U.K. Stocks Slide for Fifth Time in Six Days on Brexit Concernby
Respite proved brief for U.K. stocks, which resumed declines ahead of next week’s referendum on the country’s membership in the European Union.
Investors also weighed central-bank actions amid concern over the outlook for the global economy. The Bank of Japan refrained from expanding monetary stimulus, while Federal Reserve Chair Janet Yellen said, after keeping rates unchanged, that more permanent forces such as slow productivity growth and aging societies could depress U.S. rates for longer.
Banks and miners fell, dragging the FTSE 100 Index down 0.6 percent at 8:54 a.m. in London. Barclays and Royal Bank of Scotland Group Plc lost 1.8 percent or more, while Anglo American Plc slid 1.8 percent. Randgold Resources Ltd. and Fresnillo Plc rose at least 2.4 percent as demand grew for gold as a haven.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also declined.