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Defensive stocks buoy FTSE ahead of US-China deal; LONDON REPORT

Jan 16, 2020 - City A.M.

LONDON's main share index rose slightly yesterday, hours before the sealing of an initial US-China trade deal, though sentiment was tempered when the US said tariffs on Chinese goods would not be rolled back immediately.

The FTSE 100 rose 0.3 per cent on a third day of gains, supported by a host of so-called defensive stocks including pharmaceutical giants Astrazeneca and GSK, which rose nearly two per cent and consumer goods companies.

The FTSE 250 ended 0.2 per cent lower, with a 1...