Brexit News Archive: 28 Jun 2016

Brexit's Cautionary Tale for Trump Supporters

WASHINGTON -- Here is the real lesson from the stunning Brexit vote: Throwing a tantrum at the polls is not liberating; it is self-defeating. Those tempted to vote for Donald Trump should pay very close attention. Brexit was a big deal, but it is not the end of the world. ...
Real Clear Politics   |   Tue, 28 Jun 2016 02:33:27

Brexit & Japan

Japan got hit hard initially by the risk-off tsunami forced by Brexit. The force of the hit was compounded by the fact that Japan was the first and only major developed market that was open for business when the results [...] The post Brexit & Japan appeared first on ValueWalk ...
WisdomTree / Value Walk   |   Tue, 28 Jun 2016 01:10:08

Japanese stocks return to losses amid Brexit uncertainty

Japanese stocks have trade lower again tracking global losses amid the ongoing Brexit uncertainty.
BBC   |   Tue, 28 Jun 2016 01:07:20

Global stocks extend losses, sterling near 30-year lows in Brexit aftermath

By Lisa Twaronite TOKYO (Reuters) - Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain's shock vote to exit the European Union continued to roil financial markets. MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.3 ...
Business Insider   |   Tue, 28 Jun 2016 01:01:43

Bitcoin is a better bet than pound, euro: Blockchain CEO

With the Brexit hammering global equities and currencies, bitcoin has bucked the trend.
CNBC   |   Tue, 28 Jun 2016 01:01:00

GLOBAL MARKETS-Stocks extend losses, sterling near 30-yr lows in Brexit aftermath

* Investors continue to fear fallout of UK's Brexit vote shock
Reuters   |   Tue, 28 Jun 2016 00:57:42

DealBook: Doesn’t Mean Game Over, but It May Be Just the First Domino

Yes, Britain’s economy is likely to suffer in the near term, but the most dire effects of the country’s split from the E.U. may be felt on the Continent.
ANDREW ROSS SORKIN / NY Times   |   Tue, 28 Jun 2016 00:57:29

Roundup: The art world braces for Brexit, Lucas dumps Chicago museum plan, searching for Vincent Van Gogh

How Brexit may affect artists and the art market. George Lucas abandons plans for a museum in Chicago. Miami models allege that an artist asked them to do intimate things with a rope. Plus: Examining the museum industrial complex, Eero Saarinen's weapons work, the search for a Vincent Van Gogh...
Carolina A. Miranda / LA Times   |   Tue, 28 Jun 2016 00:57:00

Consequences of Brexit for AUD, NZD - ANZ

Daniel Been, Head of FX Research at ANZ , provides his view on what are the ramifications of Brexit for AUD and NZD, noting that the coming weeks will
Ivan Delgado / FX Street   |   Tue, 28 Jun 2016 00:52:13

Nikkei slips on strong Yen and fiscal constraints

Japanese equity suffered losses today as the Japanese Yen strengthened on Brexit led risk-off in the markets and on concerns the government has little
Omkar Godbole / FX Street   |   Tue, 28 Jun 2016 00:41:36

Polls Fail To Call It Right Again

Believing in the accuracy of polls once again, bulls were slaughtered as the BREXIT vote reversed late polling results calling for an exit vs remain. The shock hit stock markets globally quite hard. It must be said in the U.S. at least the declines only wiped out, and then some, ...
ETF Digest   |   Tue, 28 Jun 2016 00:34:11

The First Casualty Of Brexit: Italy Prepares €40 Billion Bank Bailout

Barely has the market had time to digest last week's Brexit vote by the UK, a vote which may never actually be implemented if the "sturm und drang" campaign unleashed by the EU and the ECB on UK capital markets succeeds in changing the mind of enough "Leavers" to the ...
Tyler Durden / Zero Hedge   |   Tue, 28 Jun 2016 00:27:16

Axel Merk: Making Sense Of The Impact Of Brexit

A very sleep-deprived Axel Merk joins us for this special edition podcast. Axel and his team have pulled late nights over the past few days following the Brexit vote results in real-time and the ensuing aftermath. Axel, CEO and founder of the Merk Funds, is originally from Europe and one ...
Peak Prosperity   |   Tue, 28 Jun 2016 00:22:04

Jim Rogers On Brexit: 'Worse Than Any Bear Market You've Seen in Your Lifetime", The Living Will Envy the Dead

He didn't really use the line.* From Yahoo Finance: The EU and euro may not exist in five years, warns legendary investor The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim ...
climateer / Climateer Investing   |   Tue, 28 Jun 2016 00:11:00

Keep calm and diversify, experts advise

Now is not the time to panic, even after the Dow and S&P hit their lowest levels since March, pros warn.
CNBC   |   Tue, 28 Jun 2016 00:09:00

Market Wrap: Markets in Brexit-inspired risk aversion - Westpac

Imre Speizer, FX Strategist at Westpac, summarizes Monday's action, noting that markets remained in the grip of Brexit-inspired risk aversion. Market
Ivan Delgado / FX Street   |   Tue, 28 Jun 2016 00:08:41

Business secretary to hold business summit on Brexit

Business Secretary Sajid Javid will hold a meeting of UK business groups on Tuesday to discuss the fallout from the UK vote to leave the European Union.
BBC   |   Tue, 28 Jun 2016 00:07:43

Brexit shock continues to hit bourses, pound as U.K. is downgraded, industries brace for worse

Britain's vote to leave the European Union sent new shockwaves through financial markets, with the pound falling despite the country's leaders' attempts to ease the political and economic turmoil it has unleashed. Finance minister George Osborne said on Monday the British economy was strong enough to cope with the volatility ...
Japan Times   |   Tue, 28 Jun 2016 00:03:19

Vox Sentences: Justice Breyer declares, "It's a TRAP!"

The Supreme Court strikes down Texas abortion laws; is Brexit inbrexorable?; several stabbings in a melee between white supremacists and counterprotesters. Vox Sentences is written by Dylan Matthews and Dara Lind. TOP NEWS TRAP queens Pete Marovich/Getty Images On its last decision day of the term, the Supreme Court struck ...
Vox   |   Tue, 28 Jun 2016 00:00:02

Sterling still hostage to Brexit fallout, EU summit in focus

Sterling languished near its lowest in more than 30 years early on Tuesday with many investors still wary of calling a bottom.
CNBC   |   Mon, 27 Jun 2016 23:58:00

EU Referendum: What does a falling pound mean for your finances?

With the pound falling to its lowest level in more than 30 years after Brexit, there will be an impact on many people's personal finances
BBC   |   Mon, 27 Jun 2016 23:57:25

Markets lose record $3tn since Brexit vote

Brutal selling in past two trading days comes on rise in volatility and flight to safety
FT   |   Mon, 27 Jun 2016 23:57:15

European Banks Have Their Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies

Over the last two trading days, European banks have lost 23 percent of their value. Let that number sink it for a bit. In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out. I warned you that the Brexit vote ...
Economic Collapse   |   Mon, 27 Jun 2016 23:53:35

The World Next Week: Brexit

In this special edition, CFR's Director of Studies Jim Lindsay, Steven A. Tananbaum Senior Fellow Robert Kahn, and Paul A. Volcker Senior Fellow Sebastian Mallaby examine the implications of the Brexit vote.
James M. Lindsay, Robert Kahn, and Sebastian Mallaby / CFR   |   Mon, 27 Jun 2016 23:49:51

Calm Down! Don't Jump To Conclusions That Brexit Will Thwart The Premier League - Here's Why

No, calm down. Let the dust settle. No one has a clue what Brexit will do to the English Premier League (EPL). A 'Vote Remain' activist urges commuters to vote outside Kings Cross station in central London on June 23, 2016, as Britain holds a referendum on whether to remain ...
Andrew Brennan, Contributor / Forbes   |   Mon, 27 Jun 2016 23:46:00

What to buy now

CNBC's Melissa Lee and "Fast Money" traders Karen Finerman and Brian Kelly discuss their Brexit portfolio plays.
CNBC   |   Mon, 27 Jun 2016 23:45:00

Clinton hits Trump for greedy Brexit response

Hillary Clinton's latest attack ad on Donald Trump accuses him of using the chaos after Britain's vote to leave the EU to push his own business interests.
MSNBC   |   Mon, 27 Jun 2016 23:43:00

The Rise Of Populism

Brexit And The Rise of Populism The 2016 Mid-Year Geopolitical Outlook (Due to the Independence Day holiday, our next edition will be published July 11.) As is our custom, we update our geopolitical outlook for the remainder of the year [...] The post The Rise Of Populism appeared first on ...
Value Walk   |   Mon, 27 Jun 2016 23:42:51

Is NZ less receptive to immigrants than Australia?

Tyler Cowen had an interesting and thoughtful piece on Marginal Revolution yesterday, headed Why Brexit happened and what it means. He summarises his answer as "ultimately the vote was about preserving the English nation" - on this telling, primarily about immigration. And despite his own pro-immigration inclinations, he runs a ...
Croaking Cassandra   |   Mon, 27 Jun 2016 23:42:08

Why Brexit Might Not Happen at All

As I noted on Friday, Britain won't be exiting the E.U. anytime soon . If and when the U.K. government invokes Article 50 of the Lisbon Treaty of 2007, which grants member states the right to leave, there will be at least two years of negotiations about the terms of ...
John Cassidy / New Yorker   |   Mon, 27 Jun 2016 23:37:19

Brexit fails to dampen consumer confidence

The decision by the majority of British voters to leave the European Union has failed to significantly dampen Australian consumer confidence.
SMH   |   Mon, 27 Jun 2016 23:37:14

'Britain is in crisis - Jeremy Corbyn should GO NOW': how newspapers in Britain and around the world reacted to the Labour crisis and Brexit on Tuesday morning

Telegraph Reporters / Telegraph   |   Mon, 27 Jun 2016 23:32:48

Ready for a post-Brexit bounce?

CNBC's Deirdre Bosa looks into which stocks have historically bounced back after big selloffs.
CNBC   |   Mon, 27 Jun 2016 23:30:00

UPDATE 6-Preparing for Brexit, Britain may see new PM by early September

* Media name cabinet's Crabb, Hunt as challengers (Adds finance minister Osborne withdrawing from race)
Reuters   |   Mon, 27 Jun 2016 23:29:38

Brexit means big gains for top utilities stocks

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 23:27:01

Markets expect no Brexit clarity

European leaders begin their summit in Brussels on Tuesday, where the Brexit and how it will be implemented is under discussion.
CNBC   |   Mon, 27 Jun 2016 23:27:00

Trump campaign sees hope in Brexit vote

Populist anger and distrust of the political elite, spurred by economic anxiety, is leading U.S. voters to Donald Trump much like it led UK voters to vote Brexit. Will the anger last to November?
MSNBC   |   Mon, 27 Jun 2016 23:22:55

Jim Rogers: Brexit Blowback "Worse Than Any Bear Market You've Ever Seen"

When it comes to being direct and offering up some truth, one can rest assured that Jim Rogers is a prime candidate to do both. In an interview with Yahoo! Finance, the legendary investor had some candid and quite unnerving things to say about the global market in the aftermath ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 23:15:00

Asia markets to open lower, following US losses

Futures pointed to a lower open for Asian markets, after markets in the U.S. and Europe extended Friday's post-Brexit sell-off.
CNBC   |   Mon, 27 Jun 2016 23:14:00

What Brexit Means for the European Union's Future

Britain's decision to leave the European Union could inspire other disaffected nations to consider a way out unless the bloc responds to anxiety across the... Read More The post What Brexit Means for the European Union's Future appeared first on The Daily Signal .
Josh Siegel / The Foundry   |   Mon, 27 Jun 2016 23:08:45

Cramer: Brexit the dumbest mistake ever

Jim Cramer explained the impact of the Brexit vote, and why he thinks it was a foolish move.
CNBC   |   Mon, 27 Jun 2016 23:05:00

Brexit: Cameron to face EU leaders after vote to leave

David Cameron is to meet European leaders for the first time since the UK voted to leave the European Union, as the European Parliament debates the implications of Brexit.
BBC   |   Mon, 27 Jun 2016 23:02:35

Big investment houses warn of inequality risk after Brexit

Bank of America and Pimco tell clients that gulf between rich and poor could spark further anti-establishment backlash Britain's historic vote to leave the EU has prompted some of the world's most powerful investment houses to turn their focus to inequality. Bank of America and the international investment firm Pimco ...
Katie Allen / Guardian   |   Mon, 27 Jun 2016 23:01:12

Brexit Chaos: Where Britain's Politics Goes Next

Richard V. Reeves: It's no surprise that the Brexiteers don't have a plan for what happens next. Nobody was voting for a government or a policy platform. The referendum was a single vote on a single issue.
Richard V. Reeves / WSJ Washington Wire   |   Mon, 27 Jun 2016 22:56:45

Brexit's $3 trillion market loss

The U.K.'s vote to leave the European Union has been a costly decision in more ways than one.
CNBC   |   Mon, 27 Jun 2016 22:56:00

Economic Fears Rising, Britain Hopes to Stay in E.U. Market

Leaders on both sides of the debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.
STEVEN ERLANGER, STEPHEN CASTLE and SEWELL CHAN / Sewell Chan   |   Mon, 27 Jun 2016 22:53:28

Brexit could affect U.S. banks

Brexit could affect U.S. banks and other financial services companies that have offices in Britain. Over 10,000 jobs in financial services companies can be affected, although it is not yet clear what exactly may happen.
USA Today   |   Mon, 27 Jun 2016 22:49:54

S&P Downgrades United Kingdom To "AA"

It has been expected since Brexit that the credit rating agencies would chop the "AAA" rating of the United Kingdom. That happened today, and S&P cut its UK rating to... 247wallst united kingdom
Douglas A. McIntyre / 24/7 Wall St.   |   Mon, 27 Jun 2016 22:48:50

Aust bonds rally on Britain downgrades

Australian bonds are rallying again after both Standard & Poor's and Fitch slashed their credit ratings of the UK in the wake of the Brexit vote.
SMH   |   Mon, 27 Jun 2016 22:44:04

Post-Brexit attention shifts to U.K.'s trade options

Various possibilities include unilateral decision by London to cut most barriers to imports; Norwegian-style membership in the common market; or imposing tariffs
BARRIE McKENNA / Globe and Mail   |   Mon, 27 Jun 2016 22:36:47

The U.K.'s Credit Rating Was Just Downgraded. How Come Nobody Cares?

It's been a less-than-stellar day for the United Kingdom. Thanks to the Brexit vote, markets seem to be pummeling any company that so much as employs someone with a British accent. The pound kept falling. There was that football match. Meanwhile, both Standard & Poor's and Fitch downgraded the country's ...
Moneybox   |   Mon, 27 Jun 2016 22:35:45

Brexit Is a Powerful Reminder Why Congress Must Fix America's Overregulation Problem

At the heart of the decision by the U.K. to leave the European Union was an evident desire of the British people to restore economic... Read More The post Brexit Is a Powerful Reminder Why Congress Must Fix America's Overregulation Problem appeared first on The Daily Signal .
Anthony B. Kim / The Foundry   |   Mon, 27 Jun 2016 22:32:07

Texas secessionists are cheered: If Britain can leave the European Union, so can we!

It didn't even take an afternoon. As soon as the "Brexit" outcome became clear, it took about ten seconds flat for "Texit" to become a thing. "Our phones are ringing off the hook. Our social media is going nuts. We are definitely riding a wave of momentum. and we plan ...
Hunter / Daily Kos   |   Mon, 27 Jun 2016 22:31:04

A Bridge from Brexit

A few days ago, we woke up to a new world. Britain had voted to leave the European Union. Some were pleased, many were deeply concerned. What is likely is that many will be affected. Some wonder if the EU will survive. It will take months if not years to ...
john a. powell / The Berkeley Blog   |   Mon, 27 Jun 2016 22:27:45

Ex Wells CEO on global recession risk

This is what politicians should do to avoid a global recession after Brexit, former Wells Fargo CEO Dick Kovacevich says.
CNBC   |   Mon, 27 Jun 2016 22:27:00

Now what?

What will Brexit mean to you? Your investments? Your house? Your mortgage? So far, we know this: Stock markets in North American have shed about 6% of their value over two sessions. Sucks, but not a crisis. The losses on Day Two were one quarter of Day One, and those ...
Greater Fool   |   Mon, 27 Jun 2016 22:25:36

Feeling the Brexit bite: These are the Canadian sectors hurt hardest by U.K. vote to leave the EU

The markets are already reacting to this uncertainty, taking a bite out of stocks of companies with big U.K. exposure
Damon van der Linde / Financial Post   |   Mon, 27 Jun 2016 22:24:27

Cramer: Brexit selling worth riding out

Jim Cramer usually tells investors to buy into weakness, but this time around, he is changing his tune.
CNBC   |   Mon, 27 Jun 2016 22:24:00

Where to go Brexit bargain hunting

The "Fast Money" traders spotted some opportunities to buy stocks as markets continued to sell off post-Brexit.
CNBC   |   Mon, 27 Jun 2016 22:21:00

Brexit: UK could hold 2nd referendum - UK Health Secretary

UK Health Secretary Jeremy Hunt said earlier on Monday, via the Telegraph, that the UK could hold a 2nd referendum should the country reach a deal wit
Ivan Delgado / FX Street   |   Mon, 27 Jun 2016 22:18:55

Brexit effect casts pall over estate agents

Foxtons' profit warning stokes investor fears as share prices across the sector are pummelled
FT   |   Mon, 27 Jun 2016 22:18:43

Brexit, Bregret and Bredo?

I reluctantly dive into the topic of the day....Brexit. The morning after the Brexit vote a huge number of people were apparently regretting their vote. A combination of misinformation and misunderstanding appears to have led many people to vote in a manner that they didn't really believe in. Here's some ...
Cullen Roche / Pragmatic Capitalism   |   Mon, 27 Jun 2016 22:17:47

How Brexit Will Impact the Global Economy

Expert Commentary David Beckworth, economist and research fellow at the Mercatus Center, joined Federalist Radio to discuss Britain's exit from the EU and how it will impact the global economy. Dr. Desmond Lachman, resident fellow at the American Enterprise Institute, also explained some of the reasons why the UK voted ...
David Beckworth / Mercatus   |   Mon, 27 Jun 2016 22:15:41

The Media's Disgraceful Brexit Meltdown

Minutes separated the news from the narrative. On Friday morning, at just a hair past midnight, it was reported that the British people had voted to leave the European Union. Less than half an hour later, they were being told by the press that they regretted it. And nowhere was ...
Charles C. W. Cooke / National Review   |   Mon, 27 Jun 2016 22:11:14

Valeant stock hit hard by currency concerns in wake of Brexit

Turmoil in exchange rates could hurt Valeant's sales outside the U.S., decreasing total revenue
Cynthia Koons / Globe and Mail   |   Mon, 27 Jun 2016 22:09:22

UK Independence Party leader: Putin acted 'more statesman-like' about Brexit than Obama

UK Independence Party leader Nigel Farage said Monday that Russian President Vladimir Putin behaved "in a more statesman-like manner" throughout the so-called Brexit referendum campaign than US President Barack Obama. "Ultimately, Vladimir Putin behaved in a more statesman like manner than President Obama did in this referendum campaign," Farage said ...
Oliver Darcy / Money Game   |   Mon, 27 Jun 2016 22:04:48

Gold ETFs See Brexit Bonus As Assets Fly To Safe Havens

As a traditional safe haven, Gold has seen massive sums of money being directed its way in the aftermath of Brexit induced uncertainty in the markets.
Shreya Agarwal, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 22:04:00

Brexit: The Good, The Bad And The Uncertainty

This note outlines some of the challenges and impacts from the UK voting to leave the EU.
Chuck Jones, Contributor / Forbes   |   Mon, 27 Jun 2016 22:02:00

Brexit to Complicate Trans-Atlantic Cooperation

President Barack Obama's efforts in Europe over the next six months are intended to leave whoever wins in November with a plan in place that leaves the U.S. as unscathed as possible.
WSJ   |   Mon, 27 Jun 2016 22:01:02

CHP report on Syrian refugees

There is a widespread conviction that the decision to leave the European Union in the Brexit referendum was the result of a reaction by those fearful of refugees
Hurriyet   |   Mon, 27 Jun 2016 22:01:00

The Riskalyze Report: How Advisors Handled Brexit

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $120 billion and counting that advisors manage ...
Alex Palumbo / Reformed Broker   |   Mon, 27 Jun 2016 22:00:01

How Britain's Left Is Conspiring to Prevent Brexit

According to Downing Street, a second Brexit referendum is "not remotely on the cards." Listening to the British Left, however, you'd think a repeat vote was already a done deal. After all, even though a clear majority of Britons voted to leave the EU last Thursday, liberal elites have rejected ...
Tom Rogan / National Review   |   Mon, 27 Jun 2016 21:59:24

British Airways to Americans: Time to Put Those Strong Greenbacks to Use in London

In the medium term, Brexit might not be great news for tourism in the United Kingdom. More than 60 percent of inbound visitors to the U.K come from the European Union, and various EU initiatives-such as caps on cell phone roaming charges, or the European Health Insurance Card-have made it ...
Henry Grabar / Moneybox   |   Mon, 27 Jun 2016 21:57:24

Soros: Disintegration of EU 'Practically Irreversible'

George Soros, whose positions in gold and other risk-off assets prior to the Brexit vote last week means he is likely among the referendum's biggest winners, has called for a thorough reconstruction of the European Union and noted that Britain's vote to leave makes of the EU practically irreversible." read ...
Steve Lord / FINalternatives   |   Mon, 27 Jun 2016 21:51:37

Brexit won't delay Canada-EU trade deal, minister says

In the aftermath of last week's surprising Brexit vote, the European Union is even more determined to sign a free trade agreement with Canada, International Trade Minister Chrystia Freeland says.
Peter Zimonjic / CBC   |   Mon, 27 Jun 2016 21:50:09

Britain credit rating downgraded as markets suffer more Brexit losses - as it happened

Rating agency S&P says EU referendum result is a 'seminal event' that means Britain no longer deserves a top credit rating Latest: Fitch downgrades UK to AA S&P downgrades UK from AAA to AA FTSE 100 fell by another 156 points today Pound hit a new 31-year low 10.48pm BST ...
now / Guardian   |   Mon, 27 Jun 2016 21:48:46

The Atlantic Daily: Chaos in Britain, Abortion and SCOTUS, Jupiter's Closeup

What We're Following Life After Brexit: Things in the United Kingdom have gone from bad to worse since the country voted to leave the European Union last week. David Cameron said he would resign as prime minister by October. Britain's credit rating was downgraded. The British pound hid a 31-year ...
Tyler Parker / The Atlantic   |   Mon, 27 Jun 2016 21:42:19

Magna shares slump as U.K. expansion comes amid Brexit fallout

Almost exactly one month after the Canadian auto-parts manufacturer announced it would build a 225,000-square-foot aluminum casting facility in Telford, England, Britain voted to leave the European Union
Eric Lam / Globe and Mail   |   Mon, 27 Jun 2016 21:41:10

What are the U.K.'s options for a trade deal with the EU?

The Brexit campaign argued an independent Britain could sign a better trade deal with Europe. Easier said than done. The post What are the U.K.'s options for a trade deal with the EU? appeared first on Macleans.ca .
Chris Sorensen / Macleans   |   Mon, 27 Jun 2016 21:37:38

Quick Takes: More Brexit Fallout

* Apparently British Labour Party MP's are not happy with their leader Jeremy Corbyn. At an extraordinary meeting of the Parliamentary Labour Party in the House of Commons Monday, Jeremy Corbyn fought for his political life. MP after MP lined up to attack the Labour leader and demand his immediate ...
nancyl / Political Animal   |   Mon, 27 Jun 2016 21:37:08

Central banks low on ammo

Financial market turmoil from the U.K. Brexit vote couldn't come at a worse time for the world's major central banks.
CNBC   |   Mon, 27 Jun 2016 21:35:00

Britain's Labour Coup

Brexit's first benefit: A rebellion against Jeremy Corbyn.
WSJ Opinion   |   Mon, 27 Jun 2016 21:33:42

The Brexit Reaction Is The Reason Brexit Happened

Authored by Matt Taibbi, originally posted at RollingStone.com, ...the freedom to make mistakes is itself an essential component of freedom. As a rule, people resent being saved from themselves. And if you think depriving people of their right to make mistakes makes sense, you probably never had respect for their ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 21:30:00

Another Day of Brexit Selling

The markets continued to endure a wave of selling on Monday in the wake of last week's Brexit referendum, as the U.K. deals with political turmoil, leaders on both sides of the Channel try and figure out how best to proceed, and U.K. banks come under particular pressure.
Paul Vigna / MoneyBeat   |   Mon, 27 Jun 2016 21:28:46

Applied Materials: Brexit Won't Stop 3-D NAND, or China, Says Davidson

Shares of chip equipment giant Applied Materials (AMAT) today closed down 94 cents, or 4%, at $22.29, despite a bullish note from D. A. Davidson's Thomas Diffley, who raised his rating on the shares to Buy from Neutral, writing that "several waves of growth" are ahead for the company that ...
Tiernan Ray / Eric Savitz   |   Mon, 27 Jun 2016 21:27:09

$A sinks on weak yuan, Britain downgrade

The Australian dollar is plummeting as the weaker Chinese yuan and the Britain's negative credit rating outlook add to the Brexit uncertainty in markets.
SMH   |   Mon, 27 Jun 2016 21:26:11

Wall Street closes 1.5% down amid continuing Brexit blues

The Brexit effect is still being felt across world markets.... Wall Street being the latest to shudder following Britain's vote to leave the European...
euronews   |   Mon, 27 Jun 2016 21:24:11

GLOBAL MARKETS-Equities sell off for second day, safe-havens up in Brexit aftermath

* Treasuries, gold, dollar index lifted in scramble to safe-haven assets
Reuters   |   Mon, 27 Jun 2016 21:21:49

Monday DeLong Smackdown: Olivier Blanchard on How the Eurozone Can Be Strengthened After Brexit

A high-quality DeLong smackdown! Keep 'em coming, please... **Olivier Blanchard**: [How the Eurozone Can Be Strengthened After "Brexit raises fundamental questions.... Meanwhile, Europe must continue to function... >...In this context that a large number of prominent economists from different European countries, ranging from those who desire more political integration...
J. Bradford DeLong / Grasping Reality   |   Mon, 27 Jun 2016 21:21:39

Brexit Panic progress report

The UK's vote to leave the European Union has sent tremors throughout global financial markets. But keep in mind that the vote was not binding, and nothing has happened so far; it will likely take a year or so for the UK to hammer out new trade agreements, if indeed ...
Scott Grannis / Calafia Beach Pundit   |   Mon, 27 Jun 2016 21:20:00

First They Came for My Commode ...

( Steven Hayward ) If you want to understand why Brexit passed and why more revolts from us peasants are likely ahead, take in this story from The Telegraph today: EU to launch kettle and toaster crackdown after Brexit vote The EU is poised to ban high-powered appliances such as ...
Power Line   |   Mon, 27 Jun 2016 21:18:46

There Are A Lot Of Losers In A Post Brexit World, But Is Putin One Of Them?

"We have a pretty heavy burden of uneasy ties with Great Britain. We hope that in the new realities, an understanding of the need for good relations with our country will prevail," Dmitry Peskov, Russia's Kremlin spokesman, said in response to Britain's vote to leave the EU last week. With ...
Doug Schoen, Contributor / Forbes   |   Mon, 27 Jun 2016 21:17:00

US stocks extend losses as Brexit votes lifts uncertainty

US stocks extended sharp losses into a second session on Monday as economic and political uncertainty coming from the Brexit vote continues to weigh o
Ani Salama / FX Street   |   Mon, 27 Jun 2016 21:16:45

Wild currency ride

CNBC's Sara Eisen reports on the Brexit fallout in the British pound and other global currencies.
CNBC   |   Mon, 27 Jun 2016 21:09:00

Brief from Brussels: EU rocked by Brexit vote

This is the Brief from Brussels, a daily round-up of the top stories from across Europe. In this edition: the EU faces up to its latest crisis as...
euronews   |   Mon, 27 Jun 2016 21:08:47

Brexit Marks M&A Dealmaking Break But Can A Rebound Be Staged?

Even before the monumental Brexit vote last Thursday, the result of which wrought carnage to the markets and sent shockwaves through the deal making fraternity, data for UK-targeted only M&A in the second quarter of 2016 was shown to have plummeted over 50% against the previous quarter. A blip perhaps? ...
Roger Aitken, Contributor / Forbes   |   Mon, 27 Jun 2016 21:08:00

UK Banks Face Moody's Review After Brexit

Banking sources tell Sky News that Moody's is likely to revise its outlook on their ratings in the wake of last week's referendum.
Sky   |   Mon, 27 Jun 2016 21:04:01

New world for stocks?

The "Fast Money" traders dissect the day's trading action, including Brexit fears leading markets into a sell-off.
CNBC   |   Mon, 27 Jun 2016 21:01:00

Analysts bullish on Thai stocks

After the Brexit vote sent shockwaves through the financial markets on Friday, capital inflows to Thailand and other emerging markets are expected in the long run as the likelihood of further monetary easing increases in advanced economies.
Bangkok Post   |   Mon, 27 Jun 2016 21:00:00

Economic Fears Rising, Britain Hopes to Stay in E.U. Market

Leaders on both sides of the debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.
STEVEN ERLANGER, STEPHEN CASTLE and SEWELL CHAN / NY Times   |   Mon, 27 Jun 2016 20:59:45

Brexit, Competition, and Economic Welfare

A key issue raised by the United Kingdom's (UK) withdrawal from the European Union (EU) - popularly referred to as Brexit - is its implications for competition and economic welfare. The competition issue is rather complex. Various potentially significant UK competition policy reforms flowing from Brexit that immediately suggest themselves ...
Alden Abbott / Truth on the Market   |   Mon, 27 Jun 2016 20:57:45

Short-term pain for banks, analyst says

These are the issues facing U.S. banks after the Brexit vote, CLSA's Mike Mayo says. However, there is good news.
CNBC   |   Mon, 27 Jun 2016 20:57:00

Gold Daily and Silver Weekly Charts - Wizard of Finance

The Brexit continues playing out. The professional elite are, for the most part, talking around the matter, and whistling past the graveyard of their own long coming and well deserved demise. What has been called 'the placebo syndrome' of mindless pursuit of power and goods. I think if you look ...
Jesse's Café Américain   |   Mon, 27 Jun 2016 20:50:00

Make Your Stand: Dow Tumbles 270 Points as Brexit Selloff Continues. But, Hey, It Could Have Been Worst.

Stocks continued to fall today as markets wrestled with a post-Brexit world . The S&P 500 , however, managed to close above 2,000, making a last stand that would have made Jon Snow proud. The S&P 500 fell 1.8% to 2,000.54 today, while the Dow Jones Industrial Average dropped 270.51 ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 20:47:14

Hitting the Brexit trifecta

As I pointed out yesterday (see Brexit: LTCM or Lehman?), my Trifecta Bottom Spotting Model, which has shown an uncanny record of spotting short-term market bottoms. This model flashed an "exacta" buy signal as of Friday's close and it has now flashed a signal based on Monday's close.The model is ...
Cam Hui / Humble Student of the Markets   |   Mon, 27 Jun 2016 20:45:00

Did Brexit Kill The Oil Price Rally?

Oil prices fell again on Monday after last week's rout following the Brexit vote, deepening the losses and killing off a multi-month oil price rally. There is quite a bit of debate around how lasting the negative effects of the Brexit result will be for crude oil. On the one ...
Nick Cunningham / Oil Price   |   Mon, 27 Jun 2016 20:43:47

Invesco's Stock Is 'Likely Dead Money' Even After Massive Post-Brexit Tumble

Late week, William Katz, an analyst at Citigroup, noted that Brexit is likely bad news for asset managers with a sizeable presence in the U.K., including Invesco (IVZ). On Monday, Katz went full downgrade, cutting his rating on Invesco to "neutral" from "buy." The stock fell more than 9% on ...
Chris Dieterich / Focus on Funds   |   Mon, 27 Jun 2016 20:43:17

British took their minds off #BREXIT by "frantically googling" Game of Thrones

How reliable are the recent media by venerable journalistic institutions like the Washington Post and Time-that voters in the United Kingdom were "frantically googling what the European Union is" after the election? The answer depends on your tolerance for explanations that require an understanding of basic math. Sure, searches about ...
Elise Ackerman, Contributor / Forbes   |   Mon, 27 Jun 2016 20:43:00

Brexit threatens Wall Street bonuses

In early 2014, Morgan Stanley awarded about $1.4 billion worth of shares to employees on the condition that they couldn't sell them until early 2017. No doubt the firm's bankers and traders... To view the full story, click the title link.
Aaron Elstein / Crain's NY   |   Mon, 27 Jun 2016 20:41:00

"Death To All Zombies!"

Submitted by Howard Kunstler via Kunstler.com, Wait a minute. They're already dead. Brexit just reveals that not everybody's brains have been eaten. A viral contagion now threatens the zombified institutions of daily life, especially the workings of politics and finance. Just as zombies exist only in the collective imagination, so ...
Zero Hedge   |   Mon, 27 Jun 2016 20:40:00

How Brexit Just Cost Billions in Warren Buffett and Berkshire Hathaway Values

Warren Buffett is deemed by many investors and market watchers to be the greatest investor of the modern era. Some may not agree at all, but Berkshire Hathaway Inc. (NYSE: BRK-A) is not by accident... AXP BAC BRK-A DOW IBM KO PSX WFC Administrator Warren Buffett square
Jon C. Ogg / 24/7 Wall St.   |   Mon, 27 Jun 2016 20:38:18

Kerry attempts to soothe 'Brexit' fears in Europe

America's top diplomat sought to soothe fears Monday on both sides of the Atlantic as aftershocks of Great Britain's vote to withdraw from the European Union, the world's largest trading bloc, continued to rattle markets and governments. "The interests and the values which have united us for such...
Tracy Wilkinson / LA Times   |   Mon, 27 Jun 2016 20:36:00

Europe after Brexit: Never waste a good crisis

Data shows that white, poor, elderly, uneducated men from rural England pulled the United Kingdom outside the European Union. Great Britain will be on its own as it will have to navigate an increasingly complex and globalized world. Europeans must wish all the very best to their British friends. At ...
Brookings   |   Mon, 27 Jun 2016 20:35:00

Lyxor: Hedge Funds Resilient Before Game-Changing Brexit Vote

Hedge funds fared decently well leading up to the Brexit whipsaw late last week, according to the latest edition of Lyxor Asset Management's Weekly Brief, but the picture has markedly changed since the British referendum. read more
Steve Lord / FINalternatives   |   Mon, 27 Jun 2016 20:34:24

Amazon's AWS Grows Fast in Gov't, Says Pac Crest; 'Aurora' Shines

Despite all the Brexit hand-wringing today, and a second day of massive selling of stocks, Amazon.com (AMZN) did alright, closing down better than average, falling $7.60, only 1%, to close at $691.36. Perhaps the shares were helped by an upbeat note published by Pacific Crest 's Brent Bracelin , who ...
Eric Savitz   |   Mon, 27 Jun 2016 20:33:32

CANADA FX DEBT-C$ weakens to 3-week low as Brexit shockwaves weigh

(Adds analyst quote, updates prices) * Canadian dollar ends at C$1.3073, or 76.49 U.S. cents * Bond prices much higher across the maturity curve By Fergal Smith TORONTO, June 27...
Reuters   |   Mon, 27 Jun 2016 20:32:27

On Brexit, the 2016 Euro Championship, and Trump

Sometimes, everything seems connected. While the U.K. has been debating its eventual departure from the European Union, twenty-four European nations have been competing against one another in a major soccer tournament in France. Two weeks ago, what English soccer players were doing in Europe seemed more momentous to most people ...
New Yorker   |   Mon, 27 Jun 2016 20:31:38

'Brexit' fallout: On financial services, Britain snatched defeat from the jaws of victory

Just over a year ago, British financial traders were celebrating a landmark court victory over their European rivals. The Luxembourg-based General Court had overturned a demand by the European Central Bank that clearing of trades in euro-denominated assets take place only in countries that use...
Michael Hiltzik / LA Times   |   Mon, 27 Jun 2016 20:31:00

$1.3T in U.S. wealth shredded since 'Brexit'

Brexit isn't just a European problem after all. The U.K.'s decision is costing U.S. investors a pretty penny.
USA Today   |   Mon, 27 Jun 2016 20:30:33

Supreme Court Rules on Abortion, Resignations over Brexit Vote, Clinton and Warren Team Up: P.M. Links

The Supreme Court today struck down abortion restrictions in Texas that required abortion clinics to have the same medical standards as surgical centers. The court also ruled that a misdemeanor domestic violence conviction could be used to ban firearm possession. And finally, the Supreme Court unanimously threw out former Virginia ...
Hit & Run   |   Mon, 27 Jun 2016 20:30:00

'This Is Going To Be Bad': Economist Reacts To Brexit Vote

In the campaign leading up to the Brexit vote, economist Tim Harford played the role of independent fact checker. Now that it has passed, he's letting out some strong feelings.
Jacob Goldstein / NPR   |   Mon, 27 Jun 2016 20:28:21

US stock markets sink again following Brexit vote

Major markets see biggest two-day fall in 10 months, but Moody's analyst says referendum result may not cause real damage to US economy US stock markets were rocked again on Monday by the aftershocks of the UK's referendum decision to quit the European Union. Since the results became known on ...
Sam Thielman in New York / Guardian   |   Mon, 27 Jun 2016 20:26:43

Brexit Risk-Off Event Sends Emerging Market ETFs Reeling

As investors shied away from riskier assets in the wake of the Brexit results, emerging market exchange traded funds were pummeled, dipping below their long-term trend lines. The iShares MSCI Emerging Markets ETF (NYSEArca: EEM) fell 1.4% Monday and was trading below its 200-day simple moving average while the Vanguard ...
Max Chen / ETF Trends   |   Mon, 27 Jun 2016 20:26:26

UK currency slide threatens global growth

The Brexit vote may put the brakes on what little forward momentum was left for British economic growth.
CNBC   |   Mon, 27 Jun 2016 20:24:00

Behind the Brexit Crisis: Rage Against the Global Financial Machine

REUTERS/Kevin Coombs Anthony MirhaydariJune 27, 2016 The damage from last week's surprising Brexit vote is continuing this week, with U.S. equities down again sharply on Monday. Key technical support levels have already been violated or are under threat. The Dow Jones Industrial Average has traded below its 200-day moving average ...
arader / Fiscal Times   |   Mon, 27 Jun 2016 20:23:32

Fitch cuts UK credit rating by one notch to AA after Brexit vote

LONDON, June 27 (Reuters) - Fitch Ratings cut Britain's credit rating on Monday and warned more downgrades could follow, joining Standard & Poor's in judging that last week's vote to leave the...
Reuters   |   Mon, 27 Jun 2016 20:22:01

Brexit Battle: The EU Didn't Keep the Peace in Europe -- America Did

Reading and watching all the hand-wringing over Brexit, one would think that the EU is responsible for all that's good in the world. The EU brings unicorns, pots of gold, and -- of course -- blissful peace. No rational nation would want to leave the EU. It would be like ...
David French / National Review   |   Mon, 27 Jun 2016 20:21:22

Pound's drubbing chops Wimbledon prize

Britain's vote to leave the European Union has hit the tennis lawns, too.
CNBC   |   Mon, 27 Jun 2016 20:21:00

UPDATE 2-ECB's Draghi expresses sadness at Brexit vote as markets plunge

SINTRA, Portugal, June 27- European Central Bank President Mario Draghi expressed "sadness" on Monday at Britain's vote to leave the European Union, which has roiled global markets and raised questions about the future of the EU. Draghi, who was opening the ECB's annual forum on central banking in Sintra, Portugal, ...
CNBC   |   Mon, 27 Jun 2016 20:20:00

Brexit Could Actually Help Priceline more than Hurt, Says Jefferies

Among today's various notes on the impact of Britain's vote last Thursday to quite the E.U. was one from Jefferies & Co .'s analysts Brian Pitz and Brian Fitzgerald regarding the impact on software and Internet names such as Priceline ( PCLN ), Alphabet ( GOOGL ) and Criteo SA ...
Tiernan Ray / Eric Savitz   |   Mon, 27 Jun 2016 20:13:52

How Brexit Could End Up Producing One of the Strongly Socialist Governments in the Industrialized World

A new leadership battle in Labor could put Jeremy Corbyn in control of the party -- and the country. British Prime Minister David Cameron has announced his resignation. Labour leader Jeremy Corbyn is facing a coup within his own party as more than a dozen members of his shadow cabinet ...
Amy Goodman, Democracy Now! / AlterNet   |   Mon, 27 Jun 2016 20:13:00

Don't Believe The Brexit Prophecies Of Economic Doom

Don't Believe The Brexit Prophecies Of Economic Doom by Isaac Tabner, Foundation For Economic Education The shock and horror at the Brexit vote has been loud and vociferous. Some seem to be revelling in the uncertainty that the referendum result [...] The post Don't Believe The Brexit Prophecies Of Economic ...
Guest Post / Value Walk   |   Mon, 27 Jun 2016 20:08:43

UPDATE - Ratings agencies rip into UK's credit score after Brexit vote

(Reuters) - Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.
IFR   |   Mon, 27 Jun 2016 20:08:00

U.S. central clearinghouses ride out volatility following Brexit

WASHINGTON, June 27 (Reuters) - The news that Britain had voted to leave the European Union on Friday may have been unexpected, but it did not catch U.S. swaps clearinghouses off guard, members of...
Reuters   |   Mon, 27 Jun 2016 20:07:56

Bonds & Bullion Bid But Brexit Blowback Batters Banks

"You silly sod, you got us all worked up over a little [Brexit].... European bank stocks were a But US Financials were not immune, catching down to Treasuries' reality... US Financials are down the most since Summer 2011's US Downgrade... Citi, BofA, and MS all spanked with GS outperforming JPM... ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 20:04:11

The 4 Stocks That Sank the DJIA Monday

June 27, 2016: Markets opened down again Monday after a full weekend of fretting about the Brexit vote. Again a stronger dollar has weighed heavily on the basic materials and energy sectors, but... AXP DD JPM MSFT 247paul market crash
24/7 Wall St.   |   Mon, 27 Jun 2016 20:01:21

No Immediate Brexit Hit To ILS Market, But Structural Issues To Consider

Seeking Alpha   |   Mon, 27 Jun 2016 20:00:56

Business Leaders Have Abandoned the Middle Class

Politicians aren't the only ones to blame for Brexit.
HBR   |   Mon, 27 Jun 2016 19:59:55

In Europe's First Post-Brexit Test, Spain Chooses Stability Rather Than Growth

Spaniards avoided Chavismo and voted for stability in Europe's first post-Brexit elections. But the Eurozone's fourth largest economy needed growth and free-market reform, not stasis.
Mike Gonzalez, Contributor / Forbes   |   Mon, 27 Jun 2016 19:59:00

How Brexit impacted Spain's election

With markets in free fall after Britain's vote to leave the European Union, Spanish voters turned away from anti-establishment parties Sunday and endorsed the perceived safety and security of ruling conservatives. Europe has been watching Spain to see how anger at the status quo might play out...
Lauren Frayer / LA Times   |   Mon, 27 Jun 2016 19:56:00

What Does Brexit Mean For America's Economy?

Last Thursday, British voters chose to leave the European Union, 52 percent to 48 percent. The vote will have significant political implications in the U.K. and may tilt... Read More The post What Does Brexit Mean For America's Economy? appeared first on The Daily Signal .
Salim Furth / The Foundry   |   Mon, 27 Jun 2016 19:55:59

U.S. yields sink on Brexit fears

* S&P strips U.K.'s AAA rating after Brexit vote * U.S. 10-year yield posts biggest 2-day drop since 2011 * U.S. 30-year yield hovers near 17-month lows * Stronger dollar raises...
Reuters   |   Mon, 27 Jun 2016 19:55:41

How to protect your 401(k) after Brexit

Brexit allows investors to take advantage of low stock prices, Ric Edelman said.
CNBC   |   Mon, 27 Jun 2016 19:55:00

Brexit: Is It the Beginning of the End for the EU?

The Brexit vote hammers markets around the globe, and encourages other populist parties in Europe.
Barrons   |   Mon, 27 Jun 2016 19:54:58

U.K. Economy Will Suffer Due to Brexit Vote

Consumer spending and foreign investment may fall, but British bank stocks may be worth a look.
Barrons   |   Mon, 27 Jun 2016 19:54:56

Banks' Brexit Challenge

Banks finally seemed ready to pull out of their slump until the U.K. voted to pull out of the European Union. The Federal Reserve's stress tests indicate banks are in great shape, but that doesn't mean their shares are appealing.
Barrons   |   Mon, 27 Jun 2016 19:54:54

Brexit Has Nothing to Do with Donald Trump

This may come as some surprise, but not everything that happens in the world is about Donald Trump. Not everything is even about America.Sure, the hot takes are easy to write: Trump wants to limit immigration; Brexit supporters were concerned about immigration. The elites didn't like Brexit; the elites don't ...
National Review   |   Mon, 27 Jun 2016 19:53:30

Brexit Selloff Highlights Strength of U.S. Market

U.S. companies depend on domestic customers, which helps to insulate them from problems abroad.
Barrons   |   Mon, 27 Jun 2016 19:53:01

MONEY MARKETS-Dollar funding costs elevated in Brexit fallout

NEW YORK, June 27 (Reuters) - Borrowing costs in the U.S. money market held at elevated levels on Monday due to anxiety about repercussions on the global financial system from Britain's stunning vote...
Reuters   |   Mon, 27 Jun 2016 19:47:09

Fiery exchange on post-Brexit world

Christiane Amanpour asks British MEP Daniel Hannan if the "Leave" campaign has a Brexit plan following the EU referendum vote.
CNN   |   Mon, 27 Jun 2016 19:45:16

Brexit Vote Was No Surprise But the Populist Paradigm Is Worrying

It's not the U.K.'s vote to leave that's surprising, but the populist frustrations it has awakened.
Jamie Stiehm / U.S. News   |   Mon, 27 Jun 2016 19:45:00

Economic Panic Rising, Britain Hopes to Stay in E.U. Market

Leaders on both sides of the debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.
STEPHEN CASTLE and SEWELL CHAN / Sewell Chan   |   Mon, 27 Jun 2016 19:43:29

Wait for Hope to Die Before a 'Brexit' Buy

A quick compromise on the U.K. exit from the EU would make sense for both sides. There is just one problem: politics, writes James Mackintosh.
WSJ   |   Mon, 27 Jun 2016 19:43:25

A Trivially Overlooked Brexit Scenario and Its Potential Aftermath in Early 2016

Although in early 2016 very few economists and analysts would bet their farms on a likely Brexit scenario, its serious systemic consequences and insightful potential root causes were clearly detailed and explained in the following article which still remains highly relevant in the current global economic outlook. Figuring out these ...
Ivo Pezzuto / EconoMonitor   |   Mon, 27 Jun 2016 19:42:38

Hedge Funds Bought European Shares in Run-Up to Brexit

While some hedge funds have profited from the pain crippling global markets since Britons voted to exit the European Union, more funds may be facing potentially heavy losses.
Gregory Zuckerman / MoneyBeat   |   Mon, 27 Jun 2016 19:42:11

Goldman: U.K. to enter recession next year thanks to Brexit

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 19:42:05

Expect More Violence in the Post-Brexit UK

Well, that really was a close one. On June 23, over 51% of voting citizens shockingly opted for the UK to leave the EU.
Dr. Maha Hosain Aziz / NY Observer   |   Mon, 27 Jun 2016 19:41:43

HSBC: Brexit And Dividends

Seeking Alpha   |   Mon, 27 Jun 2016 19:39:25

Kremlin: Brexit Is Like Soviet Breakup

The last leader of the Soviet Union, Mikhail Gorbachev, previously said: The most puzzling development in politics during the last decade is the apparent determination of Western European leaders to re-create the Soviet Union in Western Europe. And in the wake of Brexit, today's Kremlin said much the same thing: ...
George Washington / Zero Hedge   |   Mon, 27 Jun 2016 19:38:12

Elitists Rage at Pro-Brexit Masses: New at Reason

Hell hath no fury like an establishment spurned. If you didn't know this already, you certainly know it now, following the British people's vote for a "Brexit." A whopping 17.5 million of us voted last week to cut the U.K.'s ties with the European Union (E.U.), against 16 million who ...
Reason Staff / Hit & Run   |   Mon, 27 Jun 2016 19:35:00

Most Hedge Funds Avoided The Worst Brexit Pain; Learning From Past Mistakes?

Hedge funds edged lower in May after a rocky start to the year , and while some might expect them to take a big hit in June after Brexit, the industry was actually relatively insulated from the turmoil , new reports suggest. Plenty of the sector's luminaries warned that a ...
Teresa Rivas / Focus on Funds   |   Mon, 27 Jun 2016 19:34:53

Campaign around fear led to Brexit

Marketing experts say Brexit campaigned to mainstream fears instead of intellectual reason.
CNBC   |   Mon, 27 Jun 2016 19:34:00

Londoners lost some sleep over Brexit

Technology company Jawbone confirmes: Londoners lost some sleep the night they voted to leave the European Union.
CNBC   |   Mon, 27 Jun 2016 19:33:00

Dow slammed again on 'Brexit Blues,' drops 300 points

Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.
USA Today   |   Mon, 27 Jun 2016 19:27:55

Stock-Market Winners and Losers After 'Brexit' Vote

Even as London's banking and airline stocks have been hard-hit in recent days, consumer-goods and pharmaceutical stocks have proven resilient.
WSJ   |   Mon, 27 Jun 2016 19:27:45

How tech investors should think about Brexit

The normal Wall Street may not be enough for technology investors in the long term.
CNBC   |   Mon, 27 Jun 2016 19:26:00

A Fresh Look at Globalization

By David Lipton There were a lot of dramatic headlines over the weekend suggesting that Brexit signals the beginning of the end of globalization. Surely, it is too soon to understand all the ramifications of the British referendum. But at the same time, today is surely a good day to ...
iMFdirect   |   Mon, 27 Jun 2016 19:23:37

Greenspan Warns A Crisis Is Imminent, As He Urges A Return To The Gold Standard

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen. "This is the worst period, I recall since I've been in public service. There's nothing like it, including ...
Zero Hedge   |   Mon, 27 Jun 2016 19:22:58

Why Brexit is Bad For Buffett, Berkshire Hathaway

In a note released on Friday, KBW's Meyer Shields and Christopher Campbell try to estimate the damage that the Brexit selloff has done to the book value of Warren Buffett's Berkshire Hathaway ( BRK.A ):
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 19:21:46

Brexit has caused the Labour Party to descend into total omnishambles

Britain's main opposition party, Labour, should stand to benefit from the fact that their rivals, the Conservatives, are in total turmoil following last Thursday's vote to leave the European Union. Prime Minister David Cameron lost the Brexit referendum and announced his resignation. There's a contentious leadership contest pitting populist Boris ...
Dylan Matthews / Vox   |   Mon, 27 Jun 2016 19:20:03

EU will likely unite to avoid catching the UK's Brexit fever

EU leaders aren't likely to follow the UK's lead and jump ship, says this former UK ambassador to the EU. But will Brexit fever hit the US with a President Trump?
CNBC   |   Mon, 27 Jun 2016 19:19:00

Deja Vu: The UK's Brexit Decision May Trigger A Replay Of The 1931-1932 Global Devaluations

Seeking Alpha   |   Mon, 27 Jun 2016 19:13:47

Trump and UK's Leave campaign are peas in a pod

Like the Brexiteers, the presidential nominee says things often disproven by facts. He makes promises without plans to enact them. When these prove unworkable, there's regret and backtracking. By invoking NATO's future, the stakes may be as high or higher for a Trump victory.
Breakingviews   |   Mon, 27 Jun 2016 19:11:00

Morgan Stanley Says Most Hedge Funds Hurt By Brexit Crash

Hedge funds hurt Friday, as the stock sell-off hit them harder on a relative basis yet again, a Morgan Stanley research piece concludes. Separate research shows the biggest hedge fund winners - systematic CTAs - benefited largely from trend extension. [...] The post Morgan Stanley Says Most Hedge Funds Hurt ...
Mark Melin / Value Walk   |   Mon, 27 Jun 2016 19:10:42

Brexit: Norway-style deal with EU would help UK avoid damaging recession, says Morgan Stanley

Szu Ping Chan / Ambrose Evans-Pritchard   |   Mon, 27 Jun 2016 19:09:54

Brexit decision is 'irreversible', says German finance minister

The British vote to leave the European Union is irreversible and London should file its official application to leave the bloc soon, German Finance Minister Wolfgang Schaeuble has said. "I don't think the British decision to leave the EU is reversible," Schaeuble said in a speech in the southern German ...
Reuters / Times of Malta   |   Mon, 27 Jun 2016 19:06:00

Dollar General: The Solution to Brexit Damage to Your Portfolio

What do you do when Brexit takes a hatchet to your portfolio? Well you adjust your habits of course. With less disposable cash you start [...]
Greg Harmon / Gregory Harmon   |   Mon, 27 Jun 2016 19:02:30

Blame Brexit: The U.K. No Longer Has A Perfect Credit Rating

They aren't alone -- the U.S. also lost its triple A rating in the aftermath of the financial crisis.
Lauren Gensler, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 19:01:00

BARCLAYS: Stay away from the stock market

As with any downward shock for the stock market, the fall in stocks after Brexit has inspired calls of the old mantra "buy the dip." Essentially, the idea is that short-term weakness related to outside shocks makes for good buying opportunities since strong companies get hit alongside companies that are ...
Money Game   |   Mon, 27 Jun 2016 19:00:38

The End of the "End of History"?

( Steven Hayward ) On Friday morning I happened to have breakfast in the Bay Area with a center-left writer of some prominence who was once a conservative, who, surveying the wreckage of the Brexit vote alongside the decay of liberalism under Hillary and Bernie, sighed that "I'll probably end ...
Power Line   |   Mon, 27 Jun 2016 18:59:14

Hedge funds profiting in market plunge

Bullish positions in gold and volatility and short bets on China were some of the trades that benefited hedge funds.
CNBC   |   Mon, 27 Jun 2016 18:59:00

Jim Rogers: Brexit to set off worst bear market

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 18:56:24

Netflix, Google Among Compelling Brexit Buy Opportunities

The Brexit carnage continued on Monday with the S&P 500 diving below 2,000 in the biggest crash in nearly a year. Internet stocks such as Netflix, Google, Priceline and Expedia were hit especially hard. However, some analysts believe all the [...] The post Netflix, Google Among Compelling Brexit Buy Opportunities ...
Michelle Jones / Value Walk   |   Mon, 27 Jun 2016 18:56:17

A multi-billion dollar hedge fund that was split by Brexit profited from it

A hedge fund where the two founders were split on Brexit profited from the UK's decision to leave the European Union. A hedge fund run by UK-based Marshall Wace gained 0.5% on Friday, according to a person familiar with the matter. The Marshall Wace Global Opportunities Fund is up about ...
Rachael Levy / Business Insider   |   Mon, 27 Jun 2016 18:55:34

USD/CAD Loonie Extends Losses as Brexit and Lower Oil Prices Put Downward Pressure

The Canadian dollar is trading lower versus the USD on the first trading session of the week. The volatility felt in the markets since the exit polls started pointing to a Leave win on the EU UK referendum continues as three out of the three main attractions to the European ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 18:53:27

John Kerry: US-UK special relationship 'unbreakable' despite Brexit

Press Association / Telegraph   |   Mon, 27 Jun 2016 18:49:10

The new divide in the Western world

The divide over the Brexit vote is rooted in the central reality of our times -- a world being reshaped by globalization and technology, writes Fareed Zakaria.
CNN   |   Mon, 27 Jun 2016 18:48:33

Sterling hits 31-year low on Brexit vote aftermath, euro slides

Sterling fell to a 31-year low against the dollar as a sell-off stemming from Britain's decision to quit the EU gathered pace.
CNBC   |   Mon, 27 Jun 2016 18:48:00

Economic Trends: Is Locking In the Forces That Already Haunt the Global Economy

Those forces have self-reinforcing, vicious-cycle dimensions that make it a perilous time for the world’s economies.
DealBook   |   Mon, 27 Jun 2016 18:47:02

The 4 Big Takeaways of Brexit That the Media and Pundits Missed

Most outlets just didn't draw the big conclusions. What was the narrow British vote to leave the European Union really about? In recent days, you have read commentaries with variations on the following themes, ad nauseam. All of them contain pieces of the truth, but all miss the basic point: ...
Robert Kuttner, Huffington Post / AlterNet   |   Mon, 27 Jun 2016 18:46:00

Fed Once Again Overtaken By Events

With global financial markets reeling in the wake of Brexit - Britain's unforced error as a political gamble went too far - the Fed is back on the sidelines. A July hike was already out of the question before Brexit, while September was never more than tenuous, depending on the ...
Tim Duy / Fed Watch   |   Mon, 27 Jun 2016 18:45:31

Greenspan: Brexit a 'Terrible Mistake' Fueled by 'Desperate Population'

Former Federal Reserve Chair Alan Greenspan said he also sees desperation in American voters and throughout the developed world.
Andrew Soergel / U.S. News   |   Mon, 27 Jun 2016 18:45:00

$1.2T in U.S. wealth shredded since 'Brexit'

Brexit isn't just a European problem after all. The U.K.'s decision is costing U.S. investors a pretty penny.
USA Today   |   Mon, 27 Jun 2016 18:44:00

Carnival: After Brexit, Who'd Believe Them Anyway?

With cruise lines getting killed following the Brexit vote, Susquehanna's Rachael Rothman and Elena Shen don't see Carnival ( CCL ) taking any chances with its guidance when it reports earnings tomorrow . They explain why:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 18:43:16

Terranova cuts risk after Brexit

"Halftime Report" trader Joe Terranova cuts risk in his CNBC PRO model portfolio after he wrongly went all in before the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 18:41:00

Goldman Retreats Again on Treasurys

Another bond bears is retreating as Brexit provided the latest catalyst for the roaring U.S. government debt market.
MoneyBeat   |   Mon, 27 Jun 2016 18:40:42

Brexit: EU leaders are refusing to give Britain an easy way out

In last week's Brexit vote, Britain voted to leave the European Union. But that result doesn't take effect automatically. Britain's government has to invoke Article 50, the provision of a key EU treaty that governs a country's exit from the EU. And British leaders - including outgoing Prime Minister David ...
Timothy B. Lee / Vox   |   Mon, 27 Jun 2016 18:40:03

12 Treasury Bond ETFs with Thrust as Brexit Uncertainty Extends

U.S. Treasury bond exchange traded funds maintained their momentum Monday, with yields on benchmark 10-year notes nearing record lows, as investors continued to jump into safe-haven assets following the United Kingdom's vote to leave the European Union. The PIMCO 25+ Year Zero Coupon US Treasury (NYSEArca: ZROZ) was among the ...
Max Chen / ETF Trends   |   Mon, 27 Jun 2016 18:38:46

MORGAN STANLEY: Buy these stocks post-Brexit

According to a new note from Morgan Stanley, certain big American companies are likely to see their stock prices perform well in the wake of the surprise EU referendum result in which the United Kingdom voted to leave the European Union. Morgan Stanley recommends these stocks either because they're unlikely ...
Chloe Pfeiffer / Business Insider   |   Mon, 27 Jun 2016 18:38:14

UPDATE 1-Mexico cenbank seen hiking rates after peso slumps on Brexit

MEXICO CITY, June 27- Mexico's central bank is expected to raise its key lending rate on Thursday after Britain's decision to leave the European Union deepened a slump in the peso, analysts polled by Reuters said. The median expectation of the 21 analysts surveyed was for the Banco de Mexico ...
CNBC   |   Mon, 27 Jun 2016 18:38:00

Italy seeks help for banks after Brexit

Rome weighs measures to prop up struggling banking sector
FT   |   Mon, 27 Jun 2016 18:37:49

Push to bid adieu to English as lingua franca

Under Brexit, language of Shakespeare would be official tongue of only Ireland and Malta
FT   |   Mon, 27 Jun 2016 18:37:38

Brexit a Boon to SaaS Software

Ultimate Software, salesforce and Netsuite will gain as uncertainty accelerates the shift to SaaS from on-premises.
Barrons   |   Mon, 27 Jun 2016 18:35:37

Still Little Hope Of FDA Approval For Sarepta, SunTrust Says Sell

Remember life before Brexit? Lost in the fray after the vote was a note Friday from SunTrust Robinson Humphrey , arguing that no matter what the FDA decides, Sarepta Therapeutics ( SRPT ) is still a sell. Analyst Edward Nash and his team reiterated a Reduce rating and $4 price ...
Stocks To Watch   |   Mon, 27 Jun 2016 18:35:31

Big Banks on Oil: Keep Bullish Despite Brexit

Oil is on pace for its biggest back-to-back losses since February, but the banks claim it's likely little more than a speed bump.
Tim Puko / MoneyBeat   |   Mon, 27 Jun 2016 18:34:37

How retailers can fashion their way through Brexit

Ashley Armstrong / Telegraph   |   Mon, 27 Jun 2016 18:34:21

Blackpool's Brexit voters revel in 'giving the metropolitan elite a kicking'

Voters in pro-Brexit Blackpool, where 67.5% wanted to leave the EU, tell Helen Pidd how they feel four days on from the referendum earthquake Inspecting the odds for the England game outside a betting shop in central Blackpool, Eric Tomlinson was in fine spirits. At the age of 74, the ...
Helen Pidd North of England editor / Guardian   |   Mon, 27 Jun 2016 18:33:38

Brexit aftermath: The West's decline and China's rise

Brexit has little direct effect on the Chinese economy though it does increase the risk of financial volatility. In the long run it is hard to see it as anything but a plus for China as the West continues to decline and China continues to rise. In the immediate aftermath ...
David Dollar / Brookings   |   Mon, 27 Jun 2016 18:30:00

The Brexit Hysterics

Both the economic and geopolitical fallout from Brexit is being exaggerated, and can still be minimized if people make sensible decisions going forward. If the U.S. and the EU don't want to see the upsurge in protectionism that Brexit foes fear, for example, they should rush to make trade deals ...
Ramesh Ponnuru / National Review   |   Mon, 27 Jun 2016 18:27:19

UK needs to 'scramble' for trade deals

Former Commerce Secretary Carlos Gutierrez says the U.K. needs to act soon to make up for lost trade deals post-Brexit.
CNBC   |   Mon, 27 Jun 2016 18:27:00

UPDATE 1-Britons flood Ireland with EU passport queries after Brexit vote

* Britons also eye Belgian, French and Italian passports (Adds detail from Europe)
Reuters   |   Mon, 27 Jun 2016 18:26:37

Merkel: No Brexit talks until UK invokes Article 50

German chancellor says UK must formally notify the EU of its intention to leave the bloc before negotiations can begin.
Al Jazeera   |   Mon, 27 Jun 2016 18:25:23

Economic Panic Rising, Britain Hopes to Stay in E.U. Market

Leaders on both sides of the debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.
STEPHEN CASTLE and SEWELL CHAN / NY Times   |   Mon, 27 Jun 2016 18:24:02

Britain Makes Case for Keeping Access to European Common Market

Leaders on both sides of the debate signaled that they wanted continued access to the free-trade zone, though the European Union may have other ideas.
STEPHEN CASTLE and SEWELL CHAN / DealBook   |   Mon, 27 Jun 2016 18:24:01

Standard & Poor's Downgrades Britain's Credit After Brexit

From AAA to AA
Associated Press / Time   |   Mon, 27 Jun 2016 18:23:52

56 Stocks That Should Dodge the Worst of Brexit

The folks at Canccord Genuity consider the impact of the Brexit vote on U.S. stocks and come away with a list that contains 56 U.S.-centric companies-including Celgene ( CELG ), Finish Line ( FINL ), Pioneer Natural Resources ( PXD ), Under Armour ( UA ), and Intuitive Surgical ( ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 18:23:46

Brexit and the Revenge of the BRICS

Are they celebrating Brexit in Moscow and Beijing? Perhaps not too loudly--no one wants to be seen as cheering a potential Lehman-like moment. But as the reality of Britain's self-inflicted wound settles in, and the global economy hasn't tanked yet, leaders of the major emerging economies have a reason to ...
Joel Moser, Contributor / Forbes   |   Mon, 27 Jun 2016 18:23:00

The Thirteen Big British Companies Whose Shares Are Up After Brexit

Miners, drug-makers, and an international hospital operator are among the big winners.
John Carney / MoneyBeat   |   Mon, 27 Jun 2016 18:22:30

S&P strips UK of last top-notch credit rating after Brexit

(Reuters) - Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Union last week.
IFR   |   Mon, 27 Jun 2016 18:22:00

Brexit raises new questions for Nike

Following the U.K. vote to exit the European Union, a new set of questions is arising around Nike's business.
CNBC   |   Mon, 27 Jun 2016 18:21:00

S&P Slashes UK Rating to AA after Brexit

S&P Global Ratings cut the U.K.'s top credit grade by two levels after the country voted to leave the European Union last week. S&P lowered the rating to AA from AAA, citing the risk of a less predictable, stable, and effective policy framework in the U.K. The cut also "reflects ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 18:20:50

Brexit is a big wakeup call on inequality

Brexit is a major wake up call for world leaders. Trade and globalization are under fire. CNNMoney looks at what it will take for the global economy to triumph.
CNN   |   Mon, 27 Jun 2016 18:20:02

Could the UK hold another Brexit vote?

