UK Stocks Rises

After Reaching Nearly Four Month Low the UK Stock Rises!

U.K. stocks rose Monday, with the FTSE 100 coming off a nearly four-month low that came as investors assessed geopolitical tensions and signs of EU economic weakness.

The FTSE 100 index UK:UKX +0.79%  rose 0.6% to 6,606.29. On Friday, it finished at its lowest close since April 15, according to FactSet data. The FTSE last week lost 1.7%.

Metals and banking shares logged gains Monday. Shares of Rio Tinto UK:RIO +1.94%  rose 1.8%, and Barclays PLC UK:BARC +1.28%    added 1.2%.

Stock in medical devices maker Smith & Nephew PLC UK:SN +2.99%   topped advancers with a rise of 3%.

But shares of Friends Life Group Ltd. UK:FLG -0.75%   fell 1% following a downgrade at Deutsche Bank to hold from buy.

Source: marketwatch.com