FTSE 100 set to gain for second week on hopes of Brexit, U.S. stimulus

  • Reuters
  • Stock Market News
FTSE 100 set to gain for second week on hopes of Brexit, U.S. stimulus
Credit: © Reuters.

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* FTSE 100 gains 0.4%, FTSE 250 up 0.3%

Oct 9 (Reuters) - London's FTSE 100 rose on Friday, en route to a second consecutive weekly gain, as hopes of a Brexit deal and U.S. stimulus package eclipsed worries about a fresh surge in COVID-19 cases that risks derailing an economic recovery.

The blue-chip FTSE 100 index .FTSE climbed 0.4%, with mining .FTNMX1770 and oil stocks .FTNMX0530 leading the gains. The mid-cap index .FTMC added 0.3%.

Capping gains, however, was a slower-than-expected growth in Britain's economy in August from July, official data showed on Friday. estate firm British Land BLND.L rose 4.5% to the top of the FTSE 100 after saying it would resume paying dividends in November and that it was in active talks with its tenants over rent payments. ICAP (LON: NXGN ) TCAPI.L , the world's biggest inter-dealer broker, gained 0.9% on furnishing plans to raise about $425 million through a rights issue and agreed to buy electronic trading network Liquidnet Holdings for a revised consideration of between $575 million and $700 million.

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