Morning Briefing: Equities gain as Britain votes

Morning Briefing: Equities gain as Britain votes

Morning Briefing: Equities gain as Britain votes Equities gain as Britain votes
The last poll to be published before Brits began their historic vote on EU membership suggests that the majority will opt to remain in the bloc. Voting continues until 10pm UK time Thursday (3am ET Friday) with the result due by early morning.

The markets have been expecting a remain vote and major indexes reflect the latest poll results with most gaining – Friday’s session could be very different of course!

Asian markets closed mostly higher with Shanghai and Seoul declining. European indexes are higher with Germany up more than 2 per cent and the UK gaining 1.5 per cent.

Oil has once again gained ahead of the Brexit vote.

Wall Street and Toronto are expected to open slightly higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,780.83 (-0.27 per cent) +1.65 per cent -2.00 per cent
TSX Composite 14,003.81 (-0.06 per cent) +0.61 per cent -6.05 per cent
 
Europe (at 5.30am ET)
UK FTSE (previous) 6,356.01 (+1.51 per cent) +3.58 per cent -7.01 per cent
German DAX 10,290.64 (+2.18 per cent) +4.56 per cent -10.85 per cent
 
Asia (at close)
China CSI 300 3,117.32 (-0.53 per cent) +0.97 per cent -34.87 per cent
Japan Nikkei 16,238.35 (+1.07 per cent) -2.50 per cent -21.97 per cent
 
Other Data (at 5.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
50.79
(+1.82 per cent)
49.92
(+1.61 per cent)
1266.30
(-0.29 per cent)
U$0.7873
 
Aus. Dollar
U$0.7580

 
Asia leads the world for millionaires’ wealth
Asian millionaires now hold more of the world’s wealth than North America or anywhere else according to a report from consulting firm Capgemini.
Asian millionaire’s wealth was up 9.9 per cent in 2015 while weakness in Canadian and US equities saw wealthiest North Americans increase their worth by 2.3 per cent.
The volume of wealth for Asia’s richest residents reached U$17.4 trillion while North Americans had $16.6 trillion in 2015.