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Global stocks fall on Brexit worries

U.S. stocks are pointing down this morning as concern grows over a potential UK exit from the European Union. The S&P is down 0.29%, and the Dow is down 0.31%.

Asian markets were down Monday as the Japanese yen climbs. The Shanghai was down 3.51% while the Nikkei was down 3.21%.

In Europe markets are lower today with banking stocks leading the way down. The FTSE is down 0.78%, while the DAX is down 1.29%.   

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.53 to $48.54 per barrel, while natural gas is up $0.04 to $2.60. Metals prices are higher. Gold is up $10.20 to $1,286.10 per ounce and platinum is up $2.40 to $996.60. The Dollar is down versus the Euro and the Yen.

Eclipse Resources Corporation(ECR), Pretium Resources Inc (PVG), and McEwen Mining Inc (MUX) are early risers, while MGT Capital Investments, Inc.   (MGT), ArcelorMittal (MT) and Williams Companies, Inc. (WMB) are down. [InvestorsKeyhole, news and data sources]

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Michael Haden

Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk.