U.K. Stocks Strengthen in London After China Lowers Banks’ Reserve Ratio

U.K. stocks erased losses, sending the FTSE 100 Index higher, after China said it will cut its reserve requirement ratio for banks.

The FTSE 100 jumped 0.5 percent to 5,362.78 at 11:08 a.m. in London. The gauge earlier fell as much as 1.2 percent.

China’s central bank said it will cut reserve requirement ratio for banks by 0.5 percentage points from Dec. 5, according to a statement on its website today.

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