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    European, UK Shares Snap Winning Streak, Silver Surges

    (July 4 Reuters) A post-Brexit recovery across European markets stalled on Monday with major share indexes missed while safe-haven demand for precious metals helped the price of silver surge to a near two-year high.

    Light trading volumes ahead of a public holiday in the United States is likely to keep markets choppy through the day.

    Europe's Stoxx 600 fell 0.3 percent and London's FTSE 100 fell 0.1 percent with weaker financial offsetting gains from shares in mining companies.

    Earlier in the day, the Australian dollar recovered from a wobbly start caused by political uncertainty while Asian shares and base metal prices rose, partly on expectations of economic stimulus from China.

    JPMorgan strategists warned investors against chasing the rally in risky assets.

    "We do not believe that we will see a sustained upmove. Positioning is not washed out, market internals are not positive and political uncertainty will linger," they wrote in a note.

    Click on the link below to see the full story from Reuters: (by Vikram Subhedar)

    European, UK shares snap winning streak, silver surges

     



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