a "50/50" chance of Britain and the EU securing a
trade-deal. Global stocks eyed an all-time peak while the dollar and
U.S. bond yields stayed sluggish, as U.S. Democrat Joe Biden
edged closer to the White House hours after President Donald
Trump falsely claimed the election was being "stolen" from him.
MKTS/GLOB
In company news, Beazley Plc BEZG.L added 1.6% even as the
specialist insurer flagged an underwriting loss for the year and
reiterated its pandemic-related loss estimate.

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