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Nov. 4, 2019, 11:45 a.m. EST

U.K. stocks boom on hopes for China trade deal

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 (FTSE:UK:UKX)  rose 0.92% to 7369.69.

Gainers included the mining giants that are very sensitive to China’s economic growth prospects, as Glencore (LON:UK:GLEN)  , Rio Tinto (LON:UK:RIO)   and BHP (LON:UK:BHP)   all registered strong gains.

Outside the FTSE 100, GVC (LON:UK:GVC)  , 888 Holdings (LON:UK:888)  and William (LON:UK:WMH) dropped sharply as members of Parliament called for limits on online gambling

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