Arab Today, arab today stocks pound rally as britain leans to eu remain vote
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

Stocks, pound rally as Britain leans to EU remain vote

Arab Today, arab today

Arab Today, arab today Stocks, pound rally as Britain leans to EU remain vote

World stock markets
London - AFP

World stock markets surged Monday, led by rallying banking shares, on growing expectations that Britain will vote to remain part of the European Union in a hard fought referendum this week.
The British pound also rose sharply higher against the euro and dollar as the Brexit battle enters its final days, with latest polls showing the "Remain" camp gaining ground.
Russ Mould, investment director at brokerage AJ Bell, said markets in Britain's European peers had their own reasons for warily awaiting the outcome of Thursday's vote.
"Markets in the UK and Europe seem to prefer the relative certainty offered by a 'Remain' vote," he told AFP.
"Were the UK to vote 'Leave' then the EU would face some potentially serious existential questions, as other countries may see eurosceptic parties pressing for their own votes on whether to stay or go."
Traders on Wall Street also appeared to welcome the prospect of the status quo.
Europe's main bourses all shot up by more than three percent in mid afternoon trading, with Paris' CAC 40 leading its Frankfurt and London counterparts.
"We know markets abhor uncertainty, so the Brexit vote appearing settled this morning has already gone a long way to reduce the wall of worry," Mark Vickery, of Zacks Investment Research, said in a note to clients.
- Safe haven assets retreat -
On foreign exchange, the pound rose around 2.0 percent to hit a three-week high at $1.4673, before easing back. The euro hit a two-week low versus sterling at 77.31 pence.
"If sterling is anything to go by, markets well and truly think voters have swung in favour of 'Remain'," said Joe Rundle, head of trading at ETX Capital.
Safe haven assets, the yen and gold, meanwhile retreated Monday after strong gains last week.
Despite the change in sentiment, the average of the last six British European Union referendum polls put the 'Remain' and 'Leave' camps neck-and-neck at 50-50, excluding undecided voters, according to the What UK Thinks website.
World markets (Xetra: 4WM.DE - news) had slid early last week as polls showed 'Leave' in the lead, but Tokyo closed up 2.3 percent Monday, adding to gains of one percent ahead of the weekend pause.
"As the UK steps in the crucial Brexit week, we are prepared for... choppy market conditions," said Ipek Ozkardeskaya, market analyst at London Capital Group.
Banking share prices rocketed Monday, with Royal Bank of Scotland (LSE: RBS.L - news) up more than 7.0 percent in London, Barclays (LSE: BARC.L - news) won 6.6 percent, while BNP Paribas (LSE: 0HB5.L - news) advanced just over 5.0 percent in Paris deals.
Analysts said the "Remain" camp won some support after the murder last week of British MP and "Remain" campaigner Jo Cox.
British lawmakers gathered Monday to pay tribute to Cox, in a rare show of unity as the EU referendum campaign enters its final stretch.
The vote on Thursday could see Britain become the first country to leave the 28-member European Union.
- Key figures around 1345 GMT -
London - FTSE 100: UP 3.2 percent at 6,214.25 points
Frankfurt - DAX 30: UP 3.4 percent at 9,961.29
Paris - CAC 40: UP 3.5 percent at 4,342.04
EURO STOXX 50: UP 3.3 percent at 2,944.21
New York - DOW: UP 1.4 percent at 17,922.59
Tokyo - Nikkei 225: UP 2.3 percent at 15,965.30 (close)
Shanghai - Composite: UP 0.1 percent at 2,888.81 (close)
Hong Kong - Hang Seng: UP 1.7 percent at 20,510.20 (close)
Euro/dollar: UP at $1.1342 from $1.1280 late Friday
Pound/dollar: UP at $1.4634 from $1.4348
Dollar/yen: UP at 104.46 yen from 104.19 yen

 

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 stocks pound rally as britain leans to eu remain vote Arab Today, arab today stocks pound rally as britain leans to eu remain vote

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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