Critical information ahead of the U.S. market’s open
by Barbara Kollmeyer
An eerie calm has settled on markets, while others are rebounding. Unfortunately there’s no getting around the hard truth that it’s partly on the back of the death of U.K. politician Jo Cox, gunned down on Wednesday as a heated campaign rages over EU membership.
“The assumption is that the tragic event will sway the undecided to vote Remain and possibly even reverse some of the Leave momentum seen in recent polls,” Accendo Markets’ Mike Van Dulken wrote to clients on Thursday morning. Cox was an anti-Brexit campaigner.
As it stands, European stocks are rallying, and safety spots like gold are lower. The pound, as our chart of the day shows, is climbing as well.
Unfortunately for markets, they’ve been down this uneasy path of colliding with tragedy before — a situation no one is easy with, as The Wall Street Journal notes.