【 European Stocks Close 】 Market Expects UK to Stay in Europe, European Stocks Rise Five consecutive Yangs

On Thursday, European stock markets rose for the fifth consecutive day, benefiting from gains in banking and mining stocks, with the market eagerly awaiting the outcome of the Brexit referendum.


Influencing factors


The Brexit referendum is highly anticipated, and investors expect the UK to choose to stay in Europe.


The Brexit referendum is scheduled for early Friday morning Beijing time5End of time, expected Friday morning local time5Point will publish the results. Bank stocks surged sharply2.7%, recorded from2011The largest five day increase since the beginning of the year.


Gai　CapitalanalystFawad RazaqzadaIt is said that for weeks, market participants have been speculating about the outcome of the UK referendum, although the results will not be announced until Friday morning, but it seems that the market has made a choice.


【 Stock Market 】 Pan EuropeanSTOXX 600Index andFTSEurofirst 300The index rose separately1.5%and1.3%Both indices closed at their highest in about two weeks.


[blockquote]
GermanyDAXindex6month23Day (Thursday) closing up181.44Point increase1.80%Report10252.50Point;


FTSE100index6month23Day (Thursday) closing up79.81Point increase1.27%Report6341.00Point;


FranceCAC40index6month23Day (Thursday) closing up87.27Point increase1.99%Report4467.30Points.[/blockquote]

Italian bank stocks outperformed due to a significant drop in Italian government bond yields, with Italian banks holding large amounts of government bonds.


Mining stocks such as Glencore rose as London copper prices approached two-week highs.Foreign exchange gold


The pound fell against the US dollar after hitting a high for the year, and investors held their breath for the outcome of the Brexit referendum. The results of the referendum are expected to be released early Friday morning.


The pound surged sharply in morning trading1.5%, it is the first time this year that it has been elevated1.49After the entry of US traders, it fell back. Full day rise0.75%Report1.4815. The pound is expected to rise this week4%ButoptionThe market still shows the future24The uncertainty of hours is at a record high.


The implied volatility of GBP/USD rose to its highest overnight level125%Traders say that it is actually impossible for fund and corporate buyers to trade at this level. In the middle of Thursday afternoon, it fell to60-70%Interval, but still higher than2008The level after the annual financial crisis.


Head of Global Markets Europe at Mitsubishi Tokyo UFJ BankDerek HalpennyWe saw a strong rise in the pound this morning, but it may have been a bit overwhelming, and there are still some people who are unwilling to take risks before the results are released.
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