London shares end higher, erase declines on stimulus hopes

Financial Post | Jun 29, 2020 at 6:59 PM
  • The exporter-heavy FTSE 100 index reversed earlier declines to jump more than 1% on Monday, boosted by a weakening pound and a global rally in equities powered by hopes of more stimulus.
  • The blue-chip FTSE 100 closed 1.3% higher after falling as much as 0.6%, while the British mid-cap index rose 0.7%.
  • Hopes of a stimulus-backed economic rebound helped lift Wall Street.