British Stocks Erase Monthly Declines One Day Before Brexit Voteby
U.K. equities are set to erase their monthly decline, one day before a referendum on whether to stay or leave the European Union.
The FTSE 100 Index climbed 0.1 percent at 8:41 a.m. in London, taking its four-day advance to 4.8 percent. The gauge is rebounding from its lowest level since February on easing concern that the U.K. will quit the EU.
RSA Insurance Group Plc advanced 1.9 percent after Barclays Plc said its management is confident of meeting 2018 targets and the company is well placed were Britain to leave Europe’s trading union. Associated British Foods Plc fell 2.7 percent after Morgan Stanley cut its rating on the shares.
The broader FTSE All-Share Index and Ireland’s ISEQ Index were little changed. The regional Stoxx Europe 600 Index also gained 0.1 percent.