"It's a sentiment driver for the market at the moment," said Roger Jones, head of equities at London and Capital."The market has become very fiscally orientated, yet the numbers provided can only provide a short-term boost."
UK oil majors Royal Dutch Shell and BP gained over 2 per cent with crude prices climbing above US$43 a barrel on signs of supply shortages. The gains came even as Covid-19 cases surged across Europe, with more than 17,540 new daily cases recorded in the United Kingdom, while hospitals in the Paris region moved into emergency mode.
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