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North American stocks go up as Brexit consequences become clearer



Stock markets and commodities prices rose for a second straight day, as fears about the impact of Britain leaving the EU ease.



29.Jun.16 11:24 PM
By Anastasia Sutulova
Photo Toinnov.com

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North American stocks go up as Brexit consequences become clearer
After Thursday’s referendum, the S&P/TSX composite index in Toronto lost 440 points in two days. By now, it has already recovered almost 80% of it.

The Canadian dollar also went up for a second day, by 0.35 of a U.S. cent in total, and stopped at 77.07 cents US.

Oil prices continued to recover as well, with the August contract for benchmark North American crude increasing by $2.03 and amounting US$49.88 a barrel. On the opposite, August natural gas lost three cents and stopped at US$2.86 per mmBtu

While August gold bullion rose $9 to US$1,326.90 a troy ounce, September copper increased a penny to US$2.19 a pound.

According to azinnov.com, if we take a look at the New York indexes, the tendency will be the same. The Dow Jones industrials gained 284.96 points amounting 17,694.68, while the broader S&P 500 added 34.68 points to 2,070.77. The Nasdaq composite rose 87.38 points to 4,779.25.




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