Brexit News Archive: 17 Jun 2016

Stocks Slump Most In 4 Months As Global Financial Stress Nears 5-Year Highs

With everyone worried about Brexit, we thought the folowing might help clarify (Please Note - Very Not Suitable For Work)... ok it didn't help at all but we've been wanting an excuse to play that for a while. Global Financial Stress Index spikes up most since Aug 2011... As Brexit ...
Zero Hedge   |   Fri, 17 Jun 2016 20:02:15

Hard day's night: bankers braced for referendum decision

Recent efforts to improve the work-life balance of bankers will be thrown out the window next Thursday, when hundreds of London staff pull all-nighters or arrive at dawn to handle trading around the Brexit vote.
IFR   |   Fri, 17 Jun 2016 20:00:00

SP 500 and NDX Futures Daily Charts - Fragility

Britain was not a member of the governance of continental European for many, many years. Why is their membership in this body such an overwhelmingly important consideration now? The issue is not Brexit itself so much, but the fragility of the system which is so threatened by it. And at ...
Jesse's Café Américain   |   Fri, 17 Jun 2016 19:56:00

A Common Central Bank Tool: Fearmongering

Submitted by Tho Bishop via The Mises Institute, This week the Bank of England announced that it would follow the lead of the Federal Reserve and maintain interest rates at .5%. The bank didn't stop there however, warning voters that next week's Brexit referendum posed "the largest immediate risk facing ...
Zero Hedge   |   Fri, 17 Jun 2016 19:25:00

Gundlach on Fed, Trump

Jeff Gundlach discussed his views on Donald Trump, Brexit, the Fed and his favorite investment ideas with CNBC.
CNBC   |   Fri, 17 Jun 2016 19:17:00

Treasury Bond ETFs: Best Start to Year Since 2003

Treasury bonds exchange traded funds have surged this year, with Treasuries enjoying their best start to a year since 2003, as global economic weakness and increased uncertainty, such as the upcoming "Brexit" vote, bolstered demand for safe-havens. Among the best performing Treasury bond ETFs so far this year, he iShares ...
ETF Trends   |   Fri, 17 Jun 2016 18:36:19

VIX Volume Explodes As "Markets Struggle To Believe Anything"

Amid turmoil in Chinese FX markets (which has not ended well in the past), the need to hedge against the looming Brexit vote, and rapidly fading confidence in the ability of The Fed, BoJ, ECB to save the world; it appears what was an ignorantly complacent market has suddenly shrugged ...
Zero Hedge   |   Fri, 17 Jun 2016 17:30:39

UK stock market rebounds from four-month low

With EU referendum campaigning suspended and Brexit fears somewhat abated, investors end week in calmer mood The UK stock market ended a choppy week on a stronger note, rebounding from a four-month low as traders nervously shuffled their positions in the final days before the EU referendum. Risk aversion continued ...
Katie Allen and Nick Fletcher / Guardian   |   Fri, 17 Jun 2016 17:26:14

Brussels bleg

I'll be there next week, in fact just in time for the Brexit vote. Above and beyond the obvious guidebook sights, what do you all recommend that I do? And where should I eat? Here is a good Ian Buruma survey of where Brussels the city is at right now. ...
Marginal Revolution   |   Fri, 17 Jun 2016 17:05:44

Guard Against the Brexit Crisis Now?

Back in May of 1916, the British participated in what is arguably one of the most self-serving, globally damaging geopolitical jiggerings of the last century when British diplomat Mark Sykes partnered with his French counterpart, François Georges-Picot, to partition the [...]
Value Walk   |   Fri, 17 Jun 2016 16:53:44

Spread drops 7 pts to 149

Rome, June 17 - The spread between Italian and German 10-year bonds, a gauge of Italy's borrowing costs and investor confidence, closed seven points down on 149 as Brexit fears abated Friday. The yield was 1.5o%.
Gazzetta Del Sud   |   Fri, 17 Jun 2016 16:11:00

Buy when volatility is high: Trader

Volatility surged this week over a potential Brexit, but according to one trader, investors would be wise to buy stocks.
CNBC   |   Fri, 17 Jun 2016 15:56:00

Stay or Go: Why Financial Markets Are Calm and Carrying On Regarding

Markets tend to be very efficient, except when they’re not. And those are the times that can be brutal for investors.
DealBook   |   Fri, 17 Jun 2016 15:50:23

Stay or Go: Why Financial Markets Are Calm and Carrying On Regarding

Markets tend to be very efficient, except when they’re not. And those are the times that can be brutal for investors.
NEIL IRWIN and PETER EAVIS / NY Times   |   Fri, 17 Jun 2016 15:50:22

Milan bourse closes 3.49% up

Milan, June 17 - The Milan bourse closed 3.49% up Friday with the FTSE-MIB rising to 16,923 points as banking stocks rallied after Brexit fears subsided a little. Banking stocks stood out, and especially Banco Popolare (+12.88%), UBI Banca (+9,96%), Bper (+9.93%), BPM (+9.82%) and UniCredit (+9.44%)
Gazzetta Del Sud   |   Fri, 17 Jun 2016 15:45:00

TAKE A LOOK-Five world markets themes in the coming week

LONDON, June 17- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ BREXIT: ALL AROUND THE WORLD. It's not just Britain or Europe on a knife-edge.
CNBC   |   Fri, 17 Jun 2016 15:24:00

Gold shines yet again

Gold gained more than 1% as it surged once more towards the US$1,300 mark. After gold's initial jump yesterday, when it went as high as US$1,315, the price receded following the murder of MP Jo Cox and the subsequent suspension of EU referendum campaigning. The Brexit vote has played a ...
Proactive Investors   |   Fri, 17 Jun 2016 15:03:00

For the Pound, This May Be as Uncertain as It Gets Before the Brexit Referendum

Has market uncertainty already hit its peak one week ahead of the U.K. referendum on European Union membership? It's a hard call, but options on the British pound suggest it's possible. Sterling's one-month implied volatility has eased in the last three days after jumping by about 63% last month and ...
Jon Sindreu / MoneyBeat   |   Fri, 17 Jun 2016 14:57:11

Gold ETF Downside Limited Even if Brexit is Defeated

The Brexit vote determining Great Britain's status as a member of the European Union, slated for June 23, has been widely cited in recent days as the reason investors are displaying preferences for safer assets such as gold. Applying that logic, it would seem gold exchange traded funds such as ...
Tom Lydon / ETF Trends   |   Fri, 17 Jun 2016 14:54:52

Brexit Boosts Gold This Week But Metal's Uptrend Not Just About U.K.

People tend to buy gold when they fear economic or financial crisis ahead. That makes it an urgent decision for U.K. savers right now.Money managers and retail investors have sent bullion demand higher across all Western markets to date in 2016, but the risk of a Brexit shock to the ...
Adrian Ash, Contributor / Forbes   |   Fri, 17 Jun 2016 14:52:00

With MP Jo Cox's Murder, Britain's Campaign to Leave the EU Turns Toxic

Maria Margaronis The demons of xenophobia, resentment, and rage unleashed by Brexit informed the killer's act.
Maria Margaronis / The Nation   |   Fri, 17 Jun 2016 14:41:58

The Brexit Vote Will Be Rigged - Some Fear

The Brexit Vote Will Be Rigged by Jeff Nielson, Sprott Money How important is the upcoming "Brexit" vote in the UK? In a recent commentary , it was noted that the current leader in French polling to become France's next [...]
Sprott Money / Value Walk   |   Fri, 17 Jun 2016 14:32:19

'Minimal effect' on FCA from Brexit says Marchionne

Venice, June 17 - A Brexit would have a "minimal industrial impact on FCA," CEO Sergio Marchionne said Friday. he said that for Europe the "risk is enormous, not to be Marchionne said "the real question is what will remain of Europe if Brexit wins".
Gazzetta Del Sud   |   Fri, 17 Jun 2016 14:30:00

Banks warn of difficult trading conditions around Brexit vote

(Reuters) - Dutch bank ING and France's Societe Generale have written to clients to warn them of difficult trading conditions in financial markets and large gaps in pricing of assets when Britain votes next week on European Union membership.
IFR   |   Fri, 17 Jun 2016 14:26:00

TREASURIES-U.S. yields rise for first time in 9 sessions as Brexit fears subside

*Death of MP Jo Cox cuts' Brexit' odds among investors. NEW YORK, June 17- U.S. benchmark Treasury yields were on track for their first gain in nearly two weeks on Friday as investors repriced the odds of Britain exiting the European Union a day after U.K. politicians halted campaigning on ...
CNBC   |   Fri, 17 Jun 2016 14:21:00

If I Were President, On The Day After Vote for Brexit...

@instapundit
admin / Coyote Blog   |   Fri, 17 Jun 2016 14:19:31

Brexit Trade: Leveraged Bet That Pound Plummets

Brexit Trade: Leveraged Bet That Pound Plummets If the U.K. currency takes a dive, options investors could double their money in a couple of weeks.Brexit Trade: Leveraged Bet That Pound PlummetsBy Steven M. Sears If the U.K. currency takes a dive, options investors could double their money in a couple ...
Barrons   |   Fri, 17 Jun 2016 14:18:35

Brexit's Impact on U.S. Financial Markets

What Does Brexit Mean for U.S. Markets? Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the Impact on U.S. Financial MarketsBy John Kimelman Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the U.S.
Barrons   |   Fri, 17 Jun 2016 14:16:14

BREXIT risk makes gold "definitely the place to be", says Commerzbank

Gold soared above US$1,300 this week to its highest for almost two years after the latest meeting of the US Federal Reserve and as the impending BREXIT vote looms. The gold price slipped back in the following days, but Daniel Briesemann, analyst at Commerzbank, tells Proactive Investors "risks are still ...
Proactive Investors   |   Fri, 17 Jun 2016 14:08:00

Brexit crusade takes deadly turn

With Britain already bitterly ­divided by Brexit, a violent faultline emerged with the gunning down of Labour MP Jo Cox.
Austrailian   |   Fri, 17 Jun 2016 14:00:00

What will happen to Britain's finances if it leaves the EU?

shutterstock.com Campaigners for both the UK leaving and remaining in the EU have made claims regarding how a Brexit will affect the country's finances. For the Remain campaign, George Osborne, Chancellor of the Exchequer, warned that an emergency budget will be necessary, which will involve large cuts to public spending ...
John Fender, Professor of Macroeconomics, University of Birmingham / The Conversation   |   Fri, 17 Jun 2016 13:54:12

Germany's Schaeuble says well prepared to respond to Brexit anxiety

LUXEMBOURG, June 17 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday that Europe was trying to prepare for any possible outcome of Britain's referendum on whether to stay in the...
Reuters   |   Fri, 17 Jun 2016 13:51:05

Brexit Could Lead To More QE For The UK

The UK could be the next largest developed economy to embark on further aggressive monetary easing; that's according to a Global Macro Strategy research note published by UBS earlier this week. According to the Swiss bank, there are signs that [...]
Rupert Hargreaves / Value Walk   |   Fri, 17 Jun 2016 13:46:52

Stocks open lower as Brexit overhang persists

Stocks on Wall Street are still in wait-and-see mode ahead of next week's "Brexit" vote in the U.K.
USA Today   |   Fri, 17 Jun 2016 13:42:32

17/6/16: Forget Brexit. Think EUrisis

Swedish research institute, Timbro, published their report covering the rise of political populism in Europe. And it makes for a sobering reading.Quoting from the report:"Never before have populist parties had as strong support throughout Europe as they do today. On average a fifth of all European voters now vote for ...
Constantin Gurdgiev   |   Fri, 17 Jun 2016 13:08:00

Gold, Brexit, and uncertainty all round

Markets hate uncertainty, as the famous cliché has it. Gold doesn't though - gold loves uncertainty, or at least gold bulls do. And there's quite a bit of it about at the moment. There's the uncertainty around the Fed's desire to raise rates - stymied recently by poor numbers in ...
Ron Capshaw / Proactive Investors   |   Fri, 17 Jun 2016 12:54:00

Will The VIX Be The Best US Method To Play Brexit Mean Reversion?

