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Australian stock market expected to plunge amid Brexit fears

Discussion in 'Market News' started by Lily, Jun 12, 2016.

  1. Lily

    Lily Forum Member

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    Polling before the British referendum has rocked European and US stocks, setting Australia up for a fall after long weekend

    Fears of economic instability in the eurozone are set to send shockwaves through the Australian stock market as the world sweats over whether Britain will bail on the EU.

    Polling before the Brexit referendum rocked European and US stocks on Friday, setting Australia up for a fall when the market reopens on Tuesday, according to AMP Capital’s chief economist, Shane Oliver.

    Related: Sterling and FTSE 100 floored by Brexit worries

    Related: Australia moves to allow stock exchange operators to compete with ASX

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