FTSE near two-month high as Sino-U.S. trade view brightens

FTSE near two-month high as Sino-U.S. trade view brightens
FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
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(Reuters) – London’s FTSE 100 advanced for a fourth straight session and hit a near two-month high on Wednesday as several heavyweight components cheered the prospect of an interim U.S.-China trade deal.

The main index <.FTSE> added 0.4%, as Asia-focussed HSBC <HSBA.L> and miners <.FTNMX1770> gained after U.S. President Donald Trump said Washington and Beijing were close to a “phase one” trade agreement.

The FTSE 250 <.FTMC> edged 0.1% lower, as publisher Future Plc <FUTR.L> weighed with a 12% slide after a discounted share placing. The index, however, still hovered around a near 15-month high it scaled earlier this week.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Shailesh Kuber)

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