Stocks and oil prices gain as Brexit nerves settle
markets open; updates prices; adds Moody quote, European banks index; changes dateline from buy canada goose jacket LONDON)
By Hilary Russ
NEW YORK, June 29 (Reuters) Stock markets around the world rebounded for the second day canada goose uk outlet on Wednesday as fears about last week Brexit vote eased and investors wagered central banks would ultimately ride to the rescue with more stimulus.
Oil prices rallied canada goose store and Wall Street was sharply higher, turning positive for the year. Britain FTSE 100 recovered all its post Brexit losses to close at the highest level canada goose clearance sale since April.
UK and European banks, a focus of concern since cheap Canada Goose Britain shocked Canada Goose Coats On Sale global markets by voting Canada Goose online to leave the European Union, extended a recovery from two days of trading that had knocked almost 40 percent off shares in Barclays and RBS.
An index of major European banks was uk canada goose outlet up for the second straight day, but the gains could not come close to offsetting losses in the first two trading sessions after the referendum. Still, stock markets in Frankfurt, Paris and London all gained more than 2 percent.
the initial panic from Brexit appears to canada goose clearance have Canada Goose sale eased, a huge amount of uncertainty remains, which could continue to weigh on sentiment for a while, said Craig Erlam from online brokerage Oanda.
The S buy canada goose jacket cheap financial stocks index, which was hit the most since the referendum, was up 1.13 percent.
The Dow Jones cheap canada goose uk industrial average rose 216.17 points, or 1.24 percent, to 17,625.89, the S 500 gained 27.9 points, or 1.37 percent, to 2,063.99 and the Nasdaq Composite canadian goose jacket added 73.82 points, or 1.57 percent, to Canada Goose Jackets 4,765.68.
Sterling, the other big canada goose factory sale victim on Friday and Monday, was last up 1.4 https://www.officialcanadagoosesoutlet.ca percent at $1.3522 against canada goose coats on sale the dollar to recover a full 4 cents after Monday 31 year low.
Markets face a prolonged period in limbo while a new UK prime minister is selected and officials come to grips with the possible scenarios for Britain departure.
At the heart of the recovery are expectations that major canada goose coats central banks will go easier on monetary policy in anticipation of another hit to global growth from Europe. 30 year canada goose black friday sale Treasury yield approached record lows in a scramble for long dated bonds on bets of more unconventional stimulus measures from major central banks. Federal Reserve, the ECB Canada Goose Parka and the Canada Goose Outlet BOE, to provide more liquidity, guidance and clarity to support markets, said Stephen Woods, chief market strategist for Russell Investments in New York.
Fed canada goose uk black friday is going to be slower to uk canada goose begin raising rates again, said Mark Zandi, Moody Analytics chief More economist.
Oil prices jumped after a canada goose larger than expected weekly drawdown in inventories, adding to its rally on fading concerns over Brexit and a looming strike by Norwegian oil and gas field workers.
Gold was firmer around $1,323.50 an ounce, off a low Canada Goose Online of $1,305.23 touched Tuesday. canada goose uk shop (Additional reporting by Patrick Graham in London; Sam Forgione and Barani Krishnan in New York; Wayne Cole in Sydney and Yashaswini Swamynathan in Bengaluru; Editing by Jeremy Gaunt and Nick Zieminski).