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FTSE 100 jumps 1.3% amid promises of stimulus from U.K. Prime Minister Johnson

June 29
21:04 2020

FTSE 100 jumps 1.3% amid promises of stimulus from U.K. Prime Minister Johnson

U.K. stocks shake off early losses Monday to turn sharply higher, with investors pinning gains to hopes for possible fiscal stimulus to help an economy pounded by the COVID-19 pandemic. The commodity-weighted index also was supported by gains from BP PLC after the energy giant announced plans to sell its petrochemicals unit.

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