The UK made a historic decision to leave the European Union on Thursday -- but has so far hesitated on pulling the trigger to go.
CNN   |   Mon, 27 Jun 2016 18:19:31

The Campaign Lie That's Coming Back to Haunt Brexit Supporters

During the leadup to last week's Brexit vote, one of the Leave campaign's favorite talking points was that the United Kingdom could save £350 million that it currently pays each week in membership dues to the European Union, and instead spend that money on things like funding the National Health ...
Jordan Weissmann / Moneybox   |   Mon, 27 Jun 2016 18:19:02

S&P strips UK of last AAA credit rating after Brexit

Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Union last week. "In our opinion, this outcome is a seminal event, and will ...
Andy Bruce for Reuters / Times of Malta   |   Mon, 27 Jun 2016 18:17:00

British Banks Could've Done Without That Whole Brexit Thing

They'd really love if we could pretend it never happened.
Bess Levin / Dealbreaker   |   Mon, 27 Jun 2016 18:16:11

UPDATE 1-S&P strips UK of last top-notch credit rating after Brexit

LONDON, June 27 (Reuters) - Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades...
Reuters   |   Mon, 27 Jun 2016 18:15:08

Chaos ahead after Brexit vote, says UK's food and drink industry body

More than a quarter of workforce is from eastern Europe, and all UK's labelling and safety regulation is about to disappear The UK food and drink industry is facing a period of uncertainty and chaos following the vote to leave the EU as more than a quarter of its workforce ...
Sarah Butler / Guardian   |   Mon, 27 Jun 2016 18:11:20

Why Did Apple Fare Better Than The Broader Market Following The Brexit?

Apple , the world's most valuable company, saw its stock decline by 2.8% in Friday's trading following the U.K.'s vote to leave the European Union. This was largely related to overall market movements, as well as concerns about the company's sales and profitability in Europe following the historic vote. That ...
Trefis Team, Contributor / Forbes   |   Mon, 27 Jun 2016 18:09:00

Priceline gets slammed on Brexit fears

Priceline has been one of the hardest hit stocks since the Brexit. Airlines and hotels have also suffered but Priceline generates more than two-thirds of its sales from Europe. So it could get suffer more than other travel companies.
CNN   |   Mon, 27 Jun 2016 18:08:26

WHITE HOUSE SAYS U.S. WILL CONTINUE TO WORK THROUGH NATO FOLLOWING BREXIT VOTE

WHITE HOUSE SAYS U.S. WILL CONTINUE TO WORK THROUGH NATO FOLLOWING BREXIT VOTE
Reuters   |   Mon, 27 Jun 2016 18:07:52

These "Brexit" Market Moves Were Bigger Than Anything Seen In 2008... And What Comes Next

When the general population is asked to define a moment of paradigmatic instability in the history of financial markets, inevitably 2008 - in which there was a unprecedented divergence between risk perception and the ultimate reality which saw Lehman fail and lead to the near collapse of the financial system ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 18:07:20

Alexion Pharmaceuticals: Brexit Be Damned; Citigroup Ups to Buy Citing "Dark Sky Valuation"

Despite worries about Alexion 's ( ALXN ) currency exposure after the U.K. voted last week to bail on the European Union , Citigroup upped the biotech stock to a buy with a $154 price target Why? Analyst Robyn Karnauskas says the "dark sky valuation" after Friday's selloff does not ...
Johanna Bennett / Stocks To Watch   |   Mon, 27 Jun 2016 18:05:53

Financial ETFs Keep Feeling Brexit Pain

Financial stocks and sector-related exchange traded funds were among the worst performing areas of the U.S. markets as investors continued to digest the consequence of the United Kingdom separating from the European Union and the potentially extended low interest-rate environment out of the Federal Reserve. On Monday, the Financial Select ...
Max Chen / ETF Trends   |   Mon, 27 Jun 2016 18:05:05

The Problem With the Brexit-Donald Trump Comparisons

Sorry Trump, the United Kingdom is much whiter than the United States.
Robert Schlesinger / U.S. News   |   Mon, 27 Jun 2016 18:05:00

Brexit Does the Fed a Favor

Another effect of the Brexit vote is that any plans for a Fed rate hike this year are completely off the table. This was a [...]
Eddy Elfenbein / Eddy Elfenbein   |   Mon, 27 Jun 2016 18:04:56

UK Stripped Of Top Credit Rating After Brexit

Ratings agency Standard and Poor's has stripped the UK of its top AAA credit rating after the vote to leave the European Union.
Sky   |   Mon, 27 Jun 2016 18:04:22

Brexit fears batter US-focused insurers

Investors now worry low interest rates will not rise soon
FT   |   Mon, 27 Jun 2016 18:04:17

UK fintech market threatened by Brexit

Investors and start-ups raise concerns about funding and talent retention after vote
FT   |   Mon, 27 Jun 2016 18:02:50

Chemical shares weaken on Brexit worries

Brexit worries weighed on chemical stocks Monday as many companies in the sector have 'significant' exposure to Europe.
CNBC   |   Mon, 27 Jun 2016 18:02:00

Brexit uncertainty weighs on global groups

Markets struggle to assess full impact of referendum on multinationals
FT   |   Mon, 27 Jun 2016 18:01:44

*Heyday: Britain and the Birth of the Modern World*

That is the new book by Ben Wilson, and no it has nothing (directly) to do with Brexit. Rather it is a survey of the technological breakthroughs of the 1850s and how they reshaped Great Britain and the globe more generally. Here is one short bit: Japan may have secluded ...
Tyler Cowen / Marginal Revolution   |   Mon, 27 Jun 2016 18:01:26

"Reserve your contempt for the people with power": Chris Hayes on anti-elitism and Brexit

Maybe the most striking poll on Brexit, the United Kingdom's vote to leave the European Union, asked people which way they intended to vote in the referendum and which people and institutions they trusted on the issue. Those who wanted to leave, the polling firm YouGov found, trusted no one. ...
Libby Nelson / Vox   |   Mon, 27 Jun 2016 18:00:03

Brexit diminishes Britain and threatens European security

Fifty-two percent of voters in the United Kingdom have decided to take a huge risk that may in the end turn Great Britain into Small England and shatter the international consensus that has given Europe more than three generations of peace. Last Thursday, the Brits approved a referendum to take...
David Horsey / LA Times   |   Mon, 27 Jun 2016 18:00:00

FT column: I do not believe that Brexit will happen

By Gideon Rachman All good dramas involve the suspension of disbelief. So it was with Brexit. I went to bed at 4am on Friday depressed that Britain had voted to leave the EU. The following day my gloom only deepened. But then, belatedly, I realised that I have seen this ...
Gideon Rachman / FT The World   |   Mon, 27 Jun 2016 17:58:48

S&P cuts U.K.'s credit rating by two notches after Brexit

'The negative outlook reflects the risk to economic prospects, fiscal and external performance, and the role of sterling as a reserve currency,' Standard & Poor's said
Globe and Mail   |   Mon, 27 Jun 2016 17:58:10

S&P lowers the UK's credit rating

The S&P has lowered the United Kingdom's credit rating from AAA to AA on the heels of the Brexit vote. The Daily Beast's Christopher Dickey joins to discuss.
MSNBC   |   Mon, 27 Jun 2016 17:57:22

Brexit waves batter global markets

S&P cuts UK credit rating Cameron rules out second referendum RBS shares down 15%
FT   |   Mon, 27 Jun 2016 17:54:58

In The Wake Of Brexit

Seeking Alpha   |   Mon, 27 Jun 2016 17:54:44

Buy-the-Dip Bulls Should Target This ETF

Suppose you're looking to buy this Brexit-related dip in the stock market. Buying panic has worked repeatedly in recent years. Ari Wald , head of technical analysis at Oppenheimer , says to target momentum stocks for the rebound.
Focus on Funds   |   Mon, 27 Jun 2016 17:54:15

S&P cuts UK's credit rating by two notches after Brexit

LONDON, June 27 (Reuters) - Ratings agency Standard & Poor's hit Britain with a two-notch downgrade to its credit rating on Monday and warned it could cut it further after Britons voted to leave the...
Reuters   |   Mon, 27 Jun 2016 17:53:15

Brexit NOT the end of the world?

David Lafferty, Natixis Global Asset Management, says that Brexit isn't as big a deal as some people are making it out to be.
CNBC   |   Mon, 27 Jun 2016 17:51:00

Italy eyes €40bn bank rescue as first Brexit domino falls

Ambrose Evans-Pritchard / Ambrose Evans-Pritchard   |   Mon, 27 Jun 2016 17:50:15

'Who Rules Over You?' Is Democracy's Most Important Question

The Washington Post headline bluntly declares "Brexit is a reminder that some things just shouldn't be decided by referendum." Writer Emily Badger, whose focus is generally on urban policy, brings up American ballot those in California-as an example of how referendums can lead to bad outcomes, or rather outcomes that ...
Hit & Run   |   Mon, 27 Jun 2016 17:50:00

Brexit deprived us but no time to waste says Renzi

Rome, June 27 - Everyone was deprived the day Britain voted to withdraw from the European Union but those who remain musn't waste time turning the page, Premier Matteo Renzi said Monday. The June 23 referendum vote in the UK has deprived everyone of "the delicate beauty of the European ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 17:49:00

There's about to be huge upheaval in the financial world

The UK has voted to leave the EU, and there is much still to be resolved. One thing is certain, however: the investment banking industry, and international finance more broadly, is likely going to change in a profound way. The vote to leave the UK will not just impact where ...
Money Game   |   Mon, 27 Jun 2016 17:48:49

Cameron: I won't pull trigger

A few days after Britain decided to leave the European Union in a historic referendum, British Prime Minister David Cameron delivers a speech inside the British Parliament.
CNN   |   Mon, 27 Jun 2016 17:48:07

Biotech & Brexit: 'Who Cares? England Doesn't Pay for Drugs Anyway'

Brexit has been bad for biotech stocks like Gilead Sciences ( GILD ), Alexion Pharmaceuticals ( ALXN ), Regeneron Pharmaceuticals ( REGN ) and Biogen ( BIIB ) but Baird's Brian Skorney and team are more worried about the dissolution of the European Union than Brexit. They explain why:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 17:47:35

Stocks Bucking The Brexit: Kroger, Tyson And Dividend Plays

Stocks have been getting hammered in the U.S. and abroad, but a small group have managed to stay afloat amid the wreckage.
Steve Schaefer, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 17:46:00

How the 'Brexit' Could Impact the UK's Blockchain Influence

Momentum around the UK's rapidly growing blockchain industry could slow following the 'Brexit' vote, experts say.
Michael del Castillo / CoinDesk   |   Mon, 27 Jun 2016 17:45:33

U.S. Stock Market Post-Brexit: The Beat Goes On

Friday's somewhat surprising Brexit vote (given that the polls showed both sides neck in neck, I cannot agree with the media that a 52-48 vote was a "shock") reminds me a lot of the financial market turmoil that was brought on by Greece's tumult several years ago. The fear was ...
Chad Brand / Peridot Capitalist   |   Mon, 27 Jun 2016 17:45:22

S&P Downgrades UK From AAA To AA, Outlook Negative: Full Text

That didn't take too long: just as the rating agencies warned as part of the scaremongering campaing, the downgrades have begun. * * * From S&P Ratings On The United Kingdom Lowered To 'AA' On Brexit Vote; Outlook Remains Negative On Continued Uncertainty OVERVIEW In the nationwide referendum on the ...
Zero Hedge   |   Mon, 27 Jun 2016 17:44:46

After Brexit, we can no longer ignore fears about immigration

Jeremy Hunt / Telegraph   |   Mon, 27 Jun 2016 17:44:26

16 Reasons to Celebrate Brexit's Win

Doug Bandow Politics, Europe The UK electorate made a wise choice. Watching the Brexit campaign generated mixed feelings: it was a little like the man who saw his mother-in-law drive his new Mercedes off a cliff. In the United Kingdom, some people who hated free trade, immigration and market innovation ...
Doug Bandow / National Interest   |   Mon, 27 Jun 2016 17:43:00

Britain's divorce from EU could stiff students

British universities are working to calm frayed nerves among students and staff as they face extreme uncertainty about their post-Brexit future.
CNN   |   Mon, 27 Jun 2016 17:40:33

8 Post-Brexit Stock Winners For All Types of Investors

When times get tough, equity investors often flock to defensive stocks. This is traditionally food and water, utilities, consumer products, tobacco, beer and booze, and other things that people have... AEP AWK DG GOV HR HRL MO SNH Administrator stock market
Jon C. Ogg / 24/7 Wall St.   |   Mon, 27 Jun 2016 17:40:26

Post-Brexit: Shock and fear for the future

London bankers are worried about their jobs and the future of their industry after the U.K. voted to leave the European Union.
CNN   |   Mon, 27 Jun 2016 17:40:25

Britons in rush for Irish passports

Dublin overwhelmed by demand in wake of Brexit vote
FT   |   Mon, 27 Jun 2016 17:40:15

Are central banks 'powerless' to handle Brexit?

The fallout of the UK referendum vote to leave the European Union undercuts central banks' ability to buoy the global economy.
CNN   |   Mon, 27 Jun 2016 17:39:54

Brexit crash wiped out a record $2.1 trillion

Read full story for latest details.
CNN   |   Mon, 27 Jun 2016 17:39:41

Brexit Writes A Hard Lesson For Elites

The elites across the world had a dreadful weekend. Britain's historic goodbye to...
D Volatility / Distressed Volatility   |   Mon, 27 Jun 2016 17:39:00

Polish MEP: "English will not be an official EU language after Brexit"

"English will not be one of the European Union's official language after Brexit," MEP Danuta Hübner and head of the European Parliament's Constitutional Affairs Committee (AFCO) warned at a press conference on Brexit on Monday. No other EU country has English as their official language and so it could lose ...
keeptalkinggreece / Keep Talking Greece   |   Mon, 27 Jun 2016 17:38:52

Spox Invokes Benghazi To Deflect From Trump Saying He'd Profit From Brexit

Donald Trump faced heavy criticism for noting that the United Kingdom's momentous vote to leave the European Union would translate to more business for his new Scottish golf course. But in an interview Monday, his spokeswoman resorted to a classic conservative strategy to deflect attention: invoke Benghazi. Read More
TPM   |   Mon, 27 Jun 2016 17:38:35

What Brookings experts are saying about Brexit

UPDATED, 6/27/16 Voters in the United Kingdom have voted to leave the European Union. British PM David Cameron has resigned. The choice in favor of "Brexit" will have significant economic and political consequences that Brookings scholars have been analyzing and commenting on. Here is some of what they are saying. ...
Fred Dews / Brookings   |   Mon, 27 Jun 2016 17:38:00

Questor share tip: Housing stocks creaking under Brexit uncertainty

Marion Dakers / Telegraph   |   Mon, 27 Jun 2016 17:36:24

'Buyer beware' of US markets: Technician

U.S. markets are performing better than other global indexes after the Brexit vote, but are they protected enough?
CNBC   |   Mon, 27 Jun 2016 17:36:00

FORMER FED PRESIDENT: The Fed should cut rates because of Brexit

Narayana Kocherlakota thinks the Fed is going the wrong way and Brexit proves it. In a column on Bloomberg View Monday, the former Minneapolis Federal Reserve president said that instead of considering raising interest rates at their July meeting, the FOMC should cut rates instead. The reason? Brexit. "Britain's vote ...
Bob Bryan / Business Insider   |   Mon, 27 Jun 2016 17:34:52

Auto Stocks Smashed? Stop Your Sniveling: Here's a Smart Investment Play

Stocks of public auto dealerships have been dented badly by Brexit. Here are a couple likely to do well for the longer term.
Doron Levin, Contributor / Forbes   |   Mon, 27 Jun 2016 17:34:00

Britain Is a Total Mess Right Now

The day before the Brexit vote, Nick Clegg, the former leader of the Liberal Democrats, wrote a piece titled "What you will wake up to if we vote to Leave.... It's astonishingly prescient and worth a read. Apparently not very many people believed him, though. But he was totally right, ...
Kevin Drum / Kevin Drum   |   Mon, 27 Jun 2016 17:33:00

Cameron urges EU to heed Brexit lessons

Prime minister makes final, painful visit to Brussels summit as UK leader
FT   |   Mon, 27 Jun 2016 17:31:07

Stocks: After Brexit, Risks Skew to the Downside

While some observers are taking a sanguine view towards stocks following Britain's vote to leave the European Union, many are warning of more downside for both stocks and the U.S. economy. JPMorgan's Dubravko Lakos-Bujas and team, for one, are concerned selling by certain types of hedge funds and mutual funds ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 17:31:02

Brexit and the lessons of history

"The Europe we have today is the worst possible Europe, apart from all the other Europes that have been tried from time to time." - Historian Timothy Garton Ash paraphrasing Winston Churchill With almost clockwork precision, Europe has torn itself apart in violent, usually barbaric paroxysms of self-destruction every 30-50 ...
Steven R. Koltai / Brookings   |   Mon, 27 Jun 2016 17:30:00

That sucking sound might be bank jobs moving from London to this city

London's position as the world's premiere financial center is bound to change in the wake of a Brexit. Dublin could step in.
Here Is The City   |   Mon, 27 Jun 2016 17:27:41

British government delays sale of RBS, Lloyds stakes after Brexit vote: Sources

Britain's government has scrapped plans to sell stakes in RBS and Lloyds this year in the wake of the Brexit vote, sources said.
CNBC   |   Mon, 27 Jun 2016 17:27:00

What Does "Brexit" Mean for UK's NHS and Healthcare in Europe?

The United Kingdom's decision to leave the European Union has sent shock waves across the world. The economic fallout is widely expected to result in a recession in the UK along with reduced GDP growth across several European countries. The United Kingdom Independent Party (UKIP) that has championed the cause ...
Reenita Das, Contributor / Forbes   |   Mon, 27 Jun 2016 17:25:00

Steel industry could 'crumble' in wake of Brexit vote, warns union

Alan Tovey / Telegraph   |   Mon, 27 Jun 2016 17:22:37

U.K. bank stocks crushed in post-Brexit fallout

Barclays, Lloyds and RBS all see swift declines
Globe and Mail   |   Mon, 27 Jun 2016 17:20:24

Mikhail Golub on Twitter: "Brexit

WEEEEE
maoxian / Maoxian   |   Mon, 27 Jun 2016 17:19:29

Brexit blog - How the day unfolded

Cameron appears before Commons; Osborne breaks silence in bid to reassure markets
FT   |   Mon, 27 Jun 2016 17:18:38

Juncker under post-Brexit attack from east

Brussels should admit mistakes, says Polish foreign minister
FT   |   Mon, 27 Jun 2016 17:18:10

Banks pounded again amid increased UK recession fears

Insurers, U.K. banks, among those to feel the worst impact, analysts say.
CNBC   |   Mon, 27 Jun 2016 17:18:00

Glimmers of hope for EM in Brexit fallout

Some see gains from looser monetary policy and rising political risk in the west
FT   |   Mon, 27 Jun 2016 17:16:35

Lew urges world leaders to work together

CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew on Brexit, and trade agreement negotiations with Europe.
Steve Liesman   |   Mon, 27 Jun 2016 17:16:00

Brexit plan should reflect narrow victory

Control and sovereignty, not immigration, were main drivers of Leave vote, writes Rupert Harrison
FT   |   Mon, 27 Jun 2016 17:15:15

Give EU project legs, heart, says Renzi after Brexit

Rome, June 27 - Premier Matteo Renzi said Monday a British referendum vote to leave the European Union means there is "a strong need to give the European project legs and a heart over the coming decades". "We know the EU is solid and strong - it must show more ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 17:15:00

'Brexit' Vote Pours Cold Water on Tata Steel's Sale Plans

The U.K.'s decision to leave the European Union could cast doubts over Tata Steel's efforts to sell its businesses in Britain, analysts said.
WSJ   |   Mon, 27 Jun 2016 17:14:11

We Expect Huge Oil Inventory Draws in July (Video)

By EconMatters We Like Buying Oil here into July, we think Brexit is the last trade, and we are already moving forward to the next trade. Gasoline is too cheap going into the strongest demand month of the year, it is not like Europeans are suddenly going to stop taking ...
EconMatters / EconMatters Global   |   Mon, 27 Jun 2016 17:13:00

Trump Moves to Seize the Day Amid Brexit Chaos

DAVID MOIR Rob GarverJune 27, 2016 The political and economic fallout from the United Kingdom's vote to leave the European Union last week will take months and years to be fully understood, but presumptive Republican presidential nominee Donald Trump has already decided that the Brexit currently rattling world financial markets ...
mrainey / Fiscal Times   |   Mon, 27 Jun 2016 17:12:33

US Stocks Erase All Post-QE3 Gains, Tumble To Fed Balance Sheet 'Reality' Once More

For the first time since early March, The Dow dropped back near 17,000 earlier (down over 1000 points from the pre-Brexit peak) with a modest bounce off the EU close lows. However, this plunge across risk assets has erased all post-QE3 gains with Trannies down 20% since Oct 2014. Having ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 17:11:28

Yes, Bank Stocks Really are Riskier After Brexit

Even before the Brexit vote, bank stocks like Morgan Stanley ( MS ), Citigroup ( C ), and Bank of America ( BAC ) were having a tough time of it --and no one would be blamed for feeling like they were riskier now than they had in years past. ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 17:10:38

Big London Bets Tilted Bookmakers' 'Brexit' Odds

Large wagers from pro-EU London likely skewed betting shops' prediction for a vote to remain in the trade bloc.
WSJ   |   Mon, 27 Jun 2016 17:10:19

Gold, Bank And Pound Shorts Boost Odey Returns After Brexit Crash

A significant story is told by looking at the Crispen Odey long short ratio. More than just Brexit, it reveals stock earnings issues and central bank potency that points to where the market could trend on a longer-term basis. One [...] The post Gold, Bank And Pound Shorts Boost Odey ...
Mark Melin / Value Walk   |   Mon, 27 Jun 2016 17:09:53

Small investors go on a bargain hunt after Brexit share slump

House builders and banks have been hit hard by Thursday's vote, but high trading volumes show buyers are embracing a volatile market Bargain-seeking small investors were out in force on Monday as the fallout from Brexit sent many popular shares tumbling for a second day - attracted by price drops ...
Rupert Jones / Guardian   |   Mon, 27 Jun 2016 17:09:38

Brexit Aftermath: Goldman Sachs Predicts U.K. Will Enter A 'Mild Recession' In 2017

Three Goldman Sachs economists concluded that increased market uncertainty and the likely deterioration of U.K. terms of trade in a post-Brexit world could subtract a cumulative 2.75% from the U.K's GDP.
Maggie McGrath, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 17:06:00

Banks drag down European shares as Brexit sell-off continues

MILAN/ LONDON, June 27 (Reuters)- European shares fell on Monday, with banks making their biggest two-day loss on record as uncertainty over Britain's decision to leave the European Union continued to rock global markets. Analysts said Britain's exit from the EU would likely put more pressure on bank earnings, already ...
CNBC   |   Mon, 27 Jun 2016 17:05:00

Markets Do Not Like Brexit's Many Unanswered Questions

There Is No Plan For Brexit Bloomberg recently published a short Brexit Q&A. The excerpt below pretty much sums up the level of uncertainty surrounding the monumental and unprecedented task of having a country leave the European Union via Article 50. Brexit And U.S. Stocks This week's video looks at ...
admin / Short Takes   |   Mon, 27 Jun 2016 17:03:21

British government puts sale of RBS, Lloyds stakes on hold after Brexit vote: sources

By Andrew MacAskill LONDON (Reuters) - Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said, a decision set to leave a multi-billion pound hole in its finances. The Treasury had planned ...
Business Insider   |   Mon, 27 Jun 2016 17:03:17

UPDATE 1-ECB, BoE and Fed heads cancel panel chat after Brexit vote

SINTRA, June 27 (Reuters) - The heads of the European Central Bank, Bank of England and U.S. Federal Reserve have cancelled a panel discussion scheduled for Wednesday after Britain's vote to leave...
Reuters   |   Mon, 27 Jun 2016 17:02:37

Niger Delta Avengers Call For A Brexit-Style Vote

Brexit appears to be catching on. The latest group to call for is the Niger Delta Avengers, the militant group responsible for a series of attacks on oil pipelines and facilities in the Niger Delta. The latest confirmed attack by militants took place Thursday on a Shell Petroleum Development Company ...
Lincoln Brown / Oil Price   |   Mon, 27 Jun 2016 17:01:20

Brexit deprived us all says Renzi

Rome, June 27 - Premier Matteo Renzi said Monday a British referendum vote to leave the European Union has deprived everyone of "the delicate beauty of the European sentiment". "The day after the (June 23) referendum we woke up deprived of something - a precious object was taken away from ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 17:01:00

Democrats on guard over Brexit populism

Clinton should not underestimate the anti-establishment mood that makes Trump attractive to voters
FT   |   Mon, 27 Jun 2016 17:00:41

LIVE: Jeremy Corbyn Supporters Rally Outside Parliament as Labour Leader Fights Coup (Multimedia)

Follow along as Natasha Hakimi Zapata, a Truthdig assistant editor, joins Jeremy Corbyn's grass-roots followers as they rally outside the U.K. Parliament to show their ongoing support for the Labour leader as members of his party try to oust him. Related Entries June 23, 2016 Brexit Mayhem Continues: MPs Attempt ...
truthdig   |   Mon, 27 Jun 2016 17:00:27

Brexit: Reforming The EU Or EUR Break-Up - Fasanara Capital

Brexit: Reforming The EU Or EUR Break-Up by Fasanara Capital Analysing short term prospects for markets seems to be the least contentious matter. The list of unknowns over the next 12 months has just got longer. To valid concerns over China's credit [...] The post Brexit: Reforming The EU Or ...
VW Staff / Value Walk   |   Mon, 27 Jun 2016 17:00:21

Britain's biggest landlord caught in Brexit turmoil - as he attempts to sell 1,000 properties

Katie Morley / Telegraph   |   Mon, 27 Jun 2016 16:56:42

Are central banks 'powerless' against Brexit fallout?

The fallout of the UK referendum vote to leave the European Union undercuts central banks' ability to buoy the global economy.
CNN   |   Mon, 27 Jun 2016 16:55:51

Gold Prices Extend Brexit Bombshell Surge

Submitted by Adrian Ash, Bullion Valut on Mon, 06/27/2016 - 17:35 GOLD PRICES pushed up but held below Friday's Brexit jump to new multi-year highs in London trade Monday, as Western stock markets sank once again following the UK referendum's [...] The post Gold Prices Extend Brexit Bombshell Surge appeared ...
Guest Post / Value Walk   |   Mon, 27 Jun 2016 16:55:12

Are central banks 'powerless' to handle Brexit fallout?

The fallout of the UK referendum vote to leave the European Union undercuts central banks' ability to buoy the global economy.
CNN   |   Mon, 27 Jun 2016 16:55:07

Goodbye London, hello... Dublin?

Dublin may move in on London's position as Europe's most important financial center after the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 16:55:00

British government puts sale of RBS, Lloyds stakes on hold after Brexit vote -sources

LONDON, June 27 (Reuters) - Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said, a...
Reuters   |   Mon, 27 Jun 2016 16:54:08

Ireland greets UK's Brexit with bafflement

After years of moving closer together, the two islands are suddenly moving apart
FT   |   Mon, 27 Jun 2016 16:53:42

Alternative Thinking on Brexit Gains, Brexit Losses and CNBC's Booking Schedule

"My gut is that today is not the worst day for hedge fund performance - it's probably at some point in the coming weeks." That's Ryan Tolkin, CIO of Schonfeld Strategic Advisors. read more
yduran / FINalternatives   |   Mon, 27 Jun 2016 16:53:09

Scotland and the EU post-Brexit - independent Scotland in the EU or outside with the UK?

For Brussels, Scotland has become the good Europeans, England and Wales the bad. Scotland's First Minister Nicola Sturgeon addresses the audience at the Residence Palace in Brussels on June 2, 2015. Virginia Mayo /Press Association. All rights reserved.As the UK descends into extraordinary political and economic chaos, with no political ...
Kirsty Hughes / Open Democracy   |   Mon, 27 Jun 2016 16:53:03

LIVE: John Kerry, Philip Hammond on Brexit

Secretary of State John Kerry and British Secretary of State Philip Hammond discuss how Britain will undergo its exit from the European Union.
MSNBC   |   Mon, 27 Jun 2016 16:49:30

London's FTSE100 drops below 6000 as Brexit woes deepen

London's FTSE 100 index closed below 6,000 on Monday, and dropped by nearly as much as it lost on Friday in the wake of the shock UK referendum decision to quit the European Union. The blue-chip index lost 156 points, or 2.6%, to end at 5,982. On Friday, the bourse ...
Proactive Investors   |   Mon, 27 Jun 2016 16:49:00

US bank shares hit for second day running

Materials and financial sectors worst hit as consequences of Brexit deter investors
FT   |   Mon, 27 Jun 2016 16:48:13

China's reaction to Brexit has already put the entire world at risk

The entire world is hysterical about Brexit, the UK's decision to leave the European Union last week. Markets around the world are puking, people within the country are shocked, and people outside the country are wondering if there's any way to take this back. China has been no different. At ...
Linette Lopez / Money Game   |   Mon, 27 Jun 2016 16:47:00

City and pound slide as Osborne fails to slay Brexit dragon

So much for the British finance minister's calming words. George Osborne broke his post- Brexit silence on Monday to assure the markets that Britain...
euronews   |   Mon, 27 Jun 2016 16:46:52

Hedge Funds Limited Risk Ahead of 'Brexit' Vote

London's hedge-fund executives returnedMondayto an industry bloodied but unbowed byFriday'smarket turmoil.
WSJ   |   Mon, 27 Jun 2016 16:46:34

Milan bourse plunges 3.94% at the close (2)

Milan, June 27 - The FTSE Mib index on the Milan stock exchange plunged 3.94% to close at 15,103 points in the aftermath of the Brexit. The benchmark stock index lost as much as 4.15% during the trading session and 12 stocks was suspended due to excessive volatility. Banking stocks ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 16:46:00

Can globalization survive 'Brexit' and Trump?

