Brexit aftermath

Market pressure eases after Brexit rout

In mid-morning trading, the index was up more than 2% at 6,113.03, while theFTSE 250 had gained 2.6%.

The FTSE 100 lost 5.6% in the previous two trading sessions, while the more UK-focused FTSE 250 had slumped 13.7%.

The pound also showed signs of recovery, rising 0.6% against the dollar to $1.3307.

Brexit: What the UK credit downgrades mean for Asia

As the Economist described in its rather scathing report of the current situation in the UK: "Britain is sailing into a storm with no-one at the wheel."

The latest news out of the UK - the two credit downgrades from Standard & Poor's and Fitch respectively - have just further underlined the uncertainty about the British economy, especially when they come accompanied with statements like this one from S&P: "This outcome is a seminal event, and will lead to a less predictable, safe and effective policy framework."

Brexit vote: Bitter exchanges as EU parliament debates Brexit

Much of the anger was aimed at leading Leave campaigner, UKIP's Nigel Farage, who was at one point accused of using "Nazi propaganda".

UK Prime Minister David Cameron is to meet European Union leaders for the first time since the UK voted to leave later on Tuesday.

He is stepping down to allow his successor to conduct exit negotiations.

Opening the session at the European Parliament, European Commission chief Jean-Claude Juncker urged the UK to clarify its position on Brexit as soon as possible.

Japan stocks continue to gain despite the Brexit turmoil

After initial losses in morning trade, the Nikkei 225 index continued to build onMonday's gains and was up by 0.5% to 15,387.99 points.

With the yen remaining strong, Japanese exporters though continued to suffer.

Japan stocks continue to gain despite the Brexit turmoil

After initial losses in morning trade, the Nikkei 225 index continued to build onMonday's gains and was up by 0.5% to 15,387.99 points.

With the yen remaining strong, Japanese exporters though continued to suffer.

Japan stocks continue to gain despite the Brexit turmoil

After initial losses in morning trade, the Nikkei 225 index continued to build onMonday's gains and was up by 0.5% to 15,387.99 points.

With the yen remaining strong, Japanese exporters though continued to suffer.

Racist abuse in UK reported since vote to leave EU

Anti-immigrant leaflets saying "Leave the EU - no more Polish vermin" were put on cars near a school, local police said, the day after the country voted to leave the European Union.

On Sunday, the Polish Social and Cultural Association in Hammersmith, west London, was allegedly vandalized with a racist slogan.

Conservative politician and lawyer Baroness Sayeeda Warsi, who quit the "Leave" campaign shortly before the vote, told Sky News that organizations working with race crime victims had seen a rise in reports of abuse since the Brexit vote.

EU leaders reject informal talks with UK

German Chancellor Angela Merkel hosted talks with French President Francois Hollande and Italian Prime Minister Matteo Renzi in Berlin.

The leaders called for a "new impulse" to strengthen the EU.

Last Thursday, British citizens voted 52-48 in favour of leaving the EU in a historic referendum.

Together with the UK, Germany, France and Italy have the largest economies in the EU.

Will Brexit affect touring musicians?

Even hard-rocking Texas band ZZ Top watched the results unfold on their tour bus.

"We were just curious," singer Billy Gibbons told the BBC. "It was wild.

"I was watching in Las Vegas. If you think a dice game has good odds, you should have been in the big betting room there.

"The odds were huge. It was Britain all the way."

Stabilising the EU

Germany, France and Italy are meeting to discuss the Brexit decision.

The BBC's Damian Grammaticus says that while they would like the process to begin as soon as possible - they also understand that there is a significant crisis in the UK and that it could take some time.

Their priority will be to stabilise things and send out messages of confidence, stressing that they continue to back the EU.

 

Osborne seeks to reassure financial market