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Market News Update-14 July 2016

Markets Stress Lowers After Theresa May Becomes UK Prime Minister

Equities and currencies were positive as stress left market place. prime minister on Wednesday after being appointed by Queen Elizabeth shortly after the monarch accepted David Cameron’s resignation.

The pound rebounded over the past two days and continued this morning in the Asian session gaining 26 points to 1.3172.

The FTSE soared to a high of 6717. And closed at 6670.40.

The Nikkei 225 soared 4% today as Prime Minister Shinzo Abe promised a large fiscal stimulus to boost the economy after his coalition clutched a super majority in the parliamentary election over the weekend

 

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