Miners help Europe shares higher; HSBC drops 4.5% – CNBC

11 months ago Comments Off on Miners help Europe shares higher; HSBC drops 4.5% – CNBC

Despite the positive backdrop, sterling saw its largest one-day loss in 11 months 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.

Miners help Europe shares higher; HSBC drops 4.5% – CNBC