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FTSE 100 rallies after Easter break



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FTSE 100 Index

Last Updated at 17 Nov 2017, 16:23 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7380.68 -
-6.26
-
-0.08

Top winner and loser

Sky

940.00 p +
+37.00
+
+4.10

United Utilities Group

798.00 p -
-36.50
-
-4.37
value change %

FTSE 250 Index

19797.83 -
-52.17
-
-0.26

FTSE 350 Index

4102.67 -
-4.73
-
-0.12

FTSE All Share Index

4051.78 -
-4.62
-
-0.11

FTSE Techmark Index

4553.63 -
-14.14
-
-0.31
Trader in London Image copyright Getty Images

(Close): The benchmark FTSE 100 rose nearly 2% as trading resumed after the Easter weekend.

Shares around the world have been boosted by hopes that the US Federal Reserve will push back rate rises following weak US jobs data last week.

The benchmark FTSE 100 index closed up 128.31 points, or 1.88%, at 6,961.77.

Oil-related shares saw big gains following a sharp rise in the price of crude on Monday. BG Group rose 6.7% while Premier Oil jumped 13%.

But the rise in oil costs hit shares in airlines, with British Airways owner IAG down 1.2%.

Shares in Royal Mail rose 1.3% to 448p following news that Dutch parcels delivery firm TNT Express had agreed to be bought by US firm FedEx.

The takeover has raised speculation that there could be more deals in the sector.

On the currency markets, the pound was boosted by a strong survey of the UK's services sector.

The latest Markit/CIPS services purchasing managers' index (PMI) recorded an eight-month high of 58.9 last month.

The pound rose 0.13% against the dollar to $1.4849, while against the euro it climbed 0.48% to €1.3693.