UPDATE 2-FTSE 100 hits nine-month high as oil prices jump


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    * Oil prices jump after OPEC+ inks supply compromise
    * UK expects roll-out of Pfizer vaccine in millions
    * Brexit talks in tough phase - minister
    * FTSE 100 up 0.9%, FTSE 250 up 0.3%

 (Adds comments, updates prices throughout)
    By Shivani Kumaresan and Shreyashi Sanyal
    Dec 4 (Reuters) - London's FTSE 100 rose to a nine-month
high on Friday as a jump in oil prices boosted energy stocks,
while investors remained focussed on Brexit trade talks with
only four weeks left for Britain's transition period out of the
bloc to end.
    The blue-chip FTSE 100  .FTSE  rose 0.9%, with BP  BP.L  and
Royal Dutch Shell  RDSa.L  among the biggest gainers as major
oil producers agreed to continue production cuts to overcome
coronavirus-induced demand concerns.  O/R 
    The FTSE 100 has soared 17% in the past five weeks as news
that a working COVID-19 vaccine would be available before
year-end sparked hopes of a swift economic recovery, but
analysts have cautioned about the near-term damage to the
economy from sweeping business restrictions.     
    Data on Thursday showed activity in the UK services sector
in November suffered its first fall since June following a
four-week partial lockdown across England.  urn:newsml:reuters.com:*:nL8N2IJ278
    The mid-cap FTSE 250  .FTMC , considered a barometer of
Brexit sentiment, rose 0.3%, led by the real estate, technology
and consumer staples sectors.
    Brexit trade talks are in a difficult phase and a deal can
only be struck if the European Union accepts that Britain is a
sovereign nation, a British minister said on Friday after London
indicated the chance of a breakthrough was receding.
    "For UK stocks, it may well be that Brexit progress ignites
a new bounce, but then it might do the same for sterling,
dampening down enthusiasm for UK stocks at precisely the moment
that they might be expected to shine," said Chris Beauchamp,
chief market analyst at IG.
    "At present the market just seems happy to take any deal...
but even without one, the hints about carrying on negotiations
in January provides hope that there won't be a cliff-edge moment
to kick off 2021, just yet more interminable talking."
    McBride Plc  MCB.L  jumped 7.3% after raising its full-year
earnings outlook, while Housebuilder Berkeley Group  BKGH.L 
shed 1.8% as it posted a fall in first-half profit.  urn:newsml:reuters.com:*:nL4N2IK1QX

 (Reporting by Shivani Kumaresan and Shreyashi Sanyal in
Bengaluru; Editing by Subhranshu Sahu, Shounak Dasgupta and
Jonathan Oatis)
 ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961
144 3740; Twitter: https://twitter.com/s_shreyashi;))
((For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 * For related news, click on - *
 UK hot stocks:       HOT  and  GB      Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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