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FTSE tracks global recovery; Hargreaves gains

FTSE tracks global recovery; Hargreaves gains
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls -
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PETER NICHOLLS(Reuters)
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(Reuters) – London’s main index recovered for the second session running on Thursday as global markets were boosted by a round of Chinese data that soothed some of the growth fears, which had afflicted trading in the past week.

Fund supermarket Hargreaves Lansdown <HRGV.L>, whose shares took a beating in June as nearly a quarter of its clients were exposed to Neil Woodford’s suspended fund, advanced nearly 4% after a forecast-beating rise in full-year assets.

The FTSE 100 <.FTSE>, which has fallen almost 5% since President Donald Trump said he would slap tariffs on more Chinese imports last week, climbed 0.3% by 0715 GMT. The more domestically-focused midcap index <.FTMC> rose 0.6%.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Anil D’Silva)

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