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    21.06.2016 11:09 European stocks traded mixed. FTSE declined moderatly

    21.06.2016 11:09

    European stocks traded mixed. FTSE declined moderatly

     

    European stocks traded mixt and in tight ranges, as markets took a pause after a sharp rise in the previous session, focused on the upcoming statement by European Central Bank President Mario Draghi and Federal Reserve's Janet Yellen. The risk is enhanced due to the possibility of UK withdrawal from the European Union (Brexit).

     

    The composite index of the largest companies in the region Stoxx Europe 600 rose so far by 0.17% - to 338.25 points.

    A referendum on Britain's membership in the EU will be held June 23 and the results of public opinion polls are also mixed.

    For example, a survey conducted by ORB for the newspaper The Telegraph, showed that 53% of Brexit's supporters is 44%, remain - 42%.

    "There is a feeling that in the last days before the referendum more Britons favored the remain within the EU, but the number of votes" for "and" against "seems almost equal", - stated in the review of research firm Davy Research, published on Tuesday.

     

    Renowned investor George Soros waits for a sharp weakening of the pound sterling in the case of a leave vote..

    "I expect that devaluation will be more powerful and more destructive than the 15% fall of the pound, in September 1992, when I was lucky enough to secure a substantial profit at the expense of the Bank of England and the British government," - he wrote in a newspaper column in The Guardian.

     

    Mining companies stocks are falling. The price of BHP Billiton shares dropped to 1,6%, Rio Tinto - by 1.7%.

    Rio Tinto, one of the largest mining companies in the world, announced the appointment of new heads of departments in the field of iron ore and copper mining.

     

    Shares of the German manufacturer of forklifts Kion Group fell during trading by 2,8%. The company announced the acquisition of US logistics company Dematic Corp. for about $ 2.1 billion.

     

    Volkswagen shares gained 1% after german prosecutors opened an investigation against the former Chief Executive Officer Martin Winterkorn, and the head of division of cars Herbert Diess because they failed to inform investors quickly enough of the potential losses associated with the scandal of falsified emissions level.

     

    At the moment:

    FTSE 6188.55 -15.45 -0.25%

    DAX 9963.34 1.32 0.01%

    CAC 4349.79 9.03 0.21%


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