By Steve Goldstein, MarketWatch
British stocks rallied on Monday, responding to the latest positive comments about the likelihood of a U.S.-China trade deal.
U.S. Commerce Sec. Wilbur Ross, in Thailand for a summit, told Bloomberg Television, “we’re in good shape, we’re making good progress.”
The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +2.03% rose 0.92% to 7369.69.
Gainers included the mining giants that are very sensitive to China’s economic growth prospects, as Glencore /zigman2/quotes/201400686/delayed UK:GLEN +4.15% , Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +2.79% and BHP /zigman2/quotes/203323256/delayed UK:BHP +2.82% all registered strong gains.
Outside the FTSE 100, GVC /zigman2/quotes/207493593/delayed UK:GVC +2.92% , 888 Holdings /zigman2/quotes/206991878/delayed UK:888 +2.98% and William /zigman2/quotes/201135907/delayed UK:WMH +7.88% dropped sharply as members of Parliament called for limits on online gambling .