Weak pound, higher commodity stocks boost FTSE

The UK’s top share index rose on Monday, starting September on a stronger note as a weaker pound and a bounce across commodity stocks helped British equities outperform continental peers. The blue chip FTSE 100 (.FTSE) index was up 1 percent at 7,504.60 points at its close, while mid caps (.FTMC) were flat in percentage terms. A rise in oil stocks contributed more than 21 points to the FTSE 100, the biggest sectoral boost to the index. …read more

Source:: Yahoo Finance

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