none

BRITAIN STRUGGLES; AUSTRALIA RECOVERS

30-06-2016
by 
in 

British and European stocks have fallen 3 percent, but Australia's markets fell by only 1 percent during the trading day, recovering later in the afternoon and avoiding the downwards trend of other markets.

Shares in the big four banks have all risen by between 0.09 to 0.5 percent, and James Packer's Crown Resorts also rose by 0.5%. Further, the Australian dollar has already begun to recover after the initial sell-off, trading at 73 US cents to the AUD.

Not all outlooks are strong: mining stocks are now dropping, after a surprise boost to iron and gold immediately after the Brexit: gold miner St Barbara dropped from $3.28 per share to $3, and Fortescue Metals fell from $3.53 to $3.40 per share.

This accompanies a downturn in the All Ordinaries Index (-37 points), and energy and oil shares.

Market fluctuations and uncertainty over the exact state of Britain's economic future disrupt reliable market predictions.

Both political and economic figures in the EU are urging Britain to make a final decision and either activate Article 50 (which will immediately trigger the two-year leaving process), or pledge to remain despite the referendum results.

Related news & editorials

  1. 26.10.2021
    26.10.2021
    by      In
    Work, health and safety are fundamental to our lives and are, more than ever, a central focus for organisations.
    The Hunter region in NSW is well-known for leading the way in industry, this in turn has led to the region becoming champions of WHS.
    The Hunter Safety Award were born out of desire to... Read More
  2. 19.10.2021
    19.10.2021
    by      In
    There is no doubt that the recent AUKUS agreement between Australia, USA and the UK was a surprise to just about everyone on the planet!
    Taking a closer look into the government’s decision to commit to the AUKUS alliance, much of what has been reported by mainstream media has been inaccurate or... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  4. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
Products
Suppliers