06292016Wed
Last update: Wed, 29 Jun 2016 07pm

Europe

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 similar drop, while Frankfurt shares are likely to fare only slightly better, with expectations for a six-percent fall of the German DAX index."European markets are now expected to open considerably lower, with FTSE futures pointing seven percent lower and this could extend further," said Craig Erlam, senior market analyst at Oanda."Financial markets throughout the night have been chaotic to say the least and this may continue as the day progresses," he said.In Asian markets, the ...

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 ...

Markets - Equity - Europe

European stocks, pound rally as Britain votes LONDON: European stocks rallied and the pound hit 2016 highs Thursday as markets expected the Remain camp to come out on top in Britain's referendum on EU membership.This despite opinion polls suggesting the outcome remains close as millions of Britons voted Thursday.The latest poll, an Ipsos MORI survey for the Evening Standard newspaper, put "Remain" on 52 percent and "Leave" on 48 percent."Another swing in opinion polls back towards Remaining in the EU has sparked ...

Markets - Equity - Europe

Sterling up more than 1 percent as odds shift towards ‘Remain’ LONDON: Sterling gained more than 1 percent to a 2016 high against the dollar in morning trade in London as bookmakers' odds shifted in favour of a vote for remaining in the European Union in Thursday's referendum.Betting exchange Betfair showed odds of around 15 percent for a vote to leave, down from more than 40 percent a week ago before the killing of British lawmaker Jo Cox.The pound gained 1.2 percent on the day to ...

Markets - Equity - Europe

Emerging stocks struggle higher; EU vote weighs on C.Europe LONDON: Emerging assets were broadly firmer on Thursday, though eastern European markets seesawed as voting got under way in Britain's hotly contested EU membership referendum.MSCI's emerging markets benchmark rose 0.4 percent for its fifth straight day of gains, while the main eastern European index was up 0.6 percent.Assets across much of eastern Europe - the region with the most direct economic links not only to Britain but also with the euro zone - painted a ...

Markets - Equity - Europe

FTSE reaches 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 began voting on its membership in the European Union, with recent opinion polls showing the "Remain" camp nudging ahead.Two opinion polls published late on Wednesday showed signs of a last-minute rise in support for staying in the EU. Investors had mostly feared that a so-called Brexit would damage the economy in Britain and possibly beyond."Overnight polls still suggest the result could ...