European stocks bounce back
European markets have jumped sharply and London lifted more than 2pc as investors digest Brexit news.
European markets have jumped sharply and London lifted more than 2pc as investors digest Brexit news.
Sterling has halted its fall, bringing a measure of breathing space for the currency.
The Aussie swung through a wide arc before recovering amid reassuring words from Japan.
The local market has given up Monday’s gains and more, as offshore jitters drive sentiment.
The local unit has approached US74 cents amid a choppy session.
Pressure on sterling and the euro has intensified as markets digest the Brexit vote.
Traders are eyeing the effect of European output on the supply and demand gap in crude.
British banks were again smashed despite George Osborne’s attempt to shore up confidence.
The Aussie has regained some ground despite the ongoing uncertainty over Brexit’s ramifications.
The local market has pared its losses from Friday’s plunge, but some stocks are still hurting.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/67