European stock markets advanced on Tuesday amid Britain’s biggest nationwide rail strike for 30 years.
In London, the FTSE 100 (^FTSE) rose 0.4% after opening, following strong gains the previous session, while the CAC (^FCHI) climbed 1.1% in Paris, and the Frankfurt DAX (^GDAXI) was 0.8% higher.
It comes in the midst of an ongoing dispute over pay, jobs and conditions for rail workers. So far there has been 18 months of negotiations between Network Rail and the RMT union.
Tens of thousands of staff walked out today, paving the way for widespread industrial action across the economy in coming months. The majority of lines on the London Underground were also largely closed due to a separate strike.
The Centre for Economics and Business Research have warned that the three strikes taking place today, on Thursday and on Saturday will have a fallout worth at least £91m to the UK economy.
Richard Burge, chief executive of the London Chamber of Commerce and…
