Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall/File Photo
Sept 13 (Reuters) – London’s FTSE 100 rose on Monday, rebounding from its worst weekly performance since mid-August helped by gains in economy-linked stocks, while Associated British Foods slipped to the bottom of the index following an earnings update.
The blue-chip index (.FTSE) climbed 0.5%, after sliding 1.5% last week on concerns around stalling domestic economic recovery.
Oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L) rose 1% each, tracking crude prices, while banks (.FTNMX301010) jumped 1.3% to provide the biggest boost to the index.
The domestically focused mid-cap FTSE 250 index (.FTMC) advanced 0.3%.
Investor focus is now on U.S. and UK data releases later this week, including jobs and keenly watched inflation and retail sales for clues on monetary policy actions ahead of central bank meetings next week.
“The…
