Brexit News Archive: 02 Jun 2016

'Labour's Brexit crisis: Now it's civil war' - what newspapers in Britain and around the world said on Thursday morning

Our Foreign Staff / Telegraph   |   Wed, 29 Jun 2016 22:35:52

Statoil warns of threats to green energy

Norwegian group points to UK's Brexit vote as example of risk to co-operation on climate change
FT   |   Wed, 29 Jun 2016 22:33:22

Global Medical IPO benefits as safe haven

Global Medical REIT defied market expectations by raising US$130m from its IPO Tuesday. The offering was larger than expected, benefiting from a timely move by investors into defensive, yield-oriented stocks in the wake of last week's surprising Brexit vote.
IFR   |   Wed, 29 Jun 2016 22:04:00

EUR/USD closes the day above 1.1100

EUR/USD ended the day above 1.1100 as the rebound extended into a second day Wednesday, with the dollar trading broadly weaker. As the Brexit dust se
Ani Salama / FX Street   |   Wed, 29 Jun 2016 21:58:32

Renzi rebuffed on bank bail-in sidestep

Merkel and ECB dismiss Italian premier's attempt to exploit Brexit turmoil
FT   |   Wed, 29 Jun 2016 21:29:16

The Biggest Question On Trader's Minds

The market has bounced nicely the past two days after the Brexit selloff. Now, here's the biggest question on trader's minds: Is this just a [...] The post The Biggest Question On Trader's Minds appeared first on Joe Fahmy The Next Big Move .
Joseph Fahmy   |   Wed, 29 Jun 2016 21:27:22

Market Recap Jun 29, 2016

Remember when CNBC told us for 2 weeks that Brexit was going to lead to the end of humanity as we knew it? Well the stock market finished today nearly where it was 7 trading days ago. The zombies that came out to eat us alive are confused, and all ...
Stock Trading To Go   |   Wed, 29 Jun 2016 21:24:33

ETF Investors Can't Get Enough of High-Yield Bonds

Amidst the Brexit induced shakeup, speculative-grade high-yield bond exchange traded funds attracted huge inflows as an extended low-rate outlook bolstered the case for yield-generating assets. Following the United Kingdom's Brexit tally, investors piled $291 million into the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG), reports Rachel Evans ...
ETF Trends   |   Wed, 29 Jun 2016 21:14:54

US stocks extend gains into second day

US stocks extended gains for a second session on Wednesday turning back positive for the year as Brexit worries continued to ease while oil prices ris
Ani Salama / FX Street   |   Wed, 29 Jun 2016 21:03:00

"Brexit" Beats "Porn" On Google Search

For the hours leading up to the "Brexit" vote as well as in the aftermath of the United Kingdom's colossally stupid decision to leave the European Union, the term "Brexit" was search more around the globe than porn which is [...] The post "Brexit" Beats "Porn" On Google Search appeared ...
Value Walk   |   Wed, 29 Jun 2016 20:34:50

Gold resumes advance

Gold resumed the rise on Wednesday underpinned by dollar weakness and lingering uncertainty surrounding the Brexit. The yellow metal closed the day ar
Ani Salama / FX Street   |   Wed, 29 Jun 2016 20:23:42

Does the U.K. Still Have a Claim to a U.N. Security Council Seat? Yes (More than Russia!)

Now that Brits have voted to leave the EU, outraged critics have been saying its global influence will decline and questions must be raised about why it still has a U.N. Security Council seat.Nonsense. The British deserve that seat far more than one of the other permanent members of the ...
National Review   |   Wed, 29 Jun 2016 20:23:04

Gold, silver climb on dollar and appetite for security

Gold rose on Wednesday as the dollar retreated and investor appetite for safe assets remained strong.
CNBC   |   Wed, 29 Jun 2016 20:12:00

STOCKS SOAR: Here's what you need to know (SPY, SPX, DJI, IXIC, TWLO)

Stocks rallied for a second straight day as the calm that returned to markets following the post-Brexit chaos persisted. The S&P 500 returned to positive territory for the year, and the UK's FTSE 100 erased its post-Brexit losses as did crude oil. First, the scoreboard: Dow: 17,679.82, +270.10, (1.55%) S&P ...
Business Insider   |   Wed, 29 Jun 2016 20:00:02

TREASURIES-U.S. bond prices fall as stock market recovers further

* U.S. 30-year yields near record lows before late spike * Nearly $12 trillion bonds now with negative yields -Fitch * Quarter-end demand seen capping rise in long-dated yields * Brexit...
Reuters   |   Wed, 29 Jun 2016 19:54:48

Who's Next to Exit? France... or Maryland?

Freedom in Our Nostrils BALTIMORE - "Brexit aftershocks send global markets tumbling," said Yahoo Finance. The Dow fell another 260 points on Monday - or about 1.5% - as central banks pledged to do "whatever it takes" to protect Deep State interests. It seems the Brexit is already forgotten - ...
Acting Man   |   Wed, 29 Jun 2016 19:51:25

Failure to Predict the Financial Crisis Does Not Discredit Economists

One of the criticisms that has emerged during the Brexit event is the criticism of experts and economists specifically. One claim that has been thrown around by many people during this event and for many years is the idea that economists are useless because they didn't predict the financial crisis. ...
Pragmatic Capitalism   |   Wed, 29 Jun 2016 19:44:50

UK Police Call Emergency Meetings After Explosion In Hate Crimes After Brexit

Submitted by Michaella Whitton via TheAntiMedia.org, U.K. police chiefs have called emergency meetings following an explosion in hate crimes across the country. The horrifying spike in racist attacks, which have come in the wake of Britain's vote to leave the European Union, has prompted police to call for enhanced sentencing ...
Zero Hedge   |   Wed, 29 Jun 2016 19:30:00

Brexit Briefly Passes Porn As Most Common British Google Search

From DealBreaker: Brexit Freakout Reaches Porn Levels Of Mass Hysteria We all had a good chuckle when those whacky Britons started to furiously Google "What is the EU?" after the whole world watched them vote to leave it. But we aren't laughing quite as hard now are we? Maybe that's ...
Climateer Investing   |   Wed, 29 Jun 2016 19:24:00

Current Links

**Most-Recent Must-Reads:** * **Timothy B. Lee**: [Brexit Isn't the Most Serious Threat to the EU - the Euro * **Jay Rosen**: [Facebook Backs Off on the View from Nowhere * **Andrew Golis**: [Comments Are Usually Garbage. We're Adding Comments to **Most-Recent Links:** * **Atrios**: [No One Will...
Grasping Reality   |   Wed, 29 Jun 2016 19:03:28

Brexit is about the United States, Donald Trump, and especially fear

In a recent blog post, Jacqueline Gehring argued that all the hand waving about "Brexit," the UK's decision whether to leave the European Union, and an imminent Trump victory were, at best, overblown. She claims that Great Britain has always been wary of its relationship to Europe and the EU, ...
Vox   |   Wed, 29 Jun 2016 18:30:03

Look to the Banks for Links Between U.K. and U.S., Says Goldman

For the U.S., the spillover effects of Brexit are likely to be felt most acutely in the banking system, according to Goldman Sachs.
MoneyBeat   |   Wed, 29 Jun 2016 18:09:27

Procrastinating on June 29, 2016

**Over at [Equitable Must-Reads:** * **Nick Bunker**: [How the U.S. housing boom hid weaknesses in the labor market - Equitable * **Timothy B. Lee**: [Brexit Isn't the Most Serious Threat to the EU - the Euro * **Jay Rosen**: [Facebook Backs Off on the View from Nowhere...
Grasping Reality   |   Wed, 29 Jun 2016 18:07:57

The Worst is Yet to Come--Don't be Seduced by the Price Action

After plummeting 18.6 cents, mostly in a few hours after it became clear that the Brexit would carry the day, sterling has rallied four cents from the low set on Monday. We recognized that the magnitude of the drop left sterling technically over-extended, but we caution against suggests that the ...
Marc to Market   |   Wed, 29 Jun 2016 18:02:49

Who's Behind Amazing #Brexit Photo? Lena Dunham Blasts Kanye West ... And More

A summary of art news for June 29, 2016.
NY Observer   |   Wed, 29 Jun 2016 17:42:44

Brexit Freakout Reaches Porn Levels Of Mass Hysteria

Boris Johnson is getting all kinds of famous.
Dealbreaker   |   Wed, 29 Jun 2016 17:32:39

Unthinkability Bias

Trump, Brexit and the hazards of groupthink.
WSJ Opinion   |   Wed, 29 Jun 2016 17:27:12

Barclays is out of crisis mode as Brexit worries subside

Telegraph   |   Wed, 29 Jun 2016 17:26:03

UK Conservatives line up to be next PM; Labour in 'shambles'

David Cameron might not be Brexit's only political victim; Jeremy Corbyn might soon follow him out the door The post UK Conservatives line up to be next PM; Labour in 'shambles' appeared first on Macleans.ca .
The Associated Press / Macleans   |   Wed, 29 Jun 2016 17:21:46

Mark Carney to live broadcast statement to soothe market anxieties

Bank of England head to speak on Thursday and has also met UK bank chiefs as part of contingency plan in wake of Brexit vote Bank of England governor Mark Carney is to live broadcast a statement on Thursday to soothe any anxieties about the health of the financial markets ...
Jill Treanor / Guardian   |   Wed, 29 Jun 2016 17:17:30

Will These REITs Get Brexited?

Seeking Alpha   |   Wed, 29 Jun 2016 17:05:48

'Giant red flag' in German bund: Pro

Following signals from the global bond markets after the Brexit vote, with Jack Bouroudjian, Director of UCX, and CNBC's Bob Pisani.
CNBC   |   Wed, 29 Jun 2016 17:03:00

M&A hit by Brexit and Trump uncertainty

Advisers say companies have pressed the 'pause' button on planned deals
FT   |   Wed, 29 Jun 2016 17:02:25

Aftershocks: An Index of Uncertainty Surges After

Quantifying the tremors that the British vote has spread, not just in Britain but across the Atlantic.
JUSTIN WOLFERS / NY Times   |   Wed, 29 Jun 2016 16:52:51

Dixons Carphone rings up 17% profit jump

Retailer dismisses Brexit concerns but urges government to ensure continued access to single market
FT   |   Wed, 29 Jun 2016 16:48:11

UBS Sales Desk: Technical Rally To End Shortly, Lows Could Be Retested Late July

The stock market Brexit bounce is likely to be short-lived, says a report from UBS sales trading desk. On a technical basis, wave patterns could take stocks higher in the short term, but a gravitational pull might take place near [...] The post UBS Sales Desk: Technical Rally To End ...
Value Walk   |   Wed, 29 Jun 2016 16:47:36

FTSE 100 closes above Brexit crisis levels

London's FTSE 100 index on Wednesday closed above "Brexit" crisis levels for the first time since the morning of the In-Out European Union referendum polling last Thursday. In a solid finish - and one of the best percentage gains of the year so far - the blue-chip ticker ended up ...
Proactive Investors   |   Wed, 29 Jun 2016 16:44:00

Can Michael Gove Make Sarah Happy?

Michael Gove and his columnist wife Sarah Vine are clearly a close couple, today's email reveals they are political co-conspirators as well. Pictured here on a post-Brexit stroll, the Justice Secretary is definitely sporting more than just a victor's grin. Is that a post-Brexit plan or is Michael just happy ...
Guy Fawkes' blog   |   Wed, 29 Jun 2016 16:43:36

Credit markets open up as groups sell debt

Investors move beyond turmoil triggered by Brexit
FT   |   Wed, 29 Jun 2016 16:14:27

Timmy's fun elsewhere

The Most Ludicrous Brexit Claim Yet - Britain Will Starve My thanks to Charlie Suet in the comments for alerting me to the New Yorker piece. Jeez, what are these people thinking? read more
Tim Worstall   |   Wed, 29 Jun 2016 15:52:46

Daily Mirror publisher to cut jobs after dramatic share-price slump

Trinity Mirror's shares have fallen 40% in the last six months - 20% since Brexit vote - with number of job cuts to be decided Trinity Mirror has started a round of targeted cuts of editorial staff as the owner of the Daily Mirror faces up to a tough market ...
Mark Sweney / Guardian   |   Wed, 29 Jun 2016 15:41:47

AUD/USD hovers near weekly highs

Commodity currencies are on recovery mode on Wednesday against a broadly weaker dollar, as markets calm down a little following last week's Brexit sho
Ani Salama / FX Street   |   Wed, 29 Jun 2016 15:31:20

What happened to the truth?

