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London stocks track Asia gains, no-deal Brexit fears simmer

Published 09/12/2020, 09:08
Updated 09/12/2020, 09:12
© Reuters.
UK100
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TSCO
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FTMC
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(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 0.3%, FTSE 250 adds 0.2%

Dec 9 (Reuters) - London-listed shares followed Asian
markets higher on Wednesday on hopes that working COVID-19
vaccines would speed up economic recovery, although fears of a
no-deal Brexit capped gains on the mid-cap index.
The blue-chip FTSE 100 .FTSE was up 0.3% by 0802 GMT, led
by financial, energy and consumer discretionary stocks, as Asian
shares hit a record high following positive vaccine news.
MKTS/GLOB
The domestically focussed FTSE 250 .FTMC , considered a
barometer of Brexit sentiment, rose 0.2%.
Prime Minister Boris Johnson heads to Brussels on Wednesday
for dinner with European Commission President Ursula von der
Leyen in a last ditch attempt to avoid a tumultuous no-trade
deal Brexit in three weeks' time. In company news, retailer Tesco TSCO.L rose 1.9% as it
said all conditions had been satisfied for the $10.6 billion
sale of its businesses in Thailand and Malaysia to C.P. Retail
Development Co.

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