With the imminent referendum on whether the UK should stay a member of the European Union approaching, how reliable are the opinion polls?
Editor’s Picks 14 June 2016 at 5:45 GMT

Asian shares slide as Fed, Brexit take their toll

Asian stocks slipped on Tuesday ahead of the US Federal Reserve's two-day meeting that begins later in the day, amid growing worries this month's referendum in Britain could see it exit the European Union. The pound and euro have suffered in recent sessions as economists fear a so-called Brexit would tip Europe back into recession. Voters appear divided ahead of the June 23 referendum, with the "Out" campaign widening its lead over the "In" camp, according to two opinion polls published by ICM on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6%, after Wall Street lost ground for the third straight session. Japan's Nikkei stock index skidded 1.5% after tumbling 3.5% on Monday. "Short-term hedge funds have started betting on Brexit, and futures players will likely dominate the market's move today," said Norihiro Fujito at Mitsubishi UFJ Morgan Stanley Securities. Uncertainty over this week's Federal Reserve policy meeting has weighed on markets.
Read full article at Reuters


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