Arab Today, arab today world stocks firm on eve of british eu vote
Last Updated : GMT 11:42:51
Arab Today, arab today
Arab Today, arab today

On the eve of Britain's closely

World stocks firm on eve of British EU vote

Arab Today, arab today

Arab Today, arab today World stocks firm on eve of British EU vote

Global stocks largely rose Wednesday
London - Arab Today

Global stocks largely rose Wednesday and the pound clawed higher on the eve of Britain's closely fought referendum as traders appear to eye the country voting to remain in the European Union.
London's FTSE 100 index forged ahead, closing up 0.6 percent, as the clock ticks down to the start of balloting to decide Britain's future in the EU and the future shape of the bloc.
With (Other OTC: WWTH - news) all eyes trained on the result due early Friday, Frankfurt and Paris also edged higher, while US stocks were also cautiously up.
"Most economists on both sides of the pond insist that a 'Leave' vote from the EU would disrupt business as usual in Great Britain, the EU, here at home and elsewhere in the world.
"A vote to remain is seen as a near-term positive for markets here and abroad," Mark Vickery, of Zacks Investment Research, said in a note to clients.
Asian stocks mainly held in positive territory, despite the head of the US Federal Reserve Janet Yellen warning that a vote to leave, a so-called Brexit, could hammer world markets.
Yellen was set for a second day of congressional hearings Wednesday.
The "Remain" camp now has a razor-thin lead -- 51 percent versus 49 percent for "Leave", according to an average of polls compiled by What UK Thinks.
Financial markets have largely tracked the polls as the campaign goes down to the wire and now appear to place the "Remain" camp clearly in the lead.
Rebecca O'Keeffe, head of investment at online broker Interactive Investor, said equities had continued "pushing further forward" despite the poll predictions still making the results "too close to call".
But she questioned whether investors may be proving too confident.
"With less than 24 hours before voting starts, markets are now pricing in virtually no risk of an exit vote, which begs the question as to whether the euphoria is being overdone and how much upside still exists for investors -- or whether this is irrational exuberance and investors are ignoring the risks?"
Britain, which is the world's fifth largest economy, will suffer a powerful blow to growth and jobs, corporate chiefs warned, if the country becomes the first state to defect from the EU in the bloc's 60-year history.
- Markets pause -
Following a three-day rally fuelled by hopes the country will stay in the 28-nation bloc, analysts said traders were pausing to see what happens in Thursday's poll.
"Equity indices are mixed... having lost some of yesterday's bullish momentum," said Mike van Dulken, head of research at Accendo Markets, said, adding a "pause" was to be expected.
"Markets also have a tendency to hunker down into any major risk event, preferring to avoid leaving excessive risk on the table, especially when the outcome could be so ground-breaking -- politically, economically and of course for financial markets," he added in a note to clients.
In foreign exchange, the pound climbed on Wednesday to $1.4684 having hit a five-month peak at $1.4783 the previous day on expectations that Britain would stay in the EU.
Moneycorp dealers said the "opinion-poll-driven euphoria" that began a few days ago had been "enormously helpful" to the pound.
"However, it has not been enough to offset the losses suffered by the pound earlier in the year. Sterling is still down by an average of -5.5% from its position on 1 January," they said in a note.
In other news, oil prices fell after US data -- an indicator of demand in the world's top oil consumer -- revealed stocks had declined less than expected last week.
Brent North Sea crude fell 81 cents from Tuesday to $49.81 a barrel, while US benchmark West Texas Intermediate was $49.10 a barrel, down 75 cents.
- Key figures around 1545 GMT -
London - FTSE 100: UP 0.6 percent at 6,261.19 points (close)
Frankfurt - DAX 30: UP 0.6 percent at 10,071.06 points (close)
Paris - CAC 40: UP 0.3 percent at 4,380.03 points (close)
EURO STOXX 50: UP 0.4 percent at 2,978.31 points (close)
New York - DOW: UP 0.1 percent at 17,853.84 points
Tokyo - Nikkei 225: DOWN 0.6 percent at 16,065.72 (close)
Shanghai - Composite: UP 0.9 percent at 2,905.55 (close)
Hong Kong - Hang Seng: UP 0.6 percent at 20,795.12 (close)
Euro/dollar: UP at $1.1283 from $1.1259 late Tuesday
Pound/dollar: UP at $1.4684 from $1.4628
Dollar/yen: DOWN at 104.55 yen from 104.80 yen

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world stocks firm on eve of british eu vote Arab Today, arab today world stocks firm on eve of british eu vote

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world stocks firm on eve of british eu vote Arab Today, arab today world stocks firm on eve of british eu vote

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 05:27 2017 Monday ,23 October

Travel plea for conjoined twins

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday