UK-based FTSE 100 rises after falling down to lows of the year

**London, UK **- The FTSE 100, the blue-chip index of the London Stock Exchange, rose on Friday after falling to its lowest level of the year earlier in the week. The index closed up 0.6% at 7,406.08 points, led by gains in heavyweight stocks such as BP, Shell and Rio Tinto. The FTSE 100 has been under pressure in recent weeks due to concerns about the global economy and the ongoing trade war between the US and China. However, the index has rebounded in recent days as investors have taken a more positive view of the outlook for the global economy. The FTSE 100 is now up 5.2% year-to-date. However, it is still below its record high of 7,903.60 points, which it reached in May 2018. The FTSE 100 is a market-capitalization weighted index of the 100 largest companies listed on the London Stock Exchange. The index is often used as a barometer of the UK economy. The FTSE 100 has a long history, dating back to 1984. The index is reviewed and revised on a quarterly basis by the FTSE Group, which is a subsidiary of the London Stock Exchange Group. The FTSE 100 is one of the most widely followed stock indices in the world. It is used by investors and analysts to track the performance of the UK stock market. The FTSE 100 is also used as a benchmark for many investment funds and exchange-traded funds (ETFs)..

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