FX.co ★ UK Stocks Close at Over 1-Month High

The FTSE 100 index in London rose by approximately 1.1% on Monday, reaching 9,751—a peak not seen since mid-November—as it followed the upward trend of other European markets. This increase comes ahead of a week packed with economic data releases and significant central bank policy announcements, notably from the Bank of England, which is anticipated to lower interest rates by 25 basis points. Stocks with exposure to China, including Airtel Africa, Prudential, and Burberry Group, saw gains of 4%, 3.2%, and 3% respectively, following Beijing's indication of forthcoming economic support measures. China plans to bolster financial support in vital consumption sectors, emphasizing consumer finance for durable goods and digital products. Copper miner Antofagasta saw a 3.7% rise, attributed to the escalating copper prices. Conversely, Fresnillo, a precious metals miner, and Rightmove were the day's most prominent underperformers, declining by 1.8% and 1.2%, respectively. Hikma Pharmaceuticals experienced a 0.9% drop after announcing the mutual departure of CEO Riad Mishlawi.