Saddled in between a U.S. Federal Reserve that recently indicated in Wednesday's FOMC meeting rate hikes might be put off, leading some to point to weakness and confusion, and a June 23rd Brexit vote that has shockingly left one lawmaker [...]
Mark Melin / Value Walk   |   Fri, 17 Jun 2016 12:50:43

Britons and Europeans

A Brexit would be terrible for the economy, and would damage the dynamic of the whole EU
El País / EL PAÍS   |   Fri, 17 Jun 2016 12:26:15

Friday Morning Links

MUST READS Negative interest rates are scaring people - CNN/Money The World Economy Looks a Bit Like It's the 1930s - Bloomberg Are negative rates a "calamitous misadventure"? ECB economists say no - Brookings Brexit Campaign Suspended after Parliament Member Killed - Voice of America Shooting death of British politician ...
Tim Iacono   |   Fri, 17 Jun 2016 12:21:49

Everything you ever wanted to know about the Brexit but were afraid to ask

The fierce campaigning over whether the UK should leave the European Union - the "Brexit" - is on hold while Britain mourns MP Jo Cox , fatally shot and stabbed by a 52-year-old man who reportedly has longstanding ties to U.S. white supremacist group the National Alliance. But on June ...
The Week   |   Fri, 17 Jun 2016 12:14:31

PRECIOUS-Gold set for third week of gains, helped by Brexit speculation

LONDON, June 17- Gold rose on Friday, supported following a cautious note from the Federal Reserve on interest rates and uncertainty ahead of Britain's vote on European Union membership. The metal, often seen as an insurance in times of financial and economic uncertainty, peaked at $1,315.55 on Thursday, its strongest ...
CNBC   |   Fri, 17 Jun 2016 12:07:00

Should I Stay or Should I Go? Making Sense of Brexit

Note: This article appears on the ETFtrends.com Strategist Channel By Chris Konstantinos "Darlin', you got to let me know/ Should I stay or should I go?" - The Clash, a celebrated British punk band Britons are awaiting June 23 with baited breath - and it's not because that date marks ...
Chris Kostantinos, Riverfront Investment Group / ETF Trends   |   Fri, 17 Jun 2016 12:00:20

To Brexit or not to Brexit

( Scott Johnson ) To Brexit or not to Brexit, that is the question addressed by Douglas Murray in "Exit Britain?" (National Review) and by Christopher Caldwell in "See you, EU?" (Weekly Standard). What is Brexit? Brexit is shorthand for the question whether Britain should leave the European Union, the ...
Scott Johnson / Power Line   |   Fri, 17 Jun 2016 11:53:33

Leave: 'I don't think Brexit would mean tariffs'

Despite Robert Pouget's French heritage and his European business, he wants the UK to vote to leave the European Union.
BBC   |   Fri, 17 Jun 2016 11:51:19

Frontrunning: June 17

Sell-off abates as Brexit opinion seen shifting (Reuters) IMF chief Lagarde says economic risks bigger if Britain leaves EU (Reuters) U.S. State Department Officials Call for Strikes Against Syria's Assad (WSJ) St. Louis Fed's Bullard says U.S. may only need single rate hike for now (Reuters) A Life of Violent ...
Zero Hedge   |   Fri, 17 Jun 2016 11:45:10

Another Brexit Headache: Margin Calls And Contract Uncertainty

With the U.K. set to vote next week on whether to remain in the European Union, some lawyers said they have taken flurries of calls from financial institutions asking about the ramifications of any "Brexit" decision on their trading contracts.
Katy Burne / MoneyBeat   |   Fri, 17 Jun 2016 11:43:39

Futures lower amid growth worries, Brexit uncertainty

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were lower on Friday, weighed by global growth worries and uncertainties around Britain's future in the European Union. Global stocks have been under duress as repercussions of Britain's possible exit from the European Union and the U.S. Federal Reserve's warning about ...
Business Insider   |   Fri, 17 Jun 2016 11:42:01

Brexit Negativity Takes A Time Out

Seeking Alpha   |   Fri, 17 Jun 2016 11:39:09

Brexit or not, global yields are set to stay low for now - Danske Bank

Chief Analyst, Arne Lohmann Rasmussen at Danske Bank, suggests that any significant rise in global rates and yields over the next three to six months
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 11:36:27

Celebrate Brexit By Turning Up The Heat, Gorging On Chocolate

Sure, the global economy would be in panic, but you can trade chocolate like a mofo.
Jon Shazar / Dealbreaker   |   Fri, 17 Jun 2016 11:30:54

1992 May Offer Guide to Results of British 'Leave' Vote

As markets ponder the possible reactions to a Brexit vote on Thursday, Britain's "Black Wednesday" ejection from the European Exchange Rate Mechanism in 1992 might provide some clues.
Georgi Kantchev / MoneyBeat   |   Fri, 17 Jun 2016 11:28:21

Brexit Campaigning Suspended For Second Day, Referendum Vote "In Limbo"

Following the tragic murder of Jo Cox, an advocate for voting to stay in next week's referendum, campaigning over whether the U.K. should quit the European Union was suspended for a second day on Friday. Events planned by the two main campaign groups were canceled, while publication of opinion polls ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 11:25:57

Brexit May Offer Clues to U.S. Election Outcome

There are four significant similarities between the U.S. presidential debate and the debate over whether Britain should exit the European Union.
Gerald F. Seib / WSJ Washington Wire   |   Fri, 17 Jun 2016 11:17:51

Morning News: June 17, 2016

The World Economy Looks a Bit Like It's the 1930s Brexit Campaign on Hold for Second Day After Lawmaker Murder China Imposes Blackout on Hong [...]
Eddy Elfenbein   |   Fri, 17 Jun 2016 11:04:39

What A 'Brexit' Could Mean For The Economy

This is In Real Terms, a column analyzing the week in economic news. Comments? Criticisms? Ideas for future columns? Email me, or drop a note in the comments. Imagine that the states of the Northeastern U.S. - New York and New Jersey, plus New England - don't like the outcome ...
Ben Casselman / FiveThirtyEight   |   Fri, 17 Jun 2016 11:00:10

Global Stocks Rebound As Brexit Odds Decline Following Tragic Death Of UK Lawmaker

Traders are still stunned by the dramatic move in risk assets during yesterday's US session. As a reminder, at the lows for the day in the mid-morning Eastern Time, we saw the DAX at -1.81%, FTSE -1.13%, S&P500 -1.03%, US 10y yield 1.516% (lowest since August 2012) and GBPUSD 1.401. ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 10:51:48

Brexit campaign poster denounced as xenophobic

Nigel Farage's poster shows non-white migrants on borders of European Union.
USA Today   |   Fri, 17 Jun 2016 10:43:17

Brexit's Impact on the World Economy

The febrile behavior of financial markets ahead of the UK's "Brexit" referendum on June 23 shows that the outcome will influence economic and political conditions around the world far more profoundly than Britain's share of global GDP might suggest. In fact, for three reasons, a Brexit vote could catalyze another ...
Anatole Kaletsky / Project Syndicate   |   Fri, 17 Jun 2016 10:23:29

Why Brexit Isn't Game Over for These European Banks

The U.K. referendum is spooking investors across financial services, but some southern European banks are insulated from the blow.
WSJ   |   Fri, 17 Jun 2016 10:22:35

Brexit Negativity Takes A Time Out

Friday June 17: Five things the markets are talking about Two themes have dominated proceedings in capital markets this week, first the flight to safety hitting global markets has been particularly acute in Europe, as polls suggesting growing levels of support for Brexit, ahead of the U.K's June 23 referendum ...
Dean Popplewell / OANDA   |   Fri, 17 Jun 2016 10:13:27

Global shares rally as Brexit fears ebb

Seeking Alpha / Seeking Alpha   |   Fri, 17 Jun 2016 10:00:11

CEE MARKETS-Assets rebound as Brexit fears ease, swings seen returning

* Assets rebound, zloty volatility signals further jitters * CEE central banks not signalled measures to protect markets * Croatian markets under further pressure as PM ousted By Sandor...
Reuters   |   Fri, 17 Jun 2016 09:51:11

What would a Brexit mean for the UK economy?

In six days, Britain will hold a national referendum on whether to leave the European Union. The "Brexit" vote on June 23 looks to be a neck-and-neck decision, with the pro-Brexit forces holding a slight edge. Needless to say, the prospect of a British exit from the EU has roiled ...
The Week   |   Fri, 17 Jun 2016 09:47:02

Ex-Greek FinMin Varoufakis: Brexit won't restore the sovereignty the British people need

The Irish Times quoting comments from Former Greek finance minister Varoufakis on Brexit issue this Friday. Key Quotes: The European Union is like T
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 09:44:36

Brexit: what does France think?

Not that anyone in Britain cares what the French think. As a matter of fact, even the French themselves don't care that much. They have other 'cats to whip' as they say around here: social unrest, terrorist murders, drunk hooligans. There have been surprisingly little surveys in this normally poll-obsessed ...
EU-Asia Institute / Ideas on Europe   |   Fri, 17 Jun 2016 09:40:51

Brexit already put the brakes on real estate?

Even for a sector accustomed to sensationalist headlines, U.K. property has sparked its fair share of scrutiny in the run-up to the Brexit vot
CNBC   |   Fri, 17 Jun 2016 09:35:00

GLOBAL MARKETS-Sell-off abates as Brexit opinion seen shifting

LONDON, June 17 (Reuters) - Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain's EU membership vote next week was suspended after the killing of a...
Reuters   |   Fri, 17 Jun 2016 09:29:12

Russia isn't worried about a Brexit: Finance Minister

Financial markets and sterling might be rattled by the forthcoming referendum on European Union (EU) membership, but Russia doesn't mind either way.
CNBC   |   Fri, 17 Jun 2016 09:21:00

Killing of MP Jo Cox halts Brexit campaigning in UK

Campaigning for June 23 referendum suspended after pro-EU campaigner Jo Cox, 41, is shot dead in northern England.
Al Jazeera   |   Fri, 17 Jun 2016 09:13:25

EMERGING MARKETS-Relief for emerging assets after Brexit, Fed-fuelled weakness

LONDON, June 17 (Reuters) - Emerging stocks rose on Friday but were set to end the week in the red as Brexit concerns weighed on markets while China's yuan posted its biggest weekly loss in over a...
Reuters   |   Fri, 17 Jun 2016 09:09:51

European stocks rally as Brexit fears ease

A renewed risk-on wave hit the European markets on Friday, mainly driven by increased expectations of no Brexit after Britain's campaigning for the re
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 09:07:34

UPDATE 1-Euro zone bond sell-off abates as Brexit chances seen receding

LONDON, June 17 (Reuters) - Germany's benchmark 10-year bond yield briefly nudged back into positive territory on Friday as the murder of a British lawmaker was seen slightly reducing...
Reuters   |   Fri, 17 Jun 2016 09:03:04

Banks and housebuilders push FTSE 100 past 6000 as Brexit fears ease

Investors in calmer mood after recent volatility as campaigning suspended Banking shares are leading the way as the UK market continues its rebound from four month lows. With campaigning for the EU referendum suspended in the wake of the tragic death of MP Jo Cox, investors are in a calmer ...
Nick Fletcher / Guardian   |   Fri, 17 Jun 2016 08:56:36

Pro-Brexit bankers risk repeating past errors

The City may well suffer if Britain quits the EU, yet some financiers plan to vote Leave. Hopes the economy will flourish, as after sterling's 1992 ERM exit, look optimistic. Betting that London can gain from a euro implosion, meanwhile, may just repeat wrong calls made pre-1999.
Breakingviews   |   Fri, 17 Jun 2016 08:48:00

