Market Pulse
ComRes, YouGov polls point to small lead for 'Remain' camp
The results of two polls published on the eve of the EU referendum revealed a small lead for the 'Bremain' camp.
FX round-up: Dollar drifts lower ahead of referendum
Cable edged higher ahead of the EU referendum, with some market commentary highlighting increased confidence from traders that a Brexit will finally be avoided, which left investors free to focus on reduced prospects for interest rate hikes on the other side of the Pond.
Online poll from TNS shows large lead for 'Leave'
The last poll of voting intentions from TNS before Thursday's EU referendum gave the 'Leave' camp a narrow lead, but a far larger one if one assumed that the pattern of voter turnout would mimic that seen in the last general elections.
UK GDP could drop 1.0% in 2017 under Brexit scenario, Credit Suisse says
Financial and betting markets were pricing in a high probability of a “Remain” vote but the outcome was still “highly uncertain”, Credit Suisse cautioned clients.
US close: Stock retreat as investors show Brexit caution
US stocks gave up their earlier gains to finish in the red as worries about the UK referendum on EU membership spread across the Atlantic.
Commodities: US oil storage capacity use hits record
Commodity prices slipped despite weakness in the US dollar, led by losses in the energy complex.
Insurers and financials pace gains ahead of referendum
Insurers and financials paced gains the day before the referendum, with a fair bit of market commentary highlighting the possible disconnect between financial markets, which appeared increasingly confident the UK would 'Remain' in the European Union, and polls of voters' intentions which still appeared to be 'too close to call', according to analysts.
Iron ore futures jump on recovering steel production
Iron ore and steel prices continued to gain ground in overnight trading, among signs of steady steel output globally and stockpiles in Chinese markets.
Latest Brexit poll: Leave 45% and Remain 44%
The latest poll for Thursday’s European Union referendum put both sides virtually neck-and-neck with 'Leave' at 45% and 'Remain' at 44%.
Wednesday newspaper share tips: Rio Tinto, Whitbread
Shares in Rio Tinto should be avoided, they are already expensive and China's economy seems about to "roll-over", The Daily Telegraph's Questor column said.
Latest odds from Ladbrokes put chances of 'Remain' victory at 76%
The implied probability of 'Leave' coming out on top in the upcoming EU referendum edged higher on Wednesday, as betting picked up ahead of the vote, according to bookmaker Ladbrokes.
Broker tips: ABF, Dixons Carphone, RSA Insurance
Associated British Foods was under the cosh on Wednesday after Morgan Stanley cut its stance on the stock to ‘equalweight’ from ‘overweight’ and slashed the price target to 2,650p from 3,500p as it took a fresh look at Primark.
US oil inventories register small decline
Commercial stockpiles of crude oil in the States registered a small drop last week, despite a large increase in imports.
London close: Financials and miners gain on eve of referendum
Shares of financials and miners continued their advance on the eve of the EU referendum, despite warnings from quite a few analysts that the result of Thursday's vote was too close to call.
Europe close: Stocks edge higher ahead of EU referendum vote
European equities overcame their caution ahead of Britain’s referendum on EU membership the next day, seeing the day out with moderate gains, although analysts were in a cautious mood.
US open: Stocks edge higher ahead of UK referendum
US stocks edged higher in cautious trade on Wednesday, a day before Britain’s referendum on EU membership.
Eurozone consumer confidence unexpectedly drops in June
Consumer confidence in the Eurozone unexpectedly deteriorated in June, according to data from the European Commission.
US existing home sales rise to highest level since 2007 in May
Sales of existing US homes rose to a nine-year high in May, according to data from the National Association of Realtors.
FTSE 250 movers: Debenhams, Elementis sink on warnings
The FTSE 250 was trading just above the waterline on Wednesday afternoon, as investors remained cautious a day ahead of Britain’s referendum on EU membership.
Glenwick tumbles after walking away from reverse takeover talks
Glenwick has resumed trading after directors walked away from much-anticipated talks about a potential reverse takeover deal, sending its shares tumbling.