Brexit is a major wake up call for world leaders. Trade and globalization are under fire. CNNMoney looks at what it will take for the global economy to triumph.
CNN   |   Mon, 27 Jun 2016 16:45:45

European Banks Get Lashed Again

Banks have been bracing for Brexit for months. Banks will need to brace more still. Shares of Barclays PLC (BCS) and the Royal Bank of Scotland (RBS) were throttled 20% and 10% in London on Monday, each down enough to trigger automatic trading suspensions. Lloyds (LLOY) fell another 10% while ...
Chris Dieterich / Focus on Funds   |   Mon, 27 Jun 2016 16:45:23

Banks press regulators for Brexit clarity

Executives are keen to avoid unnecessary spending
FT   |   Mon, 27 Jun 2016 16:45:08

Brexit Hits Luxury Market

Professor Qing Wang said: "The results of the EU referendum to leave has shocked the stock market worldwide and the European and British luxury brands have been hit badly. In one day, the stock price of Burberry dropped over 3% and nearly 6% for Mulberry, while the largest luxury brand ...
Sarah Kennedy / NY Observer   |   Mon, 27 Jun 2016 16:44:28

Airlines: Brexit's Just One More Thing To Worry About

Airlines like American Airlines ( AAL ), Delta Air Lines ( DAL ), and United Continental ( UAL ) have been unable to convince investors that they're no longer the risky stocks of the past and Brexit won't help the cause . Deutsche Bank's Michael Linenberg and team explain why ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 16:44:22

Brexit & the generational split

CNBC was interviewing a Millennial by the Thames River in London on his feelings about the Brexit when an older gentleman weighed in. And the exchange got a bit testy.
CNBC   |   Mon, 27 Jun 2016 16:44:00

Leave camp's biggest donor loses more than £400m in aftermath

Peter Hargreaves, who donated £3.2m to Leave.EU, upbeat about financial future of UK despite shares slump in firm he started The biggest individual donor to the Brexit campaign has lost more than £400m in the share price meltdown that has hit stock markets since the result of the EU referendum ...
Patrick Collinson / Guardian   |   Mon, 27 Jun 2016 16:42:40

Brexit in 7 charts - the economic impact

How growth, trade, migration will be affected by a split with the EU
FT   |   Mon, 27 Jun 2016 16:40:53

Analysis: Next 'Brexit step? Take a deep breath and calm down

We will have at least three months to let the dust settle before any irreversible steps.
USA Today   |   Mon, 27 Jun 2016 16:37:39

Greenspan Calls Brexit A 'Terrible Outcome' " It's a terrible outcome in all respects"; Scotland Is Next

In an exclusive interview with Bloomberg Televsion and Bloomberg Radio, Former Federal Reserve Chairman Alan Greenspan discussed how U.K. policy makers miscalculated the Brexit outcome and how Scotland may now choose independence from Britain. Story link, quotes, and transcript below. [...] The post Greenspan Calls Brexit A 'Terrible Outcome' " ...
VW Staff / Value Walk   |   Mon, 27 Jun 2016 16:36:32

What's On The Menu After Brexit? Financial Advisors' Daily Digest

Seeking Alpha   |   Mon, 27 Jun 2016 16:34:49

Oakmark's buy list

Bill Nygren, Oakmark portfolio manager, says bonds are expensive relative to stocks, in discussing a re-balance strategy after the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 16:34:00

EMERGING MARKETS-Latam stocks, currencies down for 2nd day as Brexit woes linger

By Bruno Federowski SAO PAULO, June 27 (Reuters) - Latin American equities and currencies fell on Monday for the second consecutive trading day as lingering concerns over Britain's decision to...
Reuters   |   Mon, 27 Jun 2016 16:33:10

Don't believe the Brexit prophecies of economic doom

It's not all doom and gloom. shutterstock.com The shock and horror at the Brexit vote has been loud and vociferous. Some seem to be revelling in the uncertainty that the referendum result has provoked. The pound falling in value, a downturn in markets - it lends credence to the establishment's ...
Isaac Tabner, Senior Lecturer in Finance, University of Stirling / The Conversation   |   Mon, 27 Jun 2016 16:32:38

Political fallout follows Brexit vote

The Washington Post's Dan Balz joins NBC's Andrea Mitchell to discuss the political aftermath of Brexit.
MSNBC   |   Mon, 27 Jun 2016 16:30:33

Don't despair over Brexit

Editor's Note: This past week's vote in the United Kingdom to leave the European Union reveals huge frustration among British voters with economic, immigration, national self-identity, and the whole "European project." Trade between Britain and continental Europe could be notched back a bit as tariffs; London's role as a financial ...
Michael E. O'Hanlon / Brookings   |   Mon, 27 Jun 2016 16:30:00

European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars

So much for George Osborne's calming statement this morning, European banks have collapsed this morning to close down between 20% and 30% since the Brexity vote. The last 2 days plunge in EU banks (down 23%) is the largest in history (double the size of Lehman) and pushes European bank ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 16:29:44

It's getting worse for investment bankers

An already-rough year for Wall Street dealmakers has likely just gotten worse. Britain's historic decision on Thursday to leave the European Union has, among other things, spelled bad news for the market. "We believe the M&A advisors could be one of the most negatively impacted sectors from the UK's decision ...
Money Game   |   Mon, 27 Jun 2016 16:28:45

Two Black Swans, Far Greater Than BREXIT Are On the Horizon

While the world continues to focus on the BREXIT, two other, much larger problems are emerging. The first is that the US is back in recession. Labor Market Conditions, Industrial Production, the Dallas Fed Workweek, Commercial and Industrial Loan Delinquencies, Corporate Debt Levels, and Inventory Accumulation are ALL in recessionary ...
Phoenix Capital Research / Zero Hedge   |   Mon, 27 Jun 2016 16:28:38

Sell Dalradian Resources (DNA.to) (from IKN372)

A segment from IKN372, out last night: Normal 0 21 false false false /* Style Definitions */ normal"; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; font-size:10.0pt; New Roman"; Dalradian (DNA.to) and Brexit Fallout from the UK's decision to vote Leave last week will come in all shapes and sizes. In the great scheme ...
IKN   |   Mon, 27 Jun 2016 16:28:00

Stocks: What If Britain Doesn't Exit?

Gluskin Sheff's David Rosenberg doesn't think a British exit from the European Union, or Brexit, is fait accompli . He explains why:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 16:27:34

Once again a Spanish election saves the establishment and deals Podemos a blow

Judging by the results of Spain's second general election in six months, held just three days after the Brexit referendum, Spanish opinion pollsters are as unreliable as their British counterparts. Although all polls correctly predicted that Mariano Rajoy's Popular Party (PP) would once again obtain the largest number of seats, ...
Paul Kennedy, Lecturer in Spanish and European Studies, University of Bath / The Conversation   |   Mon, 27 Jun 2016 16:25:11

Brexit could spell more trouble for Trump

Brexit is a nightmare for supporter Donald Trump's troubled campaign, Politico's Ben White says.
CNBC   |   Mon, 27 Jun 2016 16:25:00

Elizabeth Warren's take-down of Donald Trump earns Clinton's admiration

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 8:40 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Michael A. Memoli / LA Times   |   Mon, 27 Jun 2016 16:24:00

More Punishment Probable for Pound ETF

The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) was a predictable victim of Great Britain's decision to depart the European Union, also known as Brexit. On the back of last Thursday's Brexit outcome, FXB tumbled nearly 8.4% on volume that was almost 29 time the daily average to a new ...
Tom Lydon / ETF Trends   |   Mon, 27 Jun 2016 16:23:26

UPDATE 2-Italy prepares to shield its banks from Brexit fallout

* Likely to ask EU for flexibility in state aid rules (Adds second govt source on potential measures, no 40 bln euro plan)
Reuters   |   Mon, 27 Jun 2016 16:22:47

How Will Brexit Change Life In The UK, Europe And Elsewhere?

James Cleverly is a happy man. He was one of the biggest campaigners to get Britain out...
D Volatility / Distressed Volatility   |   Mon, 27 Jun 2016 16:20:00

AIG: Brexit Implications

Seeking Alpha   |   Mon, 27 Jun 2016 16:19:50

Brexit exposes European banks

Chris Whalen, Kroll Bond Rating Agency senior managing director, comments on the pain in banks after the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 16:19:00

Brexit: the next legal steps on the road out of Europe

An uncertain direction. Vladimir In legal terms nothing has happened - at least not yet - in Britain's departure from the EU. The referendum result that 51.9% believe the UK should leave the EU is advisory, and does not change the fact, as the prime minister, David Cameron, acknowledged on ...
Colin Murray, Senior Lecturer in Law, Newcastle University / The Conversation   |   Mon, 27 Jun 2016 16:14:50

Brexit Vote Leaves Japan's Abe in Hot Water

A strong yen hits Japan's exports when they're already down.
Harry Zieve Cohen / The American Interest   |   Mon, 27 Jun 2016 16:14:01

Where does the Brexit vote leave us?

Britain has held a referendum to decide whether or not to stay in the European Union (EU). Leave won by 52 percent to 48 percent. Too many commentators are suggesting the matter is settled. Far from it. People will say there will be overwhelming moral and political pressure to respect ...
professor of political science / The Berkeley Blog   |   Mon, 27 Jun 2016 16:13:38

Despite His Dire Warnings Soros Did Not Short The Pound This Go-Round

He did however do a run-and-gun on the bookmakers. I kid. The bookies got beat by little old ladies in the north of England making hundred dollar bets. Here's the headline story from Barron's Focus on Funds: Soros Didn't Short The Pound Before Brexit Vote Despite Warnings Billionaire investor George ...
climateer / Climateer Investing   |   Mon, 27 Jun 2016 16:13:00

Jefferies' 5 Brexit buys

These are the stocks to buy on a Brexit pullback, according to Jefferies.
CNBC   |   Mon, 27 Jun 2016 16:11:00

Second referendum petition: Inquiry removes at least 77,000 fake signatures, as hackers claim responsibility for 'prank'

Luke Heighton / Telegraph   |   Mon, 27 Jun 2016 16:10:19

Chuck Tingle's "Pounded by the Pound" is the satirical Brexit erotica we need right now

There have been very few bright moments following Britain's disastrous decision to leave the European Union in last week's Brexit referendum. But one of the few - and one of the funniest - comes to us courtesy of our old friend, satirical erotica author Chuck Tingle. The book's real, the ...
Aja Romano / Vox   |   Mon, 27 Jun 2016 16:10:03

GLOBAL MARKETS-Banks pull stocks lower as Brexit continues global rout

* Treasuries, dollar index lifted in scramble to safe-haven assets
Reuters   |   Mon, 27 Jun 2016 16:08:11

Echoes of February as AT1 market takes another leg down

European banks' Additional Tier 1 debt took another knock on Monday as the economic and political fallout of Brexit hung over markets, triggering the most violent price action since the first quarter.
IFR   |   Mon, 27 Jun 2016 16:04:00

How Britain Can Break from Brexit

Here's a roadmap for how Britain can walk itself back from its recent disastrous referendum.
Anne Kim / Political Animal   |   Mon, 27 Jun 2016 16:03:55

The Market Value Fluctuations of the 10 Largest Companies

10 Largest Companies I thought I'd put up a quick post with an interesting chart that might provide some food for thought. Considering the volatility in the past few days that was created by the surprising results of the "Brexit" [...] The post The Market Value Fluctuations of the 10 ...
Value Walk   |   Mon, 27 Jun 2016 16:01:44

Brexit Risks for Netflix, Facebook, TripAdvisor, Apple per Needham

Needham & Co .'s Laura Martin this morning warns that there's risk to some of her Internet names, in particular, Netflix ( NFLX ), Facebook ( FB ), and TripAdvisor ( TRIP ), in the wake of Britain's vote to leave the E.U. last Thursday. "For our Internet names, Brexit ...
Tiernan Ray / Eric Savitz   |   Mon, 27 Jun 2016 16:00:30

Austerity is the cause of our economic woes. It's nothing to do with the EU | Mariana Mazzucato

The referendum shows how far Britain's economic failures have divided the country, but Brexit will only make them harder to address I was one of 150 academic economists, including 12 Nobel prize winners, who warned of the risks of Britain leaving Europe: recession, job losses, higher costs of living, lower ...
Mariana Mazzucato / Guardian   |   Mon, 27 Jun 2016 16:00:03

Bank debt bears brunt of Brexit turmoil

US dollar bonds of financial institutions sold off sharply Monday, as investors struggled to see a clear path ahead after the UK's vote last Thursday to leave the European Union.
IFR   |   Mon, 27 Jun 2016 16:00:00

Analysts still bullish on gold bullion, gold stocks after Brexit-induced rally

Some investors might think they missed the boat on gold after last Friday's Brexit-induced rally. But many Canadian brokerage analysts disagree
Peter Koven / Financial Post   |   Mon, 27 Jun 2016 15:59:49

Five models for post-Brexit UK trade

Norway, Switzerland, Canada or Singapore? What approach should the UK take to trade deals with the EU and others, once it leaves the European bloc?
BBC   |   Mon, 27 Jun 2016 15:59:40

Here's what Brexit means for Wall Street

We're starting to see the immediate impacts of Britain's decision on Thursday to leave the European Union. Stocks are sliding, the British pound is tumbling, and gold is rallying. Bank stocks are getting hammered. In a note out on Monday, Goldman Sachs analyst Richard Ramsden put together overview of how ...
Portia Crowe / Business Insider   |   Mon, 27 Jun 2016 15:59:23

Brexit: what happens next? Another big choice on Europe, with Boris Johnson and Nigel Farage on opposite sides

James Kirkup / Telegraph   |   Mon, 27 Jun 2016 15:57:38

What's Up With The VIX? Fear Gauge Lower Even As Stocks Plunge

Stocks plunged on Monday as fallout from Brexit spread across global financial markets. Meanwhile, the CBOE Volatility Index ( VIX ) fell , a perplexing move for the market's so-called fear gauge. The VIX, an options-based measure of projected price swings in the S&P 500 over the next month, declined ...
Focus on Funds   |   Mon, 27 Jun 2016 15:57:11

Too early to buy into Brexit sell-off - UBS

Fixed income investors should resist the temptation to buy US credit as spreads could widen further in the aftermath of Britain's vote to leave the European Union, UBS credit analysts said Monday.
IFR   |   Mon, 27 Jun 2016 15:56:00

Why a Second Brexit Referendum or Sabotage by Parliament Are Not Going to Happen

There is a petition out signed by more than two million Brits calling for a second vote on Brexit and there is also speculation that Scotland will block Brexit. None of this will happen says FT columnist Wolfgang Munchau: Forget the petition for a second referendum. It is not going ...
Robert Wenzel / Economic Policy Journal   |   Mon, 27 Jun 2016 15:55:00

Answers to popular Google searches on Brexit

'Can I get an Irish passport?' and 'Is it time to buy gold' among the most common questions
FT   |   Mon, 27 Jun 2016 15:53:16

Gold higher but Brexit surge loses steam

Gold rose again after the Brexit vote, but not by much and despite heavy falls for the pound and UK banks, bullion markets took the decision relatively calmly. There may be more gains for the metal to follow if currency investors shift out of sterling (and the euro) and into ...
Proactive Investors   |   Mon, 27 Jun 2016 15:53:00

What 'Brexit' Means for the City of London

London risks losing thousands of finance jobs after the U.K.'s historic vote to leave the European Union. Keeping them will depend on the ability to strike a political deal that allows the U.K. to access the bloc's single market.
WSJ   |   Mon, 27 Jun 2016 15:52:41

Brexit crash wiped out a record $2.1 trillion. Now what?

A stunning $2.1 trillion was erased from global stock markets on Friday. Here's what investors should expect going forward.
CNN   |   Mon, 27 Jun 2016 15:52:10

How our Brexit model fared on election night

AFTER some early jitters as the first batch of results came in during Britain's referendum on EU membership, by 2:40 am on June 24th it looked like the City could sleep easy. With results from 87 of the 396 counting areas in, "remain" had surged from behind to eke out ...
Graphic Detail   |   Mon, 27 Jun 2016 15:52:02

London faces loss of big names as businesses look to beat Brexit by going abroad

The City of London is bracing itself for big jobs losses if big international firms leave because of Brexit and set up their head offices elsewhere....
euronews   |   Mon, 27 Jun 2016 15:51:28

Brexit -- Class warfare -- The end of history (not so much)

Since Thatcher and Reagan came to power more than 30 years ago, a system change has occurred in the Western world. Democracy decided that that had taken too much and it was time for the "winner" to take a bigger share of the pie.A decision to integrate the world, bringing ...
Frozen in the North / Frozen in the North   |   Mon, 27 Jun 2016 15:51:00

Britain's divorce from EU could stiff students and colleges

British universities are working to calm frayed nerves among students and staff as they face extreme uncertainty about their post-Brexit future.
CNN   |   Mon, 27 Jun 2016 15:50:57

Donald Trump 'intellectually lazy'?

How will Donald Trump's controversial statements on Brexit impact his support? MSNBC's Jonathan Alter and Tamron Hall discuss.
MSNBC   |   Mon, 27 Jun 2016 15:50:44

Gold may be the biggest Brexit winner

Gold prices have soared this year and are now at 2-year highs following the Brexit vote. Some experts think gold will continue to shine -- and it could even return to the all-time highs above $1,900 an ounce from a few years ago.
CNN   |   Mon, 27 Jun 2016 15:50:41

UPDATE 1-EU sherpas agree no Brexit negotiations until Art. 50 invoked: French source

PARIS, June 27 (Reuters) - Envoys from other European Union countries agree Britain will not be able to hold Brexit negotiations until Article 50 is triggered, a French source said on Monday, a day...
Reuters   |   Mon, 27 Jun 2016 15:49:50

Scotland can't veto Brexit - but London may be unable to stop indyref2

'Nice knowing you.' GrAI As the general chaos around Brexit engulfed the UK one more dramatic headline emerged: "Scottish parliament could block Brexit." Nicola Sturgeon, Scotland's first minister, was asked in a BBC interview on Sunday June 26 whether her parliament might withhold the consent required to pass the UK ...
Nick McKerrell, Lecturer in Law, Glasgow Caledonian University / The Conversation   |   Mon, 27 Jun 2016 15:48:45

Brexit: Three questions for central bankers

Theo Leggett poses three questions that central bankers will have to answer in the wake of the UK's vote to leave the EU.
BBC   |   Mon, 27 Jun 2016 15:48:07

EU cannot continue as before after Brexit- Schaeuble

BERLIN, June 27 (Reuters) - The European Union cannot have a business as usual approach after Britain voted to leave the bloc, German Finance Minister Wolfgang Schaeuble said on Monday, adding that...
Reuters   |   Mon, 27 Jun 2016 15:47:57

Brexit Follow-Through

I've had some very surreal conversations about Brexit over the days since the unexpected vote to leave. One of the sane questions that I was asked was why the UK would delay invoking Article 50 to start the exit process, and the answer is obvious of course. France particularly is ...
springheel_jack / Tim Knight   |   Mon, 27 Jun 2016 15:47:22

Brexit and the Markets: Panic Is Over, But Reality Settles In

The shock of the U.K.'s vote to leave the European Union has worn off in the market, but traders are now confronted with the dizzy ramifications of the vote.
Paul Vigna / MoneyBeat   |   Mon, 27 Jun 2016 15:47:20

Brexit: Gibraltar in talks with Scotland to stay in EU

Gibraltar is in talks with Scotland about a plan to keep parts of the UK in the European Union, BBC Newsnight has learned.
BBC   |   Mon, 27 Jun 2016 15:47:00

ECB supports peripheral eurozone bonds from post-Brexit rout

The European Central Bank came out in force to buy peripheral eurozone government bonds on Friday, providing crucial support after the UK voted to exit the European Union in a referendum on Thursday.
IFR   |   Mon, 27 Jun 2016 15:46:00

Boris Johnson Appeals for Calm as Vote Roils British Politics

The former mayor of London, a potential successor to Prime Minister David Cameron, said that Britain “is part of Europe, and always will be.”
STEPHEN CASTLE and SEWELL CHAN / Sewell Chan   |   Mon, 27 Jun 2016 15:43:27

How the UK's exit benefits US REITs

U.S. REITs, and the real estate underlying them, are the power play for the anxious investor after Brexit.
CNBC   |   Mon, 27 Jun 2016 15:43:00

This may be the week that finally breaks the Labour Party

Brexit and its aftermath continues to wreak havoc on British politics. David Cameron's wreckless and unsuccessful gamble may eventually lead to the break-up of the United Kingdom but that is in the long term. In the short term, the failure of the Remain campaign, and Jeremy Corbyn's perceived culpability in ...
Charles Lees, Professor of Politics, University of Bath / The Conversation   |   Mon, 27 Jun 2016 15:41:47

EU bogeymen urge Greece to implement Reforms asap, as "patience is exhausted"

Whoever thought or hoped that the European Union would learn a lesson form the Brexit vote was wrong - me included. They keep repeating the same mantra as every year and scaremongering tactics against Greece. Speaking to Greek reporters in Brussels on Monday, two senior EU officials said that the ...
keeptalkinggreece / Keep Talking Greece   |   Mon, 27 Jun 2016 15:41:19

How Britons really feel about Brexit

Britain voted to leave the European Union in a referendum on Thursday. The decision prompted British Prime Minister David Cameron to announce his intention to resign and sent share prices tumbling. The decision is historic, but how do people in the UK feel? CNN asked a group of commentators, politicians ...
CNN   |   Mon, 27 Jun 2016 15:40:27

Overwhelmed by Here Are the Basics

A majority of Britons voted in a referendum to leave the European Union. Here’s a brief guide to what happened, what it means and what could happen next.
NIRAJ CHOKSHI, DANIEL VICTOR and SEWELL CHAN / NY Times   |   Mon, 27 Jun 2016 15:39:20

Jeremy Corbyn, Labour Leader, Faces Revolt After Brexit

Leader Jeremy Corbyn says he will not resign, unlike Conservative leader David Cameron.
Curt Mills / U.S. News   |   Mon, 27 Jun 2016 15:39:02

RBS slumps 25% as Brexit puts bank shares under severe strain

Stock drop took RBS back to 2009 levels, while shares in Barclays and Lloyds Banking Group also fell sharply Bank shares are under severe pressure after the Brexit vote, with bailed out Royal Bank of Scotland shedding a quarter of its stock market value at one point. The 25% slump ...
Jill Treanor / Guardian   |   Mon, 27 Jun 2016 15:38:51

Brexit dampens hopes for UK BtL flurry

Buy-to-let issuers could hold off from launching deals next month, after the UK shocked the market last week when it voted to quit the European Union.
IFR   |   Mon, 27 Jun 2016 15:38:00

U.K. Preparing Groundwork for 'Brexit,' Says Cameron

British Prime Minister David Cameron in his first address to Parliament since announcing his intention to resign said the government would begin implementing the decision to leave the European Union.
WSJ   |   Mon, 27 Jun 2016 15:36:33

Regarding political risk

You may be interested to learn that on this bright and pleasant Monday morning, the biggest story in South America is not Brexit, or the EU's trails, or the UK's political crisis, or the market's slump. It's that Leo Messi has announced he won't play for Argentina any more. And ...
IKN   |   Mon, 27 Jun 2016 15:36:00

10 Banks to Buy on Brexit

RBC's Gerard Cassidy and team argue that the selloff in U.S. banking stocks like JPMorgan Chase ( JPM ), Citigroup ( C ) and Bank of America ( BAC ) following the Brexit vote has created a "buying opportunity." They explain why:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 15:35:18

'Brexit' Effect Ripples Through Emerging Markets

Britain's vote to leave the European Union continued to hurt emerging markets, with currencies and stocks falling from South Africa to Poland as investors fled riskier assets.
WSJ   |   Mon, 27 Jun 2016 15:34:27

Germany Rules Out Informal Brexit Talks and Diplomacy

Radio Free Europe/Radio Liberty. Czech Republic.
Radio Free Europe/Radio Liberty. Czech Republic. / World Affairs   |   Mon, 27 Jun 2016 15:34:24

Oil Continues To Tumble Over Market Uncertainty

As the U.S. dollar flexes its muscles once again and broader markets adopt a decidedly risk-off stance, oil prices are charging lower amid unknowns surrounding last week's Brexit decision. Hark, here are five things to consider in oil and energy today. 1) Nigeria's Minister for Petroleum Resources has said output ...
Matt Smith / Oil Price   |   Mon, 27 Jun 2016 15:34:21

US Crude Continues to Drop on Brexit Turmoil

Financial markets across the globe remain in shock after the stunning news on Friday that the UK had voted to exit the European Union. The markets had bet that the Remain camp would narrowly win the day, and the opposite result sent stock markets tumbling on Friday. The historic decision ...
Kenny Fisher / OANDA   |   Mon, 27 Jun 2016 15:33:37

Scottish Parliament Cannot Block Brexit, Despite Indications

The Scotsman.
The Scotsman. / World Affairs   |   Mon, 27 Jun 2016 15:33:11

Soros Didn't Short The Pound Before Brexit Vote Despite Warnings

Billionaire investor George Soros is back in the investing game , and warned that the pound would suffer in a Brexit scenario. Given that one of his claims to fame is his successful short of the UK currency in the 1990s, Soros's warnings were widely covered in recent weeks. But ...
Teresa Rivas / Focus on Funds   |   Mon, 27 Jun 2016 15:33:06

Rome Mulls Capital Injection for Italian Banks After 'Brexit' Shock

The Italian government is considering a capital injection to boost the country's banking system after Italian lenders were hit by a sharp selloff in banking stocks Friday, triggered by Britain's vote to leave the European Union.
WSJ   |   Mon, 27 Jun 2016 15:32:11

Brexit: the big questions answered

The UK's decision's to leave the EU has ushered in an era of uncertainty
FT   |   Mon, 27 Jun 2016 15:31:31

Brexit was motivated by fear of foreigners. Now it'll get worse.

Though Brexit, the UK's decision whether to leave the European Union, is technically quite complicated, the Leave and Remain campaigns ensured that for most voters it was very simple. Basically, we Brits had to choose which one we liked least out of immigration and committing national economic suicide. As a ...
Abi Wilkinson / Vox   |   Mon, 27 Jun 2016 15:30:02

Brexit, twilight of globalization? Not quite, not yet

The Brexit vote has stunned us. It has shaken us. It has forced upon us a set of dreadful questions none of us ever wished answers were required for: How do you disarticulate deeply integrated economies? How do you prevent the rancor of the U.K.'s divorce from the EU wrecking ...
Mireya Solís / Brookings   |   Mon, 27 Jun 2016 15:30:00

Groundhog Day for Banks as Market Winter Extended

Brexit will once again delay a return to normalcy for American banks.
WSJ   |   Mon, 27 Jun 2016 15:29:36

Populism: Brexit, Matthew McConaughey, and Huddle House

Well, this is going to be the story about my populist adventure in the wake of the victory of the people over the experts in Great Britain.First, a comment or two about Leaving the EU. You know, there were good arguments on both sides. If I had been a British ...
Peter Augustine Lawler / National Review   |   Mon, 27 Jun 2016 15:29:00

CAMERON: 'There is now one government with one view'

Parliament must get on and implement the will of the British people as soon as possible, and there is no question of voiding the result of Britain's Brexit vote, outgoing prime minister David Cameron said in his first appearance in the House of Commons since resigning. There is now one ...
Will Martin / Business Insider   |   Mon, 27 Jun 2016 15:28:11

Dividend stocks to weather Brexit

JPMorgan told clients to brace for a possible correction in U.S. stocks.
CNBC   |   Mon, 27 Jun 2016 15:28:00

Gold miners rush to cash in on post-Brexit price pop

Three gold financings announced Monday morning despite the Brexit chaos
TIM KILADZE / Globe Investor Streetwise   |   Mon, 27 Jun 2016 15:27:33

PREVIEW: Can Ocado deliver reassurance as it releases interims?

Online grocer Ocado Group Plc (LON:OCDO) is among the few marks in the diary for Tuesday, the third trading day since the Brexit vote. Pressure from Amazon's entry to grocery delivery and concerns about the group's market valuation are among the issues that have weighed on the share, but, the ...
Proactive Investors   |   Mon, 27 Jun 2016 15:27:00

OPINION. Brexit: What Has to Happen Next.

The New Statesman. England.
The New Statesman. England. / World Affairs   |   Mon, 27 Jun 2016 15:26:37

Keep Calm and Carry On: Why The Angst Over Brexit?

James Carden Brexit is no more about Vladimir Putin than it is about Donald Trump or the Syria
James Carden / The Nation   |   Mon, 27 Jun 2016 15:26:20

Manpower downgraded on Brexit uncertainty; shares -22% in two days

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 15:26:15

BofA Predicts Record Low Bond Yields In Q3, Hopes Central Banks "Deploy Additional Easing"

And the hits keep on coming. Shortly after every bank slashed global growth forecasts (with markets to follow) following the Brexit outcome, which virtually every sellside strategist is confident will unleash a modest recession in the UK in 2017, moments ago Bank of America released its latest global macro forecast., ...
Zero Hedge   |   Mon, 27 Jun 2016 15:24:29

Trade consequences

German politicians consider a tough approach on Brexit as the leading German business association denies saying the UK would continue to have access to the single market.
BBC   |   Mon, 27 Jun 2016 15:23:54

UK in Political Turmoil after Brexit

EU Observer. Belgium.
EU Observer. Belgium. / World Affairs   |   Mon, 27 Jun 2016 15:23:14

National Referenda and the U.S. Constitution

One interesting aspect of the Brexit decision was that it involved a legally nonbinding referendum. The UK Parliament was not legally bound to follow the result, but nearly everyone accepts the result, with a statement like, the people have spoken ... The post National Referenda and the U.S. Constitution appeared ...
Online Library of Law and Liberty   |   Mon, 27 Jun 2016 15:21:44

Boris Johnson Makes Pornhub Debut Amid Brexit Result

A video of the mop-haired former London Mayor was uploaded to Pornhub, entitled 'Dumb British blond fucks 15 million people at once.'
Maoxian   |   Mon, 27 Jun 2016 15:21:35

Bank Shares Drop as Analysts Weigh 'Brexit' Impact

Shares in U.K. and European banks fell againMondayas their earlier plans to improve returns looked like pipe dreams afterThursday'svote by Britons to leave the European Union.
WSJ   |   Mon, 27 Jun 2016 15:21:30

This is one of the most insightful paragraphs I've read about Brexit

The evidence strongly suggests that Brexit, the UK's vote to exit the European Union, was motivated primarily by xenophobia. Immigration has surged in Britain in the past 20 years, owing partly to the EU policy that allows citizens of any EU country to live and work in any other EU ...
Zack Beauchamp / Vox   |   Mon, 27 Jun 2016 15:20:02

What the Democrats Must Learn About Free Trade Deals From Brexit

John Nichols Sanders and Clinton are right to oppose the TPP, and the Democratic Party should do the same.
John Nichols / The Nation   |   Mon, 27 Jun 2016 15:19:56

Robo Advisor Halted Trade During Brexit Storm

Fears about Brexit remain Monday, roiling markets once again as investors sell stocks and scurry to safety . Of course, it's expensive to sell stocks when everyone is panicking, as investors pay higher transaction costs when markets are extremely volatile. That's why Betterment , a roboadvisor launched in 2010 , ...
Teresa Rivas / Focus on Funds   |   Mon, 27 Jun 2016 15:18:52

Mervyn King: Treasury's exaggerated Brexit claims backfired

Mervyn King, the former Bank of England governor, has delivered his most stinging criticism of George Osborne and the Treasury over the Brexit campaign, saying they will need to row back from exaggerated claims that left him
Here Is The City   |   Mon, 27 Jun 2016 15:18:16

Brexit kills the value trade, buy 'Stable Growers' - RBC

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 15:16:54

Most oversold Brexit stocks

These are the most oversold stocks from the Brexit panic according to Kensho.
CNBC   |   Mon, 27 Jun 2016 15:13:00

European leaders scramble for a solution to 'Brexit' crisis

Germany is in no rush to enter into what will likely be a tortuous two-year process of severing Britain from the European Union, Chancellor Angela Merkel indicated Monday. But other EU countries want to get it over with as quickly as possible. Voters in Britain narrowly backed a decision last ...
Erik Kirschbaum / LA Times   |   Mon, 27 Jun 2016 15:11:00

Steelworkers urge government to address concerns over Tata sale

After vote for Brexit, Community union pushes for answers following fears that spooked bidders could walk away The steelworkers' union Community has urged the government to resolve "question marks" over the sale of Tata Steel's UK business in the light of the vote to leave the European Union. Related: Pound ...
Rob Davies / Guardian   |   Mon, 27 Jun 2016 15:10:51

Trade Gap Widens as Brexit Fallout Looms

U.S. trade is likely to be complicated in the months ahead by the U.K.'s split from the EU.
Andrew Soergel / U.S. News   |   Mon, 27 Jun 2016 15:10:00

ETFs Accounted for 31% of All Stock Trading During Friday's Swoon

Huge market tumbles stoke heavy trading in exchange-traded funds as traders unload and hedge core positions. Friday's post-Brexit market swoon prompted a surge in U.S. equity volume (including ETFs), though ETF volume as a proportion of the overall market didn't make the Top 10 record book, according to Sebastian Mercado, ...
Focus on Funds   |   Mon, 27 Jun 2016 15:08:47

Oil Tumbles Amid Bad News For Glut As US Offshore To Hit Record In 2017

WTI Crude has tumbled back to a $46 handle this morning (from over $50 on Friday) with Brexit volatility weighing on every asset class and Nigeria and Canada restart production (following rebel attacks and wildfires respectively) but as OilPrice.com's Charles Kennedy notes companies pumping oil from the Gulf of Mexico ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 15:08:16

Mark Blyth On Neoliberalism, Brexit, and the Global Revolt Against the One Percent and their Unelected Elites

"...a full 95% of the cash that went to Greece ran a trip through Greece and went straight back to creditors which in plain English is banks. So, public taxpayers money was pushed through Greece to basically bail out banks...So austerity becomes a side effect of a general policy of ...
Jesse / Jesse's Café Américain   |   Mon, 27 Jun 2016 15:08:00

Oil Drops in Post-'Brexit' Hangover

Oil prices fell with a stronger dollar and haven-seeking investors still pushing crude into a retreat after Friday's unexpected choice from U.K. voters to leave the European Union.
WSJ   |   Mon, 27 Jun 2016 15:07:53

London bankers after Brexit: Shock and fear for the future

London bankers are worried about their jobs and the future of their industry after the U.K. voted to leave the European Union.
CNN   |   Mon, 27 Jun 2016 15:07:01

Comcast: Stable Port in a Storm, Says Nomura; Cable Subs to Shine

As I mentioned earlier, Comcast ( CMCSA ) is an exception amidst today's post- Brexit selloff, rising 5 cents to $61.70, and that's thanks to an increase in price target by Nomura 's Anthony DiClemente , who reiterates a Buy rating, and raises his price target to $73 from $70, ...
Eric Savitz   |   Mon, 27 Jun 2016 15:05:56

Brexit: The Pound Will Survive, The Euro Will Not

Friday, June 24th will be remembered as a Black Day for the British Pound. On that day, investors, shocked by the "leave" vote for Brexit, pushed the Pound off a cliff, toward its worst daily loss since 1985. And yet, despite the Pound being at the eye of the storm ...
EconMatters / EconMatters Global   |   Mon, 27 Jun 2016 15:04:00

Brexit With A Vengeance

This week's Market Update takes a long look at the Brexit and it's fallout. I would add that markets appear to have not priced in this result based on the extreme moves in many asset prices including equities, currencies and income markets. It is of course the nature of markets ...
Roger Nusbaum / Random Roger   |   Mon, 27 Jun 2016 15:01:51

50 Stocks to Brighten the Post-Brexit Blues

RBC's Jonathan Golub and team argue that Brexit has killed the value trade --and urges investors to consider "Stable that have earnings growth, pay dividends, and low dispersion of analyst MasterCard ( MA ), Johnson & Johnson ( JNJ ), United Parcel Service ( UPS ), Verizon ( VZ ), ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 15:00:31

What does Brexit mean for those campaigning for Scottish independence?

