London stocks track Asian gains on vaccine optimism

  • Reuters
  • Stock Market News
London stocks track Asian gains on vaccine optimism
Credit: © Reuters.

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* FTSE 100 up 0.7%, FTSE 250 adds 0.3%

Oct 19 (Reuters) - London stocks tracked gains in Asian markets on Monday as investors bet on a COVID-19 vaccine before the end of the year, although concerns over tougher business restrictions in the UK kept demand for risky assets in check.

The blue-chip FTSE 100 .FTSE rose 0.7%, led by gains in banking .FTNMX8350 , insurance .FTNMX8570 , and aero .FTNMX2710 stocks, while the domestically-focussed mid-cap FTSE 250 index .FTMC added 0.3%.

Asian markets advanced toward a recent 2-1/2-year peak, also powered by hopes of a U.S. fiscal package. MKTS/GLOB

Investor focus is also on Brexit-related news, with Britain and the European Union set to revive negotiations on a post-Brexit trade deal later in the day. company news, Amigo Holdings Plc AMGO.L tumbled 25.3% after saying it had entered an Asset Voluntary Requirement (AVR) with Britain's financial watchdog, meaning the subprime lender will need approval to transfer assets outside of the group.

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