Overseas Trading: Global Stocks Sink Ahead of Central Bank Meetings

Global stocks are sharply lower ahead of policy meetings from the Federal Open Market Committee (FOMC) and Bank of Japan (BoJ), and amid "Brexit" anxiety

by Kirra Fedyszyn

Published on Jun 13, 2016 at 8:44 AM
Updated on Jun 24, 2020 at 10:16 AM

Global stocks are lower across the board, ahead of this week's U.S. Federal Open Market Committee (FOMC) and Bank of Japan (BoJ) meetings, as well as continuing jitters over the June 23 "Brexit" vote. The latest polls suggest the majority of Brits favor leaving the European Union (EU).

Japan's Nikkei dropped 3.5% on a stronger yen, as traders anticipate the BoJ will delay an interest rate cut. China's Shanghai Composite resumed trading after the Dragon Boat Festival, falling 3.2% on lackluster investment growth data. Hong Kong's Hang Seng and the South Korean Kospi gave up 2.5% and 1.9%, respectively.

Amid "Brexit" fears and declining crude oil prices, London's FTSE 100 was last seen 0.8% lower, after suffering its worst day since Feb. 11 on Friday. Meanwhile, France's CAC 40 is off 1.4%, and the German DAX has given up 1.3%.

overseas stocks june 13


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