U.K. Stocks Advance After Commodity Producers Reverse Declineby
U.K. stocks rose for the third time in four days, erasing an earlier drop after commodity and energy producers climbed with oil prices.
Anglo American Plc, Glencore Plc and BHP Billiton Ltd. rose at least 4 percent. Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc added 2.5 percent or more, rebounding from yesterday’s drop.
The FTSE 100 Index added 0.6 percent at the close in London, erasing an earlier decline of as much as 1.8 percent. The benchmark is still heading for its worst January since 2009, as the rout in oil and China’s slowdown have weighed on risk assets this year. It entered a bear market last week.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also gained at least 0.5 percent today.