Markets are likely to be skittish this week
ahead of the June 23 referendum vote in the United Kingdom (UK), where Britons
would decide either to remain or leave the European Union (EU).
Weekend polls showed the remain camp gained a
narrow lead; a YouGov poll for The Sunday Times newspaper published at the
weekend showed 44 percent supported remaining in the EU versus 43 percent who
supported leaving, based on interviews conducted on Thursday and Friday.
Two other polls also showed public opinion
tilted towards the remain camp. Global stock markets struggled to eke out gains
last week; the Dow Jones industrial average lost 1.07 percent for the week, its
worst performance since the one ended May 13.
The S&P 500 index
lost 1.19 percent for the week, while the Nasdaq composite dropped 1.92 percent
for the week.
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