FTSE 100 jumps 1.3% amid promises of stimulus from U.K. Prime Minister Johnson
June 29, 2020 at 10:46 AM EDT
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.