Share

European stocks little changed as investors turn cautious

Frankfurt - European stocks were little changed, paring earlier gains, as investors turned cautious before Thursday’s UK vote on European Union membership.

Miners were among the best performers on the Stoxx Europe 600 Index, with Anglo American and ArcelorMittal rising at least 1.1% as industrial metals climbed. Statoil ASA led a gauge of oil companies higher as crude advanced.

The Stoxx Europe 600 Index added 0.1% at 09:41, trimming an advance of as much as 0.5%.

Shares capped their biggest three-day advance in almost 10 months yesterday after surveys showed the UK campaign to stay in the EU gained ground. While newer polls were  split on the outcome, betting shops are placing the odds for “Remain” at about 80%, according to Oddschecker data. They see only a one-in-four chance of a secession. The FTSE 100 Index gained 0.1%.

The Stoxx 600 began a rebound on Friday as Brexit concern eased amid a suspension in campaigning following the murder of Labour Party lawmaker Jo Cox. The equity gauge has struggled to maintain momentum after rallying 16% from a February low to an April 20 high. It’s still down 2% in June, on track for its first monthly drop in four.

Among stocks moving on corporate news today, Merlin Properties Socimi gained 5.2% after agreeing to a merger with Metrovacesa to create the largest Spanish property rental group.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.90
-0.0%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.1%
Platinum
908.75
+1.3%
Palladium
1,014.28
+1.3%
Gold
2,221.04
+1.2%
Silver
24.86
+0.9%
Brent-ruolie
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders