U.K.’s FTSE 100 Rises for a Fifth Day With Referendum Under Wayby
U.K. stocks rose, poised for their longest winning streak since November, as Britons headed to polls to vote on whether to stay or leave the European Union.
Commodity producers advanced, with Glencore Plc and Randgold Resources Ltd. up at least 1.6 percent. Standard Chartered Plc lost 1 percent for the worst performance on the FTSE 100 Index.
The benchmark gauge climbed 0.5 percent at 8:56 a.m. in London. Polling stations opened at 7 a.m. and voters have until 10 p.m. to cast their ballots. The first results are due around midnight, while the final ones are expected at about 7 a.m. tomorrow.
Investors have been glued to the debate on EU membership in recent weeks, and past opinion polls have indicated it will be a close race. The FTSE 100 fell for five of the six sessions through June 14, before today’s fifth straight advance. The FTSE All-Share Index and Ireland’s ISEQ Index also gained.