Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
Bad timing? New figures show the UK’s population has tipped past 65m for the first time June 23, 2016 The UK's population has tipped past 65m for the first time, according to figures published by the Office for National Statistics. Stats published today showed the mid-year estimate for the UK's population growing by 513,200 to reach 65.1m. The growth is equivalent to a city of the size of Manchester – defined at 503,127 in [...]
Sterling spreads its wings to hit 2016 high against the dollar as EU referendum voting kicks off June 23, 2016 Any jitters over the outcome of the EU referendum were well and truly quelled this morning, after sterling soared to hit its highest this year against the dollar, topping $1.49 for the first time since December. The pound was up 1.4 per cent at $1.4911 in late morning trading, while it rose 0.64 per cent against [...]
EU referendum: What will individual company share prices do after the vote? June 23, 2016 The stock market may have started today on a high, but nobody expects tomorrow's open to be quite so smooth. Whatever the vote, analysts are expecting movement. UBS warned 20 per cent could be wiped off the FTSE 100 in the event of a vote to leave – a move which would take the index down [...]
EU referendum: Markets cast their votes early as sterling and FTSE 100 rally as polls open June 23, 2016 We may not know what the result of the referendum will be until the small hours, but the markets seem to understand which way the country is heading already. After polls last night showed a swing to Remain in the final days of campaigning, the pound rallied against the dollar, hitting its highest level of [...]
EU referendum: One big question but no easy answer. It’s make your mind up time June 23, 2016 I won't tell you how to vote. I’m proud that this newspaper has hosted arguments from both sides of the campaign – from every conceivable angle. We’ve had the case for Remain and Leave from market analysts, lawyers, politicians, investors, psychologists, economists and entrepreneurs. Now the time has come for you to make your choice. [...]
Waning Brexit fears fail to keep oil above $50 after disappointing data June 22, 2016 Crude slipped below $50 per barrel this afternoon following lacklustre US oil data, with investor calm ahead of the EU referendum failing to provide enough support. Brent crude, the global benchmark, slipped 1.50 per cent to $49.86 per barrel, while West Texas Intermediate crude, the US benchmark, fell 1.48 per cent to $49.11. The Energy Information [...]
ECB unlocks funding for Greek banks in latest step of recovery June 22, 2016 The European Central Bank (ECB) has signalled the latest step in the Greek recovery this afternoon, as it geared up to reinstate emergency funding for Greek banks. Eurozone banks are usually able to get cheap loans from the ECB under its regular financing operations. However, that help was called in during the 2015 bailout saga as Greece teetered [...]
At the close: Remain relief rally starts early as FTSE 100 climbs ahead of Brexit vote June 22, 2016 Perhaps all the decision makers were taking a breather. Maybe the big sellers have switched onto nights ahead of tomorrow. Or, has everybody in the City had enough of referendum news and just decided to ignore the potentially tumultuous event about to take place? There were just a few of the questions being asked to [...]
International Monetary Fund warns US over growth outlook as it slashes forecasts June 22, 2016 The International Monetary Fund (IMF) has taken a break from warning over the risks of Brexit to caution the US on the strength of its economy. The IMF has slashed its growth forecast for the US this year to 2.2 per cent, down from 2.4 per cent it predicted at the start of the year. It [...]
