(Reuters) – British stocks ended higher on Tuesday, rebounding from a hefty selloff in the previous session, amid hopes that the U.S. might soften its stance on some of its aggressive import tariffs.
The blue-chip FTSE 100 rose 2.7%, its biggest daily jump since March 2022, recovering from its lowest close in more than a year in the previous session.
The domestically focused midcap index gained 3.3%, bouncing back after three consecutive sessions of losses.
The majority of stocks in the blue-chip index closed higher.
White House economic adviser Kevin Hassett said U.S. trade negotiators are prioritizing allies as they move forward on trade.
British finance minister Rachel Reeves said she would meet U.S. Treasury Secretary Scott Bessent “shortly” as part of broader talks over a new economic partnership that London hopes will reduce its tariff levy.
…
