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* FTSE 100 up 0.4%, FTSE 250 rises 0.3%
* Markets look for updates on coronavirus, Fed policy
* McCarthy & Stone down as top investor to cut stake
Jan 29 (Reuters) - UK shares continued their rebound, albeit
in subdued trading, after a steep sell-off earlier this week on
rising fears over the potential impact from the coronavirus,
while dealers also looked ahead to a U.S. Federal Reserve policy
meeting.
The FTSE 100 index .FTSE rose 0.4% and the FTSE 250 index
.FTMC , which slumped more than 2% on Monday, climbed 0.3% on
Wednesday.
The death toll from the China-linked virus has risen to 132.
Investors are still mulling over how the outbreak will affect
the global economy. Meanwhile, the Fed is likely to leave
interest rates unchanged, but may address future headwinds due
to the virus. Overall trading volume was light. McCarthy & Stone MCS.L
slid 5% as its biggest shareholder plans to slash its stake in
the midcap retirement homebuilder.