The British Financial Times Index joins the wave of recovery initiated by the oil and financial sectors

LONDON (Reuters) – Britain's biggest stock market index rallied in Europe on Monday, as worries over the British split subsided after the Brussels vote this weekend. .

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.

These gains reflected the strength of the European banking sector as a whole, which had been boosted by reports that Italy could reduce its fiscal targets to avoid disciplinary action in 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 shares rose 2.9%, while BP rose 2.4%, while energy services company John Wood rose 7.6%, topping 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 index of the telecommunications sector grew by 3.3% as a result of the news.