London Markets: FTSE 100 gains as trade-war fears ease

U.K. stocks rose Monday as equity markets worldwide appeared to stabilize following last week’s slump, which was driven by concerns about a potential global trade war.

How markets are moving

The FTSE 100 index UKX, -0.24% gained 0.4% to 6,946.90, rallying somewhat after finishing last week at its lowest level since December 2016. The London benchmark endured a weekly drop of 3.4%, its biggest such fall since the week ended Feb. 9. It is down 9.6% so far this year and lower by 5.3% over the past 12 months.

The pound GBPUSD, +0.6651% changed hands at $1.4188, up from $1.4133 late Friday in New York.

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