06252016Sat
Last update: Sat, 25 Jun 2016 07pm

Markets - Equity

Markets - Equity - Europe

European stocks extend gains eyeing EU vote, Yellen LONDON: Europe's main stock markets and the pound rose further on Tuesday, with traders expecting Britain to vote to stay in the European Union despite polls putting the race neck and neck."It appears markets have made up their mind which way the referendum will go," said Jasper Lawler, market analyst at traders CMC Markets."But before the result is known, there is still two-way risk" ahead of Thursday's landmark vote.Investors were looking ahead also to US Federal Reserve boss Janet Yellen's Congressional testimony.Yellen is scheduled to speak on monetary policy from Tuesday in a semiannual report to lawmakers, as markets try to gauge when the Fed will lift US interest rates again.Around 1045 GMT, London's benchmark FTSE 100 index was up 0.1 percent compared with the close on Monday.In the eurozone, Frankfurt's DAX 30 index grew 0.5 percent and the CAC 40 in Paris won 0.7 percent, as data showed investor ...


Markets - Equity - Europe

Emerging assets broadly firmer; naira extends fall LONDON: Emerging stocks extended gains to ten-day highs on Tuesday, taking their cue from firmer world equities and a weaker dollar while Nigeria's naira fell for the second day after being freed from its dollar peg.Britain's June 23 vote on European Union membership has been dominating investor attention but receding Brexit fears, along with a dollar index approaching two-week lows, have re-ignited appetite for equities and emerging markets.Gains will likely be capped however before US ...

Markets - Equity - Asia

Asia shares rise, sterling stands tall ahead of Brexit vote TOKYO: Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in late afternoon trade, while spreadbetters predicted European markets would open mixed, with Britain's FTSE and France's CAC seen slightly down and Germany's DAX expected to edge up.Investors remain wary ahead ...

Markets - Equity - Middle East & Africa

Gulf firms in early trade but NBAD cools DUBAI: Stock markets in the Gulf were firm early on Tuesday, supported by opinion polls and bookmakers' odds suggesting the "Remain" camp might win Britain's referendum on European Union membership this week, and as oil held over $50 a barrel.In Abu Dhabi, National Bank of Abu Dhabi pulled back 1.7 percent after surging 20 percent in the previous two days on news of its merger talks with First Gulf Bank.But FGB edged up 0.4 percent, ...

Markets - Equity - Europe

European share market steadies, miners under pressure LONDON: European shares steadied on Tuesday after a sharp rally in the previous session, although commodities-related stocks came under pressure following a drop in mining and energy shares.The Pan-European FTSEurofirst 300 and the STOXX Europe 600 indexes were both up around 0.05 percent by 0800 GMT after surging about 3.7 percent in the previous day.Britain's commodity-heavy FTSE 100 index dropped 0.2 percent after a fall in the prices of industrial metals, with copper slipping 0.5 ...

Markets - Equity - Europe

Sterling rises but stocks dip as Brexit keeps nerves taut LONDON: Sterling hit a seven-week high against the dollar on Tuesday on expectations Britons will vote to stay in the European Union but stocks failed to build on the previous day's gains as this week's referendum kept many investors cautious.Two opinion polls published on Monday put the "Remain" camp ahead before Thursday's vote but another gave "Leave" a slight lead.The dollar retreated against most major currencies with the exception of the yen, which has retreated ...

Markets - Equity - Europe

Britain's FTSE eases as commodities stocks weigh LONDON: UK shares slipped on Tuesday as a fall in mining stocks overshadowed two opinion polls which pointed to the campaign for Britain to remain in the European Union regaining its lead in the run-up to Thursday's referendum.The blue chip FTSE 100 index was down 0.2 percent at 6,189.30 points by 0828 GMT, having closed sharply higher on Monday.Two opinion polls on Monday suggested support for Britain staying in the European Union had recovered some ...