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FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT

Credit: REUTERS/PETER NICHOLLS

London's FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain's opposition party vowed to nationalise parts of the telecoms provider.

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FTSE 100 up 0.5%, FTSE 250 up 0.2%

Signs of Sino-U.S. trade deal stoke risk appetite

BT falls on Labour nationalisation pledge

Nov 15 (Reuters) - London's FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain's opposition party vowed to nationalise parts of the telecoms provider.

The main index rose 0.5%, boosted by miners .FTNMX1770 as well as Asia-focused banks HSBC HSBA.L and Prudential PRU.L, after White House economic adviser Larry Kudlow said Washington was getting close to a trade pact with Beijing.

Shares of BT BT.L shed 2%, after Labour leader Jeremy Corbyn said his party would nationalise parts of the company's network if it won power in the Dec. 12 election.

The mid-cap index .FTMC added 0.2% in early deals.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Subhranshu Sahu)

((Shashwat.Awasthi@thomsonreuters.com; within UK: +1 646 223 3403; outside UK: +91 80 61822606, +91 80 37962606;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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