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Markets

Global stocks rally from Brexit rout

Opening sequence

Opening sequence

Markets

Global stocks rally from Brexit rout

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17:06
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COMING UP:Global stocks rally from Brexit rout

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Transcript

00:00:00
>>
APPLAUSE
>> And what the impact on the world's economy will ultimately be.
00:00:20
Here in the U.S, the DOW recovering just a fraction of the nearly 900 point drop seen in the wake of Brexit. Globally $3 trillion in market value wiped out in the two trading sessions following Britain's unexpected decision to break away from the European Union. But markets rebounding Tuesday from Tokyo to London to New York as investors seek opportunities in the wreckage.
00:00:45
Of the top 10 biggest gainers in the S&P 500, more than half were energy stocks. It took a looming strike in Norway, Europe's biggest oil producer, to break Brexit's spell on oil prices. Banks like Citibank, poster children for the post Brexit tumble recovering some of the massive losses.
00:01:04
And investors also willing to take a chance the global airline industry won't be disrupted as much as feared snapping up shares of American Airlines. But the modest recovery of global stocks reveals an underlying anxiety. Investors are still unsure of how this Brexit vote is going to play out, and if the breakup will happen at all.
00:01:25
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