FTSE indexes stabilise after sell-off on Trump tariff threats
Anglo American up on Amplats share sale
Sterling surges against dollar
FTSE 100 and FTSE 250 climb 0.2%
Updates to market close
Nov 27 (Reuters) -The UK's FTSE 100 index edged higher on Wednesday as investors assessed the fallout of U.S. President-elect Donald Trump's tariff threats, while easing government bond yields supported interestrate-sensitive housing and real estate stocks.
The blue-chip FTSE 100 .FTSE and the midcap FTSE 250 .FTMC both rose0.2%, stabilising after the prior day's sell-offon Trump's threat of hefty tariffs on some of its key trading partners.
Housebuilders .FTNMX402020 and real estate .FTUB3510 stocks climbed 0.9% and 1.5%, respectively, as UK government bond yields fell to their lowest since Finance Minister Rachel Reeves announced her first budget on Oct. 30.
Sterling GBP=D3 surged 0.9% against the dollar after datashowed new orders for key U.S.-manufactured capital goods unexpectedly fell in October, boosting expectations of a U.S. rate cut next month.
While the Federal Reserve is widely seen easing rates in December, traders expect the Bank of England to hold borrowing costs amid concerns about inflation rising again.
Among single stocks, Anglo American AAL.L gained 0.5% after the miner sold more shares in its unit Anglo American Platinum (Amplats) AMSJ.J, raising gross proceeds of 9.6 billion rand (420.26 million pounds).
Aston Martin AML.L fell as much as 9% to a more than two-year low after the luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital. The stock was down 5.5%.
Pets at Home Group PETSP.L slumped 17% after the retailer forecast modest growth in pre-tax profit for the year through March 2025, with demand lacklustre as pet owners reined in spending.
(1 British pound = 22.8429 rand)
Reporting by Sruthi Shankar in Bengaluru; Editing by Shinjini Ganguli and Richard Chang
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