MACQUARIE: These are the companies that will hugely benefit from a Brexit

There are a variety of institutions and governments that have delivered doomsday scenarios for Britain in the event of a Brexit, but analysts at Macquarie point out that some companies will actually do pretty well out of it. In the event of a Brexit, it is widely acknowledged, by everyone ...
Will Martin / Business Insider   |   Fri, 17 Jun 2016 08:44:04

This Week's Brexit Briefing - At A Glance

With less than a week to go before the June 23 referendum on the U.K.'s membership of the European Union, the campaigning was suspended following the killing of a Labour lawmaker Jo Cox. Until that tragic development, the debate was notable mainly for achieving peak ridiculousness and new heights of ...
Stephen Fidler / WSJ Economics   |   Fri, 17 Jun 2016 08:40:28

Christine Lagarde refuses to comment on Brexit 'out of respect' for Jo Cox as she calls for 'reflection' on EU debate

Laura Hughes / Telegraph   |   Fri, 17 Jun 2016 08:37:53

Brexit campaigning still halted as UK mourns slain lawmaker

Campaigning in the referendum on Britain's membership in the European Union remains suspended as Britain mourns the killing of Labour Party legislator Jo Cox
U.S. News   |   Fri, 17 Jun 2016 08:29:32

Fear, Loathing and Brexit

Britons have a choice between bad and worse.
PAUL KRUGMAN / Paul Krugman   |   Fri, 17 Jun 2016 08:21:04

After Jo Cox's Killing, a Heartless but Necessary Market Assessment

Columnist James Mackintosh examines why markets nervous about the 'Brexit' vote reversed course Thursday after the killing of a British lawmaker.
WSJ   |   Fri, 17 Jun 2016 08:16:06

Brexit would be double whammy for Spain SA

A UK exit from the European Union would be a headache for Spanish companies. For one thing, it could increase risk premiums as confidence in the EU wanes. For another, Spain's biggest companies - Santander, Iberdrola and Ferrovial - have made big bets in the UK.
Breakingviews   |   Fri, 17 Jun 2016 08:16:00

Brexit: All Eyes On European Banks

Submitted by Lewis Johnson via Capital Wealth Advisors, "If you go then I'll be blue cause breaking up is hard to do." Neil Sedaka "France and Great Britain shall no longer be two nations, but one Franco-British Union. The constitution of the Union will provide for joint organs of defense, ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 08:00:00

BoE had something to add to the flux of Brexit-headlines - Rabobank

Stefan Koopman, Market Economist at Rabobank, suggests that the Bank of England surprised no one either by leaving the Bank rate at 0.50% and its asse
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:57:33

CHF: Susceptible to Brexit and a sudden deterioration in market sentiment - Rabobank

Stefan Koopman, Market Economist at Rabobank, notes that the Swiss National Bank kept the 3-month Libor target range at -0.25% to -1.25% and the inter
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:47:54

These 2 top U.S. firms thought likely to be hardest hit by BREXIT

Costs increase and capital markets activity decline.
Here Is The City   |   Fri, 17 Jun 2016 07:29:48

Brexit risks and rates favour USD near term - Danske Bank

Research Team at Danske Bank, notes that the EUR/USD reached a temporary peak on 3 May above 1.16 but has since edged lower. Key Quotes "We believe
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 07:29:08

$A ticks higher ahead of Brexit vote

The Australian dollar is stuck in a narrow range as nervous traders await the Brexit vote in the UK.
SMH   |   Fri, 17 Jun 2016 07:28:11

One chart shows you all the main economic forecasts for Britain in the event of a Brexit

Australian investment bank Macquarie has produced a handy chart so you can easily see all the forecasts from a range of economists, from some of the world's most important organisations, about life after a potential Brexit - a British exit from the European Union. All but one of the forecasts ...
Oscar Williams-Grut / Business Insider   |   Fri, 17 Jun 2016 07:25:21

Op-Ed Columnist: Fear, Loathing and Brexit

Britons have a choice between bad and worse.
PAUL KRUGMAN / NY Times   |   Fri, 17 Jun 2016 07:21:02

EUR/CHF still in red around 1.0830

EUR/CHF is posting marginal losses at the end of the week, hovering over 1.0830 following the opening bell in Euroland. EUR/CHF attention to 'Brexit'
Pablo Piovano / FX Street   |   Fri, 17 Jun 2016 07:19:32

This economist thinks Brexit would not be as big of a deal as everyone thinks

Britain leaving the European Union - Brexit - will not be as big of a deal as everyone thinks, says the chief economist at research firm Capital Economics. Despite dozens of investment banks, think tanks, and political organisations predicting that Brexit will destroy the markets and hinder economic growth, Julian ...
Lianna Brinded / Business Insider   |   Fri, 17 Jun 2016 07:16:52

"Brexit and the Globalization Trilemma" by Dani Rodrik

I have not written much on Brexit because I do not have a strong or particularly well-informed view of it. My personal hope is that Britain will choose to remain in the EU - but that is as much because of a belief that without Britain the EU will likely ...
Dani Rodrik / Social Europe Journal   |   Fri, 17 Jun 2016 07:00:41

The rise of euroscepticism in the United Kingdom or the failure of Europeanism

The European Union has severely undermined perceptions of sovereignty and it will fail unless EU citizens regain their voice in the policy process. Might a fully-fledged federalist project do that? A boat forming part of a pro-Brexit makes its way along the River Thames in London on 15 June. John ...
Sophie Heine / Open Democracy   |   Fri, 17 Jun 2016 07:00:00

Shares rise as Brexit fears fall

The share market has ended the week on a positive note as easing fears about Britain exiting the European Union bolster risk sentiment.
SMH   |   Fri, 17 Jun 2016 06:42:12

Brexit and ECB in focus today - Danske Bank

Research Team at Dansk Bank, suggests that the Brexit referendum in the UK continues to be the main focus as both sides have suspended their campaigns
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 06:19:24

German bond yields rise as Brexit chances seen receding

LONDON, June 17 (Reuters) - Germany's benchmark 10-year bond yield rose back into positive territory on Friday as the chances of Britain leaving the EU in a vote next week were seen receding.
Reuters   |   Fri, 17 Jun 2016 06:18:52

GBP/JPY catches fresh bid, re-attempts 149 handle

The retreat in GBP/JPY stalled near 148.30, and from there the prices staged a solid recovery towards 149 handle. GBP/JPY: Focus on Brexit vote Curr
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 06:13:23

UK: Brexit uncertainty suppresses business investment - Rabobank

Research Team at Rabobank, notes that the Office for National Statistics (ONS) confirmed that UK GDP grew by 0.4% in the first quarter of 2016. Key Q
Sandeep Kanihama / FX Street   |   Fri, 17 Jun 2016 06:10:13

Brexit campaign on hold after lawmaker shot dead

Seeking Alpha / Seeking Alpha   |   Fri, 17 Jun 2016 06:09:25

Cox: 'Perfect in every single way'

Before she was attacked and killed Thursday, Jo Cox was known for her vocal stances in the Brexit debate and other political flashpoints -- as well as her beloved persona in and out of Britain's Parliament.
CNN   |   Fri, 17 Jun 2016 06:09:03

British companies prepare for long night to possible Brexit

By Martinne Geller and Kate Holton LONDON (Reuters) - British companies are preparing for the possibility that the country will vote to leave the European Union with extra funds, pre-written statements and plans for late-night vigils by teams of consultants. In the final week before Britain's June 23 referendum on ...
Business Insider   |   Fri, 17 Jun 2016 06:04:21

Asia shares rebound as Brexit risk ebbs

HONG KONG/SINGAPORE - Asian stocks rebounded from a three-week low, the pound strengthened and oil snapped a six-day losing streak after the murder of a UK lawmaker prompted speculation Britons will be less inclined to vote to leave the European Union. Sovereign bonds fell as demand for haven assets ebbed.
Bangkok Post   |   Fri, 17 Jun 2016 06:02:00

If you think the UK will be in control after Brexit, dream on | Andrew Graham

It's a fantasy that the EU will trade with us on our terms. Only by remaining will we have any clout Almost everyone agrees that the EU is not working well. It is also true that on almost any scenario, whether we are in or out, this region will remain ...
Andrew Graham / Guardian   |   Fri, 17 Jun 2016 06:00:01

EUR/GBP flirts with lows near 0.7880

A sharp recovery of the Sterling is prompting EUR/GBP to return to levels below the 0.7900 handle. EUR/GBP focus on risk, 'Brexit' The European cros
Pablo Piovano / FX Street   |   Fri, 17 Jun 2016 05:46:00

Boris Johnson dismisses Bank of England's Brexit warning

Boris Johnson has dismissed fears about the value of sterling in the event of Brexit and suggested the Bank of England governor, Mark Carney, is guilty of talking the economy down.
Here Is The City   |   Fri, 17 Jun 2016 05:19:26

A third of UK businesses think Brexit would be bad for economy

A third of businesses in the UK think Brexit would be bad for the economy, according to a poll that also shows company bosses in London and Scotland are most worried about a vote to leave the EU in next week's referendum.
Here Is The City   |   Fri, 17 Jun 2016 05:04:23

Brexit Causes Elites Angst -- But Britain May Leave EU Anyway

"Market Angst as U.K. Edges to Exit," proclaims the headline on The Wall Street Journal's lead story. The exit referred to is Britain's departure from the European Union, a move that will be mandated if a majority votes "leave" rather than "remain" in the national referendum next Thursday. This outcome ...
Michael Barone / Real Clear Politics   |   Fri, 17 Jun 2016 05:03:29

Foreseeing a gloomy post-Brexit future

Jonathan Eley imagines what life would be like if Britain voted to leave the EU
FT   |   Fri, 17 Jun 2016 05:01:37

Brexit Would Put EU Drug Regulator's Headquarters in Play

Drug-industry figures in Sweden, Denmark and Italy have made the case for their respective nations to host to the European Medicines Agency should the U.K. vote to leave the European Union.
WSJ   |   Fri, 17 Jun 2016 05:00:24

Live: UK referendum campaigns suspended

Our live blog is following reaction after market moves suggest the deadly attack on a UK politician may turn sentiment against a Brexit.
CNBC   |   Fri, 17 Jun 2016 04:47:00

'Brexit' campaigns on hold as Britain mourns Jo Cox

The rival campaigns over whether Britain should leave the European Union remained suspended for a second day Friday following the murder of ...
USA Today   |   Fri, 17 Jun 2016 04:27:15

Investor: There are opportunities with Brexit

Crestone Wealth Management's David Sokulsky explains why U.S. and Japan markets might benefit from U.K. leaving the EU.
CNBC   |   Fri, 17 Jun 2016 04:22:00

Stay or Go: Why the Warnings Don’t Seem to Be Working in Britain

Gloomy forecasts of pain from a breakup have not resonated with British voters amid a generally sunny economy.
PETER EAVIS / NY Times   |   Fri, 17 Jun 2016 04:13:47

Economic Trends: Why the Warnings Don’t Seem to Be Working in Britain

Gloomy forecasts of pain from a breakup have not resonated with British voters amid a generally sunny economy.
PETER EAVIS / NY Times   |   Fri, 17 Jun 2016 04:13:46

NAB: Yen intervention risk on the radar

NAB's Christy Tan says the stakes are higher for a yen intervention ahead of the Brexit risks that will see the safe haven yen strengthening.
CNBC   |   Fri, 17 Jun 2016 04:11:00

Unplugging from EU could set back UK's energy investment

A British vote to leave the EU next week would make UK energy infrastructure investment costlier and delay new projects at a time when the country needs to plug a looming electricity supply gap. Energy has been far from central to debates about Brexit - but the sector would still ...
Nina Chestney, Reuters / Times of Malta   |   Fri, 17 Jun 2016 04:06:01

