FTSE 250 movers: Burberry, WoS gain on US-China deal.


FTSE 250 (MCX) 21,652.52 0.83%

Source: Sharecast

London stocks were still firmer by midday on Friday as optimism over a US-China trade deal and US rate cut hopes boosted sentiment.

The mood was lifted as it emerged that the US and China have taken a significant step towards securing a long-term trade deal after agreeing details of a trade framework.

In a statement, a spokesperson for the Chinese Ministry of Commerce said Beijing would "review and approve eligible applications for export of controlled items in accordance the law", while the US would cancel unspecified restrictions.

Donald Trump, meanwhile, said on Thursday "we just signed with China yesterday", although he did not provide any details.

A White House official later clarified that the two countries had "agreed to an additional understanding for a framework to implement the Geneva agreement", referring to the talks held in Switzerland last month.

The news boosted China-exposed stocks such as Burberry and Watches of Switzerland.

Hochschild and Endeavour Mining all fell in tandem with weaker gold prices.

Market Movers



FTSE 250 - Risers

Kier Group (KIE) 214.50p 6.98%
RHI Magnesita N.V. (DI) (RHIM) 2,960.00p 5.15%
Burberry Group (BRBY) 1,129.00p 5.12%
Genus (GNS) 2,065.00p 5.04%
Renishaw (RSW) 2,925.00p 3.54%
Watches of Switzerland Group (WOSG) 409.40p 3.18%
IP Group (IPO) 52.30p 3.16%
Serco Group (SRP) 205.00p 3.02%
Marshalls (MSLH) 275.50p 2.99%
Bakkavor Group (BAKK) 225.00p 2.97%

FTSE 250 - Fallers

Indivior (INDV) 981.50p -2.63%
Chemring Group (CHG) 562.00p -2.60%
Endeavour Mining (EDV) 2,214.00p -2.55%
Hochschild Mining (HOC) 252.00p -2.48%
Ithaca Energy (ITH) 158.30p -1.80%
Computacenter (CCC) 2,522.00p -1.79%
Baltic Classifieds Group (BCG) 363.00p -1.49%
Aston Martin Lagonda Global Holdings (AML) 80.25p -1.47%
Energean (ENOG) 883.50p -1.28%
QinetiQ Group (QQ.) 503.50p -1.18%

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