U.K. stocks edged higher, trimming their first weekly loss in four, as investors awaited data on U.S. employment.
The FTSE 100 Index added 0.2 percent at 8:53 a.m. in London. The benchmark climbed 1.1 percent yesterday, buoyed by gains in financial firms and Associated British Foods Plc. It’s still heading for a loss of 0.5 percent this week as a slew of property funds froze withdrawal in the aftermath of the U.K.’s vote to leave the European Union, weighing on shares of real-estate companies and money managers.
Homebuilders extended their rebound into a second day, with Taylor Wimpey Plc and Barratt Developments Plc up at least 2.8 percent. A gauge of housing stocks is still 8 percent below its pre-Brexit level.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose today.