The FTSE 100 rose on Monday, boosted by gains in energy and financial stocks.
The index posted its third straight weekly drop on sluggish economic growth worries.
BP and Shell gained as crude prices rose amid tightening global supplies.
Miners slipped after copper prices tumbled on fears of a potential recession.
London’s main share index fell last week on escalating worries about a recession and bets of bigger interest rate hikes after a cautious raise by the Bank of England.
British low-cost carrier EasyJet fell 2.5%, as it was cutting more flights in the busy summer period to help manage operational problems.
U.S. markets will be closed on Monday for the Juneteenth holiday.
This report’s information was first seen on Reuters; to read more, click this link.
You must be logged in to post a comment.