Monday 20 June 2016

European Stock market update 20/6/2016

European stocks surged higher at the open today as declining fears of a Brexit vote buoy global market sentiment, sterling and oil prices. 

The pan-European STOXX 600 was up 1.82 percent. Global markets are reacting positively to several opinion polls over the weekend that showed that the "Remain" camp was regaining momentum ahead of the referendum on European Union membership on Thursday. 

The British pound has climbed as Brexit concerns have eased, reaching USD 1.4568 in the European trading session on Monday, compared to levels of around USD 1.40 on Thursday. Oil prices also extended gains on Monday, due in part to the weaker dollar and Brexit concerns easing.


EUROPEAN STOCK TIPS

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