Health-Care Stocks Rally to Help U.K. Stocks Pare Weekly Declineby
U.K. stocks rose for a second day to trim their weekly drop, fueled by gains in Shire Plc and GlaxoSmithKline Plc.
Shire added 3.1 percent while Glaxo rose 1.1 percent. Glencore reversed an earlier rally and fell 1.5 percent.
The FTSE 100 rose 0.6 percent to 6,378.04 at the close in London, trimming a weekly decline that was mostly driven by weak economic data out of China. Before then, an eight-day rally had been fueled by gains in commodity producers and optimism that the Federal Reserve won’t rush to raise rates. The broader FTSE All-Share Index climbed 0.4 percent today, while Ireland’s ISEQ Index added 0.9 percent.