M&A Deal Makers Express Concern Over Brexit: Survey

Brexit - Crisis Looms for European Assets if Britain Leaves The EU by Intralinks 92% of UK dealmakers believe a British exit from the European Union will have a negative economic impact LONDON 17th JUNE 2016 - The value of [...]
VW Staff / Value Walk   |   Fri, 17 Jun 2016 04:00:47

Jo Cox's tragic death may halt pro-Brexit momentum, analysts say

The tragic death of pro-European Union (EU) politician Jo Cox has shocked the UK and could sway public opinion towards the safety of a unified economic bloc, analysts say.
CNBC   |   Fri, 17 Jun 2016 03:27:00

Brexit Campaigns Suspended After British Lawmaker Shot Dead By Mentally Ill Assailant

Update: The West Yorkshire Police reports that Jo Cox has died as a result of her injuries. The police also adds that a full probe is under way to establish motive. It remains to be seen if the Brexit referendum vote will be delayed as a result of this death. ...
Tyler Durden / Zero Hedge   |   Fri, 17 Jun 2016 03:25:16

Japan policymakers to huddle as yen climbs steeply

The yen's steep climb has spurred a startle response among Japan's policymakers facing a fish stew of forces pushing the currency up.
CNBC   |   Fri, 17 Jun 2016 03:11:00

BOJ ready to offer Dollar funding with 5 (not 6) other central banks if markets roiled by Brexit vote - Source

Reuters quoting sources, noting that BOJ is ready to offer Dollar funding with 5 (not 6) other central banks if markets roiled by Brexit vote.
Dhwani Mehta / FX Street   |   Fri, 17 Jun 2016 03:03:29

Little Britain, Middleman, or America's BFF: the UK's Options after Brexit

John Hemmings Politics, Europe After a European divorce, what strategic role will London play? On June 23, British voters will add another referendum notch to their belt as they consider Britain's membership in the beleaguered European Union. One of the delights of writing about foreign policymaking and international relations is ...
John Hemmings / National Interest   |   Fri, 17 Jun 2016 02:51:00

Share market marginally higher

The share market is higher at noon, with analysts saying investor sentiment is being driven by betting on the "Brexit" poll.
SMH   |   Fri, 17 Jun 2016 02:23:24

Yen Hits Almost Two-Year High as 'Brexit' Storm Gathers Force

The yen soared to its strongest level against the dollar since August 2014 after Japan's central bank left its policy unchanged, the latest sign of how the U.K.'s "Brexit" vote is tying global policy makers' hands.
WSJ   |   Fri, 17 Jun 2016 01:58:33

Oil rises for first time in seven days

Crude oil prices rose in early Asian trade for the first time in seven days after a small decline in US crude inventories overrode fears over brexit.
CNBC   |   Fri, 17 Jun 2016 01:44:00

Eastern Europe Is Both Dreading Brexit and Ready for It

As Britain prepares to vote, memories of the communist collapse color Eastern Europeans’ expectations.
IVAN KRASTEV / NY Times   |   Fri, 17 Jun 2016 01:40:59

Morningstar fund manager meet add Trump if factor to China, Brexit uncertainty

How badly would a Donald Trump presidency shake up markets? Mutual fund managers are at least considering the question, if not yet making big changes to their portfolios. That, plus other topics of conversation from the Morningstar Investment Conference, where fund managers met with financial advisers to discuss where the ...
Japan Times   |   Fri, 17 Jun 2016 01:20:06

Twain: "History never repeats itself, but...

...the Kaleidoscopic combinations of the pictured present often seem to be constructed out of the broken fragments of antique legends."A pro-Brexit poster, unveiled today by the UKIP party's Nigel Farage:A German government information film, c.1940:Just a coincidence, innit guv.
IKN   |   Fri, 17 Jun 2016 01:10:00

Oil intermarket: black gold suffers in risk-off Brexit conditions

It has been a volatile end to the week and the greenback has picked up a bid on a flight to safety as the world's reserve currency...
Ross J Burland / FX Street   |   Fri, 17 Jun 2016 01:03:04

Why are Asian markets doing better?

Haitong Intl Securities Group's Kevin Leung says that Asian market's upwards moves are being driven by short-term news flow about the yen and Brexit.
CNBC   |   Fri, 17 Jun 2016 00:55:00

Asian shares face weekly losses, sterling rebounds in Brexit turmoil

By Lisa Twaronite TOKYO (Reuters) - Asian shares rose on Friday, but remained on track for weekly losses in a week dominated by fears that British voters will opt to leave the European Union in next week's referendum. Campaigning for the upcoming vote, which overshadowed this week's central bank meetings, ...
Business Insider   |   Fri, 17 Jun 2016 00:49:59

Global Investors Wake Up to 'Brexit' Threat

While investors once believed that the British would vote to stay in the EU, the week's polls have made them less sure. That has funds from Peru to Australia scrambling about how to react to a vote that is unprecedented.
WSJ   |   Fri, 17 Jun 2016 00:49:31

GLOBAL MARKETS-Asian shares face weekly losses, sterling rebounds in Brexit turmoil

* Brexit referendum overshadows this week's central bank meetings
Reuters   |   Fri, 17 Jun 2016 00:46:24

Murder of British M.P. Heightens Uncertainty Over Brexit Vote

As I sat down to write this post, on Thursday morning, there was a week to go until the British referendum on whether to leave the European Union, and a "Leave" vote was looking like a live possibility. Politicians who had endorsed a vote to "Remain" were getting nervous, and ...
John Cassidy / The New Yorker   |   Fri, 17 Jun 2016 00:40:52

Westpac Bank: Brexit vote weighs on central banks

Westpac Bank's Sean Callow says the BOJ would not be the only central bank to potentially intervene in the currency market if U.K. votes for a Brexit.
CNBC   |   Fri, 17 Jun 2016 00:39:00

Nikkei leads Asia markets' rises with 1.5% gain

Asia markets opened up Friday, with Nikkei leading gains after two key central bank decisions this week as investors eye the Brexit vote.
CNBC   |   Fri, 17 Jun 2016 00:28:00

Fearful for Longer: VIX Signals Volatility Is Set to Last

The market's fear gauge, the CBOE Volatility Index, is sparking moves in futures markets that suggest investors expect a prolonged period of volatility amid uncertainty about the fallout from the U.K.'s upcoming 'Brexit' vote.
WSJ   |   Fri, 17 Jun 2016 00:21:47

Vox Sentences: A member of Britain's Parliament is assassinated

An extremely dark turn in Britain; the Senate will vote on guns; food riots in Venezuela. Vox Sentences is written by Dylan Matthews and Dara Lind. TOP NEWS Jo Cox, 1974-2016 Dan Kitwood/Getty Images Jo Cox, a 41-year-old member of British Parliament, was murdered today by a constituent during her ...
Dara Lind / Vox   |   Fri, 17 Jun 2016 00:00:03

Wall Street treads lower as Brexit opinions shift

Sterling and bond yields rose as traders tried to assess whether the killing of a pro-EU British lawmaker may change the balance of opinions in Britain's upcoming referendum on European Union membership.
Buenos Aires Herald   |   Fri, 17 Jun 2016 00:00:00

Strategist: Yen strength is a problem

If a Brexit does happen, the USD/JPY pair could easily fall below 100 levels and even touch 95, notes BAML FX Strategist Shusuke Yamada.
CNBC   |   Thu, 16 Jun 2016 23:56:00

Attacker Kills U.K. Lawmaker, Throws Brexit Debate Into Disarray

A lawmaker from the U.K.'s main opposition Labour Party died Thursday after a brutal attack on the street in northern England, prompting a halt to official campaigning ahead of next week's referendum on the U.K.'s EU membership.
WSJ   |   Thu, 16 Jun 2016 23:38:37

Brexit Would Invoke 'Whatever It Takes'

The Bank of Japan chose to do nothing overnight. While that was in line with the consensus view, the market reaction was one of clear disappointment. The yen raced higher and Japanese stocks were hit hard. And set the tone for global markets for the day (at least early on). ...
Bryan Rich, Contributor / Forbes   |   Thu, 16 Jun 2016 23:25:00

GBP/USD: based on 1.42 handle after tragedy and turbulence overnight

Sterling crosses and Brexit were yet again taking over the spotlight while the BoJ and Fed decisions faded into the background...
Ross J Burland / FX Street   |   Thu, 16 Jun 2016 23:19:45

James Coomarasamy: Dutch hopes and fears over Brexit

James Coomarasamy reports from Rotterdam on how a possible Brexit is viewed in the Netherlands.
BBC   |   Thu, 16 Jun 2016 23:18:09

Shares slide as fears grow over Brexit in referendum

Thai shares joined a global equity sell-off yesterday, tumbling 1.65% amid mounting nervousness over a possible British exit from the European Union as the vote looms.
Bangkok Post   |   Thu, 16 Jun 2016 23:00:00

Cramer: Brexit & oil are the real deal

Jim Cramer is explains why there is a tug of war happening between Brexit and oil.
CNBC   |   Thu, 16 Jun 2016 22:57:00

Bonds slip despite mounting Brexit fears

Australian bond prices have fallen despite European investors flocking to safe havens as fears intensify in the lead up to the Brexit referendum.
SMH   |   Thu, 16 Jun 2016 22:53:15

British MP murdered in the street

Labour politician and pro-Remain supporter Jo Cox, 41, was shot and stabbed by a man yelling "Britain First" one week out from the Brexit vote.
Austrailian   |   Thu, 16 Jun 2016 22:45:00

Brexit: Who's Really to Blame for Europe's Mess

REUTERS/Kai Pfaffenbach David DayenJune 17, 2016 A year ago, one of the poorest countries in the 28-member European Union, Greece, elected the left-wing Syriza faction in defiance of EU leadership, signaling a threat to break away from the partnership. Next week, one of the richest countries, the United Kingdom, will ...
jherr / Fiscal Times   |   Thu, 16 Jun 2016 22:41:51

Brexit: callous markets rally

The unsympathetic bet is that Jo Cox's death will convince Britain's voters to stick with Europe and avoid the Brexit.
Austrailian   |   Thu, 16 Jun 2016 22:31:00

Brexit Campaign Suspension Allows Markets To Rally

Markets were short-term oversold entering Thursday. The assassination of anti-BREXIT MP, Jo Cox, prompted bulls to squeeze shorts as BREXIT was either put off or gave anti-BREXIT forces time to win the day. And, that's that. There wasn't any other news, although oil prices fell sharply. This reversed previously strong ...
ETF Digest   |   Thu, 16 Jun 2016 22:02:34

The Brexit challenge

Europe is discussing Brexit. In a week's time, perhaps the discussion will shift to the "day after situation" irrespective of how the people of the United Kingdom vote in a June 23 referendum on whether Britain should leave or remain in the European Union
Hurriyet   |   Thu, 16 Jun 2016 22:01:00

Reuters 'Explains' Today's Market Move

Uncertain WTF happened today in every market? Reuters has the unbelievable answer... As shocking as that Reuters' headline is, it appears - for now - to be exactly the catalyst that sparked panic-buying in Sterling, on hopes that a Brexit vote may be delayed, which in turn lifted all risky ...
Zero Hedge   |   Thu, 16 Jun 2016 21:38:49

After Jo Cox's Killing, a Heartless but Necessary Market Assessment

Columnist James Mackintosh examines why markets nervous about the 'Brexit' vote reversed course Thursday after the killing of a British lawmaker.
WSJ   |   Thu, 16 Jun 2016 21:34:07

Survey: Four-Fifths of European Hedge Fund Managers Believe Britain will 'Remain'

With perhaps a keener sense of the economic risks involved, a new study by alternative investment industry data provider Preqin reveals nearly 80% of European hedge fund managers believe Britain will vote to remain in the European Union when it holds a referendum on the so-called Brexit on June 23. ...
Steve Lord / FINalternatives   |   Thu, 16 Jun 2016 21:27:13