CNN   |   Wed, 29 Jun 2016 15:28:27

Our 350 on BREXIT: MigrantsOrganise

"If you wish to organise, share your experience, speak out, join in actions of solidarity and welcome and connect with other communities, we are here to help." Dear members, supporters and friends, A lot has been said before and after the vote on the EU membership. The vote is to ...
Open Democracy   |   Wed, 29 Jun 2016 15:24:13

Home Builders Offer Shelter From Brexit, Shocks

CalAtlantic and Taylor Morrison are favored builders. Caesarstone gets a lift from the quartz secular growth story.
Barrons   |   Wed, 29 Jun 2016 15:11:02

Silver hits 18-month high

The price of silver has jumped over the last 24 hours, hitting levels not seen since January 2015 as the metal finally sparks into action following last week's referendum result. Many investors expected silver - dubbed the 'devil's metal' - to rally alongside gold in the days following Brexit, but ...
Proactive Investors   |   Wed, 29 Jun 2016 15:11:00

ManpowerGroup Faces Brexit Hit-Job

ManpowerGroup Faces Brexit Hit-Job The recruitment firm will see earnings stumble as it derives about 10% of its revenue from the UK.ManpowerGroup Faces Brexit Hit-Job The recruitment firm will see earnings stumble as it derives about 10% of its revenue from the UK.
Barrons   |   Wed, 29 Jun 2016 15:09:45

Brexit Panic Is Overblown; Charts Reveal Little New

European markets are now in turmoil following Brexit vote but long-term charts show little technical change.
Barrons   |   Wed, 29 Jun 2016 15:09:06

It looks like migration actually hasn't harmed workers in the UK

One of the biggest issues during the ongoing Brexit debate has been the question of migration. As such, Deutsche Bank macro strategist Oliver Harvey shared a chart in a recent note to clients showing the employment rate of UK born citizens and for non-UK born citizens. "The employment rate of ...
Money Game   |   Wed, 29 Jun 2016 15:08:15

PPL Pummeled by Pound, Brexit

PPL Pummeled by Pound, Brexit The firm generates approximately 60% of its earnings from its regulated utilities in the U.K. PPL Pummeled by Pound, Brexit The firm generates approximately 60% of its earnings from its regulated utilities in the U.K.
Barrons   |   Wed, 29 Jun 2016 15:06:38

Four Asset Managers Most Exposed to Brexit

Four Asset Managers Most Exposed to Brexit Invesco, BlackRock, Franklin Resources and Legg Mason have sizable presences in Europe.Four Asset Managers Most Exposed to Brexit Invesco, BlackRock, Franklin Resources and Legg Mason have sizable presences in Europe.
Barrons   |   Wed, 29 Jun 2016 15:06:16

Millennials in Brexit mourning

Notebook: Not enough young people could be bothered to turn out
FT   |   Wed, 29 Jun 2016 15:03:21

The FED Finds a Good Excuse to Extend and Pretend Through Brexit

The FED Finds a Good Excuse to Extend and Pretend Through Brexit Written by Nathan McDonald (CLICK FOR ORIGINAL) Brexit has happened. Those who are not happy with this reality are making their voices heard; yet, so too are those who are overjoyed to have their liberty and freedom back ...
Sprott Money / Zero Hedge   |   Wed, 29 Jun 2016 15:03:00

'Brexit' fall-out: Winners and losers

Impact of 'Brexit' on U.S. economy is likely modest.
USA Today   |   Wed, 29 Jun 2016 15:01:52

Donald Trump isn't just using the Brexit playbook. He's improving on it.

He's been Nigel Farage. Can he be Boris Johnson? The "Leave" campaign won the British referendum on Brexit last week by talking more like Donald Trump. Now, Trump is talking more like the Brexit campaign. In a speech on Tuesday he said, "Our friends in Britain recently voted to take ...
Vox   |   Wed, 29 Jun 2016 15:01:00

Investors reassess risks after Brexit

Money managers look more closely at events once considered unlikely - such as a Trump presidency
FT   |   Wed, 29 Jun 2016 15:00:20

The Brexit-proof stocks that investors are craving

Health, safety and even some traditional 'sin stocks' have already shown signs of weathering Brexit-related storms in European equity markets over the past week. The flight to safety in the aftermath of last week's Brexit vote is sending investors scurrying back into healthcare and consumer-related stocks that have shielded them ...
Times of Malta   |   Wed, 29 Jun 2016 14:59:00

Trump win 'equivalent to Brexit'

Business leader Glenn Hutchins says the U.S. needs to avoid at all costs self-inflicted "chaos and uncertainty."
CNBC   |   Wed, 29 Jun 2016 14:57:00

Scotland Is About To Have Its Own Currency And Much More: How JPM Sees Brexit Playing Out

Several days ago, we showed a schematic of what Citigroup thought the post-Brexit political timeline would look like. This was released before Brexit was official. Now that Brexit is official, JPM's Malcolm Barr has come out with his base case forecast of "How Brexit Happens." For those following the constant ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 14:50:10

#SafetyPin: Brits fight rise of racial abuse

A simple campaign to target racial abuse in UK calls on public to wear a #safetypin as a sign of solidarity with the country's immigrant population.
CNN   |   Wed, 29 Jun 2016 14:49:38

5 Simple Steps To A Brexit-Proof Portfolio

Britain's out - should you care? It depends on what's in your portfolio today. Here's a five-point checklist to help you Brexit-proof your nest egg. There's no shortage of noise floating around about the potential ramifications. Let's separate the headline worries from the second-level realities - and make sure your ...
Brett Owens, Contributor / Forbes   |   Wed, 29 Jun 2016 14:49:00

Stocks extend post-Brexit rally as TSX up almost 200 points

Stock markets continued to rally from their post-Brexit losses as they posted a second straight days of gains.
CBC News / CBC   |   Wed, 29 Jun 2016 14:47:04

U.S. long-dated Treasury ETF price hits all-time high

NEW YORK, June 29 (Reuters) - The share price of a large exchange-traded fund that tracks long-dated U.S. Treasuries rose to an all-time high on Wednesday as last week's Brexit vote stoked safe-haven...
Reuters   |   Wed, 29 Jun 2016 14:46:06

Make the UK the 51st state?

Don't freak out about Brexit; it's not the worst thing, writes David Wheeler. Instead, why not see it as opportunity for UK to become 51st state?
CNN   |   Wed, 29 Jun 2016 14:45:42

My 350 on BREXIT: I feel like I have lost hope

"Even the creeping steps toward fascism were taken by city boys like Farage and Tories like Carswell. This is different. The public did this." I predicted the vote would go this way. I told everyone that I was sure we would lose, although deep down I hoped that I was ...
Chris Diboli / Open Democracy   |   Wed, 29 Jun 2016 14:43:35

Income and Spending Balloon in May, Though Future Growth Uncertain

Analysts aren't sure how slower job creation and the aftermath of the Brexit vote will weigh on consumers' wallets.
Andrew Soergel / U.S. News   |   Wed, 29 Jun 2016 14:40:00

Brexit & The NY Fancy Food Show: The Impact On Imported Foods

Timing as they say, is everything. As the doors to the 2016 Summer Fancy Food Show opened last Friday at New York City's Jacob Javits Center to a record-breaking 46,000 attendees, UK's Prime Minister David Cameron announced the results of the UK's Brexit vote and his resignation. Newscasts are still ...
Phil Lempert, Contributor / Forbes   |   Wed, 29 Jun 2016 14:38:00

Future of US-UK 'special relationship'

In the wake of last week's Brexit referendum, a new rival may increasingly compete for the U.K.'s favor.
CNBC   |   Wed, 29 Jun 2016 14:36:00

Brexit And Uncertainty

An FB friend of mine skeptical that Brexit will have much of a negative economic impact has put up a post entitled To this I say, because the widely varying possible impacts of details of that exit have induced a massive increase in uncertainty over the future around much of ...
rosserjb@jmu.edu / Barkley Rosser   |   Wed, 29 Jun 2016 14:34:00

TREASURIES-U.S. 30-year yield closes in on record low

* Nearly $12 trillion bonds now with negative yields -Fitch * Quarter-end demand seen supporting long-dated Treasuries * Brexit raises risks on U.S growth outlook - Fed's Powell * U.S....
Reuters   |   Wed, 29 Jun 2016 14:33:44

'Elites' Called To Arms: It's Time To Rise Up Against The Ignorant Masses

It appears the powers that be just are not going to take it anymore. Having mistakenly allowed the people of Britain to exercise their free will, Foreign Policy's James Traub exclaims, "It's time for the elites to rise up against the ignorant masses." The Brexit has laid bare the political ...
Zero Hedge   |   Wed, 29 Jun 2016 14:30:00

The Bank of England called in Britain's most important bankers for emergency talks

The Bank of England has called in the chief executives of the UK's biggest banks to hold crisis talks following the country's vote to leave the European Union late last week. Bank chiefs were called into the Old Lady of Threadneedle Street, as the BoE is nicknamed, on Wednesday to ...
Will Martin / Business Insider   |   Wed, 29 Jun 2016 14:28:53

MS: Brexit Could Spark Global Recession

MS: Brexit Could Spark Global Recession Financial markets around the world seem to be recovering from the initial Brexit shock yet the underlying political discontent that helped vote leave win the battle remains, not just in the UK but in [...] The post MS: Brexit Could Spark Global Recession appeared ...
Rupert Hargreaves / Value Walk   |   Wed, 29 Jun 2016 14:26:26

How computers beat humans on Brexit

The wrong call on the Brexit vote cost many investors, but many funds relying on algorithms came out ahead.
CNBC   |   Wed, 29 Jun 2016 14:24:00

Invesco's Post-Brexit Stock Drop 'Seems Excessive,' Analyst Says

Invesco (IVZ) was among the hardest-hit asset manager stocks on Friday and Monday on the heels of last week's referendum in the U.K. Analyst Christopher Harris at Wells Fargo says things have gotten a bit excessive. Invesco does considerable business in the U.K. and Europe, about 40% of revenues, and ...
Chris Dieterich / Focus on Funds   |   Wed, 29 Jun 2016 14:23:28

DXY inter-markets: temporary dip?

The greenback, gauged by the US Dollar Index, is prolonging its leg lower after post-Brexit peaks in the vicinity of the 97.00 handle. Today's breakdo
Pablo Piovano / FX Street   |   Wed, 29 Jun 2016 14:22:16

Globalization's So-Called Winners and Losers

A recent Washington Post analysis has argued that political events as diverse as the Brexit and the rise of Donald Trump can be explained by a "revolt" of the world's economic "losers." Before proceeding, it is important to keep in mind that all income groups in the world have seen ...
Cato   |   Wed, 29 Jun 2016 14:20:00

Financial Stocks Are The Brexit Losers

Financial Stocks Are The Brexit Losers Following the UK's decision to try and leave the EU, financial markets around the world have been thrown into turmoil. As a result, investors in the life insurance and asset management sectors need to [...] The post Financial Stocks Are The Brexit Losers appeared ...
Rupert Hargreaves / Value Walk   |   Wed, 29 Jun 2016 14:19:34

Gilead Sciences: Still the Most Undervalued Stock in Biotech

Earlier this month, Gabelli Research's Jing He called Gilead Sciences ( GILD ) the most undervalued stock in biotech . And even Brexit hasn't made her change her mind:
Stocks To Watch   |   Wed, 29 Jun 2016 14:18:29

Stocks Recover Half Brexit Losses... But Bonds Ain't Buying It

Dow futures are now 500 points off the post-Brexit lows, having retraced half the losses...despite the worst home sales in 6 years. Just one small problem, Treasury yields are plumbing new post-Brexit lows... Dow bounce... S&P bounce... But bonds ain't buying it... Trade accordingly.
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 14:17:14

Weird Brexit prediction

Simon Evenett, Author of the Global Trade Alert and Professor of International Trade at the University of St Gallen said: "If the UK leaves the EU and doesn't manage to negotiate a free trade deal some consumer goods such as ... read more
Tim Worstall / Tim Worstall   |   Wed, 29 Jun 2016 14:15:29

Brexit just put Japan in an awkward spot

Brexit just put Japan in an uncomfortable position. In the immediate market reaction to the Brexit vote, the yen rocketed higher against the dollar and the pound as investors pulled into the safe-haven currency. The yen has reversed some of its gains over the last few days, but it's now ...
Elena Holodny / Business Insider   |   Wed, 29 Jun 2016 14:15:00

Beyond Brexit: Europe's Populist Backlash Intensifies

Britain has become the first Western nation to succumb to the populist, anti-immigration...
D Volatility / Distressed Volatility   |   Wed, 29 Jun 2016 14:14:00

Brexit Kills That EU Financial Transactions Tax Stone Dead Then

VideoThere has been much worrying over what is going to happen to the City of London, our version of Wall Street, now that Britain has voted for Brexit. How will the financial centre fare now that it is outside the regulatory embrace of the European Union? The obvious answer is ...
Tim Worstall, Contributor / Forbes   |   Wed, 29 Jun 2016 14:13:00

Worried About Brexit? Four Companies to Buy With Almost 100% U.S. Business

A rally on Tuesday and strength on Wednesday feels like a welcome relief after two very depressing trading sessions. Still, one thing seems to be assured. The British exit, hence Brexit, from the... AEP KR LUV T 247lee American flags
247lee / 24/7 Wall St.   |   Wed, 29 Jun 2016 14:10:43

What Is Brexit's Impact on Global Economy?

