UPDATE 1-London's FTSE 100 gains on hopes of stimulus, trade resolution
By Editor - Wed Sep 11, 2:32 am
UK blue-chips edged higher on Wednesday, buoyed by hopes of monetary stimulus from central banks as economic growth slows because of a protracted U.S.-China trade war, while signs of a thaw in the dispute provided some relief to investors. The FTSE 100 was 0.6% higher by 0756 GMT, while the midcap index rose 0.7%. Asia-facing financials and mining heavyweights were powering gains for the main bourse after a report said China will introduce important measures to ease the negative impact of the trade war with United States.
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