History provides some limited reassurance to the market turmoil after Britain’s vote to leave the European Union.
JEFF SOMMER / NY Times | Thu, 30 Jun 2016 22:43:20
Three months ago, I wrote here about the worst quarter of stock performance the biotechnology industry had seen in more than a decade. There were some harrowing moments the past few months in the markets, especially with the Brexit. But there was good news: The second quarter of 2016 was ...
Luke Timmerman, Contributor / Forbes | Thu, 30 Jun 2016 22:28:00
Michael Gove turns on Leave ally and joins race for Tory leadership
FT | Thu, 30 Jun 2016 22:24:53
On June 23, Britain voted to end its 50-year membership of what has become the European Union. One week later, Boris Johnson, Britain's version of Donald Trump and leader of the "Leave" campaign, walked away from the potential task of having to implement it as Prime Minister. So "Bexit" came ...
Andrew Cave, Contributor / Forbes | Thu, 30 Jun 2016 22:21:00
The British government faces challenges resulting from the Brexit vote, Poland hosts a NATO summit, and Juno peers through Jupiter.
CFR | Thu, 30 Jun 2016 22:17:44
The panic mongering by the financial media leading up to the Brexit vote was downright embarrassing (and we were mocking it) - and with the benefit of hindsight a week later, it was downright pathetic in light of the way markets have acted. The S&P 500 gained 1.33% and the ...
Stock Trading To Go | Thu, 30 Jun 2016 22:06:58
Shutterstock Although Brexit has dominated the headlines from the UK, another milestone has quietly beenreached this week. Barclaycard, the largest and first credit card issuer in the UK, turned 50 years old. In the 1960s, on both sides of the Atlantic, a revolution in how we make payments and borrow ...
Nick Clements, Contributor / Forbes | Thu, 30 Jun 2016 21:52:00
As June comes to an end, a review of content produced by Brookings experts shows another month of analysis and commentary on the widest range of issues possible. While Brexit dominated the headlines at month's end, there was much more on our scholars' plates (but we'll still lead off with ...
Brookings | Thu, 30 Jun 2016 21:45:00
Press Association / Telegraph | Thu, 30 Jun 2016 21:36:50
A rare interview with Jim Simons mostly on politics but also some finance - see the videos below Also see Jim Simons: From NSA Codebreaker To Top Performing .. James Simons, Renaissance Technologies founder, discusses the potential for the Brexit vote [...] The post Jim Simons - Math PhDs running ...
Value Walk | Thu, 30 Jun 2016 21:32:03
We've had Brexit , global growth scares , a Fed that desperately wanted to hike interest rates , and one particularly nasty correction . Yet stocks finished the first half of the year solidly in the green. The S&P 500 has gained 2.7% to 2,098.86 during the first six month ...
Ben Levisohn / Stocks To Watch | Thu, 30 Jun 2016 21:14:59
Oaktree Capital Group chairman and prominent investor Howard Marks spoke with FORBES on Wednesday about his views on Brexit and why it might be wise for investors to tune out the day's talking heads.
Derek Xiao, Contributor / Forbes | Thu, 30 Jun 2016 21:11:00
Looking for a post-Brexit stock buy among asset managers? Check out Legg Mason (LM), says Citigroup analyst William Katz. He says that the past week of "Brexit" noise appears to be creating an "attractive entry point" for the Baltimore-based asset manager. Shares added 1.1% on Thursday. Here's Katz: "Following a ...
Chris Dieterich / Focus on Funds | Thu, 30 Jun 2016 21:05:09
Sloppy thinking is always a vice.
PAUL KRUGMAN / NY Times | Thu, 30 Jun 2016 21:04:06
Tony Blair / Telegraph | Thu, 30 Jun 2016 21:00:00
BOE Governor Mark Carney Said Rate Cuts Will Be Needed as UK Growth Slows Down Global markets bounced back on Thursday as the end of the quarter flows and the reality of a prolonged Brexit process added much needed stability. Bank of England (BoE) Governor Mark Carney brought further pressure ...
Alfonso Esparza / OANDA | Thu, 30 Jun 2016 20:59:31
Lloyds Banking Group reopened the US dollar market for financial sector names on Thursday, finding strong demand just days after the UK's vote to leave the European Union sent credit spreads wider.
