|Day's range||7,409.13 - 7,449.95|
|52-week range||7,004.40 - 7,727.50|
The FTSE 100 climbed 0.5%, with all but two sectors in positive territory, while the midcap index rose 0.4% by 0832 GMT. NMC Health , which has been the target of a Muddy Waters' short-selling attack since December, gave up another 3.2% after the hospital operator said its founder B.R. Shetty has resigned as non-executive chairman. The number of reported new cases of coronavirus in China's Hubei province, the epicentre of the outbreak, fell for two consecutive days before rising again on Monday.
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Retailers are warning prime minister Boris Johnson’s Brexit trade plans could lead to higher food prices and reduced stocks in UK shops.
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It’s a busy week ahead, with private sector PMI numbers likely to reflect the impact of COVID-19 on economies. Falling cases should soften the blow, however.
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The revolving door means constant change in policy as ambitious but inexperienced ministers look to make their mark, according to business leaders.
The FTSE 100 index ended the Valentine's Day trading session 0.6% lower, down 0.8% for the week, while the midcap bourse rose 0.5% as it drew strength from the pound. Global markets are expecting stimulus from central banks as new coronavirus showed no signs of peaking. U.S. Federal Reserve Chair Jerome Powell had last week warned that the economic impact from the outbreak could spill over globally.
Construction equipment manufacturer JCB on Thursday said that it would cut production and working hours at its UK factories.
Sunak, 39, worked in finance in the City of London and California for over a decade before entering politics in 2015.
Equity markets plunge after China upped the number of coronavirus cases and deaths, this outbreak is far more impactful than investors realize.
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China reported its lowest number of new coronavirus cases since late January, bolstering a forecast by Beijing's senior medical adviser for the outbreak in the country to end by April even though fears of further international spread remained. The FTSE 250 added 0.68%, led by payments company Finablr . Slightly more than 2,000 new confirmed cases took China's coronavirus total to 44,653.