Traders returning after the long weekend were in upbeat mood today as the FTSE 100 index rallied more than 1%.
The rise came despite more inflation worries, with the price of Brent crude still above $120 a barrel after Thursday’s Opec meeting failed to deliver the supply boost expected.
US markets fell sharply on Friday as more evidence of a tight jobs market doused expectations that policymakers might be able to pause interest rate hikes in the autumn.
