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* FTSE 100 up 1.8%, FTSE 250 up 1.7%
June 16 (Reuters) - UK shares jumped at the open on Tuesday
after the U.S. Federal Reserve's move to expand its purchase of
corporate bonds to contain the damage from the COVID-19 pandemic
eased liquidity concerns and boosted hopes of a global economic
recovery.
The Fed said it would start purchasing corporate bonds on
Tuesday through the secondary market corporate credit facility
(SMCCF) to beef up liquidity in the market.
British blue-chip stocks .FTSE jumped 1.8%, with life
insurers .FTNMX8570 among top advancers.
The mid-cap FTSE 250 index .FTMC rose 1.7%, with cinema
operator Cineworld Group Plc 's CINE.L 8.5% surge leading gains
as it said some of its theatres would reopen in the last week of
June and the rest in July.