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    21.06.2016 05:04 Global Stocks

    21.06.2016 05:04

    Global Stocks


    A rally in European stocks Monday propelled the regional benchmark to its best daily percentage performance in nearly 10 months after polls showed support for the U.K. remaining in the European Union gaining ground.

    Polls: Among the polls, a SundayTimes/YouGov online survey poll showed 44% of respondents want to keep the U.K. in the EU, compared with 43% who want a breakup. YouGov said one-third of the responses to its Sunday Times poll came in before news of the killing of British lawmaker, Jo Cox, a vocal anti-Brexit campaigner.

    U.S. stocks closed up Monday, but off their session highs, following the lead of European markets as polls showed support swinging back toward the U.K. remaining a member of the European Union ahead of a referendum.

    Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.

    Investors remain wary ahead of Thursday's British vote, as well as Federal Reserve chief Janet Yellen's two-day testimony before Congress starting later on Tuesday, as she might offer clues on the timing of the next U.S. interest rate increase.

    Two of the latest polls released over the weekend showed the "Remain" camp in the lead, reversing a recent rise in support for pulling out and prompting a rally in global equities and the pound on Monday.

    Japan's Nikkei stock index .N225 reversed early losses and added 0.5 percent.

    A Reuters poll showed that confidence at Japanese manufacturers inched up in June from the prior month's three-year low and is seen rising only slightly ahead, reflecting worries about the yen's rise ahead of the British vote.

    Minutes of the Bank of Japan's April meeting released on Tuesday showed policymakers believe overseas economies continue to pose downside risks to Japan's economy and prices.

    Based on Reuters materials


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