As the United Kingdom’s EU referendum draws near, volatility in global financial markets have escalated.
Surveys showed support for Brexit is gaining ground, igniting woes about prolonged uncertainty which could lead to losses in markets and hamer economic progression.
In the United States, the S&P 500 slipped 0.8%. Meanwhile, Asia recorded the largest losses, with main stock indices in China and Japan dropping 3.2% and 3.5%, respectively.
The figures indicated the market is digesting a significant matter which investors and portfolio managers have dismissed for the longest time, even as woes about the impending UK vote irked policymakers.
The material has been provided by InstaForex Company – www.instaforex.com