What Is Brexit's Impact on Global Economy? A Pimco analyst assesses the economic fallout in the U.S. and elsewhere over the coming three to five years.What Is Brexit's Impact on Global Economy? A Pimco analyst assesses the economic fallout over the coming three to five years.
Barrons   |   Wed, 29 Jun 2016 14:09:04

Brexit Is No Lehman Moment

RGA Investment Advisor June 2016 iInvestment commentary titled, "Brexit is No Lehman." Brexit Is No Lehman Moment As of last week, the story for this quarter was going to be different. We were going to highlight the more orderly recovery [...] The post Brexit Is No Lehman Moment appeared first ...
Jason Gilbert / Value Walk   |   Wed, 29 Jun 2016 14:01:30

'Devil Is In The Details' For Tesla-Solar City Deal

Before Brexit took over, Tesla Motors 's ( TSLA ) bid to takeover SolarCity ( SCTY ) was the big news, with analysts for and against the merger . Oppenheimer's Colin Rusch and his team reiterated a Perform rating on the stock today, but introduced new estimate around the deal. ...
Stocks To Watch   |   Wed, 29 Jun 2016 14:00:44

Volkswagen: From Dieselgate to Brexit

Investors desperate for financial clarity now have to factor in the impact of Britain's vote on the European car market
WSJ   |   Wed, 29 Jun 2016 13:59:25

Buy-the-Dip Traders Targeting German Stock ETFs

Flags of the European Union are displayed outside the headquarter of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on July 20, 2015. Agence France-Presse/Getty Images Exchange-traded fund flows indicate that at least a few investors have been buying the post-Brexit-vote dip. Some $365 million have gone ...
Focus on Funds   |   Wed, 29 Jun 2016 13:57:59

Brexit shakes UK banking system, but no repeat of 2008 seizure seen

LONDON, June 29 (Reuters) - Britain's Brexit vote has battered UK bank shares and rocked the country's financial markets, but a 2008-style seizing-up of its banking system looks unlikely.
Reuters   |   Wed, 29 Jun 2016 13:57:39

Being Reality-Based Isn't Elitist

The title of an article by James Traub in the aftermath of Brexit caught my eye: It's Time for the Elites to Rise Up Against the Ignorant Masses. Here is how he sums up what is going on: The schism we see opening before us is not just about policies, ...
Political Animal   |   Wed, 29 Jun 2016 13:56:48

JPMORGAN: Scotland will leave the UK and get a new currency

JPMorgan is almost certain that Scotland will leave the UK before an official Brexit and believes the newly independent country will adopt a new currency for the first time in 300 years. The investment bank writes in a note titled "How Brexit Happens:" "Intersecting the UK's EU exit process is ...
Business Insider   |   Wed, 29 Jun 2016 13:55:52

England's Euro 2016 calamity and Brexit dampen spirits at Greene King

Ben Martin / Telegraph   |   Wed, 29 Jun 2016 13:55:31

Weaker pound may spur UK luxury real estate after referendum

The U.K.'s housing market is seen taking a knock in the wake of the Brexit vote, but the forecast depreciation in sterling may spur investment.
CNBC   |   Wed, 29 Jun 2016 13:55:00

Alphabet's (GOOGL) Price Target Cut On Brexit

Shares of Google-parent Alphabet Inc. (GOOGL) rose $4.34, or 0.63%, to $695.60 in morning trading on Wednesday, despite a report ... View the full post at: Alphabet's (GOOGL) Price Target Cut On Brexit
WSP / Wall Street Pit   |   Wed, 29 Jun 2016 13:53:31

Gartman Is Selling The Rally

With few in the market knowing what to do in the aftermath of Brexit (aside for chasing quarter end widow dressing of course) at least according to Citi, one voice of confidence has emerged: that of Dennis Gartman. For those interested in the commodity expert's" take, here is what the ...
Zero Hedge   |   Wed, 29 Jun 2016 13:52:12

Bank chiefs called to BoE to discuss Brexit

Officials urge banks to keep lending to consumers to avoid repeat of credit crunch
FT   |   Wed, 29 Jun 2016 13:51:24

Brexcited! Dow Jumps 135 Points as Stocks Look Past Brexit

Stocks are rallying again today as investors continue to put last week's Brexit vote in the rear-view mirror. The S&P 500 has risen 0.9% to 2,053.85 at 9:40 a.m. today, while the Dow Jones Industrial Average has advanced 136.49 points, or 0.8%, to 17,546.21. The Nasdaq Composite has gained 1% ...
Ben Levisohn / Stocks To Watch   |   Wed, 29 Jun 2016 13:45:26

How bad will Brexit get? Here's what top economists are saying.

In the months leading up to Britain's referendum on whether to leave the European Union, many economists warned over and over again that a "Brexit" could have awful ripple effects: Britain could lose its favorable access to European markets if it left; uncertainty could dry up business investment; the country ...
Brad Plumer / Vox   |   Wed, 29 Jun 2016 13:45:00

Dow up 150 on Day 2 of Brexit relief rally

U.S. stocks are on the rise again Tuesday, and looking to extend its Brexit relief rally to a second day.
USA Today   |   Wed, 29 Jun 2016 13:44:15

Why Brexit creates a huge problem for Northern Ireland's border

There's plenty to worry about if the United Kingdom actually leaves the European Union. But one particularly fraught question is what will happen to the open border between Northern Ireland (part of the UK) and the Republic of Ireland (part of the EU). If the UK wants to tightly control ...
Brad Plumer / Vox   |   Wed, 29 Jun 2016 13:42:00

Brexit makes it harder for UK to tackle climate change, says Amber Rudd

Emily Gosden / Telegraph   |   Wed, 29 Jun 2016 13:41:55

How Brexit caused a Wall Street sell-off

Reminder of political risk coincides with markets looking ready for a fall
FT   |   Wed, 29 Jun 2016 13:40:33

Mercatus Center Scholars Weigh in on Brexit

Expert Commentary Mercatus Center scholars weigh in on the United Kingdom's historic vote to leave the European Union, examining the impetus behind the vote and the potential future repercussions. David Beckworth discusses the role central banks played in the Brexit with Bloomberg's Matt Miller, Joe Weisenthal and Scarlet Fu on ...
Richard Williams, Scott Sumner, David Beckworth, Daniel Griswold / Mercatus   |   Wed, 29 Jun 2016 13:40:27

Who Can Free Traders Vote for in 2016? Trump, Hillary Are Dead-Set Against It.

If the Brexit vote tells us next to nothing about domestic U.S. politics, it did reveal a strange contradiction among many left-leaning American commentators. Liberals and progressives overwhelmingly voiced solidarity with the Remain camp, often invoking as a great thing the European Union's impressive (if far from perfect) creation of ...
Hit & Run   |   Wed, 29 Jun 2016 13:40:00

Brexit inspires Dutch eurosceptics to demand similar referendum vote

"Now it's our turn!" So said Geert Wilders (above), leader of the far-right PVV party in the Netherlands, after the UK electorate voted in last week's referendum to leave the EU. In practice, there is next to no chance of a Dutch referendum on EU membership - certainly not under ...
Tony Barber / FT The World   |   Wed, 29 Jun 2016 13:39:48

There isn't going to be a 'Brapocalypse'

People are worried about the Brexit. With good reason, there has been considerable hand-wringing over the economic and political uncertainty that will come with the UK's decision to exit the European Union. This has manifested itself in a massive two-day fall off in global stocks (that has since abated a ...
Money Game   |   Wed, 29 Jun 2016 13:38:13

Why 'Brexit' shock isn't killing stocks

Despite investor fears, the "big ones," that threaten wealth, just don't happen a lot.
USA Today   |   Wed, 29 Jun 2016 13:37:06

Santelli: Defining move on Brexit

CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
CNBC   |   Wed, 29 Jun 2016 13:37:00

Brexit ETF Trading Stays Comfortably Numb

Brexit ETF Trading Stays Comfortably Numb by Dave Nadig, FactSet When markets get frothy, ETFs generally get a lot of heat, in multiple ways. Here's the literal line from a stump speech I give regularly on the fragile nature of [...] The post Brexit ETF Trading Stays Comfortably Numb appeared ...
Guest Post / Value Walk   |   Wed, 29 Jun 2016 13:34:18

Brexit adds to negative outlook for Canadian auto parts sector as companies hit with analyst downgrades

The global auto sector has been hit by falling stock prices in recent days, as fears that a formal U.K. exit from the EU could lead to costly tariffs on cars and auto parts
Sean Craig / Financial Post   |   Wed, 29 Jun 2016 13:34:03

Brexit Won't Hurt CBRE Group As Much As Investors Think

Seeking Alpha   |   Wed, 29 Jun 2016 13:33:26

Hollande says no sense in scrapping France-Britain border policy

BRUSSELS, June 29 (Reuters) - President Francois Hollande said on Wednesday that a border agreement between France and Britain would not be affected by last week's Brexit vote because the so-called...
Reuters   |   Wed, 29 Jun 2016 13:32:54

Wall St stocks climb as sterling rallies

Bond yields nudge higher on waning Brexit risk aversion
FT   |   Wed, 29 Jun 2016 13:32:04

EU Calls for 'Orderly' Brexit

European Union leaders called for an orderly British withdrawal from the bloc to minimize instability as they pledged to learn lessons from the U.K.'s political earthquake and do better at serving their citizens. As EU government chiefs took the historic step of meeting without one of the bloc's members for ...
Dean Popplewell / OANDA   |   Wed, 29 Jun 2016 13:31:02

Silver ETFs Might be due for Pullbacks

The the iShares Silver Trust (NYSEArca: SLV) and ETFS Physical Silver Shares (NYSEArca: SIVR) are among this year's best-performing commodities exchange traded products, but with investors looking for safer assets following the Brexit outcome, some commodities market observers see silver as ripe for a near-term retreat. Silver and other precious ...
ETF Trends   |   Wed, 29 Jun 2016 13:30:05

Brexit - The Weird Hobbesianism Of The Brexiphobes

Brexit - The Weird Hobbesianism Of The Brexiphobes by Jeffrey A. Tucker, Foundation For Economic Education The UK "is part of Europe, and always will be," says Boris Johnson, a leader of the Brexit campaign. Wait. How can you be [...] The post Brexit - The Weird Hobbesianism Of The ...
Guest Post / Value Walk   |   Wed, 29 Jun 2016 13:29:56

England's Stiff Upper Lip Wobbles After Dual Shocks

The English have set aside their gift for understatement in the midst of a turbulent week bookended by the twin shocks of the Brexit vote and a humiliating defeat in soccer at the hands of tiny Iceland.
WSJ   |   Wed, 29 Jun 2016 13:27:45

Stocks set to extend post-Brexit bounce

Seeking Alpha / Seeking Alpha   |   Wed, 29 Jun 2016 13:25:18

Brexit watch: Scots to divorce England by 2019 reckons bank

Scotland to have own currency by 2019 says JPM Heavyweight investment bank JP Morgan reckons Scotland will separate from the UK and introduce its own currency within three years. The bank says it could split in a second UK referendum, which he reckons will be held some time before the ...
Proactive Investors   |   Wed, 29 Jun 2016 13:24:00

The pound's post-Brexit pain isn't over yet

The pound is going to keep sliding to new historic lows in the coming months and the worst of the British currency's fall following the UK's decision to leave the European Union may not be over just yet. Sterling has notched two consecutive days of gains this week, following a ...
Will Martin / Business Insider   |   Wed, 29 Jun 2016 13:23:22

Markets Move Higher With Talk Of An 'Orderly' Brexit

Markets Move Higher With Talk Of An 'Orderly' Brexit, Volatility Retreats, How Do You Like Your Windows Dressed? Via @connectedWealth Contributors: J.Price, C.Basinger, D.Benedet, C.Kerlow, D.Mak, S. Obata Markets Move Higher With Talk Of An 'Orderly' Brexit - Today Equities [...] The post Markets Move Higher With Talk Of An ...
VW Staff / Value Walk   |   Wed, 29 Jun 2016 13:22:26

Alphabet's Stock Multiple Must Reflect Brexit Uncertainty, Says Axiom

Effects of Britain's vote last Thursday to leave the E.U. are still being assessed, and this morning, Axiom Capital 's Victor Anthony throws his hat into the ring, arguing Alphabet ( GOOGL ) seems well insulated from Brexit, but that its stock can't avoid some impact from uncertainty . Anthony, ...
Tiernan Ray / Eric Savitz   |   Wed, 29 Jun 2016 13:22:08

