06282016Tue
Last update: Tue, 28 Jun 2016 03am

Europe

Markets - Equity - Europe

Paris stock market drops sharply on Brexit PARIS: Paris share prices plunged in early business on Friday in reaction to Britain's vote to exit the European Union.Around 0708 GMT, the main CAC-40 index stood 7.1 percent lower at 4,150.82, having opened 7.9 percent down.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Pound, Asia markets collapse as Britain quits EU HONG KONG: The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets Friday as Britain voted to leave the European Union, fuelling a wave of global uncertainty.Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback itself slumped below 100 yen for the first time in two-and-a-half years as traders fled to safety.In the weeks leading up to Thursday's historic vote, ...

Markets - Equity - Europe

Deutsche Boerse, LSE stand by merger plans despite Brexit vote FRANKFURT: The Frankfurt and London stock exchanges said Friday they would press ahead with their planned merger even though Britain has voted to leave the European Union."Deutsche Boerse AG and London Stock Exchange Group note the result of the UK Referendum which recorded a majority of votes in favour of leaving the European Union," the two stock markets said in a joint statement."As stated in the shareholder documents published on June 1, 2016, the recommended ...

Markets - Equity - Europe

European stocks in free fall after Brexit vote LONDON: European stock markets and the British pound plunged at the start of trading Friday after Britain voted to leave the European Union, with banking stocks leading the way down.London's FTSE-100 index was down 5.0 percent around 0745 GMT off earlier lows with banking stocks Royal Bank of Scotland, Barclays and Lloyds all losing close to a quarter of their market value."The British people have voted against the economic warnings of the overwhelming majority of ...

Markets - Equity - Europe

European stocks headed for 7pc fall: brokers PARIS: Europe's main stock markets are headed for a steep fall of at least seven percent at the opening after Britain's decision to leave the EU, brokers said Friday.London stocks, in the frontline of the fall-out from the vote to leave, are likely to plunge around seven percent when trading gets underway at 0700 GMT, analysts at both CMC Markets and ETX Capital predicted.Inside the eurozone, the Paris stock market is expected to see a ...

Markets - Equity - Europe

FTSE hits two-month high as Britain votes on EU membership LONDON: Britain's top share index rose to a two-month high on Thursday as Britons voted on membership of the European Union after opinion polls showed support for the "Remain" camp rising. Two opinion polls published late on Wednesday showed signs of a last-minute rise in support for staying in the EU. Investors fear Brexit would damage the economy in Britain and beyond. "Overnight polls still suggest the result could be very close, although a late ...

Markets - Equity - Europe

European shares rise ahead of Britain's EU referendum result MILAN: European shares rose for the fifth day running on Thursday, assisted by firmer banks and miners and expectations that Britain would vote to stay in the European Union. The pan-European STOXX 600 and FTSEurofirst 300 indexes rose 1.5 and 1.3 percent respectively, both ending at their highest point in about two weeks. The gains follow a sell-off in the previous week when concerns over a possible Brexit mounted, depressing them to their lowest level ...