Brent crude surges on optimism around the US and China

Brent crude surges on optimism around the US and China

The FTSE 100 was up 1.041pc at 6,933.03 as world stocks extend gains to a near four week high on optimism that the US and China could be closing in on a trade deal.

The heavily weighed mining sector supported the FTSE 100, which was led by Antofagasta, up 5.24pc.

Brent crude surged to within touching distance of the $60 mark, up 2.04pc at $59.92, as trades became optimistic that the US and China could resolve the standoff that has dominated markets recently.

Sterling hit a high of $1.2777 following media reports that UK Prime Minister Theresa May is attempting to secure DUP support for next week’s crucial Brexit vote.

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