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Stock impact report

FTSE 100 inches up ahead of Sino-U.S. trade deal [Reuters (UK)]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Reuters
FTSE 100 inches up ahead of Sino-U.S. trade deal - Reuters 3 Min Read (Reuters) - London’s main index eked out modest gains on Wednesday, hours before the sealing of an initial U.S.-China trade deal, though sentiment was tempered as Washington said tariffs on Chinese goods would not be rolled back immediately. The FTSE 100 .FTSE edged 0.1% higher, supported by housebuilders, after Persimmon ( PSN.L ) forecast annual profit in line with market estimates and said it was in a strong position ahead of the Spring season. Its shares added 2%, while those of peers Barratt ( BDEV.L ) and Taylor Wimpey ( TW.L ) rose more than 1% each. The FTSE 250 .FTMC recouped initial losses to gain 0.1% by 0850 GMT, driven by a 7% jump in subprime lender Provident Financial ( PFG.L ) after its key credit card business enjoyed a better-than-expected fourth quarter. Investors betting on a quick de-escalation of Sino-U.S. tensions were dealt a blow when U.S. Treasury Secretary Steven Mnuchin said tarif Show less Read more
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