UK midcaps close at two-week high as Bluechips stifled by healthcare, miners | Malay Mail

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LONDON, July 22 ― London midcap stocks tracked European markets higher yesterday after bumper stimulus measures from the European Union, while a slight pull-back in the healthcare sector on uncertainty over a coronavirus vaccine weighed on the blue-chip index. The mid-cap FTSE 250 closed 0.7 per...

Wednesday, 22 Jul 2020 07:51 AM MYT

The mid-cap FTSE 250 closed 0.7 per cent higher at a two-week peak, tracking gains in European shares after EU leaders agreed on a stimulus package to bolster economic growth through the Covid-19 pandemic. “A vaccine could provide a more durable solution to the coronavirus crisis, but we have now learned enough about the virus to say that we think policymakers are unlikely to re-impose national lockdowns to control the spread of Covid-19,” UBS analysts wrote in a note.

 

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