Friday, June 24, 2016

US futures tumble after UK votes to quit EU; David Cameron plans to resign


Germany"s Brexit Strategy | Squawk Box | CNBC

A bid for "safe-haven" assets early on Friday saw 10-year U.S. Treasury note yields hit a low of 1.406 percent, its lowest since July 26, 2012. The yield recovered to near 1.49 percent as of 6:57 a.m. ET.

The 2-year yield hit a low of 0.499 percent, its lowest level since April 17, 2015.

Spot gold prices rose about 5 percent to near $1,327 an ounce, after earlier hitting its highest in more than 2 years.

Brent and WTI crude futures for August fell about 5 percent, to around $48.28 a barrel and $47.63, respectively.

U.S. stocks closed more than 1 percent higher on Thursday, with the pound near year-to-date highs against the dollar, as expectations rose that the U.K. would vote to remain in the EU.

Source: http://www.cnbc.com/2016/06/24/us-futures-tumble-after-uk-votes-to-quit-eu-uk-pm-says-plans-to-resign.html

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