FTSE 100 rises as U.S.-China trade deal nears; midcaps outshine [Reuters (UK)]
UNITED UTIL GRP S/ADR PLC (UUGRY)
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Source: Reuters
FTSE 100 rises as U.S.-China trade deal nears; midcaps outshine - Reuters 3 Min Read (Reuters) - London’s main index gained on Monday, in step with global peers, as investors took heart from the imminent signing of a Phase 1 U.S.-China trade deal, while hopes of further interest rate cuts by the Bank of England helped the midcaps outperform. The FTSE 100 .FTSE added 0.4%, touching its highest level so far this year, as trade hopes were complemented by easing Middle East tensions. The FTSE 250 .FTMC outshone the blue-chips and the European benchmark with a 1% rise and was headed for its best day since Jan. 2. A Bank of England policymaker said over the weekend that he would vote for policy easing later this month unless economic data improved significantly. “One senses the bank doesn’t want to get behind the curve and is seeking to get a jump on markets whilst still teeing up the (interest rate) cut,” Markets.com analyst Neil Wilson said. The midcaps were also boosted by a 9% surge in
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