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FTSE gains for 11th day on continued trade optimism

Published 27/12/2019, 09:23
© Reuters.  FTSE gains for 11th day on continued trade optimism
UK100
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BHPB
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FTMC
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FTNMX402020
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GLEN
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.2%, FTSE 250 flat

* Miners lead gains on main board

Dec 27 (Reuters) - London's main index rose for the eleventh

straight session on Friday, as trade-sensitive stocks cheered

further positive signals from the United States and China over

signing a 'phase-one' deal.

The FTSE 100 .FTSE , which is on its best run of gains in

three years, added 0.2% by 0807 GMT. Miners .FTNMX3720

provided the biggest boost, with Glencore GLEN.L and BHP

BHPB.L rising about 2% each.

After news that Washington and Beijing had agreed on terms

of a preliminary deal earlier this month, more optimism came in

the form of comments from both sides suggesting an agreement

will be inked soon. The midcap FTSE 250 .FTMC was flat but hovered close to

its record high, as trading volume remained thin in a

holiday-shortened week.

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