European shares recover after five days of losses

Discussion in 'Market News' started by Lily, Jun 15, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The FTSE 100 rose 0.7%, and sterling climbed on upbeat wages and employment data, but EU referendum jitters remain

    European shares clawed bank some of their losses after a five-day losing streak caused by jitters about next week’s referendum on the UK’s membership of the European Union.

    Illustrating the volatility gripping stock markets, the FTSE 100 gained 43 points, or 0.7%, to reach 5,966 after reaching a high for the month of 6,300 last week. The pan-European Stoxx 600 index rose 0.9%, recovering some of the €600bn (£477bn) it had lost over the previous five days.

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