While you were sleeping: Stocks, pound rebound

Tue, 28 Jun 2016

By Margreet Dietz June 29 (BusinessDesk) - Equities on both sides of the Atlantic rose as investors picked up some bargains following a two-day Brexit-inspired rout amid expectations that central banks will follow through on their promise to help if needed. Europe’s Stoxx 600 Index finished the day with an advance of 2.6 percent from the previous close. Germany’s DAX index rose 1.9 percent, the UK’s FTSE 100 index rallied 2.6 percent, while France’s CAC 40 index also added 2.6 percent. “Stocks are rebounding on the expectation that the...

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