"The global financial markets have been really roiled in the past few days by the whole Brexit vote in the UK last week. But today seems to be a bit of calm returning to the markets. I'm watching the indexes for Asia on my screen and they started out the morning, a lot of them in red, in negative terriroty. I've been watching them tick into the green or kind of flat, which is a lot better than the past few days where Tokyo's stocks were down eight percent on Friday. So things are getting a bit less turbulent now. What one sales trader told me, he compared it to a spring that you pull it and it bounces up and down. And another thing is that today Japan's Prime Minister asked his top officials to kind of keep an eye on the markets and the exchange rates and take the necessary steps to calm them down.
World stock benchmarks stabilized Tuesday after days of stomach-churning swings as investors started shaking off the jitters from Britain's vote to quit the European Union and its messy aftermath.
European benchmarks rose in early trading, with France's CAC 40 up 1.2 percent to 4,084.22 and Germany's DAX up 2.2 percent to 9,469.34. Britain's FTSE 100 rose 2.2 percent to 6,110.54. U.S. stocks were poised to open higher. Dow futures climbed 1.2 percent to 17,194.00 and broader S&P 500 futures were up 1.2 percent to 2,008.20.
Uncertainty and anxiety over the outcome of last week's vote roiled global financial markets, sent the pound to its lowest level in three decades and prompted ratings agencies to slash their top-shelf credit rating for the U.K.