AUD/USD - Aussie Subdued as Brexit Shock Subsides

The Australian dollar has small gains on Wednesday, continuing the trend we saw in the Tuesday session. AUD/USD is trading in the mid-0.74 range in the North American session. On the release front, Australian HIA New Home Sales posted a sharp decline of 4.4%. Later in the day, Australian Private ...
Kenny Fisher / OANDA   |   Wed, 29 Jun 2016 13:20:23

Taking back control - but not just yet. The UK's post-Brexit future is now in Germany's hands

With each passing day since the referendum it gets more and more obvious that there is no plan or model emerging from Vote Leave to take the country forward into negotiations. The absurdity of this is obvious, but here Charles Lees looks at how this hands power to Germany, whilst ...
BPP Team / British Politics and Policy at LSE   |   Wed, 29 Jun 2016 13:19:52

Brexit Bargains To Buy Now

It's a good time to buy stocks in the wake of the Brexit panic. Here's what you should be looking at.
John Wasik, Contributor / Forbes   |   Wed, 29 Jun 2016 13:18:00

Brexit: Here Are The Latest Known Unknowns

Stocks may have decided to put Brexit in the rear view mirror, but as Deutsche Bank's Jim Reid lists, there are still numerous outstanding questions. When will Article 50 be triggered? Will it ever be triggered? Will there ever actually be a Brexit? Who is the next Conservative leader? Will ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 13:17:18

PBUK: Post Brexit environment is a "world of opportunity" for investment

Schemes were urged to see the post referendum environment as a "world of opportunity" by an investment panel at PBUK.
Helen Morrissey / Professional Pensions   |   Wed, 29 Jun 2016 13:14:10

'Brexit' fall-out: Economic winners and losers

Impact of 'Brexit' on U.S. economy is likely modest.
USA Today   |   Wed, 29 Jun 2016 13:11:40

BREXIT and disintegrating civilisations

It is a mistake to assume that the Brexit decision results from a democratic process. The only way to overcome the polarisation and division is through a genuinely democratic process. Boris Johson and David Cameron, 2012. Yui Mok / Press Association. All rights reserved.The vote to leave Europe seems to ...
Mary Kaldor / Open Democracy   |   Wed, 29 Jun 2016 13:09:23

Underestimating post-Brexit risks

A steady decline in global growth and struggling European stocks could present the biggest risks, two market watchers say.
CNBC   |   Wed, 29 Jun 2016 13:09:00

Brexit Lifeboat

By Clay Bennett Related Entries June 29, 2016 Women's Health June 28, 2016 Another Benefit of Brexit
truthdig   |   Wed, 29 Jun 2016 13:05:25

My 350 on BREXIT: this has to have been the ugliest political campaign seen in Britain for a long time.

"Nigel Farage's victory speech said it all: the winners are real, ordinary and decent people, but what are we to make of the other 48%?" This has to have been the ugliest political campaign seen in Britain for a long time. In flicking two fingers at the political class, the ...
Adam Koper / Open Democracy   |   Wed, 29 Jun 2016 13:03:24

U.S. Stocks Aim Higher, Adding To Global Relief Rally

After a triple-digit rally in Dow on Tuesday, stock futures are signaling a higher open for the day as investors eased back a bit after a Brexit triggered selloff wiped out $3 trillion from the global markets.
Shreya Agarwal, Forbes Staff / Forbes   |   Wed, 29 Jun 2016 13:02:00

Global stocks up for 2nd day as 'Brexit' worries ease

Worries about Britain's surprise vote to leave the European Union began to moderate.
USA Today   |   Wed, 29 Jun 2016 12:59:18

'Buy Gold' Urges Marc Faber as Brexit Means 0% Chance of Fed Rate Hike

Submitted by Adrian Ash, Bullion Vault on Wed, 06/29/2016 - 13:32 BUY GOLD prices held around last week's 2-year closing high in Dollar terms Wednesday morning as the US currency slipped on the forex market and world stockmarkets extended their [...] The post 'Buy Gold' Urges Marc Faber as Brexit ...
Guest Post / Value Walk   |   Wed, 29 Jun 2016 12:59:11

Top Analyst Upgrades and Downgrades: Comerica, Dynegy, Newfield Exploration, NIKE, Oracle and Many More

Tuesday's bounce was on the heels of two large sell-offs in post-Brexit trading, and shares were up again on Wednesday morning. It is important to remember that investors have found a myriad of... AEG AXL CMA CNC CS DYN ITT MTDR NFX NKE ORCL PFPT SCOR SNV TCBI ZION Administrator ...
24/7 Wall St.   |   Wed, 29 Jun 2016 12:57:53

Brexit from across the Irish border

The UK has one land border with the EU. Here's what things look like from the other side of it. Letterkenny high street, by Sleepyhead2 - Own work, CC BY-SA 3.0 Letterkenny is a border town located around 20 miles from Derry and the first major town in Donegal encountered ...
Polly Lavin / Open Democracy   |   Wed, 29 Jun 2016 12:57:25

No further ECB easing just yet - RTRS

Sources from news agency Thompson/Reuters noted the European Central Bank is in no rush to incur in further easing following the recent 'Brexit' vote
Pablo Piovano / FX Street   |   Wed, 29 Jun 2016 12:57:24

What Does Brexit Say About the Health of U.S. Financial System?

The dramatic market action since Thursday has invited comparisons to the worst pullbacks of the past.
Ben Eisen / MoneyBeat   |   Wed, 29 Jun 2016 12:44:46

Abortion Clinic

By Signe Wilkinson Related Entries June 29, 2016 Women's Health June 28, 2016 Another Benefit of Brexit
truthdig   |   Wed, 29 Jun 2016 12:41:39

UPDATE 1-ECB happy to stay put after Brexit vote as markets regain poise-sources

FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. Emergency swap lines designed to provide euros to UK banks in case of ...
CNBC   |   Wed, 29 Jun 2016 12:41:00

Pro Uncut: Mark Mobius on Brexit

Here's what Mark Mobius told CNBC on Wednesday about Brexit's impact on emerging markets.
CNBC   |   Wed, 29 Jun 2016 12:39:00

Brexit contagion poses risk to US, says Goldman Sachs

Contagion from the U.K. financial sector poses a risk to the U.S. following Britain's decision to quit the EU, Goldman Sachs said on Wednesday.
Here Is The City   |   Wed, 29 Jun 2016 12:38:01

Markets and broken promises in the UK referendum

After four days of violent market reactions to the prospects of Brexit, markets have paused and gained in strength slightly. Why has that happened?
Bruegel   |   Wed, 29 Jun 2016 12:37:22

UPDATE 1-ECB happy to stay put after Brexit vote as markets regain pose-sources

FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. Emergency swap lines designed to provide euros to UK banks in case of ...
CNBC   |   Wed, 29 Jun 2016 12:35:00

Silver Surges To Post-Brexit Highs

Despite the dead cat bounce in 'some' risk assets, bonds and bullion remain bid as Silver just broke back above the post-Brexit spike highs... Silver surges above the post-Brexit highs... Gold is steady for now...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 12:33:52

UK SMEs count the cost of Brexit

Signs emerge that businesses are rethinking investment plans and having credit lines pulled
FT   |   Wed, 29 Jun 2016 12:33:22

Britain, Post-Brexit

Here's what we know on Wednesday, June 29: -The Labour Party's leadership crisis deepens; even Prime Minister David Cameron, a conservative, told Jeremy Corbyn to go. Corbyn has refused to step down. -Cameron attended his last EU meeting on Tuesday. -Last week, Britain voted to leave the EU by a ...
Kathy Gilsinan / The Atlantic   |   Wed, 29 Jun 2016 12:33:00

Ireland Ready if Companies Want to Relocate After Brexit

Ireland is "absolutely open for business" if companies want to relocate out of the U.K. after the country's vote to leave the European Union, the Irish Europe minister told The Wall Street Journal.
WSJ   |   Wed, 29 Jun 2016 12:31:25

Biotech Forum Daily Digest: Brexit Impacts Continue, Xencor's Huge Deal, Major Approval For Gilead

Seeking Alpha   |   Wed, 29 Jun 2016 12:31:22

Mortgage association: Fed's still going to hike twice this year

Despite the Brexit vote, the Mortgage Bankers Association still thinks a rate hike is on the way for July.
CNBC   |   Wed, 29 Jun 2016 12:31:00

10 Wednesday AM Reads

Looks like another day of bounce-back, Start it off right with the finest morning train reads in the land: • How the Smart Money Got the Brexit Vote Wrong (strategy+business) • If Demographics Are Destiny... (Wealth of Common Sense) • 65 innovations that changed my life (Richard Branson) • The ...
The Big Picture   |   Wed, 29 Jun 2016 12:30:52

ECB happy to stay put after Brexit vote as markets regain pose-sources

FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. The Brexit vote has hit the shares of euro zone banks and is ...
CNBC   |   Wed, 29 Jun 2016 12:30:00

Brexit impact

Social media has been full of claims that the amounts lost already have been many times the value of the UK's annual contribution to the EU Budget. Is that fair?
BBC   |   Wed, 29 Jun 2016 12:29:34

Morning Movers: Transocean Jumps on Upgrade; Esperion Tumbles

Stocks look set to build on yesterday's gains as the markets look to put Brexit behind them. Francis R. Malasig/European Pressphoto Agency S&P 500 futures have risen 0.6%, while Dow Jones Industrial Average futures have advanced 0.6%. Nasdaq Composite futures have gained 0.7%. Monsanto (MON) has fallen 1.1% to $99.93 ...
Stocks To Watch   |   Wed, 29 Jun 2016 12:25:59

A Surprising Post-Brexit Currency ETF Idea

A predictable result of last week's stunning decision is that, at least in the near-term, investors are likely to bolster their affinity for safe-haven assets. At the currency level, that can include exchange traded products such as the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP), which tracks the ...
Tom Lydon / ETF Trends   |   Wed, 29 Jun 2016 12:25:55

"Have you been missold Brexit?"

No, that's not a Photoshop job, that's a version of an Exane strategy note that didn't make it past compliance - god knows why - but has escaped into the wider world nonetheless. Continue reading: "Have you been missold Brexit?"
FT Alphaville / FT Alphaville   |   Wed, 29 Jun 2016 12:20:46

UK, EU Talk Past Each Other on Brexit Negotiations

David Cameron and Nigel Farage both spoke at a previously-schedued meeting of the European Parliament yesterday. On the one hand, public posturing is always more aggressive than what a negotiator is willing to accept. On the other hand, EU leaders seemed generally well unified on some key, high-level rules of ...
Yves Smith / Naked Capitalism   |   Wed, 29 Jun 2016 12:20:33

UK police say hate crimes are up 57 percent after Brexit vote

The number of hate crimes reported to the UK police's online registering site has risen 57 percent in the wake of the Brexit referendum, according to the country's National Police Chiefs' Council. From Thursday, June 23 - the day of the referendum vote - to Sunday, June 26, there were ...
Caleb Lewis / Vox   |   Wed, 29 Jun 2016 12:20:02

Europe "not convinced" by Italy's plan to buoy banks after Brexit -EU source

BRUSSELS, June 29- The European Commission stands ready to support the banking sector in Italy but has not given its backing to Rome's plan to prop up Italian banks after the turmoil caused by the Brexit referendum, an EU official told Reuters on Wednesday. On Tuesday in Brussels, Italy's Prime ...
CNBC   |   Wed, 29 Jun 2016 12:20:00

Beyond Brexit, the world's still turning: global stories you might have missed

While Europe wrestles with the fallout from Britain's vote to leave the EU, the rest of the world is going about its business. Here, our experts offer their updates. Islamic State lost control of Fallujah Natasha Ezrow, University of Essex On June 26, Iraqi prime minister, Haider al-Abadi, proclaimed that ...
Sanne Weber, PhD Candidate, Centre for Trust, Peace and Social Relations, Coventry University / The Conversation   |   Wed, 29 Jun 2016 12:16:47

My 350 on BREXIT: The outcome of the referendum has made sure that the politics of anger is now the only one left

Brexit has never been the epic struggle between the ordinary man and the establishment. Rather, it is a storm-in-a-teacup skirmish between two neoliberal elites, each with its own social project. Brexit has never been the epic struggle between the Little Man and his corporate and political overlords in Brussels or ...
Martin Lampprecht / Open Democracy   |   Wed, 29 Jun 2016 12:15:17

'A country suffering a nervous breakdown': openDemocracy readers respond to Brexit vote

Shock. Rage. Analytic calm. A sense of loss. In the aftermath of the historic British vote to leave the EU, openDemocracy is asking for our readers' thoughts on Brexit and what needs to happen next. Here are some of your responses. openDemocracy's call out for responses to the UK's Brexit ...
openDemocracy / Open Democracy   |   Wed, 29 Jun 2016 12:15:00