The question of Scottish independence has taken centre stage in the public debate since the Brexit vote. England and Wales have voted to leave the EU, but Scotland and Northern Ireland have voted to remain. Together with this differing outcome, the absence of a post-referendum plan - and of any ...
Blog Admin / British Politics and Policy at LSE   |   Mon, 27 Jun 2016 15:00:04

'It's not that this, in and of itself, will completely destroy the international order'

Oh, thanks for letting us know. This Times piece on Brexit was notably alarmist, although it undercut itself by noting all the important institutions that Britain is part of -- and still will be. It's also absurd to suggest that Brexit means Britain no longer believes in alliances:Britain has been ...
National Review   |   Mon, 27 Jun 2016 14:59:49

Brexit exit: Cameron calls for close ties with EU

Prime Minister Cameron was expected to deliver 'Brexit' remarks later Monday.
USA Today   |   Mon, 27 Jun 2016 14:59:39

Brexit Can Still Impact Hardline Retailers. Here's How

Credit Suisse's Seth Sigman and his team take a look at hardline retailers Monday, a sector that has minimal direct exposure to Europe and as such should feel less Brexit pain. Still, Sigman warns that while investors may flock to these stocks because they aren't as exposed to Europe, that ...
Teresa Rivas / Stocks To Watch   |   Mon, 27 Jun 2016 14:58:53

Four Regional Banks Oversold on Brexit

Citizens Financial, Zions, SVB and Regions Financial endured steep sell-offs, making their valuations more attractive.
Barrons   |   Mon, 27 Jun 2016 14:57:20

Oil suffers as risk aversion intensifies

Brexit and broad financial turmoil risks economic slowdown in the US and Asia
FT   |   Mon, 27 Jun 2016 14:56:54

Breakdown of Taxes by Country

Right after my MCNBC hit, I leave the 3rd floor studios by elevator, and have a an interesting conversation with a Very Famous Person®. The VFP® is also a Trump supporter. He is amiable enough, and we chat Brexit (Trump's team is excited, they believe it bodes well for them ...
The Big Picture   |   Mon, 27 Jun 2016 14:53:30

PM Cameron says Brexit vote must be accepted, timing up to Britain

LONDON, June 27 (Reuters) - Prime Minister David Cameron said on Monday Britain's vote to leave the European Unions must be respected and that the decision on when to trigger the formal "Article 50"...
Reuters   |   Mon, 27 Jun 2016 14:53:23

Dow, off 310, slammed again on "Brexit Blues"

Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.
USA Today   |   Mon, 27 Jun 2016 14:52:39

Brazil cuts loan growth forecast, sees limited Brexit impact

BRASILIA, June 27 (Reuters) - Brazil's central bank expects commercial lenders to increase loan disbursements by 1 percent this year, the lowest in years.
Reuters   |   Mon, 27 Jun 2016 14:52:27

Cheapest Gas Prices in a Decade to Fuel Record July 4 Travel

Between a glut of cheap oil and now falling prices from Brexit, U.S. drivers have saved $20 billion on gasoline since the start of the year compared to 2015.
Alan Neuhauser / U.S. News   |   Mon, 27 Jun 2016 14:50:00

Hell is Scarsdale - and Alresford, England Apparently

The only good thing about this temper-tantrum of a piece is that the author reveals that he didn't manage to vote on Brexit:Brexit is the result of a deep nihilism among the British public. This nihilism has not just emerged recently; I've lived alongside it my whole life. This is ...
Rich Lowry / National Review   |   Mon, 27 Jun 2016 14:48:38

Did Stock Buybacks Already From A Record Level to a Halt in 2016?

It was just in the week of June 25, before the surprise of the Brexit news, that the market was told about record stock buybacks in the first quarter of 2016. Standard & Poor's showed that... Administrator coins
24/7 Wall St.   |   Mon, 27 Jun 2016 14:47:47

What Russian President Putin Says About 'Brexit'

Here's what Vladimir Putin had to say about the U.K. referendum to leave the European Union.
Kenneth Rapoza, Contributor / Forbes   |   Mon, 27 Jun 2016 14:47:00

Oil Prices Tumble After Brexit Shock Remains

Oil prices slid on Monday as market participants absorbed the shock of Britain's vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were down 76 cents at $47.65 a barrel by 1224 GMT. U.S. crude was ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 14:45:16

British Voters Knew the Risks of Brexit and Took Them

British voters were willing to risk leaving the EU in order to escape an unaccountable bureaucracy.
Ilan Berman / U.S. News   |   Mon, 27 Jun 2016 14:45:00

Encouraging Signs for Emerging Markets ETFs

Immediately following the stunning Brexit vote, emerging markets stocks and exchange traded funds may not be the first asset class investors are running to embrace, but there are some encouraging technical signs for ETFs such as the popular iShares MSCI Emerging Markets ETF (NYSEArca: EEM). Commodities prices are rebounding, in ...
Tom Lydon / ETF Trends   |   Mon, 27 Jun 2016 14:43:49

Financial Consequences of Brexit

London has fallen. Brexit was an financially stupid vote, insofar as the way the British economy functions. This post is about what happens to the British economy as currently constituted. The majority of British people who do not benefit from the current arrangements believed that they had nothing to lose. ...
Lee Sheppard, Contributor / Forbes   |   Mon, 27 Jun 2016 14:42:00

David Cameron: Brexit must be accepted

CNBC's Sara Eisen and Wilfred Frost report on comments by United Kingdom Prime Minister David Cameron Monday, on UK banks and the decision made by the voters to leave the European Union.
CNBC   |   Mon, 27 Jun 2016 14:41:00

Gold Hits 2 Year High After Brexit

Gold futures hovered at their best levels in about two years Monday in the wake of the U.K.'s historic and market-rattling decision to exit from the European Union. "Gold prices are higher and continue to get a safe-haven bid in early U.S. trading Monday, as world stock, currency and financial ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 14:40:10

Why Some Big Insurers Lack 'Brexit' Cover

Market volatility after the U.K. referendum to leave the EU threatens banks first, insurers and fund managers next.
WSJ   |   Mon, 27 Jun 2016 14:39:29

Post-Brexit slowdown fears hit holiday firms, builders and airlines

By Paul Sandle LONDON (Reuters) - Airlines, holiday companies and housebuilders joined British banks in bearing the brunt of Brexit-induced market turmoil on Monday, which analysts said reflected expectations Britain was headed for recession following its vote to leave the EU. The FTSE 250 index , which is more closely ...
Business Insider   |   Mon, 27 Jun 2016 14:39:24

Britain is getting exactly what it voted for - economic and political destruction

Britain is getting exactly what it voted for when it pipped for a Brexit. It is hurtling towards a recession and a fractured political landscape that seems irreparable at this point in time. This is not fear mongering. The warnings were laid out over and over again across a seemingly ...
Lianna Brinded / Business Insider   |   Mon, 27 Jun 2016 14:37:21

Why we should be looking at the FTSE 250 and not the FTSE 100 to gauge the impact of Brexit

Ben Wright / Telegraph   |   Mon, 27 Jun 2016 14:37:13

S&P 500 Plunges Below 2,000 Level, Biggest Drop Since August Crash

Well that escalated quickly... S&P Breaks below 2000... With the biggest 2 day drop since August crash... Nasdaq remains the worst hit since the Brexit vote...
Zero Hedge   |   Mon, 27 Jun 2016 14:36:09

Brexit Trend Is Real, Adopt Portfolio Strategy

Brexit Trend - Brexit wasn't a shock to Wall Street because the UK decided to leave the EU. There is a larger picture, a Bank of America Merrill Lynch research piece says, and it speaks to a societal trend. "The [...] The post Brexit Trend Is Real, Adopt Portfolio Strategy ...
Mark Melin / Value Walk   |   Mon, 27 Jun 2016 14:35:46

'Brexit' Sparks Political Turmoil Across U.K.

The political fallout from Britain's decision to leave the EU engulfed the main opposition Labour Party, as the firing of a senior figure and a wave of resignations underscored broad dissatisfaction with leader Jeremy Corbyn.
WSJ   |   Mon, 27 Jun 2016 14:34:56

Stocks slammed again, 'Brexit' fall-out continues: Dow off 280

Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.
USA Today   |   Mon, 27 Jun 2016 14:34:15

Mercatus Center Scholars Weigh in on Brexit

Expert Commentary Mercatus Center scholars weigh in on the United Kingdom's historic vote to leave the European Union, examining the impetus behind the vote and the potential future repercussions. Daniel Griswold appeared on C-SPAN to discuss the fallout from the United Kingdom's vote in favor of leaving the European Union. ...
Richard Williams, Scott Sumner, David Beckworth, Daniel Griswold / Mercatus   |   Mon, 27 Jun 2016 14:34:07

TREASURIES-U.S. 10-year yields hover at 4-year lows on Brexit fears

NEW YORK, June 27- The U.S. Treasury market rallied on Monday with benchmark yields hovering near four-year lows in a global scramble for safe-haven investments following Britain's stunning vote to leave the European Union. Investors dumped Wall Street and European stocks on worries about the global economic fallout after last ...
CNBC   |   Mon, 27 Jun 2016 14:34:00

Altria Can Keep Growing Profit, Taking Market Share: Stifel

While Brexit is shaking the market again Monday, Altria ( MO ) is rising, and Stifel thinks that will continue to be the case. Analyst Christopher Growe and his team reiterated a Buy rating and raised their target price on the stock to $71, to reflect their "continued optimism" about ...
Stocks To Watch   |   Mon, 27 Jun 2016 14:33:08

Major banks slash sterling outlook after Brexit vote

Several banking giants cut their near-term forecasts for sterling following the EU referendum.
CNBC   |   Mon, 27 Jun 2016 14:33:00

Brexit comment, trade, PMI services, Comments on CNBC article on Trump's plan

Still looks to me like the vote will have no material financial consequences? "The UK will have to renegotiate 80,000 pages of EU agreements, deciding those to be kept in UK law and those to jettison. British officials have said privately that nobody knows how long this would take, but ...
Center of the Universe   |   Mon, 27 Jun 2016 14:32:37

China's Mood is Lower After Brexit

China is less exposed to the impact of the referendum result than many other countries and yet the mood, when discussing Britain's forthcoming departure from the European Union, is pretty gloomy. Some Chinese may benefit in the short term. With the value of the pound dropping, tourists might find it ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 14:31:59

"The Trend is Set" -- And What You Should Pay Attention to Next

EWI's Steve Hochberg: "The Trend is Set" -- And What You Should Pay Attention to NextBy Elliott Wave InternationalSteve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday's Brexit vote. Learn what... Please click on the post title ...
EconMatters Global   |   Mon, 27 Jun 2016 14:31:00

UK PM Cameron To Tell Parliament "No Second Referendum" - Live Feed

In a much anticipated speech to The House of Commons, UK PM (for now) David Cameron is expected to tell his parliamentary peers that he and his cabinet agree there will be no second referendum as part of a formal statement on the Brexit vote. As Channel 4 reports, they ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 14:30:51

Brexit is Trumpism without Trump - and voters liked it

Donald Trump's rise to the Republican nomination for president has been so unorthodox that it's hard to figure out its long-term implications. But Britain's Thursday vote to leave the European Union provides strong evidence that Trump's rise will not prove to be just a flash in the pan. Some Americans ...
Vox   |   Mon, 27 Jun 2016 14:30:00

Is Brexit Good for Biotech? Maybe

As the aftershocks from Brexit continue to batter global stock markets, and the Dow down triple digits , RBC analyst Michael Yee makes an argument that Brexit could be good for biotech stocks.
Johanna Bennett / Stocks To Watch   |   Mon, 27 Jun 2016 14:29:45

Bracing for Brexit: How schemes should react

As the country comes to terms with last week's shocking Brexit vote, pension schemes face uncertain times ahead for their investments. They should respond cautiously and avoid kneejerk reactions, finds Stephanie Baxter.
Stephanie Baxter / Professional Pensions   |   Mon, 27 Jun 2016 14:28:13

Alcoa: Brexit Has Been Bad But Don't Forget the Earnings

Yes, Brexi t is getting all the attention, but we shouldn't forget that earnings season will get started in just two weeks when Alcoa ( AA ) reports on July 11. RBC's Fraser Phillips and Wen Tian offer their take:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 14:27:35

Could Fed Potentially Reverse Course and Cut Rates?

As the world grapples with the uncertainties following Friday's Brexit vote, questions have begun to emerge among investors as to whether the Federal Reserve may need to reverse its tightening plan and cut interest rates.
Min Zeng / MoneyBeat   |   Mon, 27 Jun 2016 14:27:15

UK Bank Shares Fall as Brexit Uncertainty Continues

Shares in UK banks plunged on Monday as fears over the fallout from Britain's decision to leave the European Union sparked earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about "Brexit" escalated despite calls for calm from British finance minister George Osborne following a weekend of political chaos in ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 14:26:56

Autodesk, Western, Qorvo Lead Declines on Day Two of Brexit Aftermath

It's another day of sharp sell-offs following a 4% decline in the Nasdaq Composite on Friday in the wake of the U.K.'s vote to exit the European Union. The Nasdaq is off 86 points, or 1.8%, at $4,621.26. Among losers, information technology is one of the worst sectors today, down ...
Tiernan Ray / Eric Savitz   |   Mon, 27 Jun 2016 14:26:52

Brexit Means That Barrick Gold Is Now A 'Conviction Buy' At Goldman Sachs

Last week's Brexit vote in the U.K. has prompted analysts at Goldman Sachs to get more bullish on gold and gold-miner stocks Barrick Gold ( ABX ) and Newmont Mining ( NEM ). Brexit means that Goldman now sees the the Federal Reserve holding off on an interest increase until ...
Chris Dieterich / Focus on Funds   |   Mon, 27 Jun 2016 14:26:44

Another Brexit winner: Bitcoin

Non-techies laughed at Bitcoin as a gimmick, but after the Brexit vote the cryptocurrency is making sense.
CNBC   |   Mon, 27 Jun 2016 14:26:00

DXY inter-markets: propped up by 'Brexit'

The US Dollar Index, which tracks the greenback vs. its main rivals, has seen its upside suddenly renewed following the decision by the UK to leave th
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 14:25:29

The Other Story About White America and Immigrants

For those of you who, like me, could use some encouragement in these days when Donald Trump and Brexit garner all the attention, James Fallows provides just what we need. But before we get to that, I have a bone to pick with either Fallows or his editors - whoever ...
Political Animal   |   Mon, 27 Jun 2016 14:25:27

UK can manage through: Jack Lew

CNBC's Steve Liesman speaks to Treasury Secretary Jack Lew, about potential economic headwinds after the Brexit vote.
Steve Liesman   |   Mon, 27 Jun 2016 14:25:00

Daniel Griswold Discusses the Brexit Vote on C-SPAN

Video Daniel Griswold talked about the fallout from the United Kingdom's vote in favor of leaving the European Union. Embed Code:
Daniel Griswold / Mercatus   |   Mon, 27 Jun 2016 14:24:34

Spanish Elections End in Another Stalemate After Brexit

The conservative Popular Party of Mariano Rajoy, Spain's caretaker prime minister, won the most votes in Spain's repeat national elections on Sunday, as the Socialists held off a challenge from the Podemos Party to remain the largest left-wing formation. The fragmented result, however, did not settle who will form the ...
Alfonso Esparza / OANDA   |   Mon, 27 Jun 2016 14:24:11

How is Brexit different than Texit, Quexit, or Scotxit?

Here's a news item: Emboldened by Brexit, U.S. secessionists in Texas are keen to adopt the campaign tactics used to sway the British vote for leaving the European Union and are demanding "Texit" comes next... . "The Texas Nationalist Movement is formally calling on the Texas governor to support a ...
Andrew / Statistical Modeling   |   Mon, 27 Jun 2016 14:24:10

China-UK 'golden era' at risk from Brexit

CNN   |   Mon, 27 Jun 2016 14:23:38

Credit Suisse Cuts McDonald's Target On Brexit, Choppy U.S. Sales

From apparel makers to industrial stocks , it seems that nothing is safe from Brexit's fallout , not even Happy Meals. Credit Suisse's Jason West and his team today reiterated an Outperform rating on McDonald's ( MCD ), but lowered their target price by $5, to $130, and also cut ...
Teresa Rivas / Stocks To Watch   |   Mon, 27 Jun 2016 14:22:38

US Banks Are Crashing

"Fortress balance sheets"? The Brexit contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%. This happens just two days after the Fed released its latest stress test ...
Zero Hedge   |   Mon, 27 Jun 2016 14:22:30

Soros: of the EU Practically Irreversible"

The anti-globalist secessionist movement has serious momentum and billionaire stock trader and backroom globalist agitator George Soros knows it. He recently took a large position in gold that profited handsomely from Brexit, and he writes today in an essay on the from his perspective, consequences of Brexit: Now the catastrophic ...
Robert Wenzel / Economic Policy Journal   |   Mon, 27 Jun 2016 14:22:00

Medtronic Moves to Acquire Heartware

Heartware International (NASDAQ: HTWR) is watching its shares absolutely skyrocket in Monday's session despite the huge market downturn from the Brexit. This surge is the result of Medtronic PLC... HTWR MDT 247chrislange health square image copy HTWR
24/7 Wall St.   |   Mon, 27 Jun 2016 14:21:19

Anti-Trump movement sending a prep team to Cleveland

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 6:27 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Christine Rushton / LA Times   |   Mon, 27 Jun 2016 14:21:00

EU sherpas agree no Brexit negotiations until Art. 50 invoked: French source

PARIS, June 27 (Reuters) - European Union envoys from its fellow countries have agreed Britain will not be able to hold any Brexit negotiations before Article 50 is triggered, a French source said on...
Reuters   |   Mon, 27 Jun 2016 14:20:55

Osborne can say what he likes. Uncertainty is here and poisoning our economy | Duncan Weldon

No amount of reassurances from the chancellor - nor even the arrival of a post-Brexit strategy - will prevent catastrophic cuts to investment The chancellor on Monday morning sought to reassure the markets with a hastily arranged press conference a few hours after dawn. Of course, the very fact that ...
Duncan Weldon / Guardian   |   Mon, 27 Jun 2016 14:20:37

Does Brexit leave the Kremlin smiling?

Amid the chaotic aftermath of the Brexit vote, with both the United Kingdom and Europe in turmoil, one world leader is widely seen as benefiting from the dramatic turn of events.
CNN   |   Mon, 27 Jun 2016 14:19:28

George Soros: I did not bet against the pound before Brexit

Marion Dakers / Telegraph   |   Mon, 27 Jun 2016 14:18:10

European banks rocked again

Banks in Europe saw their stocks fall for a second straight session as the U.K's historic vote last week weighed.
CNBC   |   Mon, 27 Jun 2016 14:18:00

Jefferies ponders financials to buy post-Brexit

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 14:16:42

7 Analyst Stock Picks Which Might Be Oversold on Brexit Fears, For Long-Term Value

After last Friday's 600+ point drop in the Dow, the reality is that the United States held up much better than Europe. Bank stocks were hammered and many European key stocks were down 10% to... ANF FCX KEY NKE SPN WMT Administrator buy sell stocks
Jon C. Ogg / 24/7 Wall St.   |   Mon, 27 Jun 2016 14:15:49

Barrick Gold: Brexit is a Gold Miner's Best Friend

For gold bugs, the Brexit vote has been mana from heaven . And for gold miners like Barrick Gold ( ABX ) and Newmont Mining ( NEM ), it's just what they needed to extend their recent advances. Goldman Sachs analyst Andrew Quail and team explain why:
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 14:15:46

Brexit and immigration: some questions that need answering

Shutterstock So, the UK has voted to leave the EU. Divorce proceedings will likely begin through the EU Treaty's Article 50 framework. But we know very little about how relations between Britain and its neighbours will evolve. And most noticeably, we know very little about what happens with regard to ...
Robert Ackrill, Professor of European Economics and Policy, Nottingham Trent University / The Conversation   |   Mon, 27 Jun 2016 14:13:05

Brexit has little impact on Brazil debt despite volatility -official

BRASILIA, June 27 (Reuters) - Britain's vote to leave the European Union has barely affected Brazilian debt abroad, but the country will wait until volatility subsides to sell bonds in international...
Reuters   |   Mon, 27 Jun 2016 14:11:59

European Markets Remain Pressured by 'Brexit'

The aftershocks of the U.K.'s vote to leave the European Union continued to ripple through financial markets, deepening a rout in stocks and sending the British pound to a three-decade low against the dollar.
WSJ   |   Mon, 27 Jun 2016 14:11:17

USD/CAD inter-markets: above 1.3100, should be eying 1.3200 May high

Brexit led global risk-aversion has been supportive for the safe-haven demand for the US Dollar and denting demand for commodity-linked, high yielding
Haresh Menghani / FX Street   |   Mon, 27 Jun 2016 14:11:08

Australia's Ruling Party Gains Edge in Poll After 'Brexit' Tumult

Australia's ruling conservatives have gained an edge over their Labor opponents ahead of July 2 elections, as the market turmoil from the U.K.'s decision to leave the EU focuses attention more closely on the economy.
WSJ   |   Mon, 27 Jun 2016 14:10:44

Stocks slammed again as 'Brexit' fall-out continues: Dow off 200+

Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.
USA Today   |   Mon, 27 Jun 2016 14:08:45

Mervyn King: Treasury's exaggerated Brexit claims backfired

Former Bank of England governor says Osborne needs to row back from forecasts made during EU referendum campaign The former Bank of England governor Lord King has delivered his most stinging criticism of George Osborne and the Treasury over the Brexit campaign, saying they will need to row back from ...
Phillip Inman Economics correspondent / Guardian   |   Mon, 27 Jun 2016 14:07:26

I'm not a viable running mate for Trump, Rubio says

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 6:27 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Christine Rushton / LA Times   |   Mon, 27 Jun 2016 14:07:00

European Bank Stocks Set For Worst Two-Day Performance Ever

European Bank Stocks Set For Worst Two-Day Performance Ever European bank stocks are set for their worst two-day loss ever in the post-Brexit fallout. In the UK, shares of Royal Bank of Scotland and Barclays both fell more than 10 [...] The post European Bank Stocks Set For Worst Two-Day ...
VW Staff / Value Walk   |   Mon, 27 Jun 2016 14:05:49

Brexit boosts calls for Australia to leave the Commonwealth

Telegraph   |   Mon, 27 Jun 2016 14:05:28

Cruise line operators slump further post-Brexit

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 14:04:39

Should the Brexit Vote Have Happened at All?

It's easy, in retrospect, to characterize David Cameron's decision to hold a referendum on Britain's EU membership as a colossal blunder, at least from the prime minister's perspective. The idea was reportedly conceived at a pizza restaurant at Chicago O'Hare airport, an inauspicious place to hatch plans of international consequence. ...
Uri Friedman / The Atlantic   |   Mon, 27 Jun 2016 14:04:30

Bank stocks hit again post Brexit

British banks hammered worst for second day amid uncertainty over U.K. vote to leave E.U.
USA Today   |   Mon, 27 Jun 2016 14:04:15

Brexit's First Victims Are Already Feeling The Pain

Universities have perhaps the most to lose from the U.K.'s decision to leave the European Union, and the impact of the result on higher education worldwide is likely to be felt for years to come.
Nick Morrison, Contributor / Forbes   |   Mon, 27 Jun 2016 14:04:00

The Day After: Dow Tumbles 224 Points as Brexit Aftershocks Shake Market

Does anyone remember that mini-series from 1983 called The Day After , which looked at the impact of a nuclear war with Russia ? My parents wouldn't let me watch it (I would have been ten at the time), but I still remember the stir it caused. With the way ...
Ben Levisohn / Stocks To Watch   |   Mon, 27 Jun 2016 14:02:30

Brexit: The questions for markets this week

Pivotal period begins in aftermath of Britain's decision to leave the EU
FT   |   Mon, 27 Jun 2016 14:00:48

Brexit exit: Tories expedite plan to replace Cameron

Prime Minister Cameron was expected to deliver 'Brexit' remarks later Monday.
USA Today   |   Mon, 27 Jun 2016 14:00:06

Trade deals the focus

Malcolm Turnbull and New Zealand Prime Minister John Key have held talks in the wake of the Brexit vote.
Austrailian   |   Mon, 27 Jun 2016 14:00:00

Tata bidders weigh up effect of Brexit

Weaker sterling will help steel exports but economic risks are substantial
FT   |   Mon, 27 Jun 2016 13:59:57

Brexit: Five changes to your finances

The UK's vote to leave the EU has had an immediate effect on some elements of our finances - but not all. Here's what has changed.
BBC   |   Mon, 27 Jun 2016 13:59:54

Brexit blues hit European currencies

Growth downgrades and risks over spread of uncertainty loom for central and eastern Europe
FT   |   Mon, 27 Jun 2016 13:58:43

UK bank shares plunge as Brexit spooks investors

By Sinead Cruise LONDON (Reuters) - Shares in UK banks plunged on Monday as fears over the fallout from Britain's decision to leave the European Union sparked earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about "Brexit" escalated despite calls for calm from British finance minister George Osborne following ...
Business Insider   |   Mon, 27 Jun 2016 13:58:30

South Korea's Brexit Example

Seoul's top diplomat pursues a new bilateral trade deal with London.
WSJ   |   Mon, 27 Jun 2016 13:58:26

Don't Let Brexit Drive Your Investment Strategy

Keep your emotions in check when making long-term investment decisions.
Jeff Rose / U.S. News   |   Mon, 27 Jun 2016 13:57:36

What to Expect From Wall Street's Brexit Swoon

Rocky days are ahead for the stock market, but some companies reporting earnings may surprise.
Kyle Woodley / U.S. News   |   Mon, 27 Jun 2016 13:57:32

Stocks slammed again as 'Brexit' fall-out continues: Dow down more than 200

Markets trade in risk-off mode as fallout from UK voting to leave the E.U. continues.
USA Today   |   Mon, 27 Jun 2016 13:56:20

Brexit: Impact On Sparkling Wine From England, France, And Italy

"Everything has changed but nothing has changed," said Andrew Weeber of Gusbourne winery in Appledore, Kent about last week's Brexit vote. Here's a look -- from the UK and across the Channel -- on how Brexit will affect sparkling wine.
Cathy Huyghe, Contributor / Forbes   |   Mon, 27 Jun 2016 13:56:00

Brexit trims wings of Europe's budget airlines

Possible tougher travel regulations, renegotiation of international agreements and fears of an economic downturn have led to Europe's two budget...
euronews   |   Mon, 27 Jun 2016 13:54:36

Friday's global equity loss worst ever

The $2.08tril wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
Here Is The City   |   Mon, 27 Jun 2016 13:53:06

UK Seeks Divorce, Rajoy Needs a Shotgun Marriage

The UK has decided to seek a divorce from the EU after a 43-year rocky marriage. It was not an overwhelming decision. Brexit won by 52%-48% margin, seemingly too small for such a momentous decision. The UK has not decided exactly when it will formally begin the divorce proceedings, and ...
Marc to Market   |   Mon, 27 Jun 2016 13:52:20

After 'Brexit' Vote, Europe's Leaders Debate Timing of Departure

Pressure abated on the U.K. to serve swift notice of its intention to leave the EU after last week's referendum, as senior European policy makers suggested Britain should be allowed time to rethink the decision.
WSJ   |   Mon, 27 Jun 2016 13:52:15

First signs Brexit will hit jobs - IoD poll

First signs Brexit will hit jobs.
Here Is The City   |   Mon, 27 Jun 2016 13:51:51

What will Brexit mean for the City?

