U.K. Stocks Jump as Rebound in Banks, Miners Lift FTSE 100 Index

U.K. stocks rallied, trimming this week’s decline, after the FTSE 100 yesterday slipped the most in a month.

Miners and financial firms, among the biggest losers yesterday, rebounded, with Glencore Plc and Anglo American Plc adding 3 percent or more. Barclays Plc, Royal Bank of Scotland Group Plc and Standard Chartered Plc advanced at least 3.6 percent. Marks & Spencer Group Plc lost 2.1 percent after Bank of America Corp. said sales have probably stayed relatively weak in the fourth quarter. The bank cut its rating on the shares to underperform, the equivalent of a sell.

The FTSE 100 Index climbed 1.7 percent to 6,139.79, rebounding from a Feb. 25 low. The benchmark’s 1 percent drop this week is its first weekly decline in four. The gauge has lost 1.6 percent this year, less than its regional peers. The FTSE All-Share Index and Ireland’s ISEQ Index also gained today.

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