European shares rise as ballot starts in Britain'' s EU referendum

(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog site on Eikon – see cpurl:// apps.cp./ cms/? pageId= livemarkets) * European markets rise, set for Fifth day of gains * Voting starts in Britain’s European Union mandate * Tesco rises after reporting sales development By Sudip Kar-Gupta

LONDON, June 23 European shares born down
Thursday as firmer copper costs lifted mining stocks, while
expectations among monetary investors that Britain would vote
to remain in the European Union also supported markets. The pan-European STOXX 600 and the FTSEurofirst 300
were up by 0.3 percent. They were set for their 5th
straight day of gains and both were around a two-week high. Supermarket Tesco surpassed the wider market
with a 1.9 percent rise after reporting a 2nd succeeding
quarter of UK underlying sales growth.

Mining stocks such as Glencore also advanced as
London copper costs neared two-week highs. Ballot got underway in Britain’s referendum on EU membership
with most viewpoint surveys putting the “Leave” and “Remain” camps
neck-and-neck.

Bookmakers, however, have actually consistently provided a greater
probability to Britain remaining in the bloc rather than
leaving in a “Brexit” circumstance. The result is due on Friday Britain’s FTSE 100 equity index was up 0.5 percent,
while sterling also increased on currency markets. “Relating to Brexit, I believe it’s a craps shoot, but ‘Remain’.
will most likely eke out a small win,” said Emanuel Arbib, chief.
executive of Integrated Asset Management. Richard Griffiths, associate director at Berkeley Futures,.
also stated a lot of investors were backing a triumph for the ‘Remain’.
camp, however added markets could fall by 7-12 percent in early.
trading on Friday if the ‘Leave’ camp won.

( Modifying by Richard Balmforth).

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