European shares advance as Britons head to polls [Reuters]
ING Group, N.V. (ING)
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Source: Reuters
European shares advance as Britons head to polls (Reuters) - European shares advanced on Thursday as investors awaited the outcome of a general election in Britain that may decide the future of Brexit as well as comments from new European Central Bank (ECB) chief Christine Lagarde. The FTSE 100 .FTSE index comprising internationally-focused firms gained 0.6%, shrugging off the impact from a firmer sterling. The pan-European STOXX 600 index rose 0.3%. While all major opinion polls suggested that the ruling Conservative Party will win Thursday’s election, allowing them to pass a withdrawal deal and end 3-1/2-years of uncertainty, their lead seems to have narrowed recently. “A large (Conservative) majority is likely going to make it easier for a somewhat stable path towards a structured Brexit,” said Bert Colijn, Senior Eurozone Economist at ING Bank. “But as ‘no-deal’ is still not off the table and people will be looking to see whether the chances of another cliff-edge Brexit at some po
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