Property market stutters after Brexit vote

Buyer demand dips as stamp duty stimulus fades
FT   |   Wed, 29 Jun 2016 12:12:56

Brexit isn't the most serious threat to the EU - the euro is

One surprising thing about Britain's vote to leave the EU is that Britain's economy has been doing better than a lot of European countries. Unemployment in the United Kingdom has fallen to 5 percent, its lowest level in a decade. In contrast, the average unemployment rate among countries that (unlike ...
Timothy B. Lee / Vox   |   Wed, 29 Jun 2016 12:10:02

Women's Health

By Nick Anderson Related Entries June 29, 2016 Women's Health June 28, 2016 Another Benefit of Brexit
truthdig   |   Wed, 29 Jun 2016 12:09:24

Jim Rogers on Brexit

As might be expected, 73-year old billionaire investor Jim Rogers isn't hopeful about what the Brexit vote portends for the global economy and financial markets. It's hard to believe that this will be "worse than any bear market you've seen in your lifetime", particularly after the little episode of eight ...
Tim / Tim Iacono   |   Wed, 29 Jun 2016 12:08:41

Big Pharma might have shrugged off Brexit, but Britain's life sciences industry faces an uncertain future

Julia Bradshaw / Telegraph   |   Wed, 29 Jun 2016 12:04:54

Japan's Abe speaks on Brexit concerns

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help...
euronews   |   Wed, 29 Jun 2016 12:02:18

Alone Now: From Hope to Brexit Despair

John Weeks A Tale of Two Summers The summer of 2015 brought a spectacularly bright ray of progressive hope to the United Kingdom: the increasingly obvious likelihood that a socialist would soon lead the near-moribund Labour Party. After almost 20 years of Thatcher-lite neoliberal policies, the grassroots membership voted overwhelmingly ...
Triplecrisis / TripleCrisis   |   Wed, 29 Jun 2016 12:00:03

What Trump and the Brexiteers have in common

Does last week's British vote to leave the European Union presage victory for Donald Trump? The presumptive Republican presidential nominee certainly seems to think so. At an auspiciously timed visit to his Scottish golf resort the day after the referendum, Trump told reporters that, like his campaign,...
James Kirchick / LA Times   |   Wed, 29 Jun 2016 12:00:00

Brexit And Bank Regulation. Poor Governance Has A Price.

Seeking Alpha   |   Wed, 29 Jun 2016 11:57:38

US urges EU to ease austerity after Brexit

Obama administration to encourage UK to 'raise its game' in Nato
FT   |   Wed, 29 Jun 2016 11:57:08

Brexit: EU leaders meet without UK

On Tuesday night, outgoing British Prime Minister David Cameron dined with European leaders for a "last supper" in Brussels to address the momentous implications of Britain's vote to leave the EU.
CNN   |   Wed, 29 Jun 2016 11:51:00

Donald Trump will try to ride the Brexit bandwagon all the way to the White House

Nick Allen / Telegraph   |   Wed, 29 Jun 2016 11:47:50

Brexit Vote Means UK Is No Longer Bound to Meet EU Climate Targets

By Paul Brown / Climate News Network Following the vote to leave the EU, the UK's energy and climate change policy faces major changes-not least in relation to the nuclear power industry. Related Entries June 27, 2016 China Aims to Cut Meat Eating in Half June 25, 2016 Betraying Progressives, ...
truthdig   |   Wed, 29 Jun 2016 11:46:44

Brexit Continues to Dominate but US Data Eyed

European equity markets are trading in the green for a second day on Wednesday, continuing to pare losses following Friday's dramatic sell-off. The U.S. is expected to also open higher although these again remain some way off Thursday' levels. While the initial panic from Brexit appeared to have eased, a ...
Craig Erlam / OANDA   |   Wed, 29 Jun 2016 11:46:21

Wednesday Morning Links

MUST READS Istanbul airport attack kills 41 - AP UK shares and pound continue to recover - BBC Brexit on Ice: More Emotion Please, Angie - Spiegel The Refugee Question: Is Merkel To Blame for Brexit? - Spiegel Cameron Makes Emotional Adieu as Sun Sets on U.K. EU Membership - ...
Tim Iacono   |   Wed, 29 Jun 2016 11:46:16

Italy ETF has its own Brexit Issues

Peripheral Europe exchange traded funds were slammed last wake in the wake of the shocking Brexit decision. That group of increasingly vulnerable single-country Europe ETFs includes the iShares MSCI Italy Capped ETF (NYSEArca: EWI). Once again, Italy's fragile banking sector, the largest sector allocation in EWI, is in focus as ...
Brenton Garen / ETF Trends   |   Wed, 29 Jun 2016 11:45:28

How the US could benefit from Brexit

Some economists believe that a Brexit could give the world fresh impetus.
CNBC   |   Wed, 29 Jun 2016 11:44:00

Stock futures tread higher as Brexit fears ebb

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were higher for a second day as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains. * The "Brexit" verdict on Friday sent shockwaves through global markets and wiped out about $3 trillion ...
Business Insider   |   Wed, 29 Jun 2016 11:42:09

The pound is pushing higher

Good morning! The British pound is pushing higher as markets continue to recover from the post-Brexit hangover. The currency is up by 0.7% at 1.3440 against the dollar as of 7:29 a.m. ET. In other UK news, Citi research's Tina Fordham and Tiia Lehto suggested that Britain won't leave the ...
Elena Holodny / Business Insider   |   Wed, 29 Jun 2016 11:42:00

Guest post: Brexit in the echo chamber

This guest post on the issue of the wider global impact of Brexit is from Paul Donovan, Global Economist at UBS in London. The British referendum decision to end the country's EU membership may seem an isolated event. Something for the UK to worry about, certainly. Something for the EU ...
Paul Donovan, UBS / FT Alphaville   |   Wed, 29 Jun 2016 11:41:52

Beyond Brexit: how to build an independent British economy

The hard work starts now. The UK's decision to leave the EU is an exciting opportunity for its economy. There may be some initial uncertainty, but in the long run Britain will be better off independent from the EU. It will have far greater control over its economic policy and ...
Philip B. Whyman, Professor of Economics and Director of the Lancashire Institute for Economic and Business Research, University of Central Lancashire / The Conversation   |   Wed, 29 Jun 2016 11:38:57

Brexit: Who is affected by the falling pound?

With the pound falling to its lowest level in more than 30 years after Brexit, who are the groups directly affected?
BBC   |   Wed, 29 Jun 2016 11:38:41

Brexit live - Cameron delivers Corbyn jibe as EU leaders meet

The latest developments in the Brexit vote fallout
FT   |   Wed, 29 Jun 2016 11:28:48

Brexit Relief Rally Continues Despite Tough Talk

Seeking Alpha   |   Wed, 29 Jun 2016 11:24:49

Brexit poses risk to US: Goldman Sachs

Contagion from the U.K. financial sector poses a risk to the U.S. following Britain's decision to quit the EU, Goldman Sachs said on Wednesday.
CNBC   |   Wed, 29 Jun 2016 11:23:00

Investors get back to buying low and selling high as Brexit shock fades

Seeking Alpha / Seeking Alpha   |   Wed, 29 Jun 2016 11:16:16

Brexit will take heavy toll on UK economy, says rating agency

Fitch cuts forecasts for GDP growth and says firms will delay investment as a result of vote to leave EU Firms are going to delay investment and hiring decisions as a result of the Brexit vote, which will take a significant toll on the UK economy, the rating agency Fitch ...
Jill Treanor / Guardian   |   Wed, 29 Jun 2016 11:15:17

Whitehall Brexit unit takes shape

Olly Robbins expected to head new section to work on departure plan
FT   |   Wed, 29 Jun 2016 11:14:45

Sanders worries Trump is benefiting politically from Brexit

Sanders raps globalization, says he understands mood that led Britain to vote to leave EU
U.S. News   |   Wed, 29 Jun 2016 11:13:47

Siemens puts export plans on ice after Brexit

Siemens has said that the U.K.'s decision to the leave EU could hamper its plans to export wind turbine blades from the country.
CNBC   |   Wed, 29 Jun 2016 11:13:00

Canada: Will Brexit send waves across the Atlantic? - RBC

Research Team at RBC Economics, lists down the impact on Canada's economy of the UK's vote to "leave." Key Quotes "The UK voted for "Brexit" and wil
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 11:05:14

Who will replace David Cameron? Winner will spearhead Brexit.

After nominations close at noon Thursday, Conservative lawmakers will vote and whittle the nominees down to two The post Who will replace David Cameron? Winner will spearhead Brexit. appeared first on Macleans.ca .
The Associated Press / Macleans   |   Wed, 29 Jun 2016 11:05:11

Brexit, Istanbul added to agenda as Obama meets with neighbors

Biennial summit with Canada and Mexico likely to be overshadowed by events in Europe.
USA Today   |   Wed, 29 Jun 2016 11:04:08

UPDATE 1-UK consumer borrowing growth hit 10-year high before Brexit storm

* Mortgage approvals stronger than expected in May (Adds reaction, detail)
Reuters   |   Wed, 29 Jun 2016 11:03:46

Nicola Sturgeon in Brussels bid to keep Scotland in EU

Scottish leader says Scotland is to stay in the bloc despite Brexit vote after meeting senior EU officials.
Al Jazeera   |   Wed, 29 Jun 2016 11:02:37

Tory leadership contest: Who is favourite to become Prime Minister after the Brexit vote?

Ashley Kirk / Telegraph   |   Wed, 29 Jun 2016 11:01:44

China broker braves post-Brexit IPO market

Orient Securities raises $1.16bn despite global market turmoil
FT   |   Wed, 29 Jun 2016 10:57:50

Southeast Asia stocks rally as Brexit impact fades

Southeast Asian stock markets rallied on Wednesday, in line with Asian peers, as the immediate impact of Britain's vote to leave the European Union began to fade and investors bet central banks would have to ride to the rescue with more stimulus measures.
Bangkok Post   |   Wed, 29 Jun 2016 10:50:00

Why UK could be doomed to years without proper access to world trade

Uh-oh. Phoenixman While most discussion since the Brexit vote has focused on how the UK will negotiate the terms of its new trading relationship with the EU, much less has been said about the rest of the world. Brexiters have tended to believe that the UK could continue to enjoy ...
Matias E. Margulis, Lecturer in Politics, University of Stirling / The Conversation   |   Wed, 29 Jun 2016 10:48:44

Wednesday op-eds: US economy, Brexit

Must-Read Op-Eds: The Eurasia Group's Ian Bremmer joins Morning Joe to discuss a new Bernie Sanders' NYT op-ed on why Democrats need to wake up to economic issues. The panel also discusses a new Henry Kissinger column on Brexit.
MSNBC   |   Wed, 29 Jun 2016 10:47:16

The long goodbye, Istanbul attack and the post-Brexit diet

EU summit continues today without UK at the table, after David Cameron bids emotional farewell in Brussels
FT   |   Wed, 29 Jun 2016 10:45:35

Score a 'Brexit discount' on these 13 stocks

Savvy investors are seeking opportunities to pick up stocks that were overly punished in the mayhem.
USA Today   |   Wed, 29 Jun 2016 10:45:23

Appetite for US Treasurys wanes as Brexit fears take backseat

U.S. sovereign bond prices were mixed Wednesday with Brexit fears momentarily fading.
CNBC   |   Wed, 29 Jun 2016 10:44:00

BRIEF-Fitch: Brexit Vote Pushes Negative-Yielding debt to $11.7 TRN

* Fitch: Brexit Vote Pushes Negative-Yielding debt to $11.7 TRN
Reuters   |   Wed, 29 Jun 2016 10:37:05

Did Wall Street witness the Brexit bottom?

