Sunday, 19 June 2016

US MARKET NEWS 20 June 2016

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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