Online protest-petitions aside, the people have spoken and the UK is now facing an exit from the European Union. What might this mean for the City, and Britain's businesses more broadly?
Here Is The City   |   Mon, 27 Jun 2016 13:49:49

After Brexit, US will need new 'BFF'

The U.K. has been America's closest ally, but Brexit changes everything. The US will be forced to find a new dance partner, says Philippe LeCorre.
CNBC   |   Mon, 27 Jun 2016 13:49:00

Swiss Banks' Shares Slide Further After 'Brexit' Vote

Switzerland's largest banks, already reeling from the strong franc, negative interest rates and strategic restructurings, saw the U.K.'s decision to leave the EU send their share prices falling sharply again.
WSJ   |   Mon, 27 Jun 2016 13:48:13

John Oliver skewers UK politicians after Brexit vote

John Oliver was exceptionally exasperated with the United Kingdom's politicians in the wake of the so-called Brexit vote last week. Following the UK's vote to leave the European Union, the "Last Week Tonight" host took aim at Prime Minister David Cameron, UK Independence Party leader Nigel Farage, and former London ...
Bob Bryan / Business Insider   |   Mon, 27 Jun 2016 13:47:39

Why British Stocks Won't Recover from Brexit Anytime Soon

London's FTSE 100 opened down 9% at the open after the news of Brexit hit the wires. By the end of day, the UK market had bounced 6%, making day traders and volatility speculators very happy but... 247wallst London, England, Honor Guard
Douglas A. McIntyre / 24/7 Wall St.   |   Mon, 27 Jun 2016 13:47:02

UPDATE 1-UK bank shares plunge as Brexit spooks investors

LONDON, June 27- Shares in UK banks plunged on Monday as fears over the fallout from Britain's decision to leave the European Union sparked earnings downgrades and sell-offs by shell-shocked investors. The drop in state-controlled RBS has lost the UK Treasury around 8 billion pounds in the last two market ...
CNBC   |   Mon, 27 Jun 2016 13:47:00

A.M. Funds Roundup: Worries Bremain

Links to the best reading in funds investing: Dang: George Soros was "long" the sterling before its epic collapse - Francine Lacqua and Sree Vidya Bhaktavatsalam, Bloomberg A rundown of Brexit-related hedge fund performances - Lawrence Delevingne and Svea Herbst-Bayliss, Reuters A look at what the asset managers are thinking ...
Focus on Funds   |   Mon, 27 Jun 2016 13:45:34

Charles Schwab Swept Up In Brexit Chaos

Seeking Alpha   |   Mon, 27 Jun 2016 13:45:32

S&P 500 Breaks Below Key Technical Support, Dow Nears 1000-Point Plunge

For the first time since March, the S&P 500 has tumbled below its 200-day moving average; the last two times it broke this trend, things escalated very quickly. The cash S&P index is now down 100 points from pre-Brexit euphoria but Dow futures are down almost 1000 points from the ...
Zero Hedge   |   Mon, 27 Jun 2016 13:45:23

Brexit vote sees European cities lobby for London business

That didn't take long.
Here Is The City   |   Mon, 27 Jun 2016 13:45:19

JPMorgan upgrades HSBC, cuts Lloyds, RBS, Barclays post-Brexit

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 13:44:48

Steven Cohen's firm on track for expansion despite Brexit

Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen's wealth, reassured employees that its planned expansion to London remained on track, despite Britain's decision to leave the European Union.
Here Is The City   |   Mon, 27 Jun 2016 13:44:11

Brexit: what Europe must do to avoid losing more member states

A few years ago, the European Commission's London office felt compelled to publish an A to Z of euro myths. There was an entry on eurocrats and an attempt to explain the EU's reputation for being tyrannical about small fruit. The blog also reassured the people of Britain that the ...
Simona Guerra, Senior Lecturer in Politics, University of Leicester / The Conversation   |   Mon, 27 Jun 2016 13:43:35

Daily Digest 6/27 - How American Politics Went Insane, The Solar System's Most Livable Places

Judge Says FBI Can Hack Computers Without A Warrant Because Computer Users Get Hacked All The Time How American Politics Went Insane Central Banks Worry About Engaging World Markets After 'Brexit' Brexit May Well Never Happen Voters in one fading port town wonder if they were misled about Brexit World ...
Chris Martenson   |   Mon, 27 Jun 2016 13:43:28

Boris Johnson Appeals for Calm as Vote Roils British Politics

The former mayor of London, a potential successor to Prime Minister David Cameron, said that Britain “is part of Europe, and always will be.”
STEPHEN CASTLE and SEWELL CHAN / NY Times   |   Mon, 27 Jun 2016 13:42:10

Everything You Need To Know About The 'Brexit'

NYSE:FXI NYSE:ASHR NYSE:EEM NYSE:VWO The Decision: Depart From The EU how investors, traders and strategists were thinking about the vote in recent weeks. Shutterstock What's The 'Brexit' Anyway? Britain is holding a referendum on June 23 to decide whether it should stay or leave the European Union.A referendum is a ...
Kenneth Rapoza, Contributor / Forbes   |   Mon, 27 Jun 2016 13:42:00

The Post-Brexit Blues

Friday was obviously a very dramatic day on Wall Street. Stocks plunged and bonds soared. Gold rallied to a two-year high and the 10-year yield [...]
Eddy Elfenbein / Eddy Elfenbein   |   Mon, 27 Jun 2016 13:40:45

'Brexit' creates a headwind for U.S. economy, not a financial crisis, Treasury's Lew says

Britain's vote to leave the European Union is a headwind for the U.S. economy but should not trigger another financial crisis, Treasury Secretary Jacob J. Lew said Monday. "The U.S. economy is doing pretty well. It's performing in a stable, steady way even though there have been substantial headwinds,"...
Jim Puzzanghera / LA Times   |   Mon, 27 Jun 2016 13:40:00

John Oliver's glorious rant in response to Brexit

Shortly before the United Kingdom voted to leave the European Union last Thursday, two of the country's leading supporters of Brexit - Boris Johnson, the Conservative former mayor of London, and Nigel Farage, leader of the far-right UK Independence Party - argued that the vote could turn June 23 into ...
German Lopez / Vox   |   Mon, 27 Jun 2016 13:39:49

Ex-JPMorgan Strategist: Euro Collapse Will Fuel Bitcoin's Growth

The owner of a bitcoin investment fund is arguing investors should begin preparing for the "death of the euro" following last week's 'Brexit'.
Pete Rizzo / CoinDesk   |   Mon, 27 Jun 2016 13:38:04

CANADA FX DEBT-C$ weakens slightly as Brexit shockwaves weigh

* Canadian dollar at C$1.3018, or 76.82 U.S. cents * Bond prices higher across the maturity curve TORONTO, June 27 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on...
Reuters   |   Mon, 27 Jun 2016 13:37:44

Three Less Obvious Opportunities In Response To Brexit

43 years since joining the European Community in 1973, what would later become the European Union, the voters in the United Kingdom have finally voted to leave. Plenty has been written about where... LNKD MSFT ORCL 247wallst PRINCE CHARLES REACTS TO BAD WEATHER IN SCOTLAND
Douglas A. McIntyre / 24/7 Wall St.   |   Mon, 27 Jun 2016 13:35:08

Tech Investor 'Won't Change Approach'To British Startups After Brexit

Index Ventures partner Martin Mignot says the U.K. has always been a pro-market country and 'a single vote won't change that.'
Parmy Olson, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 13:35:00

Dow slide continues amid Brexit fallout

Financial markets continue to trade in a risk-off mode as the fallout from Britain voting to leave the E.U. continues to ripple through markets.
USA Today   |   Mon, 27 Jun 2016 13:34:50

Morgan Stanley's Brexit buys

These stocks to buy on a pullback are the least exposed to a potential European economic crisis, Morgan Stanley says.
CNBC   |   Mon, 27 Jun 2016 13:33:00

'Brexit''s Impact on Global Economy Depends on Leaders

Britain's vote to leave the European Union casts a shadow over the global economy. How deep a shadow depends on how the rest of the world responds, which will be driven by politics, not economics, Greg Ip writes.
WSJ   |   Mon, 27 Jun 2016 13:32:00

Will London remain a financial powerhouse?

Barry Ritholtz, founder of Ritholtz Wealth Management, and MSNBC's Olivia Sterns elaborate on the current climate of the stock market and what the future of the market could look like following the 'Brexit' news.
MSNBC   |   Mon, 27 Jun 2016 13:28:45

Brexit and austerity: they're connected

As I discuss in today's WaPo, Brexit was a function of many factors: -PM David Cameron's reckless, opportunistic political gambit: calling for the referendum back in 2013 to assuage his far right Euro-skeptics in time for the upcoming election. -Strong anti-immigration and anti-globalization sentiments. The unleashed xenophobia, surely linked to ...
Jared Bernstein / Jared Bernstein   |   Mon, 27 Jun 2016 13:26:47

NZD/USD - New Zealand Dollar Lower, Despite Stellar Trade Balance

The New Zealand dollar has posted considerable gains on Monday, trading above the 0.72 level early in North American session. The markets are nervously keeping tabs as Britons votes in the Brexit referendum. There are no New Zealand releases on Thursday. Over in the US, today's key event is Unemployment ...
OANDA   |   Mon, 27 Jun 2016 13:26:42

Three reasons why young people can feel positive after Brexit

Katie Morley / Telegraph   |   Mon, 27 Jun 2016 13:24:36

Obama: Brexit won't derail relationships

Britain's exit of the EU will not divide the partnership between American and the EU, Obama said.
CNBC   |   Mon, 27 Jun 2016 13:24:00

Airlines Hammered Following Brexit Vote

U.S. airline stocks have taken two solid hits to share prices in the past two weeks. First the horrific killings in an Orlando, Florida, nightclub and then the unexpected vote that could lead to... AAL ALK DAL JBLU UAL 247paul passenger cabin
Paul Ausick / 24/7 Wall St.   |   Mon, 27 Jun 2016 13:23:03

Biotech Forum Daily Digest: Biotech Tumbles On Brexit Vote, Spotlight On Agios Pharmaceuticals

Seeking Alpha   |   Mon, 27 Jun 2016 13:22:24

Brexit To Hurt VW And Gap, But Not Walmart

24/7 Wall St. looked at major winners and loses at the effect of Brexit hits the U.K. and EU. VW and Gap (NYSE: GPS) have large sales and financial exposure. Walmart (NYSE: WMT) has almost none. The... GPS VZ WMT 247wallst Flag of Great Britain GPS WMT
Douglas A. McIntyre / 24/7 Wall St.   |   Mon, 27 Jun 2016 13:21:19

Yellen Panel With Carney Called Off After 'Brexit' Vote

A heavyweight debate in Portugal featuring Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney has been canceled in the wake of Britain's historic decision to exit the European Union.
WSJ   |   Mon, 27 Jun 2016 13:20:38

Forget About Brexit, Here Are Three Ways To Close The 401(k) Gap

There's a huge gap between what we need to save and what we put away for retirement. Here are three ways to close the gap.
John Wasik, Contributor / Forbes   |   Mon, 27 Jun 2016 13:19:00

Spanish Stock Market Shows Nobody Can Escape Brexit Gloom

In the post-Brexit world, even good news is not good enough for markets. In Spain, a jump in the stock market early Monday, following the weekend's general election quickly turned into a sweep fall. The main Spanish index, the Ibex 35, started the day powering ahead and rising by more ...
Jon Sindreu / MoneyBeat   |   Mon, 27 Jun 2016 13:18:52

Another day of Brexit losses ahead for telecom

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 13:18:35

How Brexit Will Affect American Consumers

Will Brexit affect Americans? The decision by British voters to divorce Great Britain from the European Union has set off a chain reaction that has the potential to disrupt the global economy. Americans are rightly asking what the fallout will be here. Among other questions, folks want to know...[visit GET.com ...
Eric Bank / Daily Markets   |   Mon, 27 Jun 2016 13:18:17

Henry VIII and Brexit

Henry VIII (the right-wing of the Tory party) wanted to divorce his first wife (the EU) and marry Anne Boleyn (stop immigration and transfer payments to the EU ) but the Catholic Church (Angela Merkel) would not let him. So, he renounced Catholicism and became a Protestant, a new form ...
Sandeep Baliga / Cheap Talk   |   Mon, 27 Jun 2016 13:16:45

6 Financials That Are Still Getting Nailed By the Brexit Vote

The market reaction to the British vote to leave the European Union has been catastrophic, not just in the U.S. markets but globally everything has pulled back. Perhaps the hardest hit sectors were... BCS CS DB ING RBS UBS 247chrislange burning cash
247chrislange / 24/7 Wall St.   |   Mon, 27 Jun 2016 13:11:45

UPDATE 1-Merkel rejects informal Brexit talks before official UK application to leave

BERLIN, June 27 (Reuters) - German Chancellor Angela Merkel said on Monday she did not want to pressure Britain to slow or accelerate its exit from the European Union but she also made clear that...
Reuters   |   Mon, 27 Jun 2016 13:10:50

Brexit Tax Benefits Definitely Not A Reason To Buy Tesla

Seeking Alpha   |   Mon, 27 Jun 2016 13:10:15

Watch: John Oliver Warns Darkly that Brexit Vote Shows Trump Could Win With Uninformed Electorate

Morning after Googling won't work. "There are no f*cking do-overs!" In case you were wondering after the earth-shattering Brexit vote how the U.K. could have voted for a decision yielding such catastrophic economic results, it turns out that many didn't even look into what they were voting for before hitting ...
AlterNet   |   Mon, 27 Jun 2016 13:10:00

Goldman Cuts Its Government Bond Yield Forecasts

Poor Goldman just can't get anything right these days. Having started off 2016 with euphoric optimism, predicting a soaring dollar and at least 4 rate cuts not to mention a blistering recovery, following a series of hits to the US economy and culminating with the Brexit vote, which as we ...
Zero Hedge   |   Mon, 27 Jun 2016 13:09:52

Stock Market Update: The Fallout From Brexit

The UK voted to leave the European Union on Thursday which has resulted in turmoil in the global financial markets. Although the outcome of the Brexit vote was seen as close,... The post Stock Market Update: The Fallout From Brexit appeared first on See It Market .
Willie Delwiche / See It Market   |   Mon, 27 Jun 2016 13:09:30

What Will the Brexit Mean for Europe's Clean Energy Future?

With the United Kingdom's referendum gone to vote, the decision to "Brexit" has come at a critical time. The UK's debate to leave the European Union is heavily rooted in history, with popular consensus at about an even split. While issues such as immigration, economics and institutional reform are at ...
REN   |   Mon, 27 Jun 2016 13:08:00

Senate OKs post-Brexit majority resolution (2)

Rome, June 27 - The Senate on Monday approved a majority resolution after Premier Matteo Renzi reported to parliament on the Brexit. The motion gives the government a mandate to activate Article 50 of the Lisbon Treaty after a majority of Britons voted to withdraw from the European Union last ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 13:06:00

AUD/USD - Aussie Under Pressure as Brexit Vote Weighs

The Australian dollar has posted slight losses on Monday following sharp losses in the Friday session. AUD/USD is trading at the 0.74 line at early in the North American session. The Aussie lost close to a hundred points to end the week after the stunning Brexit vote in the UK. ...
Kenny Fisher / OANDA   |   Mon, 27 Jun 2016 13:04:56

Timmy having fun elsewhere

Absurd But It Works - Ensure EU Single Market Access Post-Brexit With Export Taxes read more
Tim Worstall   |   Mon, 27 Jun 2016 13:04:43

I do not believe Brexit will happen

There will be howls of rage, but why should extremists on both sides dictate how the story ends?
FT   |   Mon, 27 Jun 2016 13:04:15

5 Things to Watch on the U.S. Economic Calendar

Days after Brexit shook global financial markets, investors will be paying close attention to the underlying strength of the U.S. economy. The week offers a big dose of economic updates on manufacturing, inflation, the car and housing markets, and GDP.
MoneyBeat   |   Mon, 27 Jun 2016 13:02:17

Absurd But It Works - Ensure EU Single Market Access Post-Brexit With Export Taxes

From the conventional viewpoint this is an entirely absurd proposal of a method to ensure continued British access to the European Union's Single Market post-Brexit. Certainly it would not pass any political test at all of reasonableness nor possibility. However, in an economic sense this does in fact make perfect ...
Tim Worstall, Contributor / Forbes   |   Mon, 27 Jun 2016 13:01:00

On deck this week

Mon: How is Brexit different than Texit, Quexit, or Scotxit? Tues: Should this paper in Psychological Science be retracted? The data do not conclusively demonstrate the claim, nor do they provide strong evidence in favor. The data are, however, consistent with the claim (as well as being consistent with no ...
Statistical Modeling   |   Mon, 27 Jun 2016 13:00:53

McConnell Won't Say Whether Donald Trump is Qualified To Be President, Spain Elections Lead to Second Hung Parliament in Six Months, Chile Beats Argentina: A.M. Links

Some media outlets are pushing poll results that show a huge lead for Hillary Clinton but look different when Gary Johnson is included. Senate Majority Leader Mitch McConnell (R-Ky.) won't say whether he thinks Donald Trump is qualified to be president, while Rolling Stone used Brexit to imply people shouldn't ...
Hit & Run   |   Mon, 27 Jun 2016 13:00:00

Brexit: FTSE 250 bears the brunt

The UK's index is hit hard after a long run of outperformance
FT   |   Mon, 27 Jun 2016 12:58:09

McDonald's bull cuts PT post-Brexit

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 12:57:19

6 Dividend Growers Now Even Cheaper After Brexit

6 Dividend Growers Now Even Cheaper After Brexit Bank of America and Starbucks, among others, are attractively valued and reliably raising their dividends.6 Dividend Growers Now Even Cheaper After Brexit Bank of America and Starbucks, among others, are attractively valued and reliably raising their dividends.
Barrons   |   Mon, 27 Jun 2016 12:53:46

Brexit Drives Gold Frenzy

Markets Blindsided by Brexit The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. He should have known... (the cartoon shows a list of polls of "Dewey wins by landslide" or "Trump will never ...
Keith Weiner / Acting Man   |   Mon, 27 Jun 2016 12:53:37

Morning Movers: Barrick Gold Jumps on Upgrades; Carnival Tumbles

Stocks continue their post-Brexit slump as investors continue to flee the market. European Pressphoto Agency S&P 500 futures have declined 0.7%, while Dow Jones Industrial Average futures have fallen 0.7%. Nasdaq Composite futures have dropped 0.8%. Medtronic (MDT) has dropped 1.7% to $81.81 after agreeing to pay a 95% premium ...
Stocks To Watch   |   Mon, 27 Jun 2016 12:51:17

Winners and Losers of the Brexit Vote

Winners and Losers of the Brexit Vote It's a bad day for multi-country trade pacts, Brussels bureaucrats, British pollsters, and the status quo.Winners and Losers of the Brexit Vote It's a bad day for multi-country trade pacts, Brussels bureaucrats, British pollsters, and the status quo.
Barrons   |   Mon, 27 Jun 2016 12:51:03

Don't panic, the Brexit shock is not as bad as it looks

The surprise (to many) vote by the UK to leave the European Union on Thursday sent markets into a tizzy. Stocks sunk like a stone, currencies went wild, and gold soared. Despite the wild response on Wall Street, John Stoltzfus at Oppenheimer pointed out that the moves in the stock ...
Bob Bryan / Money Game   |   Mon, 27 Jun 2016 12:50:21

Post-Brexit: Blackmailing Central Banks Comes Next

Thanks to Brexit, EU nations will threaten to leave the union, argues Thomas Peterffy. Plus, "anger trades."
Barrons   |   Mon, 27 Jun 2016 12:50:19

Maintaining a Moral Compass in a Globalized World

Brexit and the rise of nativism threaten more than just individual states.
Political Animal   |   Mon, 27 Jun 2016 12:48:20

Convention Buildup; Trump and Brexit; Dems and Guns; a Cataclysmic Decision

Good morning, it's Monday, June 27, 2016. Seventy-six years ago today, Franklin D. Roosevelt officially committed the United States to the task of building an atom bomb. This presidential action came in the form of a classified directive creating the National Defense Research Committee, an innocuous-sounding addition to the Council ...
Real Clear Politics   |   Mon, 27 Jun 2016 12:47:25

British Banks Get The Worse Of The Brexit Stock Fallout

Barclays and RBS continue to shed value as traders sort out the consequences of the Brexit vote.
Steve Schaefer, Forbes Staff / Forbes   |   Mon, 27 Jun 2016 12:47:00

Banks hit seven-year low, FTSE slumps again after Brexit vote

Britain's top share index fell again as Britain struggled with political and economic uncertainty after last week's vote to leave the European Union. Banks, housebuilders and budget airline easyJet were hit hard. Some investors took refuge in companies producing gold, a safe-haven asset, with Fresnillo surging 9 percent to a ...
Times of Malta   |   Mon, 27 Jun 2016 12:46:00

'Go home': Hate crimes against minorities grow after 'Brexit'

London mayor, fearing hate crime increase after referendum, calls for heightened police alert.
USA Today   |   Mon, 27 Jun 2016 12:44:34

Top Analyst Upgrades and Downgrades: Alexion, Barrick Gold, Barclays, Coeur Mining, GW Pharma, SE, AGCO, HSBC, RBS and Many More

Things might have felt bad on Friday's post-Brexit surprise, but the Dow's drop of 610 points, a drop of 3.4%, was mild compared to European markets where many of the key stocks were down... ABX AGCO ALXN BCS CDE DB HLS HSBC IAG IVZ MAN RBS RMD SE SWKS Administrator ...
24/7 Wall St.   |   Mon, 27 Jun 2016 12:44:00

Brexit, Energy And The Wisdom Of 'Experts'

Disdain for expert opinion shown by many voting in favor of Brexit partly represents a response to the many errors made by the apparent experts (and intellectual elites), including decision-making in energy.
Michael Lynch, Contributor / Forbes   |   Mon, 27 Jun 2016 12:42:00

Five ways Brexit could affect consumers

Household electricity bills could be cheaper but fall in sterling will increase costs in other areas
FT   |   Mon, 27 Jun 2016 12:40:10

Former Scottish leader predicts country will leave U.K.

Many believe a second independence referendum is likely after 'Brexit' vote.
USA Today   |   Mon, 27 Jun 2016 12:38:14

Why "Brexit" Might Be Bad News For Tata Motors?

Tata Motors' fears of a significant loss in the revenues of its subsidiary Jaguar Land Rover, in the event of Britain's exit from the European Union have been realized. The company had estimated a revenue decrease of nearly $ 1.37 billion (1 billion pounds) in this event, which is now ...
Trefis Team, Contributor / Forbes   |   Mon, 27 Jun 2016 12:38:00

Brexit: The Latest Catch-All Excuse for Everyday Problems

Companies are quickly issuing post-Brexit profit warnings-a helpful cover for companies' more mundane troubles.
WSJ   |   Mon, 27 Jun 2016 12:36:26

Brexit a vote against overbearing bureaucracy: Larry Lindsey

Larry Lindsey, The Lindsey Group CEO, discusses the outlook for big banks in a low-rate environment and shares his thought on why the leave campaign won.
CNBC   |   Mon, 27 Jun 2016 12:36:00

Brexit vote hashtags take over social media

After the Brexit vote took place last Thursday, social media became flooded with hashtags
USA Today   |   Mon, 27 Jun 2016 12:35:31

Brexit vote result bolsters case for CETA, trade lawyers say: 'Quite optimistic about this'

Ratification of the deal would give the EU a way to tell the rest of the world that the continent is not mired in turmoil
Drew Hasselback / Financial Post   |   Mon, 27 Jun 2016 12:34:06

Brexit's silver lining: Larry Lindsey

This is not the end of the world, says Larry Lindsey, The Lindsey Group CEO, weighing in on what Britain's decision to leave the EU means for the U.S. economy and the Fed's next rate decision.
CNBC   |   Mon, 27 Jun 2016 12:34:00

Sterling slides as Brexit alarm spreads

Britain battled to stop worldwide Brexit alarm on June 27 as sterling crumbled to a three-decade low against the dollar, while bank, airline and property shares plummeted
Hurriyet   |   Mon, 27 Jun 2016 12:33:00

Why Brexit Really Is a Big Deal for the U.S. Economy

We're locked in a cycle of diminishing trust and diminishing economic returns - and things are only getting worse
Rana Foroohar / Time   |   Mon, 27 Jun 2016 12:31:17

10 Monday AM Reads

Welcome back to the fun house - start your post-Brexit week right with the finest morning train reads in the land: • Is Your Portfolio Getting Enough Sleep? (bps and pieces) • The Boomer Legacy: An Economic Mess (Above the Market) • "Private equity is threatening public safety" When You ...
The Big Picture   |   Mon, 27 Jun 2016 12:30:46

Understanding Brexit's Security Implications

Britain's leaving is a big deal for the European Union, but not for Britain's security-or America's.
John R. Schindler / NY Observer   |   Mon, 27 Jun 2016 12:30:14

This is 'economic madness' for the UK

CNBC's Dominic Chu discusses the economic impact of the Brexit vote. The Financial Times' Gillian Tett also joins the discussion.
MSNBC   |   Mon, 27 Jun 2016 12:30:03

I'm not slowing nor speeding London's Brexit application -Merkel

BERLIN, June 27 (Reuters) - German Chancellor Angela Merkel said on Monday that she was neither putting her foot on the brake nor on the accelerator when it comes to Britain invoking Article 50 of...
Reuters   |   Mon, 27 Jun 2016 12:29:38

India accentuates the positive on Brexit

Lawmakers and business look to bilateral deal to boost trade
FT   |   Mon, 27 Jun 2016 12:26:21

Welcome to the 'Brangover' (USD, GBPUSD)

Good morning! On Monday morning here in New York markets are still digesting the news out late last week that the UK has voted to leave the European Union. As was the case on Friday, stocks are sliding, the British pounding is tumbling, and gold is rallying. And since no ...
Business Insider   |   Mon, 27 Jun 2016 12:25:32

Gold Higher As Safe-Haven Demand Still Keen, Post-Brexit Vote

(Kitco News) - Gold prices are higher and continue to get a safe-haven bid in early U.S. trading Monday, as world stock, currency and financial markets are still on shaky ground. August Comex gold was last up $13.60 an ounce at $1,335.90. July Comex silver was last up $0.081 at ...
Kitco News, Contributor / Forbes   |   Mon, 27 Jun 2016 12:25:00

British finance minister breaks Brexit silence and markets shrug

British Finance Minister George Osborne looked nervous and less assured on Monday morning when he broke his post-Brexit silence to calm the markets....
euronews   |   Mon, 27 Jun 2016 12:22:34

Brexit Vote Creates Opportunities For REIT Investors To Exploit

Seeking Alpha   |   Mon, 27 Jun 2016 12:22:13

Brexit Inspires US Separatists, Top Aide Defends Trump's Improvisation, And The Daily Reality Of Terror

Check out Monday's newsletter! Read More
TPM   |   Mon, 27 Jun 2016 12:21:59

Key Events In The Coming Week: All About Brexit

With global markets gyrating on every piece of news surrounding the Brexit drama, what's the timetable for UK-related (and all other macro) events this week and beyond? For starters we should hear from David Cameron this morning who is scheduled to address Parliament, which follows a statement by Chancellor George ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 12:20:18

USD/JPY - Yen Gains Continue on Brexit Aftershock

USD/JPY has posted losses on Monday, continuing the downward trend which marked the Friday session. The pair is trading slightly below the 102 level. The yen posted strong gains to end the week after the stunning Brexit vote in the UK. On the release front, it's a very quiet start ...
Kenny Fisher / OANDA   |   Mon, 27 Jun 2016 12:19:12

Brexit chaos causes sterling to tumble

So four days on and the fallout from Brexit continues to swirl and what have we learnt? Rather than be any clearer on what will happen next, politically and financially, if anything, the quagmire appears to have deepened. The pound was expected to fall on Friday but this morning it ...
Proactive Investors   |   Mon, 27 Jun 2016 12:19:00

Brexit: What'll happen to North Sea oil?

The oil industry is set for fresh uncertainty as Scottish politicians call for an independence referendum after the EU referendum.
CNBC   |   Mon, 27 Jun 2016 12:18:00

Put heads down and carry on after Brexit-FCA's Marchionne (2)

Bergamo, June 27 - Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne called for calm on Monday after Britain voted to leave the European Union. "Cold blood, head down and carry on," Marchionne said at the presentation of the Fiat 500 Riva. "We don't like the (outcome of) the vote, but ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 12:15:00

Why Sony's Stock Is A 'Brexit' Bargain

'Brexit' has thrown Sony into a tug-of-war between global currencies. Yet that is mostly a distraction from the Japanese electronics giant's turnaround.
WSJ   |   Mon, 27 Jun 2016 12:14:55

UPDATE 1-EU commissoner sees 15 pct fall in EU budget post-Brexit

BUCHAREST, June 27 (Reuters) - Britain's exit from the European Union will mean a worrying 15 percent drop in the bloc's annual budget from 2020, EU Regional Policy Commissioner Corina Cretu said on...
Reuters   |   Mon, 27 Jun 2016 12:14:28

'Brexit' Basically Meaningless Throughout The Americas

Some countries will do better than others post-Brexit. Brazil is one of the best positioned.
Kenneth Rapoza, Contributor / Forbes   |   Mon, 27 Jun 2016 12:14:00

'Brexit': The U.K.'s New Political Risk Equation

The pain goes on for the pound. The U.K.'s reputation as a haven has been tarnished.
WSJ   |   Mon, 27 Jun 2016 12:11:28

High Dividend Investing: Winners, Losers, & Opportunities Following The Brexit Vote

Seeking Alpha   |   Mon, 27 Jun 2016 12:10:00

EUR/USD back below 1.1000 level, Brexit uncertainty continues to weigh

The shared currency remained well offered against its US counterpart, with the EUR/USD pair now dropping back below 1.1000 handle ahead of US goods tr
Haresh Menghani / FX Street   |   Mon, 27 Jun 2016 12:07:25

Jack Lew: Global anxieties abound

U.S. Treasury Secretary Jacob Lew weighs in on whether the European banks will need a bailout after Brexit.
Steve Liesman   |   Mon, 27 Jun 2016 12:07:00

Trump's 'Best Speech' Yet

Plus, America's opportunity after the Brexit vote.
WSJ Opinion   |   Mon, 27 Jun 2016 12:06:24

Asian Markets Brace for Fresh 'Brexit' Buffeting

Bloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsAsian Markets Brace for Fresh 'Brexit' Buffeting Shares and currencies in Asia are headed for a potentially turbulent week, as the U.K.'s vote to leave the European Union threatens more aftershocks in global financial markets.Asian markets ...
WSJ   |   Mon, 27 Jun 2016 12:05:45

Jack Lew: Brexit's biggest headwinds

In an exclusive CNBC interview, Steve Liesman talks with U.S. Treasury Secretary Jacob Lew about the challenges ahead for the European Union and the United Kingdom after the referendum, including trade with the U.K.
Steve Liesman   |   Mon, 27 Jun 2016 12:04:00

Monday Morning Links

MUST READS Thank You, Great Britain! - Handelsblatt Who Voted for the Brexit? - The Atlantic Why did Britain vote to leave the EU? - Vox Osborne seeks to calm Brexit turmoil - BBC British EU vote unnerves world leaders and markets - Reuters The UK's Magna Carta 2.0: Good ...
Tim Iacono   |   Mon, 27 Jun 2016 12:03:10

Soros Suffers Major Loss On Long Pound Trade Ahead Of Brexit

It is somewhat ironic that the man who made a $1.5 billion profit on Black Wednesday in 1992 when he bet against the pound sterling ahead of the UK exit from the ERM would be the same one to suffer major losses on the same currency 24 years later. According ...
Tyler Durden / Zero Hedge   |   Mon, 27 Jun 2016 12:02:02

Can Asia shield the world against Europe's Brexit woes?

Author: Editors, East Asia Forum The shock of Britain's vote to exit the European Union (EU) will reverberate around the world for decades to come. And Asia isn't immune. The direct effect on stock markets and exchange rates around the region is a modest harbinger, but that's only the beginning. ...
EAF editors / East Asia Forum   |   Mon, 27 Jun 2016 12:00:51

Brexit and the view from Spain

Brexit had a decisive impact on how Spaniards voted, swinging energy from Podemos back to the traditional parties.
Al Jazeera   |   Mon, 27 Jun 2016 12:00:41

As Brexit crisis intensifies, Trump...

Never before have Americans seen a presidential hopeful with such a preoccupation with self-congratulation ... even when he gets a story backwards.
Steve Benen / MSNBC   |   Mon, 27 Jun 2016 12:00:18

Seven Reflections on Brexit

A long-planned family vacation had me visiting in Great Britain last week during the Brexit vote. Here are some reflections on the event, in no particular order.1) The Brexit vote seemed to me a strangely American moment. Some of the lasting slogans handed down from the American revolution against England ...
Timothy Taylor / Conversable Economist   |   Mon, 27 Jun 2016 12:00:00

Former BoE Governor King says finance ministry will have to row back on Brexit warnings

LONDON, June 27 (Reuters) - Former Bank of England governor Mervyn King said Britain's finance ministry was in a difficult position after making exaggerated claims about the economic risks of leaving...
Reuters   |   Mon, 27 Jun 2016 11:59:09

How Do I Know Brexit is a Bad Idea? Because the Guys at Powerline Say Not to Worry

Powerline's writers suffer from the Dunning-Kruger effect: they are too stupid to know that they are, well, stupid when it comes to economics. If you search this blog for the word you'll see ample documentation that clearly demonstrates their economic incompetence. But two stand out for special mention.1.) Powerline's entire ...
Hale Stewart / Bonddad Blog   |   Mon, 27 Jun 2016 11:55:00

Ehic applications unavailable - but NHS says it's nothing to do with Brexit

The website and phone number for European health insurance card registration is expected to be unavailable until Monday afternoon, leaving last-minute applicants in the lurch Holidaymakers trying to apply for their European health insurance card (Ehic) have been alarmed to discover that the online service is "currently unavailable". However, the ...
Rupert Jones / Guardian   |   Mon, 27 Jun 2016 11:54:25

Early negotiating positions staked out as Europe reacts to Brexit

The dust hasn't even begun to settle from the earthquake that is the UK voting to leave the EU. Nevertheless, as European leaders lay out their initial response we are already seeing some tentative steps to stake out early negotiating positions. This is also already showing some early divergences in ...
Raoul Ruparel / Open Europe   |   Mon, 27 Jun 2016 11:54:15

Brexit: how will it affect Spanish companies in the United Kingdom?

