The FTSE 100 bounced back from its biggest decline in more than a year late last week in hopes that the new Omicron coronavirus variant would prove mild.

The index of the leading stocks in London rose 1.1 percent, or 77.81 points, to 7121.33.1 in early trading, after falling 3.64 percent or 266.34 points to 7,044.03 on Friday, the largest percentage sell-off in a day since June 2020.

Oil also rebounded this morning, with the benchmark crude Brent crude rising $ 2.72 a barrel, or 3.7 percent, to $ 75.44, some of its more than 10 percent decline Balance late last week.