European stocks rose sharply on Tuesday, making their first gains since Britain’s shock vote to quit the EU, and the pound rebounded as investors returned to jittery markets.
Trading floors appeared to have put the initial panic of Brexit behind them, with investors snapping up bargains after two days of heavy losses.
“It’s been a welcome respite for European equity…Read more
Gulf stocks were mixed in quiet trade on Tuesday as global markets regained some strength after the shock of the British vote to leave the European Union. Signs of progress toward an International Monetary Fund loan failed to lift Egypt much.
With oil prices off their lows, Gulf investors feel Brexit may have little impact on their economies, although weakness…Read more
The German financial sector watchdog, BaFin, said Tuesday it is opposed to a merged company made up of the London and Frankfurt stock exchanges being based in Britain in the wake of the British vote to quit European Union.
"It is hard to imagine that the euro area's most important stock exchange would be managed out of a site outside…Read more
Kuwait Stock Exchange (KSE) ended Tuesday's trading on a green note as the Price Index went up by 9.07 points to 5,375 points and the Weighted and KSX 15 indexes rose 3.37 points and 11.75 points respectively, the official KUNA news agency reported.
The value of traded shares amounted to roughly KD 11.6 million while the volume hit around…Read more
Bahrain All Share Index on Tuesday closed at 1,114.11 points marking an increase of 1.41 points above the previous closing.
This increase was due to the rise in Investment Sector and Services Sector. Results indicated that 61 equity transactions took place with a volume of 1,458,464 worth BD 362,748.Read more
The Egyptian global depository receipts (GDRs) traded on London Stock Exchange showed stable performance at the close of Tuesday's trading.
The GDRs of Edita Food Industries went down 2.78 percent to hit 7.0 dollars.
Meanwhile, the GDRs of the Commercial International Bank (CIB), EFG Hermes and Orascom Telecom remained unchanged at 3.42, 1.90 and 0.39 dollars respectively.Read more
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 153 basis points to 6.6528 against the US dollar Tuesday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 % from the central parity rate each trading day.
The central…Read more
US stocks posted a second sharp daily loss Monday as investors continued to dump assets perceived as risky in the wake of the UK's vote last week to leave the European Union.
The S&P 500 SPX, -1.81% closed 36.87 points lower, a loss of 1.8%, at 2,000.55. The Dow Jones Industrial Average DJIA, -1.50% dropped 260.51 points, or 1.5%,…Read more
Tokyo stocks slipped in choppy trading Tuesday morning, with the Nikkei index briefly falling below the 15,000 line, as Britain's vote to leave the European Union continued to sour investor sentiment.
The 225-issue Nikkei Stock Average shed 50.19 points, or 0.33%, from Monday to 15,259.02. The broader Topix index of all First Section issues on the Tokyo Stock Exchange…Read more
Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.58%, at 2,912.56 points.
The smaller Shenzhen index closed 0.83% higher at 10,463.45 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.14% to close at 2,216.71 points.