UPDATE 2-FTSE defies Friday the 13th gloom with rebound amid virus fears [Reuters]
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Source: Reuters
UPDATE 2-FTSE defies Friday the 13th gloom with rebound amid virus fears * FTSE 100 advance 1.7%, FTSE 250 down 1.2% * Miners, supermarket chains lead gains on main index * Premier Oil soars on capex cut plans (Adds stock close) By Shivani Kumaresan and Noor Zainab Hussain March 13 (Reuters) - London stocks rose on Friday as moves by policymakers to limit the economic hit from the coronavirus pandemic fuelled a rebound, a day after the worst selloff of the blue chip index since the 1987 “Black Monday” crash. The blue-chip FTSE 100 rose 1.7%, but posted its worst week since the global financial crisis in 2008. Helping the slight move upwards on Friday were miners and supermarket chains. “Having suffered its worst day of trading in more than 30 years the FTSE 100 at least started Friday 13th in positive territory,” said AJ Bell investment director Russ Mould. Global equities were hammered on Thursday after U.S. President Donald Trump shocked investors with a move to restrict travel from
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