Central banks brace for Brexit as 'Leave' jitters grow

Bank of Canada in chorus of alarm sounded over potential risks to global economy if Britain leaves EU
JEFF BLACK AND MATTHEW CAMPBELL / Globe and Mail   |   Thu, 16 Jun 2016 21:26:55

$A stages recovery amid Brexit fears

The Australian dollar has staged a rebound despite intensifying concerns about the looming Brexit vote after a British MP was killed.
SMH   |   Thu, 16 Jun 2016 21:14:20

Boris Johnson dismisses Bank of England's Brexit warning

Former London mayor suggests Mark Carney was talking economy down by warning that pound could fall Boris Johnson has dismissed fears about the value of sterling in the event of Brexit and suggested the Bank of England governor, Mark Carney, is guilty of talking the economy down. Related: Why the ...
Rowena Mason Political correspondent / Guardian   |   Thu, 16 Jun 2016 21:11:38

US markets shrug off Brexit worries

Wall Street markets rose on Thursday as oil shares climbed.
BBC   |   Thu, 16 Jun 2016 21:09:52

Market Recap Jun 16, 2016

Indexes opened down but rallied once European indexes closed. The S&P 500 gained 0.31% and the NASDAQ 0.21%. We won't talk about Brexit today in light of the dour news overseas. U.K. Prime Minister David Cameron stating that all campaigning around the E.U. referendum has been suspended, following news that ...
Stock Trading To Go   |   Thu, 16 Jun 2016 21:01:37

What currencies are saying about Brexit

Here's why all signs in the currency market point to a vote by Britain to stay in the European Union, trader Jon Najarian says.
CNBC   |   Thu, 16 Jun 2016 20:50:00

EMERGING MARKETS-Latam currencies slip as oil falls, Brexit fears reemerge

(Adds about stock recovery, updates prices) By Bruno Federowski SAO PAULO, June 16 (Reuters) - Latin American currencies fell on Thursday as investors returned their focus to a sharp fall in...
Reuters   |   Thu, 16 Jun 2016 20:36:11

Stocks stage big swing, end 5-day down streak

Stocks shake off morning blues despite growing angst about next week's Brexit vote
USA Today   |   Thu, 16 Jun 2016 20:22:24

Yen-Tervention, Yen-Sanity, And Brexit

Seeking Alpha   |   Thu, 16 Jun 2016 20:13:27

A Reluctant Case Against Brexit: Three Central Questions

Patrick Porter Global Governance, Europe Brexit threatens the UK's constitutional integrity. Oscar Wilde quipped that socialism would take too many evenings. So, too, would the process of Britain leaving the EU, let alone adapting to life outside it. For Britain to vote to leave in its referendum next week would ...
Patrick Porter / National Interest   |   Thu, 16 Jun 2016 20:12:00

6 days of stock market turbulence

U.S. stocks are in jeopardy of suffering their longest losing streak since the market freakout in August. Concerns about a possible Brexit and central bank policies continue to drive stocks lower and gold even higher.
CNN   |   Thu, 16 Jun 2016 20:11:40

British MP attacked, killed

Labour politician Jo Cox, 41, was shot and stabbed by a man yelling "Britain First" one week out from the Brexit vote.
Austrailian   |   Thu, 16 Jun 2016 20:04:00

From Entropy To Ecstasy - A Market In Chaos

So to recap - Fed dismal and no change - warns of Brexit, BoJ disappoints with no change - warns of Brexit, BoE does nothing - warns of Brexit, Brexit polls show "Leave" leading... but an England win in Euro2016 and the death of a British MP was enough to ...
Zero Hedge   |   Thu, 16 Jun 2016 20:03:18

Market's Reaction to 'Brexit' Ignores US Economy's Fundamentals

submits: High fear of financial collapse! Major investors saying "Get out!", 'Brexit' forecasts dire for European economy! In the US, top investors say Fed has lost control and the economy or something will spiral out of control. These are [...]
valueplays / Value Walk   |   Thu, 16 Jun 2016 20:00:44

With European Banks On The Ropes, KBW Sees Brexit Pressures For Goldman Sachs And JPMorgan

Goldman Sachs and JPMorgan are the most vulnerable to a possible split of Britain from the E.U. given their sizable U.K.-based operating income, according to analysts at Keefe, Bruyette & Woods.
Antoine Gara, Forbes Staff / Forbes   |   Thu, 16 Jun 2016 19:54:00

TREASURIES-Yields off 4-year lows after 'Brexit' campaigning suspended

* Bank of Japan doesn't add stimulus, prompts risk-off sentiment
Reuters   |   Thu, 16 Jun 2016 19:51:23

USD/CAD Loonie Falls as Brexit Fears Rise

The Canadian dollar depreciated against the U.S. dollar after the market's anxiety with the upcoming Brexit vote has risen following a deadly shooting of a U.K. member of parliament shut down the campaign on both sides of the referendum. The USD rose against all major pairs as a flight to ...
Alfonso Esparza / OANDA   |   Thu, 16 Jun 2016 19:28:17

6 days of stock market turbulence

U.S. stocks are in jeopardy of suffering their longest losing streak since the market freakout in August. Concerns about a possible Brexit and central bank policies continue to drive stocks lower and gold even higher.
CNN   |   Thu, 16 Jun 2016 19:27:07

Anti-Brexit British MP Assassinated on the Street

The Guardian has good coverage of the political assassination to occurred today in Birstall, England. Freshman Labour MP Jo Cox was cut down by a madman wielding a gun and a knife, and reportedly yelling "Britain First." That's probably a reference to the Brexit debate going on in Britain right ...
martinlongman / Political Animal   |   Thu, 16 Jun 2016 19:10:24

Brexit's Impact on U.S. Financial Markets

What Does Brexit Mean for U.S. Markets? Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the Impact on U.S. Financial MarketsBy John Kimelman Though the White House and Jamie Dimon are against Brexit, there may be some advantages for the U.S.
Barrons   |   Thu, 16 Jun 2016 19:08:39

BREXIT: Boom Or Bust For UK?

Ron Paul and Daniel Adams discuss.
Robert Wenzel / Economic Policy Journal   |   Thu, 16 Jun 2016 18:58:00

FTSE could drop 16% on Brexit - Morgan Stanley

Seeking Alpha / Seeking Alpha   |   Thu, 16 Jun 2016 18:47:21

FX Traders Heavily Influenced By 'Brexit' Polls But Should They Just Ignore Them?

Foreign currency traders using Pelican, a recently launched 'App only' trading network that combines a contracts for difference (CFD) and spread betting execution platform with a social engine, has found that they are "heavily influenced" by Brexit opinion polling. But should the market get so hung up on this given ...
Roger Aitken, Contributor / Forbes   |   Thu, 16 Jun 2016 18:45:00

Gold miners emerge as Brexit havens

Shares spike as price of shiny yellow metal hits two-year high
FT   |   Thu, 16 Jun 2016 18:43:10

Brexit: Why I'm voting to stay in the EU

Britain has a huge amount to gain from EU projects. The economic case for staying in the EU is powerful, says BreakingViews founder Hugo Dixon.
CNBC   |   Thu, 16 Jun 2016 18:37:00

US oil settles at 5-week low

U.S. oil prices slumped more than 2 percent to close at a five-week low on Thursday.
CNBC   |   Thu, 16 Jun 2016 18:35:00

British MP Jo Cox Murdered in Presumed Brexit-Related Attack

A British MP, Jo Cox, is dead in a presumed politically-driven murder.
Naked Capitalism   |   Thu, 16 Jun 2016 18:33:36

ECB closes ranks with Bank of England to avert Brexit crunch

Ambrose Evans-Pritchard / Telegraph   |   Thu, 16 Jun 2016 18:31:03

LATAM CLOSE-No deals price in LatAm primary market

* LatAm primary on hold over Brexit * Petrobras Argentina preps bond, buyback * CPFL to use cash, debt for AES Sul buy By Mike Gambale and Paul Kilby NEW YORK, June 16 (IFR) - No...
Reuters   |   Thu, 16 Jun 2016 18:23:22

Stocks Trim Losses

U.S. stocks pared early losses, lifted by gains in the telecommunications and utilities sectors. The Dow industrials had fallen as much as 169 points earlier after Japan's central bank dashed hopes for additional monetary easing and amid concerns about the U.K.'s 'Brexit' vote. Campaigning in that vote was halted Thursday ...
WSJ   |   Thu, 16 Jun 2016 18:13:38

Why the Bank of England was right to reveal Brexit anxiety

Though the central bank's warning about the EU vote may sound alarmist to Brexiters, it would be bizarre if it stayed silent on the issue Mark Carney's irritation with Bernard Jenkin is understandable. The governor of the Bank of England has been scrupulous - painfully so, at times - to ...
Nils Pratley / Guardian   |   Thu, 16 Jun 2016 18:12:28

Yen ETF Jumps as BOJ Stands Pat, 'Brexit' Concerns Mount

With the Bank of Japan holding off further stimulus and concerns over the "Brexit" vote fueling safe-haven bets, the Japanese yen and currency-related exchange traded funds surged Thursday. On Thursday, the CurrencyShares Japanese Yen Trust (NYSEArca: FXY) jumped 1.6% while the ProShares Ultra Yen (NYSEArca: YCL), which tries to reflect ...
Max Chen / ETF Trends   |   Thu, 16 Jun 2016 18:03:22

Brexit to hurt large U.S. banks' 2016 earnings by 1-6 percent: KBW

(Reuters) - Earnings of large U.S. banks would be hit by 1-6 percent this year if Britons vote in favor of leaving the European Union next week, according to brokerage Keefe, Bruyette & Woods (KBW). Britain's exit could increase costs and weaken capital market activity, hurting banks such as Goldman ...
Business Insider   |   Thu, 16 Jun 2016 18:02:35

Brexit worries hit currencies

CNBC Contributor Jon Najarian talks about the impact of Brexit polling on currencies, including the British pound.
CNBC   |   Thu, 16 Jun 2016 18:01:00

Brexit? What Brexit? Dow Turns Positive Despite Looming Vote

Stocks have cut their losses, with the Dow Jones Industrial Average turning barely positive, as investors continue to wrestle with Britain's potential exit from the European Union . The Dow Jones Industrial Average has gained 0.68 point to 17,640.85 at 1:46 p.m. today, though the S&P 500 has dropped 0.2% ...
Ben Levisohn / Stocks To Watch   |   Thu, 16 Jun 2016 18:00:23

GLOBAL MARKETS-Sterling gains as Brexit campaigning suspended

* U.S. benchmark yields down (Adds that sterling positive after Brexit campaigning suspended)
Reuters   |   Thu, 16 Jun 2016 17:58:32

Eurozone could cope with Brexit fallout, says Eurogroup chief

Peter Spence / Telegraph   |   Thu, 16 Jun 2016 17:49:49

A steady BoE was no surprise, watching Brexit polls- Scotiabank

Analysts at Scotiabank explained that the UK data this week have not reflected the referendum trepidation that had been broadly feared ...
Ross J Burland / FX Street   |   Thu, 16 Jun 2016 17:46:39

TREASURIES-Yields rise from 4-year lows; 'Brexit' campaigning halted

* 'Brexit' campaigning suspended for the day; lawmaker shot dead
Reuters   |   Thu, 16 Jun 2016 17:41:56

Renzi dismayed at 'horrible' Brit Labour MP assassination

(supersedes previous)Rome, June 16 - Italian Premier Matteo Renzi on Thursday expressed dismay over the stabbing and shooting murder of British Labour MP Jo Cox, 41, by a Brexiteer earlier in the day. "A horrible act of hatred that casts a shadow over the hearts of us all," Renzi said. ...
Gazzetta Del Sud   |   Thu, 16 Jun 2016 17:36:00

"Remain" Campaign To Stay Suspended On Friday As IMF Delays Release Of Brexit Economic Impact Report

