November 15, 2019 / 8:21 AM / 24 days ago

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

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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 as well as Asia-focused banks HSBC and Prudential, after White House economic adviser Larry Kudlow said Washington was getting close to a trade pact with Beijing.

Shares of BT 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 added 0.2% in early deals. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Subhranshu Sahu)

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