Stocks Market Update : Brexit fears continue to retreat, says Citi

SINGAPORE (June 22): Citi Research says equities and other risk assets have gained strength thus far this week as fears of a "Leave" outcome in the UK's EU referendum have been receding.

"Perhaps investors are taking comfort in apparent loss of momentum in the Brexit campaign," Citi's analysts say in a Tuesday report.

Citi says that even though opinion polls suggest that results of the referendum may be "too close to call", prediction market expectations of a vote in favour of Brexit have dropped to around 26%, from about 40% last week.

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