07012016Fri
Last update: Fri, 01 Jul 2016 10pm

Markets - Equity

Markets - Equity - Europe

Sterling, stocks take another Brexit hit; oil, yen rise LONDON: Sterling fell more than 2 percent, the euro took a hammering and stocks dropped again on Monday as Britain's vote to leave the European Union drove investors to seek safety in the yen, gold and low-risk government debt.Oil prices held near Friday's lows but were up on the day as traders took the view the British referendum's result would have little effect on global demand.Sentiment remained weak, with a political crisis gripping Britain and no clarity about when the world's fifth-largest economy would leave the EU or on what terms. But the moves on Monday were nowhere near as extreme as on Friday, when global stocks suffered their biggest decline in nearly five years.The pound recovered some of its lost ground after British finance minister George Osborne said the government had robust contingency plans in place and that it and the Bank of England could do more if needed.The ...


Markets - Equity - Europe

European shares fall, but Spanish stocks gain after election LONDON: European shares fell on Monday, weighed down by uncertainty over Britain's decision to leave the European Union, but the Madrid market rose after Spain's election.The pan-European STOXX 600 and the FTSEurofirst 300 indexes both fell by 0.6 to 0.7 percent. The euro zone's blue-chip Euro STOXX index was flat.Britain's FTSE 100 fell 0.4 percent, after dropping 3.2 percent on Friday, the day following the referendum where Britain voted to quit the EU.However, Spain's IBEX ...

Markets - Equity - Europe

Madrid shares surge on conservative election win MADRID: The Madrid stock market index surged Monday after Mariano Rajoy's conservatives won the Spanish general election and the acting prime minister said he would make a push for power.At 0745 GMT, the key Madrid index IBEX 35 stood 1.97 percent higher at 7,941.10, having minutes earlier risen to an early high of 8,023.70, just over three percent up compared to Friday's close.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong shares extend losses after Brexit vote HONG KONG: Hong Kong stocks slipped Monday, extending last week's sell-off after Britain's shock decision to quit the European Union, although bargain-buying helped pare morning losses.The Hang Seng Index shed 0.16 percent, or 31.83 points, to close at 20,227.30 -- after tumbling almost three percent on Friday.And the benchmark Shanghai Composite Index rose 1.45 percent, or 41.41 points, to 2,895.70 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 2.43 percent, ...

Markets - Equity - Europe

European stocks slip despite Osborne comments LONDON: European stock markets mostly slid Monday as British finance minister George Osborne attempted to calm jitters after last week's shock Brexit referendum.Britain's surprise referendum decision to leave the European Union wiped $2.1 trillion off market valuations on Friday and sent the pound collapsing to a 31-year low against the dollar."The fallout from the UK's vote against EU membership continues to ripple through financial markets," Accendo Markets analyst Mike van Dulken told AFP.On Monday, London's ...

Markets - Equity - Asia

Tokyo shares rebound from Brexit rout TOKYO: Tokyo stocks jumped more than two percent Monday, rebounding from a rout that wiped more than $2 trillion off global financial markets in response to Britain's shock vote to quit the European Union.The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 2.39 percent, or 357.19 points, to close at 15,309.21, while the broader Topix index of all first-section shares gained 1.77 percent, or 21.28 points, to 1,225.76.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Pound sinks, most stocks extend losses on British EU exit HONG KONG: The pound sank Monday to 30-year lows while most stock markets tumbled following Britain's decision to leave the European Union, with traders fearing it will lead to months of uncertainty.Sterling plunged two percent in early exchanges as dealers rushed into assets considered safe, such as the yen and gold, although Japan's Nikkei stock index rallied after suffering a battering on Friday.The surprise decision wiped $2.1 trillion off market valuations Friday and sent the ...