Update: it appears the scene is being set for a vote delay after all, courtesy of none other than the IMF: IMF DELAYS RELEASE OF REPORT ON BREXIT ECONOMIC IMPACT IMF SAYS U.K. AGREED ON DELAY FOR RELEASE OF IMF U.K. REPORTS IMF CITES `TODAY'S TRAGIC EVENT' IN U.K. FOR ...
Tyler Durden / Zero Hedge   |   Thu, 16 Jun 2016 17:33:23

FTSE 100 nears four-month low as Bank of England leaves rates unchanged and warns of Brexit risks

Tara Cunningham / Ambrose Evans-Pritchard   |   Thu, 16 Jun 2016 17:31:43

Brexit Testing Support At 25-Year Head And Shoulders Neckline For British Pound

Seeking Alpha   |   Thu, 16 Jun 2016 17:28:40

Brexit Trade: Leveraged Bet That Pound Plummets

If the U.K. currency takes a dive, options investors could double their money in a couple of weeks.
Barrons   |   Thu, 16 Jun 2016 17:27:49

Dow reverses triple-digit loss, turns positive

Stocks shake off morning blues despite growing angst about next week's Brexit vote in the U.K.
USA Today   |   Thu, 16 Jun 2016 17:25:55

Jo Cox: Mother, humanitarian slain

Before she was attacked and killed Thursday, Jo Cox was known for her vocal stance in the "Brexit" debate -- as well has her beloved persona in and out of Britain's Parliament.
CNN   |   Thu, 16 Jun 2016 17:24:06

LatAm borrowers on hold as Brexit fears roil market

Latin America's primary bond markets have ground to a halt this week as fears over a possible UK exit from the European Union send bond spreads wider and stop investors from taking on risk.
IFR   |   Thu, 16 Jun 2016 17:22:00

Bank of England warns Brexit uncertainty is hurting the economy - as it happened

UK central bank warns that big economic decisions are already being delayed by uncertainty over the EU vote, as it leaves interest rates on hold yet again BoE warns on Brexit again Mark Carney hits back over referendum criticism Markets in the red 6.10pm BST In another volatile day, leading ...
until 1pm / Guardian   |   Thu, 16 Jun 2016 17:10:35

The show goes on for high yield issuers

The high yield market continued to bat off Brexit risk concerns as well as general market volatility as borrowers issued new paper on high investor demand.
IFR   |   Thu, 16 Jun 2016 17:10:00

Who Gives a Brexit?

It seems that Britain not only has forgotten how to be British but also how to be Great-currently the preserve of the American.
Robert Garson / NY Observer   |   Thu, 16 Jun 2016 17:00:04

Euro banks weaken before Brexit vote

CNBC's Seema Mody reports on pressure building in European bank stocks ahead of the UK's EU referendum vote.
CNBC   |   Thu, 16 Jun 2016 17:00:00

Will Brexit Give The US Negative Interest Rates?

Submitted by John Rubino via DollarCollapse.com, One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is generally seen as the premier safe haven currency, would Japan and much of Europe have government bonds - and ...
Tyler Durden / Zero Hedge   |   Thu, 16 Jun 2016 16:51:39

High street sales rise smashes forecasts

British retailers boast 0.9% rise as shoppers appear indifferent to EU vote fears and spend cash on summer outfits Retail sales jumped more than expected in May as shoppers shrugged off Brexit fears and splashed out on summer clothing. Continue reading...
Angela Monaghan / Guardian   |   Thu, 16 Jun 2016 16:44:20

Why the Brexit is Binary Bollocks for Investors

We can't help but notice that everyone's all in a tizzy about this Brexit vote. We've got the Dax down about -7%, the VIX up some 40% in the last week and a half, and a whole range of other [...]
Attain Alternative Blog / Value Walk   |   Thu, 16 Jun 2016 16:43:22

FTSE100 pares losses after BoE Brexit warning and Finns label it a Lehman moment

London's FTSE100 recouped most of its losses by the close on Thursday, but investors remained edgy after the Bank of England repeated its warnings of economic harm if the UK opts to Brexit the European Union, while Finland's finance minister labelled such a move a "Lehman moment". Alexander Stubb, Finland's ...
Proactive Investors   |   Thu, 16 Jun 2016 16:41:00

Banks lead European stocks lower as Brexit worries dominate

MILAN/ LONDON, June 16 (Reuters)- European shares fell on Thursday, with banking stocks dragging regional equity indexes to touch their lowest point in almost four months in a market dominated by concerns over next week's British vote on European Union membership. A warning from the Swiss National Bank that UBS ...
CNBC   |   Thu, 16 Jun 2016 16:40:00

EU eyes legal options for quick Brexit

Lawyers are examining ways to suspend rights of British companies within the single market
FT   |   Thu, 16 Jun 2016 16:39:56

Loonie, oil and stock markets slump amid Brexit gloom

The Canadian dollar, the benchmark price for U.S. oil and North American stocks were all suffering through a down day on Thursday ahead of the looming Brexit vote.
CBC News / CBC   |   Thu, 16 Jun 2016 16:39:17

Oil Continues To Tumble On Brexit Fears

Thirty-six years after the movie 'The Blues Brothers' opened in Chicago, and the black gold brothers of Brent and WTI are looking melancholic once more. As Brexit fears cause both uncertainty and a flight to the safety of the U.S. dollar, crude shuffles lower for a sixth consecutive day. Hark, ...
Matt Smith / Oil Price   |   Thu, 16 Jun 2016 16:38:50

Brexit Explained: What It Is and How It Could Change the World

PHIL NOBLE By Suman Bhattacharyya,The Fiscal TimesJune 16, 2016 What is Brexit? Brexit, a portmanteau of the words "Britain" and "exit," refers to Britain leaving the European Union. Why do I keep hearing about it? On Tuesday, June 23, the U.K. will hold a referendum on whether Britain should leave ...
arader / Fiscal Times   |   Thu, 16 Jun 2016 16:36:42

Euro hedge funds on a Brexit: No way

While the rest of the world wonders whether the U.K. will leave the EU, one group is confident it will not.
CNBC   |   Thu, 16 Jun 2016 16:33:00

Virgin Media owner backs Brexit fight

Liberty Global says broadband investment could be cut if Britain leaves EU
FT   |   Thu, 16 Jun 2016 16:30:38

US banks face Brexit fallout: Report

Banks will see earnings and staff impacted if the UK quits the EU, but analysts say not to fear.
CNBC   |   Thu, 16 Jun 2016 16:30:00

6 days of selling grip Wall Street

U.S. stocks slumped again Thursday, leaving the Dow on track for its longest losing streak since the market freakout in August. Concerns about a possible Brexit and central bank policies continue to drive stocks lower and gold even higher.
CNN   |   Thu, 16 Jun 2016 16:25:19

What Trumpism and Brexit have in common

It's fair to say there are similar forces driving both phenomena. But there are stark differences too.
CNBC   |   Thu, 16 Jun 2016 16:25:00

Goldman and JPMorgan have most to lose on Brexit - KBW

Seeking Alpha / Seeking Alpha   |   Thu, 16 Jun 2016 16:23:22

What Will Brexit Bring to the US?

By John Rubino One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is generally seen as the premier safe haven currency, would Japan and much of Europe have government bonds - and some corporate... Please ...
EconMatters / EconMatters Global   |   Thu, 16 Jun 2016 16:23:00

British MP dies after being shot and stabbed by Brexiteer

London, June 16 - A British Labour MP died in hospital Thursday after being shot and stabbed by a man near Leeds who reportedly shouted "Britain First" as he attacked her, a week before the country is due to hold a referendum on whether to remain in the European Union. ...
Gazzetta Del Sud   |   Thu, 16 Jun 2016 16:19:00

Global Bonds Enter The Twilight Zone?

Chikako Mogi of Bloomberg reports, Japan Bond Yields Tumble to New Lows as Yen Soars on Brexit, Fed: Japan's government bonds surged, driving down yields from five to 40 years to record lows as the yen surged after the central bank kept policy unchanged, while the Federal Reserve cited Brexit ...
Leo Kolivakis   |   Thu, 16 Jun 2016 16:02:00

Should Britain Listen to America's Brexit Lectures?

Doug Bandow Politics, Americas Two U.S. senators presume to know more about British security than its own residents. We are told that God is concerned when even a sparrow falls to earth-and apparently, so is Washington. It seems that there is no event around the globe with which America is ...
Doug Bandow / National Interest   |   Thu, 16 Jun 2016 16:01:00

Stocks Rebound to End Higher; Brexit Eyed

Read full story for details.
Morningstar   |   Thu, 16 Jun 2016 16:00:00

EU referendum: how to trade it

With the Leave campaign holding a small lead, investors are preparing how to hedge a possible Brexit
FT   |   Thu, 16 Jun 2016 15:58:39

As 'Brexit' Vote Looms, Goldman Offers a Trading Strategy for U.S. Stocks With U.K. Ties

"Bexit" fears haven't spurred elevated demand for options that protect against declines in specific U.S. stocks with high exposure to the U.K., according to Goldman Sachs.
Saumya Vaishampayan / MoneyBeat   |   Thu, 16 Jun 2016 15:57:38

Caution: Trading On The Brexit Vote Could Be Hazardous To Your Wealth

On June 23, United Kingdom (U.K.) voters will decide whether their country remains parts of the European Union (E.U.) or whether they ask for a divorce. Clearly, the Brexit decision has major economic and political implications. Given the significance of the vote, how should investors prepare? For now, most of ...
Bruce McCain, Contributor / Forbes   |   Thu, 16 Jun 2016 15:51:00

Brexit: Why Jitters Are Spreading Beyond U.K.'s Shores

Until recently, markets have tended to think of Brexit as as a U.K. event. But with polls suggesting that the "leave" campaign has the momentum, there are signs of contagion to Europe.
Heard on the Street   |   Thu, 16 Jun 2016 15:50:55

UPDATE 1-Brexit fears reopen euro zone bond market rift in echoes of crisis

* Cost to insure Portuguese debt hits 4-month high (Adds new milestones)
Reuters   |   Thu, 16 Jun 2016 15:50:41

The geeks must have their say on Brexit

As with Lehman, technical points apparent only to experts can set off unpredictable chain reactions
FT   |   Thu, 16 Jun 2016 15:48:24

GLOBAL MARKETS-Yen jumps as BoJ holds off easing; oil prices drop

* Banks lead European stocks lower as Brexit worries dominate
Reuters   |   Thu, 16 Jun 2016 15:45:28

Brexit: What Are the Consequences?

