U.K. Stocks Inch Higher as Investors Await U.S. Payrolls Reportby
U.K. stocks edged higher, trimming their first weekly loss in four, as investors awaited data on U.S. employment.
The FTSE 100 Index added 0.2 percent at 8:53 a.m. in London. The benchmark climbed 1.1 percent yesterday, buoyed by gains in financial firms and Associated British Foods Plc. It’s still heading for a loss of 0.5 percent this week as a slew of property funds froze withdrawal in the aftermath of the U.K.’s vote to leave the European Union, weighing on shares of real-estate companies and money managers.
Homebuilders extended their rebound into a second day, with Taylor Wimpey Plc and Barratt Developments Plc up at least 2.8 percent. A gauge of housing stocks is still 8 percent below its pre-Brexit level.
The broader FTSE All-Share Index and Ireland’s ISEQ Index also rose today.