Most U.K. stocks kicked off the week on an upbeat note, building on gains from last week when the new Bank of England governor signaled a pro-stimulus stance.
The FTSE 100 index climbed 0.9% to 6,436.86, after closing out Friday with the highest weekly rise since Jan. 4.
The full-week gains came as the central bank, with new Governor Mark Carney at the helm, said the U.K.'s recovery is on track and signaled rates won't be raised anytime soon.
Banks, which tend to be among biggest beneficiaries of an upbeat sentiment, posted some of the biggest gains in Monday's trade. Shares of Royal Bank of Scotland Group PLC (RBS.NaE) gained 3.8%, Lloyds Banking Group PLC (LYG.NaE) added 2.3%, Standard Chartered PLC (SCBFF.NaE) picked up 1.9% and heavyweight HSBC Holdings PLC (HBC.NaE) rose 0.9%.
Miners were also on the rise, tracking gains for most metals prices. Anglo American PLC (AAUKF.NaE) picked up 1.3%, Rio Tinto PLC (RIO.NaE) rose 1% and BHP Billiton PLC (BBL.NaE) put on 0.7%.
Oil firms advanced as well, defying a drop in oil prices. BP PLC (BP.NaE) climbed 1.1% and Royal Dutch Shell PLC (RDS/A.NaE) rose 0.8%.
Source: https://www.fidelity.co.uk/investor/news-views/today-in-the-markets/details.page?resId=201307080529MRKTWTCHNEWS_SVC_867DE934-E7A8-11E2-8134-002128040CF6&requestId=1&showChain=true&FullArticle=true
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