Saturday, 18 June 2016

US stocks down, global stocks up: sterling, bond yields gain as Brexit views shift

Sterling and bond yields rose on Friday as traders tried to assess whether the killing of a pro-European Union British lawmaker may change the balance of opinions in Britain's upcoming referendum on EU membership.

U.S. stocks ended the day with losses, though MSCI's all-country world stock index was up 0.5 percent.

Campaigning for the June 23 referendum, which somewhat overshadowed this week's U.S. and Japanese central bank meetings, was put on hold after British Member of Parliament Jo Cox was shot dead on Thursday.

Concerns that a vote by Britain to leave the 28-country bloc would cause turmoil in the global economy and European politics rattled markets and caused the pound to tumble earlier this week.

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