U.K. Stock Investors Like the Idea of a Tory Majority -- For Now
- FTSE 350 index rises to a record ahead of June 8 vote
- U.K. shares typically gain before predictable elections
Caution Reigns as U.S. Politics Takes Center Stage
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The jury is still out on whether a solid Conservative win in next month’s U.K. general election will soften Brexit’s blow for markets. But that hasn’t stopped equities from rising on speculation of the vote outcome.
The FTSE 350 Index of U.K. stocks has climbed to fresh records four times in the past week, gaining after an initial knee-jerk slide on the day U.K. Prime Minister Theresa May announced the June 8 vote. With polls showing the Tories ahead by 20 percentage points, investors are betting Britain will have a stable government in place, with more room for May to maneuver its exit from the European Union.