Morning Markets: And they're off!
- Britain votes: 0600 GMT to 2100 GMT
- Eurozone: Manufacturing & Services PMIs (0800 GMT)
- US: Chicago Fed National Activity Index (1230 GMT)
- US: Manufacturing PMI (1345 GMT)
- UK-vote uncertainty weighed on sentiment in Asia, with many expecting a stay result
- The Nikkei 225 headed higher and at 0500 GMT it was up 0.73% to 16,184
- At the same time, the Shanghai Composite was down 0.83% to 2882
- Japan's flash manufacturing PMI contracted for the fourth straight month to 47.8
- The S&P/ASX200 made modest gains after a wobbly start; it was up 0.2% at 0500 GMT
- The US dollar edged higher against the yen: it was worth ¥104.7450 at 0047 GMT
- The appeal of higher interest rates lifted currencies Down Under
- The Australian dollar soared above 0.75; it was worth 0.7519 at 0047 GMT
- The NZ dollar hit its highest level since June 2015; it was worth 0.7168 at 0102 GMT
- Banks and FX traders are getting ready for any Brexit or Bremain impact
From the Floor
Watch out. “It will be very difficult in a Brexit scenario because of the high degree of volatility” says Hardy
Taking a punt. “Gold is the exception as the Vote Leave risk premium has been priced out”, says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
It's a busy day for economic news despite the Brexit vote distraction. In particular, James Picerno writes, June's US Manufacturing PMI is on track to show sluggish but firmer output.
Today's UK vote will see the unusually quiet gold market swing back into action; a pro-Brexit result could trigger fresh highs above $1,300/oz, says the team at Saxo APAC sales trading.
Voting starts today in the UK referendum with bookies firmly in the remain camp. One thing is for sure, the risk is to the downside, explains Kay Van-Petersen.
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
Click here to make sure you're up to date with the latest developments.