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Tuesday, 26 May 2020

London stocks open marginally higher

Monday 5 Jun 2017
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London's stock market opened slightly higher Monday as traders reacted to the latest terror attacks in the capital that have come ahead of a British general election later this week.

The benchmark FTSE 100 index gained 0.2 percent to 7,558.93 points compared with Friday's close, "as investors digest last week's soft US jobs report, another terror attack in London in the run up to the UK election and a jump in oil prices after a breakdown in Middle East diplomacy", said Jasper Lawler, senior market analyst at London Capital Group.

In the eurozone, the Paris CAC 40 dipped 0.1 percent to 5,337.11 points. Frankfurt's DAX 30 index was shut Monday for a German public holiday.

Police carried out more raids and arrested "a number of people" on Monday after the Islamic State group claimed an attack by knife-wielding men who mowed down and stabbed revellers in London, killing seven people before being shot dead by police.

It comes as Prime Minister Theresa May seeks to keep her Conservative party in government and steer Britain through the Brexit process following the general election due Thursday.

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