Market report: FTSE gains on news of US/China trade pact pledge

The FTSE opened in positive territory this Tuesday, once again, the London bourse is being lifted by global sentiment surrounding a pledge by Washington and Beijing to stand by their Phase-1 trade pact.

Aveva (LON:AVV) is one of the top gainers after agreeing to buy Californian based Osisoft in a $5bn deal that promises to deepen consolidation in the technology sector.

Also thriving is DFS Furniture (LON: DFS) reporting that trading has been ahead of expectations in the past six weeks since reopening after the coronavirus pandemic lockdown thanks to consumers spending more on their homes.

In other news global fast food giant KFC (TYO:2420) is dropping its ‘Finger Lickin' Good’ slogan after admitting finding themselves in a ‘unique situation - having a iconic slogan that doesn't quite fit in the current environment’, referring to the Corona Virus pandemic.

NQ Minerals (AQSE:NQMI)(OTCQB:NQMLF) is to restart exploration at its Hellyer project in north west Tasmania renowned for large scale and high-grade polymetallic deposits.

MelodyVR Group (LON:MVR) is to snap up music streaming service Napster, taking control of their 80 mln song music library.

Next Fifteen Communications Group (LON:NFC) have said they expect results for the year to be ahead of current market expectations. The group said revenues for the six months to the end of July, 2020, are expected to be up by around 6.5% year-on-year to £126mln.

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