A big relief rally in the stock market Tuesday has Wall Street debating whether the worst is over following the selloff sparked by Britain's vote to leave the EU.
USA Today   |   Wed, 29 Jun 2016 10:35:58

Brexit backers hit by company share losses

Chief executives who supported Leave suffer in stock market rout
FT   |   Wed, 29 Jun 2016 10:35:39

Brexit vote had the potential to create new economic headwinds - BBH

Research Team at BBH, notes that last night, Fed Governor Powell spoke and whilst sounding fairly upbeat about the US outlook, he did acknowledge that
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 10:32:20

Gove's wife says Brexit result 'terrifying'

Sarah Vine indicates reaction of Leave camp in her regular Daily Mail column
FT   |   Wed, 29 Jun 2016 10:30:57

Acme Whistles CEO: Brexit vote is an 'own goal'

Simon Topman of Acme Whistles is concerned about higher tariffs and a changing European attitude towards the UK.
BBC   |   Wed, 29 Jun 2016 10:25:27

Editorial: Britain’s Importance to Europe’s Security

Despite Brexit, Britain must continue to play a major role in NATO.
THE EDITORIAL BOARD / NY Times   |   Wed, 29 Jun 2016 10:23:27

Japan: Caution should be used in ascertaining the economic effects of the Brexit - Nomura

Research Team at Nomura, suggests that the outcome of UK referendum was not expected by them, but they think the effect on the Japanese economy should
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 10:18:53

Gives G.O.P. Opening to Tilt From Donald Trump on Trade

Even as Mr. Trump criticized free-trade deals on Tuesday, Speaker Paul D. Ryan and others said that it was important to forge a deal with Britain once it formally left the E.U.
JENNIFER STEINHAUER / NY Times   |   Wed, 29 Jun 2016 10:15:01

Fitch forecasts UK investment to drop 5 pct next year after Brexit hit

LONDON, June 29 (Reuters) - Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 percent next year, two days after it downgraded Britain's credit...
Reuters   |   Wed, 29 Jun 2016 10:11:52

Brexit: A very slow motion train crash - SocGen

Research Team at Societe Generale, suggests that Brexit is a not a 'Lehman moment' that will trigger an unforeseen chain of events. Key Quotes "Poli
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 10:11:41

Fitch expects BOE to lower rates by 0.25% by year-end

In its latest report published on Wednesday, the US ratings agency, Fitch, lowers the UK GDP outlook in wake of the Brexit vote, while adding that thi
Dhwani Mehta / FX Street   |   Wed, 29 Jun 2016 10:08:54

Pre-Brexit economic sentiment was broadly stable in the Eurozone - ING

Bert Colijn. Senior Economist at ING, notes that the Eurozone Economic Sentiment Indicator declined slightly in June from 104.6 to 104.4. Key Quotes
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 10:07:11

Brexit: What happens now?

The UK has voted to leave the EU. Here is what is likely to happen next.
BBC   |   Wed, 29 Jun 2016 09:51:39

Oil edges up further for second day as Brexit shock fades

Financial traders pour money back into commodities following the initial shock of Britain's vote to leave the EU
Barani Krishnan / Globe and Mail   |   Wed, 29 Jun 2016 09:50:32

Why my fellow Brexiteers should want Stephen Crabb as Britain's next Prime Minister

Maria Caulfield / Telegraph   |   Wed, 29 Jun 2016 09:49:45

The magical thinking of America's pro-Brexit conservatives

Britons who voted to leave the European Union did so for all sorts of reasons: immigration fears, English nationalism, economic and cultural nostalgia, post-recession funk, and so on. But many "Leave" voters are people who think life in Britain is getting worse year after year. They are highly skeptical of ...
The Week   |   Wed, 29 Jun 2016 09:47:02

Goldman Sachs and Vodafone both considering moving UK roles overseas post-Brexit

Business Insider carrying an article on Wednesday, noting that the negative impact of Brexit has started to show up, with Goldman Sachs and Vodafone b
Dhwani Mehta / FX Street   |   Wed, 29 Jun 2016 09:46:06

European Union Leaders Meet Without Britain for First Time

European Union leaders were meeting without the U.K. for the first time in more than four decades Wednesday, as they work to reaffirm their union after Britain's decision to leave it.
WSJ   |   Wed, 29 Jun 2016 09:45:54

After Brexit, what choices does the UK have?

Less than a week after a majority of U.K. voters elected to leave the EU, many are questioning what kind of relationship is in store.
CNBC   |   Wed, 29 Jun 2016 09:39:00

Brits take to Twitter to #curseBorisJohnson

British people still smarting at their country's decision to leave the European Union are using Twitter to vent their frustration at the man who spearheaded the Brexit campaign. The hashtag #curseBorisJohnson began trending this morning, with people making it clear how they felt about the man hotly tipped to become ...
Times of Malta   |   Wed, 29 Jun 2016 09:38:00

Britain, not the European Union, will survive

After Brexit, Europe could finally emerge as a strong international actor, but sadly the political will to achieve such an outcome is unlikely to emerge. The post Britain, not the European Union, will survive appeared first on The Japan Times .
Slawomir Sierakowski / Japan Times   |   Wed, 29 Jun 2016 09:34:33

EU leaders meet without UK to plot Brexit response

Watershed summit for Europe comes amid divisions on dealing with Britain
FT   |   Wed, 29 Jun 2016 09:32:23

EU leaders meet without Cameron after Brexit vote

Second day of talks underway at EU summit, but UK PM David Cameron is absent following last week's vote to leave the bloc last week.
BBC   |   Wed, 29 Jun 2016 09:29:36

Once the UK triggers Article 50 to start Brexit, can it turn back?

Marcin The people have had their say: on June 23 more than 17m Britons voted to leave the EU. The outcome was clear, and should be respected. But the future is shrouded in uncertainty. Months of campaigning failed to produce good answers to what have become urgent questions. The uncertainty ...
Phil Syrpis, Reader in Law, University of Bristol / The Conversation   |   Wed, 29 Jun 2016 09:26:30

Dollar firmer around ¥102.40 as Brexit worries begin to subside

The dollar was firmer around ¥102.40 in late Tokyo trading on Wednesday as excessive worries over Britain's decision to leave the European Union have subsided somewhat. At 5 p.m., the dollar stood at ¥102.43-43, up from ¥102.23-23 at the same time Tuesday. The euro was at $1.1072-1072, against $1.1069-1069, and ...
Japan Times   |   Wed, 29 Jun 2016 09:23:07

REFILE-UPDATE 1-Molson Coors to bring first post-Brexit euro corporate bond

LONDON, June 29 (IFR) - Molson Coors Brewing Company has become the first borrower to hit the European corporate bond market after the UK's vote to leave the European Union.
Reuters   |   Wed, 29 Jun 2016 09:20:38

U.K. Auto Makers Plead For Single-Market Access

Car makers in Britain are sticking to their business plans despite the country's referendum last week to exit the EU though they pleaded for the U.K. to keep its access to the European single market.
WSJ   |   Wed, 29 Jun 2016 09:20:04

Brexit's Probable Aftermath For The US & EU Economy

Brexit's Probable Aftermath For The US & EU Economy by Kenny Simon The puzzle that was surrounding Brexit looks very similar to the level of suspense from soccer fans, just before the last goal that decides the winner of the [...] The post Brexit's Probable Aftermath For The US & ...
Guest Post / Value Walk   |   Wed, 29 Jun 2016 09:16:46

Brexit negotiations: Four ways to get a good deal

Having voted to leave the EU, the UK needs to negotiate a new set of trade deals with the EU - here are four key ways to get a good deal.
BBC   |   Wed, 29 Jun 2016 09:10:16

'Remainia' launches adopt-a-Brit plan to counter Brexit

CNN   |   Wed, 29 Jun 2016 09:09:50

Muscat on Brexit: Access to the single market requires acceptance of freedom of movement of persons

Updated 1.50pm - The EU hopes to have the United Kingdom as a close third country partner, but access to the single market requires acceptance of the EU's Four Freedoms, including Freedom of movement of persons, Prime Minister Joseph Muscat said early this afternoon. He made his comment in a ...
Kurt Sansone / Times of Malta   |   Wed, 29 Jun 2016 09:02:00

Global markets oversold unless Brexit is a sign of something worse: Don Pittis

Market signs show that cooler heads may be prevailing on Brexit. But a much more disruptive crisis may only be diverted by a new political economy in Britain and elsewhere.
Don Pittis / CBC   |   Wed, 29 Jun 2016 09:00:00

GLOBAL MARKETS-Stocks gain as Brexit nerves settle

LONDON, June 29 (Reuters) - European and Asian stock markets built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would...
Reuters   |   Wed, 29 Jun 2016 08:57:51

FTSE Recovery Continues After EU Exit Vote

Shares rise further after their Brexit battering as investors await direction on the vote's likely consequences.
Sky   |   Wed, 29 Jun 2016 08:53:39

FTSE up nearly 2% with Merlin higher but travel shares down after Istanbul

Alton Towers owner boosted by upgrade, as investors hunt for bargains The post-Brexit bounce is continuing in stock markets as investors continue to snap up what they see as bargain-basement shares. With the UK unlikely to trigger Article 50 - which sets the clock ticking on the country's departure from ...
Nick Fletcher / Guardian   |   Wed, 29 Jun 2016 08:53:08

Did Britain really vote Brexit to cut immigration?

Asa Bennett / Telegraph   |   Wed, 29 Jun 2016 08:52:05

Where are TTIP talks headed after Brexit vote?

Seeking Alpha / Seeking Alpha   |   Wed, 29 Jun 2016 08:46:32

What is article 50? - video explainer

The only legal way for a Brexit - or for any member state to withdraw from the European Union - is by triggering an obscure and controversial clause in the Lisbon Treaty: article 50. It gives the departing country two years to negotiate the terms of its withdrawal and has ...
Tom Clark and Phil Maynard / Guardian   |   Wed, 29 Jun 2016 08:45:31

Brexit live - Cameron delivers Corbyn jibe as EU leaders meets

The latest developments in the Brexit vote fallout
FT   |   Wed, 29 Jun 2016 08:44:33

Who's the xenophobe now?

The anti-Trump and anti-Brexit forces share a snobbery toward ordinary voters.
Austrailian   |   Wed, 29 Jun 2016 08:42:00

Who will inherit Brexit? Candidates to replace Cameron as party leader are set to break cover

Contenders to replace David Cameron as the Conservative Party leader and British prime minister were poised to declare their hands on Wednesday, with attention likely to focus on the two front-runners: Home Secretary Theresa May and former London Mayor Boris Johnson. Bookmakers made May the favorite on Tuesday, putting her ...
Japan Times   |   Wed, 29 Jun 2016 08:29:44

Brexit - trading the longer-term outlook

After the initial response, investors are taking a more measured approach
FT   |   Wed, 29 Jun 2016 08:24:26

After the Brexit vote, Britain must introduce compulsory voting

Louise Burke / Telegraph   |   Wed, 29 Jun 2016 08:17:21

Why Brexit will disappoint Brexiters

The outcome will be a far cry from the sunny utopian uplands of independence many Brexiters are expecting.
Al Jazeera   |   Wed, 29 Jun 2016 08:14:56

Brexit: What does it mean for the rest of the world?

The danger is that further fragmentation could be formalised by minority groups calling for a referendum worldwide.
Al Jazeera   |   Wed, 29 Jun 2016 08:09:42

European bank values trapped by politics: Analyst

What has a greater impact on banks currently: Brexit or market concern over the health of the European banking sector? Gildas Surry, senior analyst at Axiom Alternative Investments, discusses.
CNBC   |   Wed, 29 Jun 2016 08:08:00

EMERGING MARKETS-Emerging assets in second day of gains; Turkish tourism shares hit

LONDON, June 29 (Reuters) - Emerging stocks and currencies rose for the second straight day on Wednesday, clawing back more of the recent Brexit-fuelled losses, though shares linked to Turkish...
Reuters   |   Wed, 29 Jun 2016 08:07:07

Brexit - how will central banks respond?

