(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.9%, FTSE 250 gains 0.4%
Oct 1 (Reuters) - London stocks tracked Asian markets higher
on Thursday as hopes for fresh U.S. stimulus measures bolstered
global investor sentiment, although risks of a new round of
lockdowns due to rising COVID-19 cases in the UK kept gains in
check.
Markets globally held steady after the Trump administration
on Wednesday proposed stimulus measures worth $1.5 trillion,
including a $20 billion aid for the airline industry.
MKTS/GLOB
The blue-chip FTSE 100 index .FTSE climbed 0.9% with
insurance .FTNMX8570 and banking stocks .FTNMX8350 leading
gains, while the mid-cap index .FTMC rose 0.4%.
Aero-engine maker Rolls-Royce RR.L dropped 4.7% after it
said it planned to raise 2 billion pounds ($2.6 billion) from
shareholders, 1 billion pounds from the bond market and secure
further loans to rebuild its balance sheet after the
pandemic. Retailer Halfords HFD.L jumped 10.3% after it raised its
first-half profit outlook as it continued to benefit from a
cycling boom during the pandemic.
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London stocks track Asia higher on U.S. stimulus hopes
Published 01/10/2020, 08:22
Updated 01/10/2020, 08:24
London stocks track Asia higher on U.S. stimulus hopes
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