UPDATE 2-UK market lags global stocks on mounting Brexit fears

Reuters

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    * FTSE 100 up 0.3%, FTSE 250 down 0.2%
    * Domestic stocks down on Brexit worries
    * GVC gains after forecast upgrade
    * Just Eat tops blue-chip risers

 (Adds news items, updates share moves)
    By Muvija M and Shashwat Awasthi
    Oct 9 (Reuters) - British shares lagged global markets on
Wednesday as fears of damage from Brexit outweighed reports of
China being open to a partial trade deal with the United States.
 urn:newsml:reuters.com:*:nFWN26T0UF 
    The FTSE 100  .FTSE , whose components make two-thirds of
their earnings abroad, added 0.3% but trailed Wall Street and
European markets as blue-chip housebuilders and retailers fell.
    The FTSE 250 index  .FTMC , which has a greater domestic
exposure, ended 0.2% lower.
    Supermarket chains Sainsbury's  SBRY.L  and Tesco  TSCO.L 
lost 2.2% and 1.1%, respectively, while homebuilder Persimmon
 PSN.L  lost nearly 2% as a crucial deadline in the long-drawn
out Brexit process looms.
    Prime Minister Boris Johnson has repeatedly said that
Britain will leave the European Union on Oct. 31 with or without
a deal, leaving markets braced for a Brexit showdown.
    Among the gainers, London Stock Exchange Group (LSE)  LSE.L 
added 3.2% to top the FTSE 100 leader-board, recouping some of
the steep losses seen in the last session when Hong Kong
Clearing and Exchange  0388.HK  abandoned takeover plans. 
    Just Eat  JE.L  climbed 1% after orders at its Dutch rival
Takeaway.com  TKWY.AS  surged.  urn:newsml:reuters.com:*:nL5N26U0LI
    Financial sector stocks  .FTNMX8350  rose 0.6%. They have
fallen 6% since the start of 2019, lagging a near 7% rise in the
FTSE 100 over the same period and the only major sector with
year-to-date losses.  
    The recovery comes ahead of the release of minutes from the
U.S. Federal Reserve's last meeting, which could provide further
insight on how far it will go to prevent a slowdown.
    GVC  GVC.L  outperformed the midcap index with a 5.1% jump
as the Ladbrokes owner boosted its annual core earnings target
for the second time in three months on robust demand in its
betting shops, despite tighter regulation.  urn:newsml:reuters.com:*:nL3N26U1TD 
    That news helped rival William Hill  WMH.L  gain 1%.   
    
    

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 (Reporting by Muvija M in Bengaluru; Editing by Bernard Orr and
Alexander Smith)
 ((muvija.m@tr.com; within UK +44 20 7542 1810, outside UK +91
80 6749 3638;))

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