FTSE 100 rallies after Easter break
|London | Wall Street | Asia|
(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.
But the rise in oil costs hit shares in airlines, with British Airways owner IAG down 1.2%.
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.