British stocks rise on fresh stimulus hopes, Chinese data

By anaafrica On Sep 3, 2020

*FTSE 100 up 0.9%, FTSE 250 adds 0.4%. The FTSE 100 rose 0.9%, climbing for the second straight session, with life insurers and travel stocks leading gains, while the mid-cap index advanced 0.4%. In company news, drugmaker GSK rose 1% and was among the biggest boosts to the FTSE 100 after announcing a clinical trial of a COVID-19 vaccine candidate along with French…

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* FTSE 100 up 0.9%, FTSE 250 adds 0.4%

Sept 3 (Reuters) – London shares rose on Thursday asinvestors bet on new stimulus measures to drive a fasterpost-pandemic economic rebound, while a sustained recovery inChina’s services sector also lifted sentiment.

The FTSE 100 rose 0.9%, climbing for the secondstraight session, with life insurers and travelstocks leading gains, while the mid-cap indexadvanced 0.4%

Bank of England Deputy Governor Dave Ramsden on Wednesdayhinted of more liquidity as he warned of higher risks toBritain’s economy from the coronavirus crisis than spelt out bythe central bank last month.

In company news, drugmaker GSK rose 1% and was amongthe biggest boosts to the FTSE 100 after announcing a clinicaltrial of a COVID-19 vaccine candidate along with Frenchdrugmaker Sanofi.(Reporting by Shashank Nayar in Bengaluru; Editing bySubhranshu Sahu)