Europe shares rally as miners soar; HSBC drops 1% – CNBC

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Despite the positive backdrop, sterling hit a seven-year low on Monday on rising concerns that Britain could leave the European Union with a referendum now set to be held in June.

On Sunday, influential politician and London Mayor Boris Johnson announced that he was supporting the “leave” campaign, dealing a blow to Prime Minister David Cameron’s “stronger together” campaign.

Elsewhere, European equities got a boost from Asian markets which shrugged off a slow start early Monday to trade mostly higher, with major indexes in China, Japan and Australia all rising. Last week, most major indexes posted weekly gains, despite a weaker finish on Friday.

Europe shares rally as miners soar; HSBC drops 1% – CNBC