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LONDON (Reuters) – Britain's biggest stock index has seen a recovery in Europe. Fears over the British split eased after the weekend vote in Brussels, with investors buying the oil and financial sectors, and the telecom index rising following the announcement of the announcement. # 39; agreements.
The British Financial Times 100 rose 1.2%.
The index received the most important support from the financial sector, with HSBC, Standard Chartered and Standard Life Aberdeen up 2.6 to 3% after the signing of an agreement between European leaders and the Kingdom -United.
European leaders said the agreement with British Prime Minister Teresa Mae was the best that his country could get.
The benefits of these stocks reflect the strength of the European banking sector as a whole, which has been boosted by reports that Italy could reduce its fiscal targets to avoid disciplined action from Brussels.
Oil stocks also rose, with the crude partially offsetting some of its losses after falling by nearly 8% in the previous session, as fears of oversupply eased.
Royal Dutch Shell rose by 2.9%, BP by 2.4%, and energy services firm John Wood, by 7.6%, topped the Financial Times.
Vodafone received support in the context of transactions in the afternoon, following a report from Reuters that the European Commission was preparing to approve a merger to Netherlands, thus reviving optimism about possible merger and acquisition activities in the sector.
The European telecommunications index rose 3.3% as a result of the news.
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