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Homebuilders, consumer stocks push FTSE 100 higher

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.2%, FTSE 250 adds 0.3%

July 2 (Reuters) - London’s FTSE 100 was boosted by heavyweight homebuilders and consumer discretionary stocks on Friday, although concerns over a recent jump in coronavirus infections outweighed reopening optimism and kept the index on course for a muted weekly show.

The FTSE 100 climbed 0.2% with homebuilders gaining the most, up nearly 1.6%. Consumer heavyweights Reckitt Benckiser, GlaxoSmithKline and Unilever were the top boost to the index.

The domestically focussed mid-cap index added 0.3% with homebuilder Bellway being the top gainer.

Both indexes were set to end the week flat as a jump in coronavirus infections countered reopening optimism and robust corporate earnings during the week.

After market hours on Thursday, JD Sports Fashion said its remuneration committee’s chair would leave the board following a shareholder rebellion over management pay at Britain’s biggest sportswear retailer. Its shares dropped 0.8% on Friday.

Globally, sentiment was strong as shares held near record highs as investors looked to U.S. jobs data for signs of balanced economic growth with tame inflationary pressure.

Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu

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