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London stocks join global rally on recovery hopes; eyes on Brexit

Published 12/16/2020, 04:11 PM
Updated 12/16/2020, 04:20 PM
© Reuters.
UK100
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FTMC
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SDRY
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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 0.4%, FTSE 250 adds 0.3%

Dec 16 (Reuters) - London-listed shares followed global
markets higher on Wednesday as optimism around working
coronavirus vaccines raised hopes of an economic recovery, while
investors also held out for a Brexit trade deal.
The blue-chip FTSE 100 index .FTSE was up 0.4% by 0804
GMT, led by energy, healthcare and mining stocks, with the MSCI
world index tracking overnight gains on Wall Street. MKTS/GLOB
The domestically focussed FTSE 250 index .FTMC gained 0.3%
and was on course to rise for a third straight session even as
Prime Minister Boris Johnson warned the most likely outcome of
trade negotiations with the European Union would be a no-deal
Brexit. In company news, fashion retailer Superdry SDRY.L jumped
3.8% as it said interim Chief Executive Officer Julian Dunkerton
would take the top job on a permanent basis and appointed
industry veteran Silvana Bonello as its chief operating officer.

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