UK blue-chip stocks climbed by the most in nearly a week Monday, with bank shares taking part in a broad-based rally seen as being set off by the passage of a tax overhaul package in the US Senate, MarketWatch reports.

What markets are doing: The FTSE 100 index jumped 0.8% to 7,360.84, with industrial and financial shares leading all sectors higher. The index on Friday fell 0.4%, taking last week’s loss to 1.5%.