Europe

The global rush to safe-haven assets continued on Thursday as investors focused on next week’s looming referendum about whether the U.K. will maintain its membership in the European Union.

The global rush to safe-haven assets continued on Thursday as investors focused on next week’s looming referendum about whether the U.K. will maintain its membership in the European Union.

The global rush to safe-haven assets continued on Thursday as investors focused on next week’s looming referendum about whether the U.K. will maintain its membership in the European Union.

A vote in favor of leaving the European Union in the U.K.'s referendum on membership next week could adversely affect the global economy, the Bank of England said Thursday.

A vote in favor of leaving the European Union in the U.K.'s referendum on membership next week could adversely affect the global economy, the Bank of England said Thursday.

Former German minister of economics, KT zu Guttenberg, who served under Chancellor Angela Merkel, said if the outcome is for the U.K. to leave the EU, the implications would be “severe.”

Soft inflation, business investment, and a slowdown in the labor market kept the Fed on hold with respect to interest rates in July, but a looming vote in the U.K. also weighed on U.S. central bankers' minds.

Soft inflation, business investment, and a slowdown in the labor market kept the Fed on hold with respect to interest rates in July, but a looming vote in the U.K. also weighed on U.S. central bankers' minds.