UK stocks rise with global markets as Barclays rebound

London - Almost every stock on the FTSE 100 Index climbed amid a global rebound after the worst plunge since August.

The FTSE 100 Index rose 2% at 09:22, with 97 of its shares up. The FTSE 250 Index of mid-cap companies gained 2.7% following its worst two days since 1987. Barclays, Lloyds Banking Group and Prudential rallied more than 5.7% after getting hit the most in the rout following the Brexit vote. Almost every stock on the FTSE 100 Index climbed amid a global rebound after the worst plunge since August.

The FTSE 100 fell less than its regional peers in the past two days, and strategists did something unexpected after Britain chose to leave the European Union: they turned more bullish on a big swath of the country’s shares. HSBC and Citigroup have raised their ratings on the UK’s biggest stocks, while JPMorgan and Societe Generale SA said they’re still bullish.

The broader FTSE All-Share Index and Ireland’s ISEQ Index also gained on Tuesday. The regional Stoxx Europe 600 Index advanced 2.2%.