Overseas Trading: European Stocks Charge Higher Ahead of 'Brexit'

Japan's Nikkei sat out the global rally on a strengthening yen

by Karee Venema

Published on Jun 22, 2016 at 8:39 AM

Asian markets finished mixed amid a low-volume session, with trading subdued ahead of tomorrow's highly anticipated "Brexit" vote in the U.K. In Japan, the Nikkei gave back a portion of its recent gains, closing down 0.6%, as a strengthening yen applied pressure to exporters.

Things were more upbeat elsewhere in the region. China's Shanghai Composite, for instance, added 1%, while Hong Kong's Hang Seng tacked on 0.6% and South Korea's Kospi rose 0.5%.

European benchmarks are higher at midday, getting a lift from tech and financial stocks, as well as rising oil prices. Today is the final day of campaigning before tomorrow's "Brexit" referendum, with traders also keeping a close eye on U.S. Fed Chair Janet Yellen's second day of testimony in front of Congress. At last check, the German DAX is up 1.1%, London's FTSE 100 is 0.8% higher, and the French CAC 40 is flirting with a 0.7% lead.

Overseas Trading June 22

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