Policymakers' existing struggle with low productivity and high debt has become more complicated
FT   |   Wed, 29 Jun 2016 07:59:22

Turnbull points to Brexit in re-election bid

PM says 'stable government' needed amid global uncertainty
FT   |   Wed, 29 Jun 2016 07:59:01

CEE MARKETS-Post-Brexit cherry-picking lifts east European assets

By Krisztina Than BUDAPEST, June 29 (Reuters) - Central European stock markets and currencies extended gains on Wednesday, helped by a rise in Asian stock markets after the initial shock of...
Reuters   |   Wed, 29 Jun 2016 07:58:29

Molson Coors to bring first post-Brexit euro corporate bond

LONDON, June 29 (IFR) - Molson Coors Brewing Company is marketing an eight-year euro-denominated benchmark deal at mid-swaps plus 145bp area, according to a lead bank.
Reuters   |   Wed, 29 Jun 2016 07:56:21

JPY: Brexit blocks the exits - Deutsche Bank

Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the US has been groping for an exit to its ultra-loose monetary policy for the recent years
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:54:11

Brexit fallout may have knock-on effects for the US economy - MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the Fed Governor Powell spoke overnight warning that the Brexit fallout has boosted global risks and
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:49:54

EU's Juncker to meet Scottish First Minister to discuss Brexit

The European Commission is rolling out the red carpet for Scotland's first minister, hours after outgoing British Prime Minister David Cameron told an EU summit his country would be leaving the European Union following last week's referendum. A spokeswoman for the EU executive said Commission President Jean-Claude Juncker would meet ...
Times of Malta   |   Wed, 29 Jun 2016 07:46:00

European stocks extend recovery at open

LONDON - Europe's main stock markets rallied at the start of trading on Wednesday, building on the previous session's strong gains as fears over Brexit ease.
Bangkok Post   |   Wed, 29 Jun 2016 07:45:00

UK: Adjustment lower for the pound to continue - MUFG

Lee Hardman, Currency Analyst at MUFG, suggests that the Brexit shock has resulted in the expected sharp adjustment lower in the pound and more modest
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:44:36

European stocks extend rebound from Brexit-shock, FTSE outperforms

The European equity markets tracked their Asian peers as well as futures higher and kicked-off the day on a firmer note, as markets raise speculations
Dhwani Mehta / FX Street   |   Wed, 29 Jun 2016 07:38:09

Futures, global markets up as Brexit worries ease

U.S. stock futures and global markets were higher Wednesday, as worries from Britain's surprise vote to leave the European Union eased.
USA Today   |   Wed, 29 Jun 2016 07:36:17

Brexit Aftermath: Time to Back Rebound in U.K. Home Builders

The collapse in the U.K. housing market implied by the plunge in home builder stocks is probably overdone.
WSJ   |   Wed, 29 Jun 2016 07:35:06

Historic moves after UK referendum - Goldman Sachs

Research Team at Goldman Sachs, suggests that the "Brexit" has triggered global risk-off moves as the outcome of the UK referendum took financial mark
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:26:41

Draghi: Brexit could cut Euro GDP by as much as 0.5% - ANZ

Research Team at ANZ, notes that the ECB President Mario Draghi said that Brexit could cut Euro GDP by as much as 0.5% with the effect lasting three y
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:21:53

EU Leaders Warn U.K. of Exit Costs

David Cameron began the tortuous process of extricating his country from the European Union at his last summit with other EU leaders, who told him there would be no special deals for ex-members of the bloc.
WSJ   |   Wed, 29 Jun 2016 07:21:37

UK shares continue to recover ground

UK shares continue to regain some of the ground lost in the wake of the Brexit vote, while the pound holds steady.
BBC   |   Wed, 29 Jun 2016 07:20:11

Brexit creates a 'rates over growth' environment for EM - Goldman Sachs

Research Team at Goldman Sachs, suggests that with global markets focused on Europe currently, EM may appear relatively better positioned to weather a
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:18:36

Europe: The only certainty is uncertainty - ANZ

Research Team at ANZ, notes that the European leaders appear to want to move forward with Brexit plans as quickly as possible, but political turmoil w
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 07:14:32

Stocks climb as sterling steadies

Bond yields nudge higher on waning "Brexit" risk aversion
FT   |   Wed, 29 Jun 2016 07:08:04

Shares push higher as Brexit bounceback continues - business live

Stock markets in Asia and Europe are recovering, despite the massive uncertainty caused by last week's EU referendum Introduction: Markets recovering Brexit losses 8.07am BST Japan's prime minister has urged his central bank to ensure ample funds are available to help Japanese companies ride out the Brexit shock. Shinzo Abe ...
Graeme Wearden / Guardian   |   Wed, 29 Jun 2016 07:07:37

'Brexit' market dive a shock, but not shocking

Despite investor fears, the "big ones," that threaten wealth, just don't happen a lot.
USA Today   |   Wed, 29 Jun 2016 07:05:19

Jeremy Corbyn prepares for rival leadership bid as David Cameron urges EU to reform freedom of movement after Brexit vote

Michael Wilkinson / Telegraph   |   Wed, 29 Jun 2016 07:04:38

UPDATE 1-UK annual house price growth picked up in June, Brexit effect uncertain - Nationwide

LONDON, June 29 (Reuters) - Annual growth in British house prices picked up to a three-month high in June in the run-up to the Brexit vote, which has unclear implications for the housing market,...
Reuters   |   Wed, 29 Jun 2016 07:02:42

Brexit live - EU divorce terms, Tory leader contest

The latest developments in the Brexit vote fallout
FT   |   Wed, 29 Jun 2016 06:52:12

No recession in EU after 'Brexit' - ECB's V.Constancio

ECB's Vice President Vitor Constancio has ruled out a recession in the region after the recent 'Brexit' vote. In the same line, he argued that fundam
Pablo Piovano / FX Street   |   Wed, 29 Jun 2016 06:42:24

Australia: Direct effects of Brexit on the economy are likely be minimal - NAB

Research Team at NAB, suggests that the direct effects of Brexit on the Australian economy are likely be minimal, and will largely flow through trade
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 06:38:42

UK's ERM crisis a template after Brexit

Weaker pound acts as safety valve that eurozone countries lack
FT   |   Wed, 29 Jun 2016 06:26:42

Abe urges BOJ to ensure market liquidity after Brexit vote

Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of the economy turning in the wake of Britain's shock vote to exit the European Union. "A sense of uncertainty and worry about risks remain in ...
Japan Times   |   Wed, 29 Jun 2016 06:21:13

Will bank stock prices head lower?

Jan Wolter, head of European banks research at Credit Suisse, discusses the impact of Brexit on banks and says investors are concerned about capital.
CNBC   |   Wed, 29 Jun 2016 06:13:00

Markets occupied with Brexit implications - Danske Bank

Research Team at Danske Bank, suggests that the implications of the Brexit vote continue to occupy markets. Key Quotes "The EU summit continues and
Sandeep Kanihama / FX Street   |   Wed, 29 Jun 2016 06:08:58

Brexit Vote Rattles Japanese Auto Makers

Concerns grew over the impact on Japanese auto makers from Britain's vote to leave the European Union, particularly Nissan because of its heavy investment in U.K. auto production.
WSJ   |   Wed, 29 Jun 2016 06:06:18

Angela Merkel sees no chance of British U-turn on Brexit

Reuters / Telegraph   |   Wed, 29 Jun 2016 06:05:05

Some Links

( Don Boudreaux ) TweetWarren Meyer looks sensibly at climate alarmism. My colleague Alex Tabarrok wisely argues against statutes. George Will supports Brexit. Russ's latest Econ Talk guest is George Selgin's former student, David Beckworth. GMU Econ alum Abby Hall Blanco puts her finger on what ails Venezuela. David Henderson ...
Cafe Hayek   |   Thu, 2 Jun 2016 22:06:21

#InOrOut Debate: Spin Room Says Project Fear Rejected

Here's Guido's four key moments from tonight's #InOrOut Debate: David Cameron: "I'm not going to put a date on" when immigration will be brought under control - Euro Guido (@EuroGuido) June 2, 2016 WATCH: David Cameron's WW3 Brexit Claims [...]
Guy Fawkes' blog   |   Thu, 2 Jun 2016 20:49:02

Trump and Brexit Explained in One Poster

( Steven Hayward ) If you want to understand the groundswell of support behind Trump, and the revolt against the European elites represented in things such as the UK's upcoming "Brexit" referendum, just take in this poster for an upcoming lecture at the University of Edinburgh, where a distinguished Harvard ...
Power Line   |   Thu, 2 Jun 2016 19:15:31

Verizon Strike Will Distort Friday's Jobs Report

Thanks to the Verizon strike, a disappointing jobs report Friday may not derail a possible rate increase this summer. But "Brexit" might.
MoneyBeat   |   Thu, 2 Jun 2016 16:53:41

Turncoat Tolhurst 'Claimed to Be Pro-Leave'

Oh dear... according to Quentin Letts, newly converted Remain supporter Kelly Tolhurst personally told him she was a Brexiteer: Tory MP Kelly Tolhurst's pro-Remain announcement is Javidesque. She personally told me she was pro-Leave. Dear oh dear. - Quentin Letts [...]
Guy Fawkes' blog   |   Thu, 2 Jun 2016 14:21:21

VIDEO: Boris Johnson auctions off 'beautiful' cow

Brexit campaigner Boris Johnson auctions off a cow on a visit to Gisburn Cattle Market, Clitheroe, describing it as a "beautiful milker and a beautiful cow".
BBC   |   Thu, 2 Jun 2016 12:58:22

Daily Digest 6/2 - Mangroves In Crisis, The Great Banking Lie

Senate Panel Advances Whistleblower Reforms Britons, Feeling Apart From E.U., May Make It So With 'Brexit' The Great Banking Lie Market Sitrep: Reach For Yield What Copper Says About the Economy Felix Zulauf: Monetary Stimulation Creates Bubbles, Not Prosperity Nor Growth Jim's Mailbox Payday Loans' Debt Spiral to Be Curtailed ...
Chris Martenson   |   Thu, 2 Jun 2016 12:52:43

Trump draws a blank on 'Brexit' meaning

Donald Trump will visit Great Britain in just three weeks, the day after its key vote over 'Brexit,' which is shorthand for Britain's potential break from the European Union. During an interview with the Hollywood Reporter, Trump proved he was...
MSNBC   |   Thu, 2 Jun 2016 12:47:09

Corbyn blasts 'histrionic' Treasury on Brexit

Labour leader accused of sabotaging Remain campaign and revealing anti-EU beliefs
FT   |   Thu, 2 Jun 2016 11:39:24

Destroying the village to save it

As we've moved into the last stretch of the referendum, we've seen the emergence of a new dynamic: the In setting out more clearly what a post-Brexit future would look like, the key figures in the Leave campaign - Boris Johnson, Michael Gove, Chris Grayling and Priti Patel - have ...
Ideas on Europe   |   Thu, 2 Jun 2016 07:11:59

Britons, Feeling Apart From E.U., May Make It So With

Underneath the campaign’s theatrics lie questions of identity: Have Britons, many of whom see the European Union as a money-sucking abstraction, ever felt like part of Europe?
SARAH LYALL / NY Times   |   Thu, 2 Jun 2016 06:20:12

Seems sensible

British expats could lose the right to live and work in Spain in the event of a Brexit vote, the country's Prime Minister has suggested. The *right* to live and work there is derived from the Single Market rules. Exit ... read more
Tim Worstall   |   Thu, 2 Jun 2016 05:52:34

Trump is heading to Britain

CNN   |   Thu, 2 Jun 2016 05:19:25

Trump's Economic Adviser on Brexit

Larry gets things right here. SiriusXM host Stephen K. Bannon interviwed Kudlow and noted the vote for exit is now ahead by a few points in some polls, producing a "tectonic plate shift and shockwave in London." Bannon asked Kudlow if the "rise of economic nationalism," as exemplified by the ...
Economic Policy Journal   |   Thu, 2 Jun 2016 04:01:00

Satyajit Das, Lazarus Recovery, Managed Depression, or Mother of All Crashes?

Jun 2 - Satyajit Das, named in 2014 as one of the 50 most influential people in finance, discusses three possible scenarios for the markets and the global economy moving forward. He also gives his outlook on the Brexit vote [...] The post Satyajit Das, Lazarus Recovery, Managed Depression, or ...
Value Walk   |   Thu, 2 Jun 2016 00:35:11

Vox Sentences: "A total lie": the truth about Trump University

The scandal that might actually damage Donald Trump; al-Shabaab strikes in Mogadishu; time for a Brexit update! Vox Sentences is written by Dylan Matthews and Dara Lind. TOP NEWS An F for Trump U (Thos Robinson/Getty Images) A bunch of internal Trump University documents have been released to the public ...
Vox   |   Thu, 2 Jun 2016 00:00:03

The Invisible Hand Props Markets

It's said loud and clear on the Street that clients and investors in general aren't buying this rally. Low volume suggests this. Tuesday markets were weak early given BREXIT worries but then out of the blue buyers appeared boosting markets well of their lows. Wednesday stocks opened weak once again ...
ETF Digest   |   Wed, 1 Jun 2016 23:00:24

JPMorgan's Four Catalysts For Chaos In 2016

The tape faces four big catalysts/events between now and probably the end of the year according to JPMorgan: 1) The Fed. Do they move in June or Jul? The former has the Brexit problem on June 23 (although the odds of an "out" vote have declined enormously) and the latter ...
Zero Hedge   |   Wed, 1 Jun 2016 22:10:00

Trump On Brexit

During an interview with reporter Michael Wolff of The Hollywood Reporter, after a brief bit of Brexit confusion, Donald Trump came out in favor of Britain exiting the EU: "And Brexit? Your position?" Wolff asked the billionaire. "Huh?" Trump responded. "Brexit," Wolff reiterated. "Hmm," the real estate tycoon said. "The ...
Economic Policy Journal   |   Wed, 1 Jun 2016 20:53:00

Time Discovers Truth -- A current snapshot of the market

In a year filled with an impending US election, the prospect of the United Kingdom's withdrawal from the European Union (aka Brexit), among other events, there has been a particular negative sentiment on the part of some in the investment community. This negative herd-like sentiment and behavior is permeating the ...
Pamela Rosenau, Contributor / Forbes   |   Wed, 1 Jun 2016 19:39:00

LSE-Deutsche Boerse offers jam tomorrow, tomorrow

The two exchanges reckon their merger can create 250 mln euros of new revenue - eventually. But there are plenty of hurdles to delivering the goods, from a potential Brexit to the 20-plus regulatory approvals needed. The inherent slipperiness of boosting sales is a poor lure.
Breakingviews   |   Wed, 1 Jun 2016 18:00:00

What Trump's bizarre Brexit comments actually reveal

There's a pretty stunning anecdote in the Hollywood Reporter's new Trump profile - one that makes it sound like Trump has no idea what the British vote to exit the EU, called Brexit, is about: "And Brexit? Your position?" I ask. "Huh?" "Brexit." "Hmm." "The Brits leaving the EU," I ...
Vox   |   Wed, 1 Jun 2016 16:40:36

Jan-Werner Müller: Breurope

Far from concentrating minds, Brexit has been treated as yet another distraction in an EU facing multiple threats of disintegration. At last autumn's summit meetings, convened to address the refugee crisis, other member states made clear their view that dealing with the UK was like trying to manage a narcissistic ...
London Review of Books   |   Wed, 1 Jun 2016 16:33:31

Another Brexit debate is possible

The mainstream Brexit debate has essentially been an argument between two branches of the Tory party, but there are shoots of hope arguing for a radical debate on Europe's future. Last year, openDemocracy predicted that the Brexit debate in the political and media mainstream would be framed as such: "Do ...
Alex Sakalis / Open Democracy   |   Wed, 1 Jun 2016 16:31:03

Life would be simpler outside the EU, says Drax (but it's 'neutral' on Brexit)

Emily Gosden / Telegraph   |   Wed, 1 Jun 2016 16:18:45

The Brexit Debate - EU Integration or Disintegration?

