Britain's top share index rose for a third session, as investors snapped up bank and mining stocks. The British FTSE 100 Index was up 1.8 percent to 6,902.23 points at its close, its highest closing level since November. European stocks closed higher in this afternoon. Investors shifted their focus to the European Central Bank's (ECB) upcoming meeting. They expect further monetary stimulus to be announced.
Financials contributed 47 points to the rise, supported by gains in euro zone lenders. Another bad day for italian banks. They continued to rally off of lows hit after the Italian prime minister Matteo Renzi said he would resign after the rejection of his reforms in a referendum.