FTSE 100 gains on U.S.-China trade optimism
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100 up 0.7%, FTSE 250 adds 0.5%
Aug 25 (Reuters) - The FTSE 100 rose for a second straight session on Tuesday as a pledge by Washington and Beijing to stand by their Phase-1 trade pact lifted global sentiment, while technology firm Aveva jumped after signing a $5 billion takeover deal.
The export-heavy FTSE 100 .FTSE added 0.7% and the mid-cap FTSE 250 .FTMC 0.5%, with China-reliant miners .FTNMX1770 and Asia-focussed banks HSBA.L STAN.L among the early gainers. Group AVV.L rose 2.3% to the top of the FTSE 100 as it said it would buy OSIsoft, a privately held maker of industrial software used to manage plants and factories, for an enterprise value of $5 billion. Plc AZN.L rose 0.6% after launching a trial for an antibody-based treatment for COVID-19. drugmaker logged its best session in a week on Monday as a report said the U.S. government was considering fast-tracking its experimental vaccine, already among the most advanced vaccine candidates.
Retailer DFS Furniture Plc DFSD.L jumped 13.5% after saying its performance over the last six weeks was significantly above its initial expectations.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or