Heard on the Street podcast: The looming risks of Britain's vote and Tencent's massive mobile-gaming deal
Miriam Gottfried / MoneyBeat   |   Thu, 16 Jun 2016 15:44:27

UK Labour MP Dies After Being Shot by Constituent, Parties Agree to Suspend Brexit Campaigning

The Guardian. United Kingdom.
The Guardian. United Kingdom. / World Affairs   |   Thu, 16 Jun 2016 15:43:28

Thursday assorted links

1. Brexit pricing precedents. 2. Ships have gottten too big. 3. Why are some murder rates going back up? 4. The excellent Katherine Mangu-Ward is the new editor-in-chief of Reason magazine. 5. Cass Sunstein on GoodReads. 6. Not trusting authority is a key pro-Brexit indicator. The post Thursday assorted links ...
Marginal Revolution   |   Thu, 16 Jun 2016 15:40:13

A Third of UK Businesses Think Brexit Would be Bad for Economy

A third of businesses in the UK think Brexit would be bad for the economy, according to a poll that also shows company bosses in London and Scotland are most worried about a vote to leave the EU in next week's referendum. The poll of 3,394 business owners and finance ...
Alfonso Esparza / OANDA   |   Thu, 16 Jun 2016 15:40:03

Cashin: Careful of game-playing at close

CNBC's Bob Pisani and Art Cashin, of UBS, discuss the large European banks under "extreme pressure," and the potential impact from Brexit on U.S. banks.
CNBC   |   Thu, 16 Jun 2016 15:40:00

Berlin frets about EU influence if UK goes

Berlin fears dominant role would be undermined by Brexit
FT   |   Thu, 16 Jun 2016 15:38:32

Brexit Would Be Bad, Bad News for JPMorgan, Goldman Sachs

KBW's Brian Kleinhanzl argues that Brexit " would be a negative for the U.S. Universal Banks " such as JPMorgan Chase ( JPM ), Citigroup ( C ), Bank of America ( BAC ), Goldman Sachs ( GS ), and Morgan Stanley ( MS ). He explains why:
Ben Levisohn / Stocks To Watch   |   Thu, 16 Jun 2016 15:37:29

European Peripheral Bond Risk Explodes: Forget Brexit, "Now It's Italy's Turn"

If there was any doubt that Brexit was then the surges in European peripheral bond risk, despite massive bond-buying by The ECB, should send shivers up and down the status quo huggers that are shrugging the referendum decision off because "central banks will provide liquidity." However, it's not just The ...
Tyler Durden / Zero Hedge   |   Thu, 16 Jun 2016 15:35:34

Dow trims losses, off 55, as slide hits Day 6

Stocks are off morning lows amid growing angst about next week's Brexit vote in the U.K.
USA Today   |   Thu, 16 Jun 2016 15:33:01

EMERGING MARKETS-Latam stocks, currencies down as Brexit worries reemerge

By Bruno Federowski SAO PAULO, June 16 (Reuters) - Latin American stocks and currencies fell on Thursday as investors returned their focus to Britain's possible exit from the European Union. ...
Reuters   |   Thu, 16 Jun 2016 15:30:28

Cameron suspends anti-Brexit campaign in Gibraltar after MP attack

Prime Minister Mariano Rajoy had complained about his British counterpart's planned involvement in contested overseas territory
Pablo Guimón, El País, Agencias / EL PAÍS   |   Thu, 16 Jun 2016 15:19:42

Hard to be optimistic with these Brexit polls - Tusk

Brussels, June 16 - It is "very hard to be optimistic" about Britain voting to stay in the EU amid polls showing a big lead for Brexit, European Council President Donald Tusk said Thursday. He said a Brexit "made no sense" and would lead to "seven years of political limbo ...
Gazzetta Del Sud   |   Thu, 16 Jun 2016 15:17:00

BoE to ease monetary policy in case of Brexit - Danske

Today the Bank of England as expected left interest rates and the purchase program unchanged. According to analysts from Danske Bank...
Matías Salord / FX Street   |   Thu, 16 Jun 2016 15:16:16

Gold to Yellen, Brexit: "Me Likey"

As the world's smartest and most influential economists scratch their collective heads amidst the growing realization by investors that once omnipotent, omniscient central bankers don't really understand what it is that they are doing (presumably, if they did understand how this all works, they would have fixed things by now) ...
Tim / Tim Iacono   |   Thu, 16 Jun 2016 15:01:24

The Future of the British Pound Lies in the Brexit

There is an old saying about currency markets: "The only certainty is that the exchange rate will fluctuate". So increased fluctuations in the currency market in the build-up to the UK's referendum on EU membership are not unexpected. The levels of volatility, however, are unprecedented in recent times. As the ...
Keith Pilbeam / New Republic   |   Thu, 16 Jun 2016 14:59:57

U.K.'s Immigration Unease Animates 'Brexit' Vote

An immigration surge has fueled U.K. support for leaving the European Union, as seen in one town that's been transformed by new arrivals.
WSJ   |   Thu, 16 Jun 2016 14:59:35

Market Anxiety Rises as Brexit Referendum Enters Final Stretch

The UK referendum on its membership of the European Union is one of, if not the, biggest risk event for the financial markets this year and with only a week to go until the vote, it is impossible to say with any degree of confidence which way it's going to. ...
Craig Erlam / OANDA   |   Thu, 16 Jun 2016 14:56:49

Brexit poses global financial risk, Bank of England warns

The Bank of England warns that uncertainty about the EU referendum is the "largest immediate risk" facing global financial markets.
BBC   |   Thu, 16 Jun 2016 14:53:57

The pound is getting annihilated

Sterling is getting crushed once again on Thursday, as currency traders react to ever increasing odds that the UK will vote to leave the European Union as well as renewed warnings from the Bank of England about the dangers of Brexit. Around 3:45 p.m. BST (10:45 a.m. ET) the pound ...
Will Martin / Business Insider   |   Thu, 16 Jun 2016 14:53:49

Four-Fifths Of Europe-Based Hedge Fund Managers Believe Britain Will Remain In The EU

Four-Fifths Of Europe-Based Hedge Fund Managers Believe Britain Will Remain In The EU by Preqin Firms in the UK and rest of Europe agree over the likely result of the referendum, but show different outlooks on the impact Brexit would [...]
VW Staff / Value Walk   |   Thu, 16 Jun 2016 14:49:49

EU vote campaign halted as anti-Brexit MP attacked

CNN   |   Thu, 16 Jun 2016 14:46:17

BREXIT WATCH: UK Steel hits out at myths peddled by Leavers

June 16 UK Steel has warned Britain against voting to leave the EU, saying Britain is best-placed to prevent cheap Chinese steel imports if it stays in the bloc. The industry association said the EU is by far the largest steel market outside of the UK and it would be ...
Proactive Investors   |   Thu, 16 Jun 2016 14:45:00

Leave or remain: Black Country businessmen argue for and against Brexit

Andrew Cox and Simon Winfield have much in common but disagree on how to vote in the referendum. Here they discuss what Brexit would mean for business Andrew Cox and Simon Winfield run businesses in the Black Country. Both export to the EU and beyond. Both worry about UK skills ...
Katie Allen / Guardian   |   Thu, 16 Jun 2016 14:36:48

A third of UK businesses think Brexit would be bad for economy

Poll finds businesses in London and Scotland most concerned about Brexit, with those in Midlands, northern and eastern England most optimistic A third of businesses in the UK think Brexit would be bad for the economy, according to a poll that also shows company bosses in London and Scotland are ...
Katie Allen / Guardian   |   Thu, 16 Jun 2016 14:34:18

The Problems a Brexit Won't Solve

This article was originally published at Stratfor.com. Editor's Note:The Global Affairs column is curated by Stratfor's editorial board, a diverse group of thinkers whose expertise inspires rigorous and innovative thought in our analyses. Though their opinions are their own, they inform and sometimes even challenge our beliefs. We welcome that ...
Stratfor, Contributor / Forbes   |   Thu, 16 Jun 2016 14:27:00

Bank of England spat with Vote Leave over Brexit comments

The Bank of England governor Mark Carney has clarified comments he made on the upcoming EU referendum. Bank of England says Brexit will...
euronews   |   Thu, 16 Jun 2016 14:23:30

Big brands furious over Brexit 'propaganda'

General Electric, Unilever, Airbus, Toyota and Nissan are furious at British campaigners for using their logos in 'propaganda' to promote a U.K. exit from the European Union.
CNN   |   Thu, 16 Jun 2016 14:23:24

Anger at Immigration Fuels the UK's Brexit Movement

Growing public hostility toward migrants and politicians tighten the British vote on EU membership.
Thomas K. Grose / U.S. News   |   Thu, 16 Jun 2016 14:18:41

What Does It Really Mean For People

While there's been talk about the impact of Brexit on the supposedly Big Important Things such as The City and Big Finance, trade, etc., there's been very little discussion about what it would actually mean for ordinary UK citizens. Nobody really knows. What will those currently residing elsewhere in Europe, ...
Eschaton   |   Thu, 16 Jun 2016 14:16:00

US STOCKS-Wall St treads lower on Fed warning, Brexit vote

*Steady interest rates due partly to Britain's EU vote- Yellen. June 16- Wall Street opened sharply lower on Thursday, a day after the Federal Reserve's warning of a slowdown in economic growth added to concerns about Britain's possible exit from the European Union. Fed Chair Janet Yellen sounded caution that ...
CNBC   |   Thu, 16 Jun 2016 14:03:00

FX: Brexit volatility triggers warnings on stop-loss orders

The potential for next week's EU referendum to trigger a sizeable movement in sterling highlights the need for clients to review their use of stop-loss orders as a risk-management mechanism, amid memories of the SNB debacle.
Euromoney   |   Thu, 16 Jun 2016 14:00:00

Big brands furious after logos used in Brexit 'propaganda'

General Electric, Unilever, Airbus, Toyota and Nissan are furious at British campaigners for using their logos in 'propaganda' to promote a U.K. exit from the European Union.
CNN   |   Thu, 16 Jun 2016 13:59:27

Euro wakes up to Brexit threat

Currency could be caught in the cross hairs if UK leaves EU
FT   |   Thu, 16 Jun 2016 13:52:47

Brexit poses visa threat to EU workers

Study investigates impact of immigration rules if Britain leaves the union
FT   |   Thu, 16 Jun 2016 13:48:41

Global Investors Wake Up to 'Brexit' Threat

While investors once believed that the British would vote to stay in the EU, the week's polls have made them less sure. That has led funds from Peru to Australia scrambling with how to react to a vote that is unprecedented.
WSJ   |   Thu, 16 Jun 2016 13:48:12

UPDATE 3-Brexit darkens cloud hanging over European banks

*Bank of England warns of global spillover. LONDON/ FRANKFURT, June 16- Euro zone bank stocks dipped to near four-year lows on Thursday as worry spread that a British exit from the European Union would worsen their already dim prospects. The share slide underscores the problems that could face all European ...
CNBC   |   Thu, 16 Jun 2016 13:43:00

No reason to change euro zone policies for Brexit- Disjsselbloem

LUXEMBOURG, June 16 (Reuters) - Euro zone finance ministers see no reason to change fiscal or financial stability policies in the single currency bloc before a British referendum on whether to leave...
Reuters   |   Thu, 16 Jun 2016 13:39:26

Brexit risk for Italy as part of EU - Padoan (2)

Brussels, June 16 - Brexit poses a risk to Italy as part of the EU but no risk to Italy in particular, Economy Minister Pier Carlo Padoan said Thursday. "Italy is exposed to the risk as part of the EU which is the area most exposed immediately," he said. The ...
Gazzetta Del Sud   |   Thu, 16 Jun 2016 13:36:00

Brexit Debate Boils Down To Who You Trust For UK Voters - On That Basis Staying In Is Obvious Choice

The facts about the UK's EU referendum can be hard to come by. In part this is because any attempt to warn about the dangers of leaving are greeted with hysteria by Leave campaigners who think that shouting is an acceptable substitute for reasoned argument. It is also because for ...
Mike Scott, Contributor / Forbes   |   Thu, 16 Jun 2016 13:23:00

Bank of Japan Stands Pat

The Bank of Japan left its asset-purchase program and negative interest rate unchanged ahead of the "Brexit" vote next week.
WSJ   |   Thu, 16 Jun 2016 13:11:58

Why do Brexiteers just refuse to accept hard evidence?