Ferrovial, Telefónica, Iberdrola and Santander are all major investors in Britain, so what happens for them now?
David Fernández, María Fernández / EL PAÍS   |   Mon, 27 Jun 2016 11:52:59

Paris, London mayors pledge to work 'closer than ever' despite Brexit

The mayors of Paris and London have penned a joint letter published Monday in Le Parisien and the Financial Times calling on the two "global cities" to "work more closely together than ever" despite Britain's decision to leave the European Union.
Joseph BAMAT / France 24   |   Mon, 27 Jun 2016 11:52:50

Risk-off sentiment hits emerging markets

Asia likely to fare less badly than eastern Europe and Latam after Brexit vote
FT   |   Mon, 27 Jun 2016 11:52:01

Defense and aerospace warning on Brexit

Major defense and aerospace companies are warning Britain must work quickly to arrange clear trading relationships or risk losing business.
CNBC   |   Mon, 27 Jun 2016 11:50:00

Here's a super-quick guide to what traders are talking about right now

Via Dave Lutz at JonesTrading, here's a quick guide to what traders are talking about on Monday: Good Morning! US Futures are on overnight lows, adding to their largest daily drop since August losing 70bp as Brexit angst continues to reverberate. Euro markets are getting whacked again, with the DAX ...
Business Insider   |   Mon, 27 Jun 2016 11:47:10

EU commissoner sees 15 pct fall in EU budget post-Brexit

BUCHAREST, June 27 (Reuters) - Britain's exit from the European Union will mean a worrying 15 percent drop in the bloc's annual budget from 2020, EU Regional Policy Commissioner Corina Cretu said on...
Reuters   |   Mon, 27 Jun 2016 11:45:54

Poland 'shocked' by xenophobic abuse of Poles in UK

Polish ambassador expresses "deep concern" after reports of abuse directed against UK-based Poles in the wake of Brexit.
Al Jazeera   |   Mon, 27 Jun 2016 11:45:31

TRENDING - Messy Brexit, Messi exit

After the Leave vote this Friday, there was one face that seemed to be missing from all the resignations and crisis talks, leaving the country wondering where the Chancellor of the Exchequer had got to. But this morning, George Osborne finally lurched out of his hiding place in an attempt ...
Patrick Lynch / Proactive Investors   |   Mon, 27 Jun 2016 11:45:00

WTI in red around $47.20

Crude oil prices have reverted the initial test of the $48.00 neighbourhood, now receding to the area of $47.20. WTI lower as Brexit weighs, USD bid
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 11:43:14

Everything Will Change, Everything Has Changed: A Brexit Symposium

Britain Makes History By Richard Samuelson So yet another effort to put all of Europe under one government seems to be failing. From Caesar to Charlemagne to Charles V to Louis XIV to Napoleon and beyond the vision of unity ... The post Everything Will Change, Everything Has Changed: A ...
Richard Samuelson / Online Library of Law and Liberty   |   Mon, 27 Jun 2016 11:40:59

Another top firm in no rush to start moving staff out of London

'The outcomes could range from a very small change to a substantial one'.
Here Is The City   |   Mon, 27 Jun 2016 11:39:30

Trump Climbs on the Brexit Bandwagon

GOP candidate says vote in Britain echoes his anti-establishment campaign.
Kenneth T. Walsh / U.S. News   |   Mon, 27 Jun 2016 11:38:00

Next Fallout? 'Brexit' Tests China's Precarious Balancing Act

A year after an epic Chinese stock market crash reverberated around the world, China's leaders took steps not to be caught off guard by market gyrations again-a calculation upended by the British vote to exit the European Union.
WSJ   |   Mon, 27 Jun 2016 11:37:20

UK data is really irrelevant - BBH

Research Team at BBH, suggests that the UK data is really irrelevant but it offers a bit of a base case of how the UK was performing before the Brexit
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 11:35:40

Deutsche Bank: "There's No Escaping The Fact That This Is A Class War"

From DB's Jim Reid, who succintly explains the of 7 years of ZIRP, NIPR, Twist and QE... and leaves off with hopes for helicopter money. The shockwaves and consequences around Brexit will resonate for years. It's probably an understatement to say that most in financial markets regret the UK's decision ...
Zero Hedge   |   Mon, 27 Jun 2016 11:35:24

Brexit And The Banks

Seeking Alpha   |   Mon, 27 Jun 2016 11:34:33

Brexit rhetoric and the consequences of 'Project Fear'

We examine the British media's role in the historic outcome of the EU referendum.
Al Jazeera   |   Mon, 27 Jun 2016 11:32:45

Advice for the Present from the Past

A quote I happened upon this weekend:What is becoming plain are ever bigger collectivizations. There are, for example, the European unions, the union of the Islamic world, and the attempt to create a sort of global consciousness via the UN conferences. At the same time we observe that the self-assertion ...
National Review   |   Mon, 27 Jun 2016 11:31:35

Futures lower as investors absorb Brexit shock

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were lower on Monday as investors assessed the implications of Britons voting to leave the European Union, a decision that sparked a global selloff on Friday. * The so-called "Brexit" vote threw markets off-balance as investors worried over the consequences and ...
Business Insider   |   Mon, 27 Jun 2016 11:31:28

Brexit turmoil: Get up to speed here

The UK government is calling for calm amid the turmoil sparked by a vote to leave the European Union.
CNN   |   Mon, 27 Jun 2016 11:31:22

Abbreviated pundit round-up: Brexit brings Bregrets; how sexism changes us; happy Pride day

x Trump's new slogan: "Make America British Again" (@bennydiego) June 27, 2016 is how some wags are labeling what a few interviewed Britons who voted to separate Britain from the European Union last week are feeling. The petition effort to hold another vote before the divorce is finalized is moving ...
Meteor Blades / Daily Kos   |   Mon, 27 Jun 2016 11:30:56

U.S., European stocks continue post-'Brexit' drop; Tokyo rebounds

British and European stock markets fell again on Monday but stocks in Tokyo regained some losses.
USA Today   |   Mon, 27 Jun 2016 11:27:50

ITV sees almost £2.5bn wiped from stock market value after Brexit

Broadcaster saw share price fall by more than 20% on Friday, raising speculation it will become target for takeover bid ITV has seen almost £2.5bn wiped off its stock market value since the Brexit vote, raising city speculation the the broadcaster could become the target of a takeover. ITV, which ...
Mark Sweney / Guardian   |   Mon, 27 Jun 2016 11:26:05

UPDATE 1-Italy says Brexit is great opportunity for Europe

* Italy wants EU budget deficit rules softened (Adds quotes, background)
Reuters   |   Mon, 27 Jun 2016 11:25:57

Dollar points to Brexit's virulence

The political and economic drama in Britain shows which currency is worth watching
FT   |   Mon, 27 Jun 2016 11:25:02

Bank share prices fall amid fears of Brexit disruption and job cuts

The UK banking industry was in chaos on Monday after the EU referendum result sparked share falls and threats of job cuts. Shares in Barclays, Royal Bank of Scotland and Lloyds all tumbled as investors fretted about the prospect of losing easy access for staff and capital to continental European ...
Proactive Investors   |   Mon, 27 Jun 2016 11:25:00

Aston Martin urges politicians to clarify Brexit process

Luxury carmaker says it won't be damaged by vote, and expansion plans - including new factory in Wales - remain in place Aston Martin has called for politicians to clarify the Brexit process and Britain's relationship with the EU to end confusion following last week's vote to leave. Announcing its ...
Sean Farrell / Guardian   |   Mon, 27 Jun 2016 11:24:23

Major banks cut sterling forecasts after Brexit vote

A number of major banks have started to cut their near-term forecasts for sterling signaling a weakness in the UK economy.
CNBC   |   Mon, 27 Jun 2016 11:24:00

Frontrunning: June 27

After 'Brexit' Vote, Europe's Leaders Debate Timing of U.K.'s Departure (WSJ) Pound Slumps, Banks Tumble on Brexit Fallout; Bonds Extend Gains (BBG) To Brexit or Regrexit? A dis-United Kingdom ponders turmoil of EU divorce (Reuters) 'Brexit' Sparks Political Turmoil Across U.K. (WSJ) 10 ways to leave EU lover; scenarios for ...
Zero Hedge   |   Mon, 27 Jun 2016 11:23:31

Brexit update: Turmoil, pressure, and a coup attempt

Sense of unease spreads as European leaders step up the pressure on Britain to begin its exit The post Brexit update: Turmoil, pressure, and a coup attempt appeared first on Macleans.ca .
The Associated Press / Macleans   |   Mon, 27 Jun 2016 11:23:24

Brexit shows the U.S. needs a steady, experienced leader, Clinton says

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 4:21 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
LA Times   |   Mon, 27 Jun 2016 11:21:09

Brexit's broken promises: Health care, immigration

Leading backers of Brexit are backing away from campaign promises, fueling a sense of confusion after the U.K. voted to leave the European Union.
CNN   |   Mon, 27 Jun 2016 11:20:55

Chesapeake Utilities Sheltered From Brexit

All of the natural-gas utility's revenue is generated domestically and the stock carries a 2% dividend yield.
Barrons   |   Mon, 27 Jun 2016 11:20:08

Britain's most watched bond just did something it has never done before

The UK's 10-year bond yield fell below 1% for the first time in history on Monday. At around 9:20 a.m. BST (4:20 a.m. ET) the yield on the UK's benchmark government bond fell below 1%, dropping as low as 0.938% at around 10:00 a.m. That marked the first ever time ...
Will Martin / Business Insider   |   Mon, 27 Jun 2016 11:18:27

EasyJet shares plummet on Brexit shock

Budget airline faces economic and consumer uncertainty on British decision to leave EU
FT   |   Mon, 27 Jun 2016 11:18:02

Brexit Buries Sterling To New Low

Seeking Alpha   |   Mon, 27 Jun 2016 11:15:18

Brexit's broken promises: NHS, immigration, economy

Leading backers of Brexit are backing away from campaign promises, fueling a sense of confusion after the U.K. voted to leave the European Union.
CNN   |   Mon, 27 Jun 2016 11:14:43

Sterling falls below Friday's 31-year low amid Brexit uncertainty

Currency markets faced more upheaval on Monday, with traders raining new pain on Britain's pound.
CNBC   |   Mon, 27 Jun 2016 11:11:00

Brexit has started a movement? - BBH

Research Team at BBH, suggests that an issue on the lips of many is whether Brexit has started a movement. Key Quotes "Will it be a shot in the arm
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 11:08:33

Oil price, Aminex/Solo, Jack- And finally...

Oil price The early prices for crude oil on Friday after the Brexit news came through never really got worse, maybe investors had more worrying exposure elsewhere...? Although there are worries about growth, particularly in Europe we mustn't get too full of our own importance and the world will carry ...
Proactive Investors   |   Mon, 27 Jun 2016 11:06:00

China-U.K. 'golden era' at risk from Brexit

Chinese Premier Li Keqiang warned that Britain's vote to leave the EU has added "new uncertainties for the world economy."
CNN   |   Mon, 27 Jun 2016 11:05:18

Brexit's broken promises: Health care, immigration and the economy

Leading backers of Brexit are backing away from campaign promises, fueling a sense of confusion after the U.K. voted to leave the European Union.
CNN   |   Mon, 27 Jun 2016 11:04:13

After Brexit, It Is A Muddle Out There

In the Newsquoting Tunku Varadarajanvia Hindustan Times It sinks in. As the implications of Brexit hit home - political instability, economic crisis, uncertainty over ties with the rest of the world and racist attacks - the most ardent advocates of the "Leave" campaign seem to have suddenly got cold feet.
Hoover Institution   |   Mon, 27 Jun 2016 11:04:00

Brexit and markets: investors' views

Message remains one of extreme caution as shares and sterling fall further
FT   |   Mon, 27 Jun 2016 11:03:08

Markets: Brexit, Global Recession, Next Crisis

The world is already in recession. Parts of Europe, parts of America are in recession and Brexit is just going to make it worse. Everybody should be concerned because the next recession, the next problem will be worse than 2008 because now we have a lot more debt. When you ...
Jim Talks Markets   |   Mon, 27 Jun 2016 11:03:00

Where was the EU referendum won and lost? Northern Ireland, Scotland and London only areas not to vote for Brexit

Ashley Kirk / Telegraph   |   Mon, 27 Jun 2016 11:02:50

'Brexit' puts investors on high alert this week

The United Kingdom's stunning decision to exit the European Union certainly got investors' immediate attention.
USA Today   |   Mon, 27 Jun 2016 11:02:43

Deals and takeovers on hold following Brexit vote

Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence.
Here Is The City   |   Mon, 27 Jun 2016 11:02:40

Jamie Oliver blasts Boris Johnson in furious Brexit tirade

Adam Boult / Telegraph   |   Mon, 27 Jun 2016 11:02:33

EU and Brexit: the economic implications - BNPP

William De Vijlder, Research Analyst at BNP Paribas, expects the UK's decision to leave the EU to shave about 0.5% off the Eurozone's GDP in 2016−17 b
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 11:02:12

What Does Brexit Mean for Individual Investors?

This article appeared first on The Stock Market Blueprint Blog. This week, Americans are asking: What does Brexit mean for individual investors? The answer is: Not much. Here's why. If you follow financial news, you've undoubtedly heard the term Brexit for the past several months. [...]
Mitchell Mauer / Value Walk   |   Mon, 27 Jun 2016 11:00:56

A second referendum will not fix the social division behind the Brexit vote - and it could make it worse

The social divide among Leavers and Remainers is striking. The immediate reaction of many to run a second referendum therefore fails to understand the cause of the result: many feel that they have no influence over the immediate circumstances that surround them. But it's not just the electorate's 48 per ...
Blog Admin / British Politics and Policy at LSE   |   Mon, 27 Jun 2016 11:00:08

Follow Merkel on Brexit - and keep cool

While other EU leaders are pressing Britain for a quickie divorce, the German chancellor is advocating a more measured approach. This is right. There's no need to rush as the EU can protect itself from the immediate fallout. There's even a chance the UK could change its mind.
Hugo Dixon / Hugo Dixon   |   Mon, 27 Jun 2016 11:00:04

How will Brexit impact China-UK deals?

Speculation is building whether Britain's decision to exit the European Union will turn off the tap of Chinese investment into the region.
CNBC   |   Mon, 27 Jun 2016 10:59:00

Brexit means interest rate purgatory for the banking sector

Day two of post-Brexit trading and... bank stocks are being suspended. So not a great start and it's a sign that whatever market-stabilising powers UK chancellor George Osborne once had have been diminished. In fairness, though, he's trying to calm a hurricane that will leave the banking sector stuck in ...
Kadhim Shubber / FT Alphaville   |   Mon, 27 Jun 2016 10:58:33

Brexit vote bad for UK growth and debt, says Moody's

Sterling and European stock indexes fell further on Monday, with the outlook for the region unclear after the U.K. voted to quit the EU last week.
Here Is The City   |   Mon, 27 Jun 2016 10:58:23

Brexit vote is an attack on the EU - BBH

Research Team at BBH, suggests that the Brexit vote is an attack on the EU and is a blow whose magnitude is still not fully clear. Key Quotes "This
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 10:57:31

George Osborne on Brexit: 'We were prepared for unexpected'

Britain's Treasury chief tries to ease concerns about the vote to leave the European Union The post George Osborne on Brexit: 'We were prepared for unexpected' appeared first on Macleans.ca .
The Associated Press / Macleans   |   Mon, 27 Jun 2016 10:55:54

Bank shares see more Brexit fallout

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 10:55:09

'Brexit': What we know

After Britain's unprecedented vote Thursday to leave the European Union, consequences over the British exit - also known as 'Brexit' - are ...
USA Today   |   Mon, 27 Jun 2016 10:54:35

Euro looks vulnerable after Brexit

Greater opportunity beckons in selling the common currency in the short term
FT   |   Mon, 27 Jun 2016 10:53:39

EU Commission will discuss Brexit at 13.00 GMT

Headlines are crossing the wires via Reuters and are worth noting that the EU Commission will hold a meeting to discuss Brexit at 1300GMT. Focus is l
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 10:53:05

Safe harbour: why the Norway option could take the risk out of Brexit

Peter Spence / Telegraph   |   Mon, 27 Jun 2016 10:50:44

Brexit: what if the UK left the EU and could be more like Norway?

Szu Ping Chan / Telegraph   |   Mon, 27 Jun 2016 10:50:23

Game of Thrones or Brexit? Meet the players

GLASGOW, Scotland - Political maneuvering, betrayal and the breakup of kingdoms. Following the EU referendum and the vote for Brexit, Great ...
USA Today   |   Mon, 27 Jun 2016 10:49:31

Is Donald Trump hurting himself?

Donald Trump won't allow himself to catch a break.
CNN   |   Mon, 27 Jun 2016 10:49:25

Euro struggles to escape Brexit shadow

Europe's single currency, periphery bonds and European bank shares at sharp end of Brexit fallout
FT   |   Mon, 27 Jun 2016 10:48:35

GBP/JPY drops more-than 3 big figures on Brexit woes

A fresh risk-aversion wave gripped markets over the last hour as Brexit jitters heightened and hammered the pound across the board, sending GBP/JPY ba
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 10:48:16

Brexit tremors push pound lower in historic rout

Benchmark 10-year gilt yields fall below 1% Markets shrug off attempt by Osborne to calm turmoil
FT   |   Mon, 27 Jun 2016 10:48:01

South Korea has a plan to mitigate Brexit impact

Asia's fourth-largest economy intends to bet big on innovation to mitigate any potential economic damage from the U.K.'s decision to quit the EU.
CNBC   |   Mon, 27 Jun 2016 10:47:00

Brexit strengthens conviction in US equities - Fidelity

Dominic Rossi, Global CIO of Equities at Fidelity International, explains why he thinks US equities will continue to outperform in the wake of the UK'
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 10:44:07

Saudis Revise Investment Policy on Brexit -Energy Journal

Saudi Arabia, the world's largest exporter of crude oil, has revised its investment policy for pound and euro denominated assets after Britain decided to leave the European Union, its central bank said over the weekend.
Neanda Salvaterra / MoneyBeat   |   Mon, 27 Jun 2016 10:43:40

News: Morning Agenda: Markets Shaky As Political Chaos Continues in the Wake of

In Private Equity’s Hands, Public Services and Housing in Disarray
DealBook   |   Mon, 27 Jun 2016 10:42:10

Brexit: What does it mean for expats, here and in the EU?

How does the UK's vote to leave the European Union affect British expats in Europe, and EU nationals working in the UK?
BBC   |   Mon, 27 Jun 2016 10:41:21

Brexit: The longer it takes, the more the uncertainty festers - BBH

Research Team at BBH, suggests that the UK choice to leave the EU on a 52%-48% vote is one of those moments that define before and after. Key Quotes
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 10:41:15

Wilbur Ross: I bought pounds

The British pound is down in the water, and billionaire investor Wilbur Ross sees a buying opportunity.
CNBC   |   Mon, 27 Jun 2016 10:41:00

After Brexit, only one thing can keep Britain together: the Norway model

Mark Stanford / Telegraph   |   Mon, 27 Jun 2016 10:40:37

US banks' stress tests may offer comfort in Brexit tumult

The stress tests created for banks by U.S. regulators after the 2008 financial crisis may provide a timely message on banks' hardiness.
CNBC   |   Mon, 27 Jun 2016 10:39:00

Brexit Vote Leaves Markets Primed for a Rate Cut From the Bank of England

Investors are expecting a rate cut from the Bank of England in the coming months, according to one key metric, following the U.K.'s unexpected vote to leave the European Union on Thursday. The expectations come from the instantaneous overnight index swap (OIS) forward curve, also referred to as the yield ...
Mike Bird / MoneyBeat   |   Mon, 27 Jun 2016 10:38:10

George Osborne, U.K. Treasury Chief, Tries to Calm Fears Over 'Brexit' Fallout

Treasury chief George Osborne has sought to calm nerves in the markets, as investors worry about the consequences.
U.S. News   |   Mon, 27 Jun 2016 10:37:36

Insurance shares hit after Brexit vote

Marion Dakers / Roger Bootle   |   Mon, 27 Jun 2016 10:37:33

Italy fears pressure on banks after Brexit

Rome weighs measures to prop up struggling banking sector
FT   |   Mon, 27 Jun 2016 10:37:25

Brexit Buries Sterling to New Low

Monday June 27: Five things the markets are talking about The U.K vote to leave the EU will obviously dominate the summits of European heads of government and global central bankers this week. Beginning today, central bankers gather for at a three-day meet in Portugal. What many may have considered ...
Dean Popplewell / OANDA   |   Mon, 27 Jun 2016 10:36:49

Pound hits 30-year low in Brexit fallout

Gilts break 1% and gold surges as investors seek havens
FT   |   Mon, 27 Jun 2016 10:36:47

What becomes of Europe's cheap air travel?

For the past 20 years, any airline based in a European Union country has been able to fly anywhere within the single market whenever it wants. Brexit complicates that immensely for a host of carriers.
CNN   |   Mon, 27 Jun 2016 10:36:40

ANALYSTS: Brexit will bring recession ... and contagion

We have never seen a set of analysts notes as negative and scary as these. Prior to Brexit, economists at the major banks expected the UK to continue growing, albeit at a slower pace, into the foreseeable future. Post-EU referendum, the mood has changed suddenly. and are the words they're ...
Jim Edwards / Business Insider   |   Mon, 27 Jun 2016 10:34:12

What next after Brexit?

A the happened. As I noted in "The Divisive Brexit Vote", though I favoured Brexit, I took the opinion polls at face value, and expected that Britain as a whole would vote to remain in the EU. Instead, in the largest electoral turnout in twenty years, the UK ... Continue ...
Steve Keen / Steve Keen   |   Mon, 27 Jun 2016 10:31:05

Brexit Won't Change Britain's Drug Regulatory Scheme

The Brexit has sent quivers through the ranks of the pharmaceutical industry. There are fears that the UK's withdrawal from the European Union will also translate into an unraveling of its relations to the European Medicines Agency. The life science crowd should rest easy. Any material change in Europe's drug ...
Scott Gottlieb, Contributor / Forbes   |   Mon, 27 Jun 2016 10:31:00

Barclays, RBS shares suspended in crash

CNN   |   Mon, 27 Jun 2016 10:29:38

UPDATE 1-Italy considers options to shield banks from Brexit turmoil

*Rome could take bank stakes, costing 40 bln euros- report. ROME, June 27- Italy is looking at options to protect its banks from a destabilizing sell-off of their shares, a government source said on Monday, as last week's Brexit vote took another heavy toll on lenders on the Milan stock ...
CNBC   |   Mon, 27 Jun 2016 10:29:00

" Even if Brexit Vote Wins, there may be No Brexit: Daiwa"

A smart piece of analysis from the day before the referendum. That's not to say there won't be serious effects in both the short and medium runs, I mean we're already seeing a fair degree of whackitude but as mentioned over the weekend there are a lot of constituencies who ...
climateer / Climateer Investing   |   Mon, 27 Jun 2016 10:28:00

Six lessons about "real" people, Brexit, and the EU

The result of the UK referendum on 23 June has been portrayed as a victory for "real people". But what consequences will the result have, and how should the UK and EU now react?
Guntram B. Wolff / Bruegel   |   Mon, 27 Jun 2016 10:25:24

Brexit: What are the lessons for Europe?

By Catherine Mathieu and Henri Sterdyniak The British vote to leave the European Union is aggravating the political crisis in Europe and in many European countries. Leaving the EU has become a possible alternative for the peoples of Europe, which may encourage parties advocating national sovereignty. The United Kingdom's departure ...
Laurence Duboys Fresney / OFCE   |   Mon, 27 Jun 2016 10:25:02

The fall in the pound does not prove Brexit was a poor choice.

Brexit means the UK re-arranges the way it trades with other countries. In particular, tariffs and non-tariff barriers are extra tariffs imposed by the EU against UK exports is exactly matched by a REDUCTION in tariffs facing UK exports from other countries (and same goes for tariffs imposed by the ...
Ralph Musgrave / Ralphnomics   |   Mon, 27 Jun 2016 10:23:00

EUR/GBP surges past 0.8300, hits multi-month high on Brexit worries

The shared currency continued with its outperformance against the British Pound, with the EUR/GBP cross hitting fresh 2016 high and rising to level no
Haresh Menghani / FX Street   |   Mon, 27 Jun 2016 10:22:12

GBP/USD targets a move to 1.30 - UOB

Cable remains on the defensive following the 'Brexit' vote last week, now targeting the 1.3000 area, according to the research team at UOB Group. Key
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 10:22:00

CEE MARKETS-Stocks slide slows, FX tread water as Brexit shock wears off

(Adds stocks, new comments, updates markets) By Marton Dunai BUDAPEST, June 27 (Reuters) - Emerging European currencies firmed a touch and the slide in stocks slowed on Monday as markets...
Reuters   |   Mon, 27 Jun 2016 10:20:14

Brexit backlash smacks pound and banks

Marchel Alexandrovich, Jefferies International, and Jeremy Cook, World First, weigh in on the outlook on sterling as the pound weakens and the markets anticipate an interest rate cut from the Bank of England.
CNBC   |   Mon, 27 Jun 2016 10:20:00

Racial abuse on rise in post-Brexit UK, politician says

Racial abuse is on the rise in post-Brexit Britain, a Conservative British MP has said, as police confirmed they were investigating two racially-motivated crimes.
CNN   |   Mon, 27 Jun 2016 10:16:51

On the non-viability of an independent Scotland staying in the sterling zone

As is being widely reported (exclusive to all newspapers), Scotland is considering vetoing Brexit, if not launching a second referendum to express its pro-European Union feelings in an independent context. Somewhat overlooked in that context, however, is the role played by the sterling zone in the original Scottish referendum. An ...
Izabella Kaminska / FT Alphaville   |   Mon, 27 Jun 2016 10:15:31

Britain, an island again

At their root, the forces behind Brexit are fears of loss - of autonomy and opportunity. The post Britain, an island again appeared first on The Japan Times .
Japan Times   |   Mon, 27 Jun 2016 10:15:25

Brexit backlash hits the UK

Top Talkers: The Morning Joe panel discusses the fallout in the UK following the Brexit vote and the petition for a second EU vote.
MSNBC   |   Mon, 27 Jun 2016 10:15:01

U.K. a victim of its own ideas

The Brexit vote is a cautionary tale to other countries and their elites about complacency toward populist movements and the casual acceptance of the downsides of globalization as just "another cost of doing business." The post U.K. a victim of its own ideas appeared first on The Japan Times .
Brad Glosserman / Japan Times   |   Mon, 27 Jun 2016 10:14:35

Brexit live - market turmoil resumes

George Osborne breaks silence in attempt to reassure markets on strength of UK economy
FT   |   Mon, 27 Jun 2016 10:14:13

Clinton: 'We will bounce back' from Brexit

Hillary Clinton on Sunday said America "will bounce back" from the Brexit economically - and knocked Donald Trump's response to the vote.
CNBC   |   Mon, 27 Jun 2016 10:14:00

Why it's too late to Brexit-proof your portfolio

USA TODAY's Matt Krantz warns investors against selling off their portfolios after Brexit.
USA Today   |   Mon, 27 Jun 2016 10:13:31

Oil prices steady after Brexit vote, but refined products glut looms

Oil prices steadied on Monday as market participants better absorbed the shock of last week's vote
Ahmad Ghaddar / Globe and Mail   |   Mon, 27 Jun 2016 10:12:53

Have your say: Will Brexit be good for pensions?

This week we want to know if Britain has done the right thing in voting for Brexit and whether it will positive for UK pension schemes in the medium- to long-term?
Michael Klimes / Professional Pensions   |   Mon, 27 Jun 2016 10:11:49

Which country wins the most from Brexit? China

A fractured EU will be less able to serve as a check to Beijing's growing challenge to the West's cherished institutions and ideals. The post Which country wins the most from Brexit? China appeared first on The Japan Times .
Michael Schuman / Japan Times   |   Mon, 27 Jun 2016 10:11:48

USD/JPY slips below 102.00

The persistent risk-off environment is lending extra support to the Japanese safe haven, dragging USD/JPY to the 101.70 area. USD/JPY lower on Brexit
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 10:11:41

The Latest: Polish leader blames political rival for Brexit

LONDON (AP) - The Latest on Britain's historic vote to leave the European Union (all times local):
Associated Press   |   Mon, 27 Jun 2016 10:11:00

Brexit: Japan carmakers weigh UK options

Non-EU levy could prompt exodus of automakers, analysts warn
FT   |   Mon, 27 Jun 2016 10:10:21

Brexit Effects: A Deregulated City Will Thrive Outside The European Union

Now that we Brits have decided to go off and be independent and sovereign again there's a certain amount of a' wailin' and a' gnashin' of the teeth over what this will mean for the British economy. One large part of such worries being what will happen to The City ...
Tim Worstall, Contributor / Forbes   |   Mon, 27 Jun 2016 10:08:00

Pound hits 31-year low in Brexit fallout

Gilts break 1% and gold surges as investors seek havens
FT   |   Mon, 27 Jun 2016 10:06:34

GBP/USD: Slumps over -3%, Brexit-lows tested

The offered tone behind the GPB keeps growing bigger as we head into the mid-European session, pushing GBP/USD further south in an attempt to retest B
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 10:06:16

Markets struggle with Brexit hangover

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 10:05:54

Aviva shares slide despite insurer calming fears on Brexit impact

Aviva says vote to leave will not have significant operational impact Insurance group Aviva is one of the many casualties of the Brexit vote, down nearly 16% on Friday and off another 4% now. With its shares down 16.5p to 358.3p so far on Monday, Aviva has issued an update ...
Nick Fletcher / Guardian   |   Mon, 27 Jun 2016 10:04:19

'Brexit' Vote Rattles Japanese Auto Makers

Concerns grew over the impact on Japanese auto makers from Britain's vote to leave the European Union, particularly Nissan because of its heavy investment in U.K. auto production.
WSJ   |   Mon, 27 Jun 2016 10:02:35

'Brexit' and China: Currency Calculus Just Got More Complicated

Brexit hasn't sparked panic in China, but that doesn't mean it won't have an impact.
WSJ   |   Mon, 27 Jun 2016 10:02:08

Brexit continues to weigh on European stocks

Seeking Alpha / Seeking Alpha   |   Mon, 27 Jun 2016 10:00:40

RPT-Many US firms playing catchup after surprise EU exit vote

NEW YORK/CHICAGO, June 27 (Reuters) - The risk that Britain could yank itself out of the European Union had been telegraphed for over a year, but even U.S. companies with "Brexit" contingency plans...
Reuters   |   Mon, 27 Jun 2016 10:00:02

Why Are Anti-Trump Conservatives Hailing the Brexit?

