FTSE gains on bright trade view; gambling cos slip
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100 up 0.1%, FTSE 250 up 0.2%
* U.S., China give positive feelers ahead of deal signing
* Gambling stocks fall on rule banning credit card use
Jan 14 (Reuters) - London's main index rose on Tuesday fueled by optimism about the signing of a Phase 1 U.S.-China trade deal, while gambling firms slipped after Britain banned consumers from using credit cards to gamble.
Ahead of the interim trade deal, markets were treated to news that China would ramp up purchases of cars, aircraft and energy supplies from the U.S. as part of the deal. Separately, Washington said Beijing should no longer be designated a currency manipulator. FTSE 100 .FTSE added 0.1%. The FTSE 250 .FTMC rose 0.2%, driven by an 8% surge in building materials firm Grafton GFTU_u.L after an upbeat trading update.
Trading lower were gambling firms GVC GVC.L , Flutter Entertainment FLTRF.L , 888 888.L and William Hill WMH.L , which fell between 2% and 3.6% on Britain's new rule designed to prevent consumers from building up too much debt.
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