Arab Today, arab today world stocks unravel on brexit fears
Last Updated : GMT 20:32:04
Arab Today, arab today
Arab Today, arab today

World stocks unravel on Brexit fears

Arab Today, arab today

Arab Today, arab today World stocks unravel on Brexit fears

Stock markets extended a global sell off
London - AFP

Stock markets extended a global sell-off Tuesday as traders appeared increasingly nervous about the prospect of Britain voting to leave the European Union next week.

The pound and euro both fell and gold prices edged higher amid a flight to safety.

And worried investors for the first time accepted negative yields for the privilege of owning rock-solid German government bonds.

"That's really a flight to safety in front of what could be a destabilizing event if the vote goes to leave the EU," said Art Hogan of Wunderlich Securities.

European markets fell sharply, led by Paris, down 2.3 percent, and London, where the FTSE 100 fell 2.0 percent.

US share losses were more modest, the S&P 500 giving up 0.2 percent.

The euro fell to $1.1208 and hit a three and a half year low against the yen before pulling back to 118.92 yen.

- Brexit 'Leave' camp leading -

With just over a week to go until Britain's referendum, a series of polls have put the "Leave" camp in front, raising the possibility that its four-decade ties to the European bloc could be cut.

The prospect of one of the biggest economies in the EU breaking away has led to warnings of a new wave of world market turmoil as they struggle to recover from the panic that wiped trillions off valuations at the start of the year.

Caution across markets was reinforced by policy meetings of the British, Japanese and US central banks taking place this week.

The US Federal Reserve is not expected to hike interest rates on Wednesday, but investors will be watching to see if it turns more dovish amid heightened market uncertainties and weak inflation.

On Thursday the Bank of Japan could possibly expand its asset purchases to further boost the struggling Japanese economy.

Also meeting on Thursday, the Bank of England will almost certainly keep policy on hold ahead of the June 23 Brexit referendum.

But the minutes to its last meeting could show the level of concern and preparation if the vote favors breaking with the European Union.

"Expectations of weak global growth and ever-enduring easy monetary policy, likely to be reinforced at central bank meetings this week, is seeing a mass exit from equities and feeding demand for bonds, sending yields to record lows," said Jasper Lawler, analyst at traders CMC Markets.

- Key figures at 2100 GMT -

New York - DOW: DOWN 0.3 percent at 17,674.82 (close)

New York - S&P 500: DOWN 0.2 percent at 2,075.32 (close)

New York - Nasdaq: DOWN 0.1 percent at 4,843.55 (close)

London - FTSE 100: DOWN 2.0 percent at 5,923.53 points (close)

Frankfurt - DAX 30: DOWN 1.4 percent at 9,519.20 points (close)

Paris - CAC 40: DOWN 2.3 percent at 4,130.33 points (close)

EURO STOXX 50: DOWN 2.0 percent at 2,797.18 points (close)

Tokyo - Nikkei 225: DOWN 1.0 percent at 15,859.00 (close)

Hong Kong - Hang Seng: DOWN 0.6 percent at 20,387.53 (close)

Shanghai - Composite: UP 0.3 percent at 2,842.19 (close)

Euro/dollar: DOWN at $1.1208 from $1.1292 late Monday

Dollar/yen: DOWN at 106.11 yen from 106.19 yen

Pound/dollar: DOWN at $1.4118 from $1.4245

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 unravel on brexit fears Arab Today, arab today world stocks unravel on brexit fears

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
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 Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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