First Published: 16/06/2016 They are living in a fantasy world Can anything new be said about the EU referendum debate, especially about the economics? However we carry on, as we must, to try and persuade those undecided or wavering, ... Read more ›
George Magnus   |   Thu, 16 Jun 2016 13:07:34

The World's Ins and Outs

As the UK's debate about whether to withdraw from the EU has heated up, "in" and "out" have come to define the stark choice facing voters in the "Brexit" referendum on June 23. The British are not alone: the world is increasingly divided between the mentalities underpinning support for the ...
Project Syndicate   |   Thu, 16 Jun 2016 12:53:27

Brexit fears reopen euro zone bond market rift in echoes of crisis

LONDON, June 16 (Reuters) - Tension emanating from Britain's Brexit debate has reopened a fault line between the haves and have-nots in the euro zone bond market in an echo of the debt crisis that...
Reuters   |   Thu, 16 Jun 2016 12:45:39

Here's a super-quick guide to what traders are talking about right now (SPY, SPX, DJI, IXIC, IWIM)

Via Dave Lutz at JonesTrading, here's a super-quick guide to what traders are talking about right now: Good Morning! Futures under pressure for a 6th straight day after some bloodletting in Asia as BOJ stands pat and we get hit with our Daily Dose of Brexit Angst. Germany's Ifo warns ...
Money Game   |   Thu, 16 Jun 2016 12:21:00

Thursday Morning Links

MUST READS Wary Fed Rethinks Pace of Hikes - WSJ Dovish Fed tips German 10-year bond yield to record low - Reuters Yellen Says Forces Holding Down Rates May Be Long Lasting - Bloomberg Government bond yields tumble as Brexit retakes spotlight - CNBC Gold just scored a ticket to ...
Tim Iacono   |   Thu, 16 Jun 2016 12:16:04

Yen Surges to Almost Two-Year High as 'Brexit' Storm Approaches

The yen soared to its highest level against the dollar in nearly two years after Japan's central bank left its policy unchanged, the latest sign of how the U.K.'s "Brexit" vote is tying global policy makers' hands.
WSJ   |   Thu, 16 Jun 2016 12:15:38

BoE keeps 'all options open' after Brexit

Bank reassures markets it will take any steps necessary to calm turmoil
FT   |   Thu, 16 Jun 2016 12:13:47

The Brits Battle Over Brexit

D.D. Guttenplan Next week's referendum on whether to leave the EU is an issue that cuts across traditional lines of ideology or party loyalty.
D.D. Guttenplan / The Nation   |   Thu, 16 Jun 2016 12:00:16

Another major organisation just warned that Brexit could devastate the German economy

Another major economic organisation has warned about how Britain leaving the European Union - Brexit - could severely damage the German economy. According to new analysis from the highly respected Ifo Institute for Economic Research, a German research house, the "biggest risk" facing the German economy right now is Brexit, ...
Will Martin / Business Insider   |   Thu, 16 Jun 2016 11:50:51

Futures lower as Fed comments, Brexit vote spook investors

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were lower on Thursday, a day after the Federal Reserve kept interest rates unchanged but warned of slowing economic growth and the repercussions of Britain's possible exit from the European Union. The Fed kept borrowing rates at 0.25 percent-0.30 percent and ...
Business Insider   |   Thu, 16 Jun 2016 11:36:44

Investors Flee Banks in U.K. and Europe, as 'Brexit' Jitters Mount

The beleaguered European banking sector is bracing for another hit to funding costs and profits should Britain decide to exit the European Union in next week's referendum.
WSJ   |   Thu, 16 Jun 2016 11:35:39

'Brexit' Could Harm Global Economy, Says BOE

A vote in favor of leaving the European Union in the U.K.'s referendum on membership next week could adversely affect the global economy, the Bank of England said, in its latest assessment of the potential consequences of a British exit from the 28-member bloc.
WSJ   |   Thu, 16 Jun 2016 11:35:26

Frontrunning: June 16

Global Stocks Fall as Bank of Japan Stands Pat (WSJ) European stocks, oil slide as growth fears add to Brexit pressure (Reuters) Yellen Says Forces Holding Down Rates May Be Long Lasting (BBG) Fed's Yellen acknowledges difficulty of escaping world's low rate grip (Reuters) Oil hits three-week low on weak ...
Zero Hedge   |   Thu, 16 Jun 2016 11:30:56

Citi Rank And Filed Can't Believe Senior Execs Chose "Annual Ferrari Road Trip" Over Brexit Prep

Yes, "Ferrari road trips" are a thing.
Dealbreaker   |   Thu, 16 Jun 2016 11:30:12

Bank of England stays on hold, warns on Brexit

Seeking Alpha / Seeking Alpha   |   Thu, 16 Jun 2016 11:23:25

The Latest: Bank of England worries about Brexit

The minutes to the Bank of England's last policy meeting show the rate-setters are worried about the economic and market repercussions of a British vote to leave the European Union next week
U.S. News   |   Thu, 16 Jun 2016 11:22:12

Survation Brexit poll: leave at 45%, remain at 42%

Latest Survation Brexit poll shows leave at 45%, remain at 42% and 13% undecided.
Ani Salama / FX Street   |   Thu, 16 Jun 2016 11:20:14

In or Out? Don't just shake your portfolio about

What are the economic implications, potential market impact, and consequences for UK pension schemes of Brexit? In my previous post, I discussed the timeline for Brexit, should it happen, and split it into three periods: pre-referendum, post-referendum negotiations and post-negotiations. The purpose of establishing these divisions was to emphasize that ...
RedBlog   |   Thu, 16 Jun 2016 11:19:38

Brexit stunts stand in for thinking

Remain's Budget is fishy, Leave's flotilla is fishier
FT   |   Thu, 16 Jun 2016 11:17:23

Bank of England: economy will be hit hard if Britain leaves EU

Central bank's monetary policy committee's says pound likely to tumble and markets would react erratically to Brexit, as interest rates remain at 0.5% The Bank of England has issued a fresh warning that a vote to leave the EU in next week's referendum risks knocking economic growth, pushing the pound ...
Katie Allen / Guardian   |   Thu, 16 Jun 2016 11:14:57

The seven days of Brexit: how a Leave government could bypass Article 50

Most agree that leaving the EU would entail a negotiating period of at least two years, as set out in Article 50 of the Treaty on European Union. But, argue Frank Vibert and Gunnar Beck, this is not a certainty. If a Brexit vote - combined with a Commons majority ...
Blog Admin / British Politics and Policy at LSE   |   Thu, 16 Jun 2016 11:00:35

Morning News: June 16, 2016

Putin's Reliance on American Commerce Has Never Been Greater Jordan Puts SNB on Alert for Turmoil as Brexit Probability Rises China Dumping More Than Treasuries [...]
Eddy Elfenbein   |   Thu, 16 Jun 2016 10:55:07

Central bankers on standby for Brexit

Swiss National Bank joins chorus of concern from global policymakers over the past few days
FT   |   Thu, 16 Jun 2016 10:49:41

Carney Fires Back in Defense of BOE's Brexit Conduct

Bank of England Governor Mark Carney issued a stern defense of the central bank's conduct during the U.K.'s debate on its place in the EU.
WSJ   |   Thu, 16 Jun 2016 10:48:25

How to trade a Brexit panic

Using Kensho, we screened for the best-performing ETFs on increases in the likelihood of a Brexit.
CNBC   |   Thu, 16 Jun 2016 10:47:00

EMERGING MARKETS-Brexit fears, Fed and BoJ restraint hit emerging markets

By Karin Strohecker LONDON, June 16 (Reuters) - Emerging markets fell on Thursday as caution on the economy from U.S. Federal Reserve and disappointment at a lack of new stimulus from the Bank of...
Reuters   |   Thu, 16 Jun 2016 10:45:26

Brexit concerns

Polls have never been perfect as evidenced by recent UK election forecasts. However, the trend that is developing as the Brexit vote approaches is evidently turning towards the 'Out' vote. And while neither camp is ready to commit themselves, the 'Out' campaign are gaining confidence while the 'In' campaign are ...
Antoine Briffa / Times of Malta   |   Thu, 16 Jun 2016 10:41:00

Leave or Remain in the EU? The arguments for and against Brexit

Ben Riley-Smith / Telegraph   |   Thu, 16 Jun 2016 10:37:02

Beaufort Securities Breakfast Alert: Poundland,Oxford Instruments, Berkley Group and others

"The FTSE-100 is seen opening quite sharply lower once again this morning (down around 65 points), with the markets trying to take all ramifications of a possible Brexit on board. Even the Fed's decision to leave short-term rates unchanged yesterday appears, at least in part, to await the outcome of ...
Proactive Investors   |   Thu, 16 Jun 2016 10:06:00

Pre-Brexit Bet Clarification, by Bryan Caplan

Back in 2008 , I bet: If any current EU member with a population over 10 million people in 2007 officially withdraws from the EU before January 1, 2020, I will pay you $100. Otherwise, you owe me $100. Before the June 23 Brexit referedum happens, I want to clarify ...
EconLog   |   Thu, 16 Jun 2016 04:53:28

EU referendum: Britain 'big enough and strong enough' to survive Brexit but better off staying in, says Theresa May

Laura Hughes / Telegraph   |   Wed, 15 Jun 2016 23:01:00

Brexit, the Aftermath

Source: Bloomberg The post Brexit, the Aftermath appeared first on The Big Picture.
Barry Ritholtz / The Big Picture   |   Wed, 15 Jun 2016 20:00:38

Notes on Brexit

Remain, but with feelings of despair.
Paul Krugman / Paul Krugman - Blog   |   Sun, 12 Jun 2016 17:13:38

My First Foray Into Brexit

Brexithas finally becomethe 'binary outcome' trade of the day. Many Europeans have felt that U.S. markets have been ignoring Brexit as an issue. In some ways that wastrue as the concept of Brexit wasjust a bit too amorphous and distant to command a lot of attention here, especially as we ...
Peter Tchir, Contributor / Forbes   |   Thu, 9 Jun 2016 15:00:00

European Integration With or Without Britain

When British Prime Minister David Cameron agreed with the EU in February on revised membership terms for the UK, he insisted that the EU be recognized officially as a union." The muddled way his demand was fulfilled reflects enduring confusion about how such a union can function.
Kemal Derviş / Project Syndicate   |   Thu, 9 Jun 2016 14:53:29

Paris courts bankers threatened by Brexit

French capital launches campaign to woo City financiers in case Britain votes to leaves the EU
FT   |   Wed, 8 Jun 2016 20:24:35

Brexit threatens UK's role in the world

Why would China listen to us if our sway with Europe, and hence the US, had shrunk? asks John Kerr
FT   |   Wed, 8 Jun 2016 15:07:03

U.K. Triple A rating at risk on Brexit - S&P

Seeking Alpha / Seeking Alpha   |   Wed, 8 Jun 2016 12:17:55

Know-nothing Brexit party

Evidence is such a complicated thing
FT   |   Wed, 8 Jun 2016 11:38:47

Brexit: How long would UK take to leave?

Process could be delayed by Tory leadership contest and EU negotiations
FT   |   Tue, 7 Jun 2016 22:23:59

COLUMN-Fed to move post big vote, and I don't mean Brexit: James Saft

June 7- Americans are likely to know both who their new president is and how their Thanksgiving turkey tastes before they get an interest rate increase. Fed Chair Janet Yellen fully earned her scouting badge for central banking speech-making on Monday, managing to be vague, reassuring and noncommittal in more ...
CNBC   |   Tue, 7 Jun 2016 19:00:00

Economic arguments about Brexit have succumbed to group-think

Roger Bootle / Telegraph   |   Sun, 5 Jun 2016 18:55:29

David Cameron Says Brexit Would Cause Mortgage Increases

David Cameron, the British Prime Minister, is piling on the fear, uncertainty and doubt over the upcoming referendum on whether Britain should leave the European Union. The latest threat is that if Brexit happens, if Britain becomes newly sovereign again, then mortgages will become more expensive. This of course strikes ...
Tim Worstall, Contributor / Forbes   |   Sun, 5 Jun 2016 07:16:00

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

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

Economists overwhelmingly reject Brexit in boost for Cameron

Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy ...
Sonia Sodha, Toby Helm and Phillip Inman / Guardian   |   Sat, 28 May 2016 19:30:13

A Post-Referendum Agenda for Britain

Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Chris Patten / Project Syndicate   |   Thu, 26 May 2016 15:33:30

S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P ...
Will Martin / Business Insider   |   Wed, 25 May 2016 13:31:01

IFS warns Brexit would extend austerity for two more years

Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 23:01:23