UK shares bounce back after trade-driven losses

UK shares bounce back after trade-driven losses
FILE PHOTO: A broker reacts on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
Text size Aa Aa

(Reuters) – London’s FTSE 100 jumped almost 1% on Friday, recouping nearly all its losses from the past two sessions when uncertainty surrounding a U.S.-China trade deal had spurred selling.

The main index’s <.FTSE> surge was led by trade-sensitive scrips, including HSBC <HSBA.L>, oil stocks and miners, <.FTNMX1770> after China attempted to allay fears by saying it would strive to reach a “phase one” deal with the United States.

The FTSE 250 <.FTMC> added 0.4%, bolstered by industrial stocks, but gambling software maker Playtech <PTEC.L> and industrial thread manufacturer Coats Group <COA.L> underperformed due to lackluster annual forecasts.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.