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London stocks track Asian gains on vaccine optimism

Published 19/10/2020, 08:23
© Reuters.
UK100
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FTMC
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FTNMX502010
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FTNMX301010
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FTNMX303010
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AMGO
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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 0.7%, FTSE 250 adds 0.3%

Oct 19 (Reuters) - London stocks tracked gains in Asian
markets on Monday as investors bet on a COVID-19 vaccine before
the end of the year, although concerns over tougher business
restrictions in the UK kept demand for risky assets in check.
The blue-chip FTSE 100 .FTSE rose 0.7%, led by gains in
banking .FTNMX8350 , insurance .FTNMX8570 , and aero
.FTNMX2710 stocks, while the domestically-focussed mid-cap
FTSE 250 index .FTMC added 0.3%.
Asian markets advanced toward a recent 2-1/2-year peak, also
powered by hopes of a U.S. fiscal package. MKTS/GLOB
Investor focus is also on Brexit-related news, with Britain
and the European Union set to revive negotiations on a
post-Brexit trade deal later in the day. In company news, Amigo Holdings Plc AMGO.L tumbled 25.3%
after saying it had entered an Asset Voluntary Requirement (AVR)
with Britain's financial watchdog, meaning the subprime lender
will need approval to transfer assets outside of the group.

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