London Markets: U.K. stocks boom on hopes for China trade deal

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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 UKX, +0.92%  rose 0.92% to 7369.69.

Gainers included the mining giants that are very sensitive to China’s economic growth prospects, as Glencore GLEN, +4.67%  , Rio Tinto RIO, +3.02%   and BHP BHP, +2.95%   all registered strong gains.

Outside the FTSE 100, GVC GVC, -10.47%  , 888 Holdings 888, -13.67%  and William WMH, -12.66% dropped sharply as members of Parliament called for limits on online gambling