Aug 7 (Reuters) – London stocks broadly rose for a second straight session on Wednesday, with gains in financial stocks and upbeat corporate earnings helping the indexes claw back most of the losses from earlier this week.
The blue-chip FTSE 100 index (.FTSE), ended 1.8% higher in its best showing in more than four months, while the mid-cap FTSE 250 index (.FTMC), closed 1% higher.
The gains came as global risk appetite improved after the Bank of Japan unexpectedly turned cautious on rate hikes, inducing a sharp fall in the yen which was partly blamed for market turbulence on Monday.
Lenders HSBC (HSBA.L), opens new tab, Lloyds Banking (LLOY.L), and Barclays (BARC.L), were among the top boosts to the FTSE 100 index.
The investment banking and brokerage sector (.FTNMX302020), jumped 1.5%, with wealth manager Quilter (QLT.L), gaining 4.6% after forecast half-year earnings forecasts above expectations.
Inter-dealer broker TP ICAP…
