UK stocks : FTSE 100 index gains 2.4 pct
On Monday, it closed above 5726, significant from a technical standpoint as it is approximately both the 200 day moving average and a 38.2 percent retracement of the fall from a peak on November 9 to a trough at the end of last week.
The rebound was broad-based, with every sector contributing to the index's rise, although the most economically sensitive stocks such as commodities and banks , led gains. Financials, which include banks, insurers and brokerages, added nearly 40 points to the index.
Barclays was the biggest gainer, adding 6.7 percent, as it received a boost after Goldman Sachs raised its price target for the bank.
Heavyweight HSBC, added 16.5 points to the index, rising 3.8 percent after the bank said it was in talks to sell its $9.3 billion stake in China's Ping An Insurance under a plan to shed non-core parts of its business to boost profitability.
One of only four stocks to lose in the sessions trading, G4S fell 1.1 percent after Credit Suisse downgraded the stock to 'Neutral' from 'Hold'.
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