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London Markets: FTSE 100 closes 2% higher as investors cheer French election result

U.K. stocks closed with strong gains Monday, keying off a broad European rally led by French equities, as centrist Emmanuel Macron’s first-round win in France’s presidential election put an end to worries that two euroskeptics would be in the final runoff.

The FTSE 100 UKX, +2.11% leapt 2.1% to end at 7,264.68, the largest percentage rise since September, according to FactSet data. Just three FTSE components lost ground. The blue-chip index has turned positive for 2017 again, sporting a gain of 1.7% for the year.

Banks on the rise: London-listed bank shares were among the biggest gainers, riding up alongside a surge in bank stocks in France and across Europe.

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