The year between the launch of Donald Trump's presidential campaign and Britain's decision to withdraw from the European Union was enough time for conservative elites to divide themselves between Trump supporters and apologists, on the one hand, and Trump renouncers on the other. It was not long enough, however, to ...
New Republic   |   Mon, 27 Jun 2016 10:00:00

EUR/USD - Euro Steady as Brexit Shock Subsides

The euro has steadied on Monday, following sharp losses in the Friday session. EUR/USD is trading at 1.1060. In Spain, the election on Sunday failed to produce a clear winner, as no party mustered a majority. On the release front, it's a quiet start to the week, with no major ...
Kenny Fisher / OANDA   |   Mon, 27 Jun 2016 09:58:48

World leaders and economic experts react: Brexit is 'as significant as post-9/11'

Global leaders, CEOs, and other influential figures have gathered in China for the World Economic Forum's Annual Meeting of the New Champions, and Britain's recent decision to leave the EU was all anyone could talk about. One expert, Ian Bremmer, President and Founder at Eurasia Group, even said a Brexit ...
Matthew Nitch Smith / Business Insider   |   Mon, 27 Jun 2016 09:56:39

Annuities take a hit as rates fall following Brexit

Retirees thinking of using their pension to buy an annuity to fund their retirement are advised to buy sooner rather than later The first direct hit on pensions from Brexit came on Monday morning, as pension companies began to cut the amount they will pay people who are newly retiring. ...
Patrick Collinson / Guardian   |   Mon, 27 Jun 2016 09:55:20

EU should be more sensible to Turkey over visa waiver after Brexit: Ankara

The Turkish government has called on the European Union to be "more sensible" in ongoing negotiations over granting visa liberalization to its citizens following Brexit, repeating that it was committed to fulfilling all required criteria
Hurriyet   |   Mon, 27 Jun 2016 09:54:00

Boris "Just Kidding" Johnson Outlines His Rainbows and Unicorns Brexit Plan

Boris Johnson is now the most hated person in the Western world.
Yves Smith / Naked Capitalism   |   Mon, 27 Jun 2016 09:50:46

George Osborne seeks to calm markets amid Brexit turmoil

George Osborne has sought to reassure financial markets by insisting Britain's economy is in a strong position to adjust to life outside the European Union.
Here Is The City   |   Mon, 27 Jun 2016 09:46:07

FTSE 100 Index dips in continued fallout from EU vote

London's top-flight shares dropped just over 1% on Monday as the fallout from Friday's Brexit vote continued. The FTSE 100 Index fell 63 points to 6,075, although that was less than some market watchers had expected. Banks were among the biggest losers as investors worried about the hit they may ...
Proactive Investors   |   Mon, 27 Jun 2016 09:45:00

EMERGING MARKETS-Eastern Europe stocks, FX feel more Brexit pain

By Karin Strohecker LONDON, June 27 (Reuters) - Central European markets extended losses on Monday as Britain's vote to leave the European Union dented global sentiment, with some...
Reuters   |   Mon, 27 Jun 2016 09:44:55

Who is who in Jeremy Corbyn's post-Brexit shadow cabinet?

Laura Hughes / Telegraph   |   Mon, 27 Jun 2016 09:44:03

America must move to save the European project

Brexit is a defining moment for US diplomacy, writes Ivo Daalder
FT   |   Mon, 27 Jun 2016 09:39:55

EasyJet Profit Warning After Vote For Brexit

EasyJet and Foxtons are the latest companies to issue official profit warnings in the wake of the UK's vote to leave the EU.
Sky   |   Mon, 27 Jun 2016 09:39:44

British bank shares slide as Brexit spooks investors

LONDON, June 27 (Reuters) - Shares in Britain's top banks suffered further deep losses on Monday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by...
Reuters   |   Mon, 27 Jun 2016 09:39:41

Japan's Rebound Leads Asian Shares Higher

Tokyo shares rise but investors fear the fallout from the 'Brexit' vote is far from over after China decided to weaken the yuan.
WSJ   |   Mon, 27 Jun 2016 09:39:13

U.K. Treasury chief seeks to calm Brexit fallout fears

Britain's Treasury chief sought Monday to ease concerns about the vote to leave the European Union, saying the economy is as strong as it could be to face the uncertainty - even as a survey showed many companies are looking to move business out of the country. In his first ...
Japan Times   |   Mon, 27 Jun 2016 09:37:28

Brexit: What happens now?

The UK has voted to leave the EU. Here is what is likely to happen next.
BBC   |   Mon, 27 Jun 2016 09:37:07

Brexit impact will be worse than the 2008 crash

Run ragged. UK faces Brexit headwinds. CC BY-NC Britain's Chancellor George Osborne tried to calm tumultuous seas on Monday morning as markets struggled to understand the implications of the vote for the UK to leave the European Union. It's unlikely it will be the last time. The truth is that ...
Ronen Palan, Professor of International Politics, City University London / The Conversation   |   Mon, 27 Jun 2016 09:36:34

Alex Salmond: Scottish Parliament cannot block Brexit

Telegraph   |   Mon, 27 Jun 2016 09:36:08

Pound Falls Further as 'Brexit' Shock Lingers

Pressure on the British pound intensified amid a volatile trading session for currencies in Asia, after the U.K. voted to leave the European Union on Friday.
WSJ   |   Mon, 27 Jun 2016 09:35:27

Pound and FTSE weaken on Brexit fallout

The pound and UK stocks weaken further, though investors' mood turns from panic to caution
FT   |   Mon, 27 Jun 2016 09:34:08

No respite: Greece's relationship with Europe after Brexit

By Angelos Chryssogelos The vote for Brexit in the referendum of 23 June has obvious immediate effects for Greece. Increased uncertainty will hamper Greece's economic recovery. When the UK formally exits the EU, the consequences for Greek workers and students ... Continue reading →
Blog Admin / Greece@LSE   |   Mon, 27 Jun 2016 09:33:01

Brexit fallout rattles the UK

Following last week's major Brexit vote, Jonathan Capehart and Louisa Bojesen discuss the political and economic impact.
MSNBC   |   Mon, 27 Jun 2016 09:31:02

Wealth Adviser Daily Briefing: With Clients Unaware, Betterment Suspends Trading Amid 'Brexit' Turmoil

Robo-adviser Betterment LLC made an unusual move and suspended all trading Friday morning as markets were roiled by the U.K.'s vote to leave the European Union. Plus, more news in our morning update.
Michael Wursthorn / MoneyBeat   |   Mon, 27 Jun 2016 09:30:24

George Soros didn't bet against sterling

George Soros did not speculate against sterling just ahead of Britain's vote to leave the European Union but he did profit from other bearish bets.
CNBC   |   Mon, 27 Jun 2016 09:25:00

European bank stocks set for worst two-day loss ever in post-Brexit fallout

LONDON (Reuters) - European bank stocks extended post-Brexit losses on Monday putting the sector on track for its worst 2-day drop ever. The economic impact of Britain's decision to leave the European Union is seen compressing earnings further at a time that regional banks are already grappling with poor returns, ...
Business Insider   |   Mon, 27 Jun 2016 09:24:06

US Treasurys continue rise after Brexit vote

U.S. sovereign bond prices were higher Monday continuing a strong safe-haven bid after the results of the U.K. referendum on its European Union membership.
CNBC   |   Mon, 27 Jun 2016 09:21:00

Banking index drags European stocks deeper in the red

After a jittery start on the European indices, Brexit-led sell-off witnessed last Friday picked-pace today, as the region's equities dived deeper in t
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 09:18:07

Brexit weighs like boulder on EU history- Renzi (2)

Rome, June 27 - Premier Matteo Renzi said Monday that Britain's vote to leave the European Union "weighs on the history of the EU like a boulder". "We are faced with a historic event," Renzi told the Senate as he reported to parliament before this week's European summit. "Anyone who ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 09:18:00

Leave leaders back Carney, Osborne as UK grapples with Brexit fallout

LONDON, June 27 (Reuters) - The leaders of the campaign to get Britain out of the European Union sought to ease concerns about the country's uncertain economic future by giving public backing to Bank...
Reuters   |   Mon, 27 Jun 2016 09:17:36

Some companies plan Brexit hiring freeze, says IoD

An Institute of Directors survey suggests that a quarter of its members may freeze recruitment following the Brexit vote.
BBC   |   Mon, 27 Jun 2016 09:15:43

Brexit and risk aversion hitting markets - Danske Bank

Chief Analyst at Danske Bank Jakob Christensen noted the prospects for the sterling, the euro and the scandi space following 'Brexit'. Key Quotes "T
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 09:12:29

Symphony Environmental Technologies shrugs off Brexit

Plastics specialist Symphony Environmental Technologies plc (LON:SYM) said the UK's decision to leave the EU on Friday will not adversely affect the business and the group was on track to meet market expectations. As exporters, it said a weaker pound was beneficial for the business, as it helps to make ...
Proactive Investors   |   Mon, 27 Jun 2016 09:12:00

Brexit: Which parts of Britain are most interested in triggering a second referendum?

Ashley Kirk / Telegraph   |   Mon, 27 Jun 2016 09:10:00

U.S. stocks facing uncertainty after Brexit

Here's what you need to know about the markets before you start your business day.
CNN   |   Mon, 27 Jun 2016 09:09:50

FTSE falls more than 1% but Randgold and Fresnillo in demand

Early calm soon disappears as investors continue to weigh up Brexit fallout Leading shares continue to decline as the volatility following the vote for the UK to leave the European Union. Early reassurance following comments from chancellor George Osborne appears to be wearing off, and the FTSE 100 has now ...
Guardian Staff / Guardian   |   Mon, 27 Jun 2016 09:04:42

Those Trivially Simple Brexit Trade Negotiations In Full - Done And Dusted By Lunchtime

Now that Britain has decided, in that referendum, to leave the European Union there is much angst about how we actually negotiate our way out of our interlocking relationship. Much of this concentrating upon trade. How do we make sure that the UK gets the best deal possible from our ...
Tim Worstall, Contributor / Forbes   |   Mon, 27 Jun 2016 09:03:00

U.S. stocks: Uncertainty after Brexit

Here's what you need to know about the markets before you start your business day.
CNN   |   Mon, 27 Jun 2016 09:01:10

Brex-it's the economy, stupid!

Slumping EA domestic demand hurt UK exports, boosted the pound artificially Can Scotland afford UK exit? – England to rebalance in favour of the north Mass immigration has worsened inequality, but beware of a Brexit own goal Charles Dumas
Lombard Street Research   |   Mon, 27 Jun 2016 09:00:22

Desperately seeking alternatives to Brexit financial meltdown: Don Pittis

On Friday the Brexit vote to leave Europe seemed like the end. But suddenly, as the British union threatens rip itself apart and a rudderless Britain is seeking an alternative. Don Pittis examines the failure of the referendum process and how the United Kingdom is struggling to search out a ...
Don Pittis / CBC   |   Mon, 27 Jun 2016 09:00:00

GBP/USD: Sell-off gains traction as Brexit lingers, targets 1.3300

The Osborne-led rally met fresh supply at 1.3475 levels, knocking-off the GBP/USD pair nearly 130 pips lower to fresh daily lows on 1.33 handle. GBP/
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 08:59:06

Renzi speaks to Kerry via telephone, Brexit discussed (2)

Rome, June 27 - Premier Matteo Renzi spoke to United States Secretary of State John Kerry on the telephone on Monday and the consequences of the Brexit was among the issues discussed, ANSA sources said. Renzi is set to fly to Berlin later on Monday for talks with German Chancellor ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 08:57:00

Gold faces its own Brexit headwinds

Analysts question whether bullion can rise further after solid gains already this year
FT   |   Mon, 27 Jun 2016 08:56:50

US Dollar stronger, bounces off 96.00

The greenback, tracked by the US Dollar Index, remains on a firm fashion following last week's 'Brexit' vote at the UK referendum. US Dollar bolstere
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 08:54:59

Japan: swimming against the currency

Yen strength is a key outcome of Brexit
FT   |   Mon, 27 Jun 2016 08:53:06

Easyjet and Foxtons warn of Brexit impact

Airline Easyjet and estate agent Foxtons issue warnings about the impact of the UK leaving the EU on their businesses.
BBC   |   Mon, 27 Jun 2016 08:48:26

The Brexit Skeptics

The referendum was not binding, as Cambridge Associates points out.
aiCIO   |   Mon, 27 Jun 2016 08:48:05

Businesses warn: Brexit chaos will hurt us

British voters' decision to leave the European Union has left the U.K. economy in a fog of worry and uncertainty.
CNN   |   Mon, 27 Jun 2016 08:46:06

The Latest: Merkel: Long Brexit delays in no one's interests

LONDON (AP) - The Latest on Britain's historic vote to leave the European Union (all times local):
Associated Press   |   Mon, 27 Jun 2016 08:41:00

Japan shares recover after Friday's post-Brexit bout

Japanese shares recover some ground after their historic plunge last Friday following the UK's vote to leave the European Union.
BBC   |   Mon, 27 Jun 2016 08:40:51

Tokyo stocks soar after Brexit crash

Stocks staged a powerful rally on the Tokyo Stock Exchange on Monday after plummeting on the previous trading day following a historic British referendum in which voters chose the country's exit from the European Union. The 225-issue Nikkei average rallied 357.19 points, or 2.39 percent, to end at 15,309.21. On ...
Japan Times   |   Mon, 27 Jun 2016 08:40:00

We face a national emergency. Only an alliance of progressive forces can save Britain now.

The Brexit crisis offers a unique opportunity to build a politics of plurality and solidarity. The Dance by Henri Matisse, 1910. (Fair use) After the act of self-mutilation, Britain is bleeding - and its very survival in under threat. The current course of events suggests the United Kingdom will unravel, ...
Benjamin Ramm / Open Democracy   |   Mon, 27 Jun 2016 08:37:02

Milan bourse down again amid Brexit turmoil

Milan, June 27 - The Milan stock exchange lost more ground in early trading on Monday as the turmoil following Britain's vote to leave the European Union continued. The market, which suffered record losses of over 12% on Friday, make gains after the opening of business and was 1% up ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 08:37:00

On the ground at WEF Tianjin: Linsanity and Brexit

The three-day World Economic Forum in Tianjin, China, is offering an in-depth dissection of the Brexit, plus a dose of sports.
CNBC   |   Mon, 27 Jun 2016 08:35:00

Brexit: Borders, Language, Culture, And Liberty For Britain

Image credit: istockAnalysis and Commentaryvia Thoughtful Ideas 250 British economists and another 300 British intellectuals signed letters urging Britons to vote REMAIN to stay in the European Union, warning that LEAVE would result in economic catastrophe for Britain and political catastrophe for Europe. British voters rejected their admonitions.
Alvin Rabushka / Hoover Institution   |   Mon, 27 Jun 2016 08:34:00

Sterling, stocks take another Brexit hit

LONDON - Sterling fell more than 2%, the euro took a hammering and stocks dropped again on Monday as Britain's vote to leave the European Union drove investors to seek safety in the yen, gold and low-risk government debt.
Bangkok Post   |   Mon, 27 Jun 2016 08:32:00

Brexit Happens - Repercussions

We are flabbergasted. The Bremain camp should have clearly won, because Brexit is analogous to economic suicide. However, this is how democracy works. Brexit is yet another clear occurrence of a black-swan event taking place, one that will probably have major implications. Below are the first repercussions following the decision ...
Kristian Camenzuli / Times of Malta   |   Mon, 27 Jun 2016 08:31:00

GLOBAL MARKETS-Sterling, stocks take another Brexit hit; oil, yen rise

* Safe havens in demand; Japan raises yen intervention rhetoric
Reuters   |   Mon, 27 Jun 2016 08:29:49

'Months of uncertainty' from Brexit

Australia's economy and its companies could take a hit from UK's decision to leave the EU, although just how big remains to be seen.
SMH   |   Mon, 27 Jun 2016 08:27:12

UPDATE 1-Spain's borrowing costs tumble after elections, Brexit uncertainty lingers

* Spain's 10-year bond yields falls over 10 bps after election
Reuters   |   Mon, 27 Jun 2016 08:23:41

Brexit: Chancellor warns against launching Article 50

Chancellor says Britain should wait until new prime minister is in place to divorce EU as he tries to calm markets.
Al Jazeera   |   Mon, 27 Jun 2016 08:22:15

China's Premier Targets Investor Confidence After 'Brexit'

Premier Li Keqiang called on investors to view China with a "calm and cool head" at a time of global uncertainty, voicing confidence that Beijing can handle the slew of problems facing its economy.
WSJ   |   Mon, 27 Jun 2016 08:20:17

Brussels Briefing: what now?

To receive the Brussels Briefing every morning, sign up here. After the shock, the reality. Across Europe, politicians, officials, voters and businesses have asked themselves a simple question following the Brexit result: what now? In Westminster, a political vacuum has emerged. Britain has lost a prime minister and not yet ...
FT Brussels Blog   |   Mon, 27 Jun 2016 08:19:23

Brexit makes EU's values more important: Bulc

The Brexit won't stop the EU pushing on with transport and infrastructure projects, said the European Commission's transport chief.
CNBC   |   Mon, 27 Jun 2016 08:14:00

Labour's Jeremy Corbyn faces crisis after Brexit vote

Labour leader Corbyn fires shadow foreign secretary for attempting coup, as more than a dozen members resign.
Al Jazeera   |   Mon, 27 Jun 2016 08:12:11

EUR/GBP jumps to 0.8260, now eyeing 0.8300 and Brexit swing high

Building on to its weekly bullish gap, the EUR/GBP cross has now moved beyond the mid-point of 0.8200-0.8300 handle to currently trade near session hi
Haresh Menghani / FX Street   |   Mon, 27 Jun 2016 08:08:47

Brexit: Just how divided is Britain?

To what extent does the referendum result show a divided Britain? We explore the data.
BBC   |   Mon, 27 Jun 2016 08:06:54

The UK will soon get as Prime Minister a very British version of Donald Trump

In the chaos that has resulted from the Brexit vote, not enough has been written about how this will almost certainly mean that we will have as Prime Minister someone who in many respects could be described as a British Donald Trump. They both benefited from privilege: in the US ...
Mainly Macro   |   Mon, 27 Jun 2016 08:03:00

Official: U.K. economy will take hit from Brexit

The vote to leave the European Union will damage the U.K. economy and government finances, the country's Treasury chief said Monday.
CNN   |   Mon, 27 Jun 2016 08:01:26

Weekly SNB Intervention Update: Sight Deposits and Speculative Position

FX: CHF remains strong. Reasons are: Brexit fears; the weak US Payroll report and the FOMC reaction to it: U.S rates to remain low for longer; A strong recovery of the Swiss economy, visible e.g. in the Swiss Manufacturing PMI Sight Deposits: SNB intervenes for 2.6 billion francs. Speculative position: ...
SNB CHF Blog   |   Mon, 27 Jun 2016 08:00:59

Property and financial shares slide as referendum fallout hits stock markets

FTSE 100 opens lower while sterling remains under pressure after EU referendum vote Shares in housebuilders and banks suffered further losses on Monday as the economic and political ramifications of the Brexit vote continued to weigh on markets. The pound remained under pressure on the foreign exchange markets, although it ...
Jill Treanor / Guardian   |   Mon, 27 Jun 2016 07:41:04

GBP sucked lower on political vacuum

FTSE 100 called to open -65pts at 6075, having fallen back considerably from Friday's post-Brexit 6220 recovery highs to re-test lows of 5900. The Bulls will be watching for a break above 6100 to inspire hopes that the overnight rebound has legs and that Friday's highs can be matched. Bears ...
Proactive Investors   |   Mon, 27 Jun 2016 07:29:00

TaxProf Blog Weekend Roundup

Saturday: This Week's Ten Most Popular TaxProf Blog Posts Update On Murder-For-Hire Investigation Into Dan Markel's Death: Hit Men Thwarted In Previous Attempt To Kill FSU Professor The Tax Consequences Of Brexit Temperature Rises In Debate Over NY Times Coverage Of The Law School Crisis The IRS Scandal, Day 1143...
TaxProf Blog   |   Mon, 27 Jun 2016 07:02:00

Further reading

Elsewhere on Monday, - Brexit is a message about Englishness to the elite. - When preference falsification strikes. - Schäuble's secret Brexit plan. - The Snowbot. Continue reading: Further reading
FT Alphaville   |   Mon, 27 Jun 2016 06:56:23

John Oliver: 'There are no f------ do overs'

CNN   |   Mon, 27 Jun 2016 06:56:21

Economy adjustment 'inevitable'

Chancellor George Osborne insists Britain is well-equipped to handle Brexit but remains silent on his future role.
Austrailian   |   Mon, 27 Jun 2016 06:56:00

Links for 06-27-16

Some thoughts on Brexit - Kevin O'Rourke Against Eurotimidity - Paul Krugman Will America Win or Lose From Brexit? - Simon Johnson Economic consequences of Brexit - Econbrowser Is Brexit a global uncertainty shock? - Gavyn Davies The BBC problem...
Economist's View   |   Mon, 27 Jun 2016 06:53:28

David Lammy is a tosser, isn't he?

We need to get real, quickly: $2tn was wiped off global markets on Friday; the pound has plummeted; and Moody's has already downgraded our credit rating from "stable" to A Brexit would be self-immolation. An ignorant fucking tosser too. ... read more
Tim Worstall   |   Mon, 27 Jun 2016 06:38:58

France and Germany seek joint response at Brexit crisis talks

French President François Hollande and German Chancellor Angela Merkel on Sunday confirmed they were in "full agreement on how to handle the situation" created by Britain's vote to quit the EU, according to French presidency sources.
FRANCE 24 / France 24   |   Mon, 27 Jun 2016 06:23:02

Pound and shares hit again by Brexit crisis - business live

Sterling is falling sharply in Monday morning trading, as Britain's decision to leave the EU continues to reverberate around the markets 7.19am BST Sterling has begun the week with a serious bout of Monday morning blues. Heavy selling in Asia has pushed the pound down by almost three cents, or ...
Graeme Wearden / Guardian   |   Mon, 27 Jun 2016 06:19:01

Madness, complete madness

Mr Garnier, a Conservative member of the Parliament's Treasury Committee, says that a so-called Brexit might make it worthwhile for Scots to go it alone to usurp London's position. "If I was Nicola Sturgeon trying to find an alternative purpose ... read more
Tim Worstall   |   Mon, 27 Jun 2016 06:00:31

NZD/AUD looking neutral for the week ahead - Westpac

Imre Speizer, Senior Market Strategist at Westpac, notes that the NZD/AUD cross has been stuck between 0.94 and 0.96 since 9 June, not even Brexit's r
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 06:00:07

Gold on the front foot amid flight to safety

Gold set-off a new week on a firmer footing, with the bulls extending last week's bullish momentum amid ongoing concerns over Brexit shock and emergen
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 05:59:37

Labour in crisis, Boris Johnson calls for unity post-Brexit

As the United Kingdom wakes up to a new week, the full extent of the Brexit hangover is becoming apparent ahead of a flurry of meetings to start negotiating the UK's exit from the European Union as quickly and as painlessly as possible.
CNN   |   Mon, 27 Jun 2016 05:52:06

That moment when you realise that Nick Clegg is a better trader than you...

This is an article by Nick Clegg - a UK politician - before the Brexit
Bronte Capital   |   Mon, 27 Jun 2016 05:47:00

Expect NZD/GBP to trade above 0.5300 this week - Westpac

Imre Speizer, Senior Market Strategist at Westpac, notes that the GBP was hit hard following the Brexit result, falling against the USD to levels last
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 05:10:16

Philippe Legrain NYT Column Makes the Argument Against Economic Expertise in the U.K.

Phillippe Legrain began his NYT column denouncing the supporters of Brexiter by noting their contempt for economic expertise. He then went on to give good reasons for such contempt. Legrain tells readers: "Experts are, of course, known to make mistakes. But in this case, the people who voted for Brexit ...
CEPR   |   Mon, 27 Jun 2016 04:31:19

Australia must consider fiscal stimulus if Brexit crisis hurts the global economy

Wayne Swan's GFC stimulus measures saved Australia from recession; policymakers should ignore the crazed obsession with the budget balance and follow his policy approach if the worst-case scenarios from Brexit come to pass Brexit is important for Australian policymakers. Whichever side wins the 2 July federal election will need to ...
Stephen Koukoulas / Guardian   |   Mon, 27 Jun 2016 04:24:06

Coming and Going

"You can't fall in love with the single market," Jacques Delors, an ardent Europhile and the eighth president of the European Commission, once said. But there was a lot to be attached to, even to swoon over, before last week's Brexit vote. There was the Eurostar, rendering London and Paris ...
New Yorker   |   Mon, 27 Jun 2016 04:00:00

Scots respond to Trump's remarks about Brexit

When Donald Trump announced his arrival to open his new golf resort in Scotland, Scots took social media to another level with blatant remar...
USA Today   |   Mon, 27 Jun 2016 03:08:08

Some Hedge Funds Clean Up

Two early beneficiaries were London money managers who took different views on the vote, but both wound up making money.
WSJ   |   Mon, 27 Jun 2016 02:31:42

Links for the Week of June 26, 2016

**Most-Recent Must-Reads:** * **Paul Krugman**: [Against * **Dan Davies**: * **Teebs**: * **Paul Krugman**: [Brexit: The Morning * **Felix Salmon**: [Little England Just Screwed Us **Most-Recent Links:** * **Barry Eichengreen**: [What explains Britain's Brexit * **Paul Krugman**: [Money: The Brave New Uncertainty of Mervyn...
Grasping Reality   |   Mon, 27 Jun 2016 02:20:26

We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

More stock market wealth was lost on Friday than on any other day in world history. As you will see below, global investors lost two trillion dollars on the day following the Brexit vote. And remember, this is on top of the trillions that global investors have already lost over ...
Economic Collapse   |   Mon, 27 Jun 2016 01:54:54

APAC Currency Corner - Another financial meltdown on the cards?

Post-Brexit vote, the debate has centred on whether it will be the catalyst for another Lehman Brothers-style meltdown. While there's a lot of dust still to settle, central bankers are ready and willing to use whatever tools necessary to calm investor's nerves and avoid a global meltdown. While markets were ...
OANDA   |   Mon, 27 Jun 2016 01:51:24

This Is Just the Start of the Brexit’s Economic Disaster

Markets have already taken a hit, but if Britain leaves the European Union, don’t expect a recovery any time soon.
PHILIPPE LEGRAIN / NY Times   |   Mon, 27 Jun 2016 01:51:02

Trump, Brexit voters seen feeling left behind in fast-changing, immigrant-flooded world

At the heart of the campaign that led Britain to vote to leave the European Union was a desire to regain independence lost amid a globalized world. It's the same kind of feeling that Donald Trump rode to become the presumptive Republican nominee in the U.S., where he campaigns to ...
Japan Times   |   Mon, 27 Jun 2016 01:45:23

TRUMPism and political multi-culturalism post Brexit

Brexit, like a Trump Presidency, is yet another broken cog shaking the Elite's machine towards global domination. For better or worse, some are calling it a rise of 'populism.' But at the end of the day, social unrest can be easily predicted and scientifically quantified. The Elite are doing a ...
Zero Hedge   |   Mon, 27 Jun 2016 01:37:29

'Brexit' Creates Crisis for Japan's Recovery Efforts

The U.K. vote to leave the European Union sent the yen soaring as investors poured money into currencies that are seen as stable stores of value in times of turmoil. That has sapped Japan's efforts to bolster its economy through measures that rely heavily on cheapening the currency to support ...
WSJ   |   Mon, 27 Jun 2016 01:30:08

The Week Ahead: The Implications of the Vote, Stress Tests and Puerto Rico

Economists and policy makers will gather at the annual ECB Forum on Central Banking, where Britain’s decision to leave the European Union will be a popular topic. Also, $1.9 billion in debt will come due for Puerto Rico, its largest bill to date.
THE NEW YORK TIMES / NY Times   |   Mon, 27 Jun 2016 01:25:26

With Washington’s Direct Line to the Continent Suddenly Frays

Officials say no country shares the United States’ worldview quite the way Britain does in terms of security, intelligence and trade.
DAVID E. SANGER / NY Times   |   Mon, 27 Jun 2016 01:11:47

The Sarcasm Report v.256

Welcome to the 2^8th sarcasm report! Momentous day! So let's get right to it.June 24, 2016Yahoo Finance: After the Brexit turmoil, expect a stock-market reboundFAQQ: When can we expect the stock market rebound?A: Just after the Brexit turmoil ends.Q: When can we expect the Brexit turmoil to end?A: Just before ...
Illusion of Prosperity   |   Mon, 27 Jun 2016 01:10:00

More states or fewer?

I was going to write something today about monetary economics, the 2008/09 crisis, and reform options for financial systems and economies, but....the Brexit aftermath is pretty much all-absorbing, at least to a junkie. So far, it is difficult to see why anyone would be very surprised about what has happened ...
Croaking Cassandra   |   Mon, 27 Jun 2016 00:42:30

Post-Brexit dollar surge presents Fed with new conundrum

The US currency's swings in coming days to be crucial for Fed policy and world economy
FT   |   Sun, 26 Jun 2016 14:28:00

Economic consequences of Brexit

Here are my two pence on some of the consequences of Britain's vote to leave the European Union. A key goal of the EU was to allow freer movements of goods, services, and people across countries. The potential economic benefits of such freedom are well known. Access to a broader ...
James_Hamilton / Econbrowser   |   Sun, 26 Jun 2016 14:03:38

'Entire EU could unravel', expert says

The head of the Council on Foreign Relations tells CNBC why the U.K.'s vote may spell the end of the European unity project.
CNBC   |   Sun, 26 Jun 2016 13:00:00

Surging yen raises risk for Japan

Brexit fears have sent the yen surging. Tokyo, we have a problem.
CNBC   |   Sun, 26 Jun 2016 12:31:00

Brexit and the Future of Europe

Brexit is likely to cause Britain's economy and people to suffer significantly in the short to medium term, owing to profound uncertainty over the terms of divorce and the future of the UK itself. But the implications for Europe could be far worse.
George Soros / Project Syndicate   |   Sat, 25 Jun 2016 22:33:30

'Europe is dead. Long live Europe?' - How papers in Britain and around the world reacted to Brexit on Sunday morning

Our Foreign Staff / Telegraph   |   Sat, 25 Jun 2016 22:27:00

Brexit a gift for Yellen: Schiff

Relentless Fed critic Peter Schiff explained to CNBC why the U.K.'s vote on Europe may give the Fed cover in managing rate expectations.
CNBC   |   Sat, 25 Jun 2016 21:00:00

Thanks To Brexit, All Bets Are Now Off On This Major Issue

The United Kingdom's surprise decision to cut and run from the European Union is kryptonite for stability, and it will affect more than just financial markets.
Eric Mack, Contributor / Forbes   |   Sat, 25 Jun 2016 20:10:00

Brexit was fueled by irrational xenophobia, not real economic grievances

Just one day after the results of Brexit, Britain's vote to leave the EU, were announced, we've already begun to see some disturbing reports from Britain. Specifically, troubling stories about xenophobic incidents have been popping up across the country. This evening my daughter left work in Birmingham and saw group ...
Zack Beauchamp / Vox   |   Sat, 25 Jun 2016 20:07:05

Tsipras blames Brexit on austerity, deficiencies in EU leadership

ATHENS, June 25 (Reuters) - Greek Prime Minister Alexis Tsipras, whose own rebellion against European Union policy brought the bloc to a crisis last year, said on Saturday he did not blame the...
Reuters   |   Sat, 25 Jun 2016 11:15:07

Abe expresses concern over Brexit-related currency fluctuations at election debate

Prime Minister Shinzo Abe said Friday Japan will take "every measure" to ensure stability in global financial markets following Britain's vote to exit from the European Union. Abe made the comments in a TV debate where he faced off against the leaders of seven other major parties taking part in ...
Reiji Yoshida / Japan Times   |   Sat, 25 Jun 2016 07:19:27

Brexit Rattles Emerging Market Stocks

Brexit Rattles Emerging Market Stocks The prospect for slower global growth and more protectionism should give pause to emerging market investors.Brexit Rattles Emerging Market StocksBy Dimitra DeFotis The prospect for slower global growth and more protectionism should give pause to emerging market investors.
Barrons   |   Sat, 25 Jun 2016 04:24:27

Indian Outsourcers Vulnerable After Brexit Result

Indian outsourcers may be hit harder than any other of the country's businesses after the U.K. voted to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 23:30:08

Global reaction pours in over 'Brexit' vote

U.K. broadcasters predict Britain voted to leave the 28-nation European Union in a historic referendum.
USA Today   |   Fri, 24 Jun 2016 05:11:01

'Brexit' Expected to Rattle U.S. Economy, Shake Its Influence

Britain's exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.
WSJ   |   Fri, 24 Jun 2016 04:07:59

What would 'Brexit' mean for you

CNN   |   Fri, 24 Jun 2016 04:04:59

Brexit uncertainty is creating emerging markets opportunities

EM assets have suffered sharp swings amid uncertainty over the Brexit vote, but a leave outcome could shine a new light on the sector.
CNBC   |   Fri, 24 Jun 2016 00:20:00

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

photo: Rareclass The UK's EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. On June 23, the UK will have its referendum on the European Union (EU) and the Brits will decide whether they should ...
Dan Steinbock / EconoMonitor   |   Wed, 22 Jun 2016 15:15:02

Brexit News Archive: 28 Jun 2016     |     enquire