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FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT

Published 11/15/2019, 04:20 PM
Updated 11/15/2019, 04:24 PM
FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT
HSBA
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PRU
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BT
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FTMC
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FTNMX551030
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.5%, FTSE 250 up 0.2%
* Signs of Sino-U.S. trade deal stoke risk appetite
* BT falls on Labour nationalisation pledge

Nov 15 (Reuters) - London's FTSE 100 followed global peers
higher on Friday as hopes of an imminent U.S.-China trade deal
were rekindled by comments from a senior U.S. official, while BT
slipped after Britain's opposition party vowed to nationalise
parts of the telecoms provider.
The main index rose 0.5%, boosted by miners .FTNMX1770 as
well as Asia-focused banks HSBC HSBA.L and Prudential PRU.L ,
after White House economic adviser Larry Kudlow said Washington
was getting close to a trade pact with Beijing. Shares of BT BT.L shed 2%, after Labour leader Jeremy
Corbyn said his party would nationalise parts of the company's
network if it won power in the Dec. 12 election. The mid-cap index .FTMC added 0.2% in early deals.

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