India, May 27 -- U.K. stocks are up firmly in positive territory on Tuesday, coming back fairly strongly after a long weekend, as investor react to U.S. President Donald Trump's decision to delay 50% tariffs on EU goods till July 9th.
The U.S. President decided to delay the implementation after a call from European Commission President Ursula von der Leyen, and the EU has now pledged to fast-track talks to avoid a transatlantic trade war.
The benchmark FTSE 100 was up 63.21 points or 0.73% at 8,781.18 a little while ago.
IAG is climbing up 4.7%. Melrose Industries is gaining 4.2%, while BAE Systems and Intermediate Capital Group are up 3.2% and 3.1%, respectively.
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