London’s FTSE 100 jumped almost 1% on Friday, recouping nearly all its losses from the past two sessions when uncertainty surrounding a U.S.-China trade deal had spurred selling.
The main index’s surge was led by trade-sensitive scrips, including HSBC, oil stocks and miners, after China attempted to allay fears by saying it would strive to reach a “phase one” deal with the United States.
The FTSE 250 added 0.4%, bolstered by industrial stocks, but gambling software maker Playtech and industrial thread manufacturer Coats Group underperformed due to lackluster annual forecasts.
(Content and photos syndicated via Reuters)