The School of Social Science & Philosophy at Trinity College Dublin is hosting a Brexit debate, on Thursday 9th of June at 6pm. Speakers include economists John O'Hagan and Michael Wycherley (nationalities Irish and English, respectively!), as well as Will Phelan (Political Science) and Francis Jacobs (ex-European Parliament). More details, ...
Ronan Lyons / Irish Economy   |   Wed, 1 Jun 2016 15:40:37

Dutch PM's Brexit immigration warning

The Dutch prime minister warns other countries will retaliate if the UK leaves the EU and adopts a points-based migration policy.
BBC   |   Wed, 1 Jun 2016 15:13:03

World Stuck in 'Low-Growth Trap' as Brexit Fears Grow, Says OECD

The organization reduced economic prospects for the U.S., the UK and other countries.
Andrew Soergel / U.S. News   |   Wed, 1 Jun 2016 14:57:55

We heard Donald Trump was struggling with 'Brexit,' so we thought Daily Kos could help him out

Donald Trump's ignorance of American politics is legendary, so of course-of course-he was utterly confounded when Michael Wolff of the Hollywood Reporter asked him about the single most serious issue facing our closest international ally: "And Brexit? Your position?" I ask. "Huh?" "Brexit." "Hmm." "The Brits leaving the EU," I ...
Daily Kos   |   Wed, 1 Jun 2016 14:55:21

The 'greatest risk to the global economy' has nothing to do with a China slowdown

One of the oil industry's most trusted advisors says that the "greatest risk to the global economy today" is not Brexit, the slowdown in China, or terrorism, but the potential collapse of the fossil fuels industry. Speaking at the Financial Times' Energy Transformation Strategies conference in London on Wednesday, Phillip ...
Will Martin / Business Insider   |   Wed, 1 Jun 2016 14:35:39

BREXIT WATCH - Leavers say listen to business, but business isn't listening

June 1 The latest dire economic warning about the consequences of the UK leaving the EU met a predictable response from those advocating an exit. Brexiteers branded a report from the organisation for Economic Co-operation & Development (OECD) as biased and flawed. The OECD cut its forecast for UK growth ...
Proactive Investors   |   Wed, 1 Jun 2016 14:30:00

Trump To Travel To UK Day After 'Brexit' Vote For Golf Club Opening

WASHINGTON (AP) - Donald Trump is heading to Britain later this month for the ceremonial opening of his Turnberry golf complex in Scotland following an extensive, multimillion dollar revamp, his campaign said Wednesday. Read More
TPM   |   Wed, 1 Jun 2016 14:24:25

Embraer: No big travel impact in event of Brexit

Seeking Alpha / Seeking Alpha   |   Wed, 1 Jun 2016 14:21:41

UK 30-year bond yields near 4-month low on global and Brexit nerves

LONDON, June 1- British government bonds surged on Wednesday, pushing 30- year yields to their lowest in nearly four months, on the back of global economic worries and opinion polls showing a greater chance of a vote to leave the European Union on June 23. "Risk appetite is clearly waning," ...
CNBC   |   Wed, 1 Jun 2016 14:18:00

Trump Time Capsule #10: The Gorilla and the Brexit

I think there's actually a reason to keep laying this out, but we'll get to that. For now, let's look at a genuinely impressive moment of Donald Trump in the public eye. Daily Trump #10: June 1, 2016. The tragedy of the gorilla. In the same press conference yesterday at ...
James Fallows / The Atlantic   |   Wed, 1 Jun 2016 14:15:00

Trump lands in Britain after Brexit D-Day

Presidential candidate plans UK arrival to celebrate golf club opening on day after European referendum
FT   |   Wed, 1 Jun 2016 14:04:57

Deutsche Bank to relocate some trading activities in event of Brexit

Deutsche Bank CEO John Cryan said the bank would move some trading activities from London if the U.K. decides to exit the European Union next month.
Here Is The City   |   Wed, 1 Jun 2016 13:43:20

Speak English, Brexit camp tells migrants

Would-be migrants to a UK would have to "speak good English" under the Vote Leave campaign's new immigration policy.Sponsored: Drivers With No Tickets In 3 Years Read This Do NOT pay your next car insurance bill until you try this.
CNN   |   Wed, 1 Jun 2016 13:34:10

Trump to visit UK day after 'Brexit' vote

CNN   |   Wed, 1 Jun 2016 13:33:20

Brexit is already costing British firms, S&P warns

Tim Wallace / Telegraph   |   Wed, 1 Jun 2016 13:27:30

Italy economy minister warns about Brexit, Trump victory in US

ROME, June 1 (Reuters) - If Britain chooses to leave the European Union in this month's referendum it will create a "very serious problem" for the whole of the EU and other states may follow suit,...
Reuters   |   Wed, 1 Jun 2016 13:24:07

'Democracy, prosperity, and freedom': The founder of JD Wetherspoon makes the case for a Brexit

With only three weeks to go until the European Union referendum, the arguments for Britain either staying or leaving the EU - the later dubbed a Brexit - are heating up. One of the most prominent business figures to wade into the argument is Tim Martin, the chairman and founder ...
Lianna Brinded / Business Insider   |   Wed, 1 Jun 2016 13:12:19

Brexit camp eye Australian-style immigration system if UK leaves EU

Britain would extend an Australian-style points-based immigration system to European Union citizens if it votes to leave the bloc, the "Out" campaign said on Wednesday, ratcheting up the pressure on a key issue ahead of the June 23 referendum. Two polls on Tuesday showed Britons have moved towards voting to ...
Craig Erlam / OANDA   |   Wed, 1 Jun 2016 13:05:09

Stocks, Sterling Roiled as 'Brexit' Poll Unnerves

Investors received a sharp reality check this week after a new poll on the upcoming referendum in the U.K. highlighted that the vote might just be closer than many people were thinking. With just an hour left of the trading session to go on Tuesday, two polls from U.K. newspaper ...
Craig Erlam / OANDA   |   Wed, 1 Jun 2016 12:58:31

FTSE 100 and AIM under pressure on China, Brexit fears

Brexit fears and more disappointing data from China upset the FTSE 100 Index. The top flight dropped 65 points to 6,165 after an ICM phone poll for the Guardian showed the Leave campaign taking the lead by about four percentage points, although that excluded 'don't know' voters. China's manufacturing index ...
Proactive Investors   |   Wed, 1 Jun 2016 12:50:00

Donald Trump Appears Unfamiliar With Term 'Brexit'

In an interview published Wednesday in the Hollywood Reporter, Donald Trump seemed unaware of the term "Brexit," which is used to describe Great Britian's potential to leave the European Union. During a discussion on pockets of anti-immigrant beliefs in Europe, interviewer Michael Wolff asked Trump, "And Brexit? Your position?" Read ...
TPM   |   Wed, 1 Jun 2016 12:43:48

The Day After Brexit

The Day After Brexit by Mark Burgess, Columbia Threadneedle Investments Instead of arguing for or against British withdrawal from the European Union, we look at the likely outcomes if Brexit were to happen. Picture the scene: The votes have come in [...] The post The Day After Brexit appeared first ...
Columbia Threadneedle Investments / Value Walk   |   Wed, 1 Jun 2016 12:34:58

BREXIT Gold Diversification from One Of Oldest Private Banks In World

BREXIT Gold Diversification from One Of Oldest Private Banks In World BREXIT gold diversification is taking place due to concerns about the BREXIT vote on June 23rd as "smart money" institutions, banks and investors diversify into non negative yielding gold. One of the oldest private banks in the world, Berenberg, ...
GoldCore / Zero Hedge   |   Wed, 1 Jun 2016 12:34:17

No renegotiation of EU treaties if Brexit vote, Juncker tells Spiegel

BERLIN, June 1 (Reuters) - The European Union should not renegotiate existing treaties or push for deeper euro zone rules if Britons vote to leave the bloc in a June 23 referendum, European...
Reuters   |   Wed, 1 Jun 2016 12:30:57

Stocks, sterling roiled as 'Brexit' poll unnerves

Investors received a reality check this week after a poll on the upcoming referendum highlighted that the vote might just be closer than many were thinking.
CNBC   |   Wed, 1 Jun 2016 12:11:00

OECD cuts Canada's outlook, warns Brexit, refugee crisis threaten global growth

The international economic think tank warned today that the 'low-growth trap' will continue if governments don't change tack on spending and trade
The Associated Press / Financial Post   |   Wed, 1 Jun 2016 11:42:01

Brexit possibility impacts on British manufacturing sector

Foreign demand for goods from UK factories falls for fifth month as customers unwilling to commit to investment Uncertainty over Britain's membership of the EU is hitting a third of businesses in the UK manufacturing sector, which barely scraped growth in May according to a closely watched survey. Foreign demand ...
Angela Monaghan / Guardian   |   Wed, 1 Jun 2016 11:39:28

Sterling still slumping after Brexit polls

FT   |   Wed, 1 Jun 2016 11:29:21

Brexit 'would allow fairer immigration'

Vote Leave says the UK could have a "fairer, more humane" points-based immigration system if it left the EU, but Remain campaigners say it would "wreck" the economy.
BBC   |   Wed, 1 Jun 2016 11:12:12

Brexonomics: Never Has So Much Been Written By So Many To The Same Point

By Professor Andrew Scott I have a professional confession to make. I really am not enjoying the Brexit debate. Don't misunderstand me. It's not that I don't think it's important or that I don't know where I stand. For me, Remain is best for the UK -the uncertainty around the ...
London Business School Review, Contributor / Forbes   |   Wed, 1 Jun 2016 11:12:00

Support for Brexit is no longer a minority viewpoint on the British left

In recent years, Euroscepticism has frequently been associated with the right of the political spectrum in the UK, but a number of figures on the left have also voiced their support for the country leaving the EU. Imke Henkel writes that while criticism of the EU's handling of the Eurozone ...
Blog Admin / British Politics and Policy at LSE   |   Wed, 1 Jun 2016 11:00:45

"Something to do with breakfast?" - New Yorkers on the UK #brexit

On 23 June, the UK will vote on whether to leave the European Union. The campaign to leave has been dubbed 'Brexit' - a pithy portmanteau derived from the words 'Britain' and 'exit' - and is dominating the news in Europe. But what do New Yorkers make of the debate? ...
Adam Gabbatt, Emrys Eller / Guardian   |   Wed, 1 Jun 2016 11:00:21

Small Manufacturing Growth Amid Brexit Fears

A third of manufacturing bosses say that uncertainty over the EU referendum has had a detrimental impact on their business.
Sky   |   Wed, 1 Jun 2016 10:46:12

Immigration is the Brexiteers' comfort blanket. It isn't enough to win them the referendum

Asa Bennett / Telegraph   |   Wed, 1 Jun 2016 10:45:49

A British Test of Reason

If voters in the UK decide in the country's referendum on June 23 to leave the EU, it will not be for economic reasons; indeed, it is more than apparent that Brexit would carry huge economic costs. So why does the outcome of the vote remain far from certain?
Jean Pisani-Ferry / Project Syndicate   |   Tue, 31 May 2016 17:23:30

Brexit 'an enormous economic problem'

Former Prime Minister Tony Blair says leaving the EU would create "an enormous economic problem" following any Brexit vote on 23 June.
BBC   |   Sun, 29 May 2016 12:44:49