IFR | Thu, 30 Jun 2016 20:48:00
When looking at the kneejerk devastation in the aftermath of the Brexit vote, JPM's head quant Marko Kolanovic said that he expects up to $300 billion in program selling, coupled with 5-10% in near-term downside to the S&P500. While Kolanovic was correct about quant and technical fund flows, what he ...
Tyler Durden / Zero Hedge | Thu, 30 Jun 2016 20:47:51
U.S. equities and stock exchange traded funds extended its post-Brexit rally on the last day of June, ending the first half of the year on a positive note after Bank of England Governor Mark Carney assuaged market fears and signaled a potential rate cut over the summer. The Dow Jones ...
ETF Trends | Thu, 30 Jun 2016 20:42:01
Tony Sanders made a confoundedly interesting observation today. "I keep hearing from anti-Brexit cheerleaders that it is about immigration. While there may be some who voted for Brexit to get their borders under UK control again, it is mostly about the big banks and who is going to bail them ...
Jesse's Café Américain | Thu, 30 Jun 2016 20:37:00
"The Labour Party is in a state of utter collapse," Thomas Wright declared in a conversation with other Brookings scholars about the U.K. vote to leave the EU and the shock waves that the so-called "Brexit" has already set off. Economists Homi Kharas and Aaron Klein highlighted the effect Brexit ...
Tess Snodgrass and Fred Dews / Brookings | Thu, 30 Jun 2016 20:35:00
Rhiannon Bury / Telegraph | Thu, 30 Jun 2016 20:33:24
Seeking Alpha / Seeking Alpha | Thu, 30 Jun 2016 20:25:19
Nowhere To Hide In Europe - Equity Correlations Are Historically High by Eric Bush, CFA - Gavekal Capital Blog Equity correlations have spiked to the highest level in years presumably thanks to Brexit. The 20-day correlation between the GKCI DM [...] The post Nowhere To Hide In Europe - Equity ...
Gavekal Capital Blog / Value Walk | Thu, 30 Jun 2016 20:25:07
Great Britain's prime minister election is slowing the legal processes associated with Brexit.
CNBC | Thu, 30 Jun 2016 20:20:00
A week after the U.K. vote to leave the European Union sparked a global market rout, some investors are already betting that emerging markets are on their way back.
WSJ | Thu, 30 Jun 2016 20:19:52
As Britain faces high levels of uncertainty, companies and cities across Europe hope to profit by luring businesses and helping those wishing to move.
MARK SCOTT, JACK EWING and CHAD BRAY / NY Times | Thu, 30 Jun 2016 20:15:53
While gold surged to its highest since March 2014 on Brexit; Silver is nearing $19, up almost 9% since Brexit, breaking above Jan 2015 highs to its highest since Sept 2014... Gold has not been this 'cheap' to Silver since May 2015... If gold is institutional safe-haven buying then many ...
Zero Hedge | Thu, 30 Jun 2016 20:15:00
Young investors were more aggressive than their older cohorts during the Brexit-fueled market turmoil, according to Fidelity stats shared exclusively with CNNMoney. It's part of a broader shift of Millennials becoming more bold during market scares.
CNN | Thu, 30 Jun 2016 20:14:54
Gold prices are on the move and last week's Brexit vote is the latest reason why bulls think the rally can carry on. But if you're a gold bull, the next thing you buy ought to be silver , says Michael Purves, chief global strategist and head of equity derivatives ...
Focus on Funds | Thu, 30 Jun 2016 20:14:40
Brexit Be Damned: Cinven Hauls In €7B For Sixth Fund by PitchBook Amid (and in spite of) the market tumult surrounding the U.K.'s vote to leave the EU, Cinven has closed a new Europe-focused investment vehicle-the largest European buyout fund [...] The post Brexit Be Damned: Cinven Hauls In €7B ...
VW Staff / Value Walk | Thu, 30 Jun 2016 20:10:56
Moody's Dean Ungar and his team take a look at asset managers in the wake of Brexit , arguing that lower investor appetite after the vote are a credit negative for the group. They write that while it's impossible to speculate about the long-term effects at this point, in the ...
Teresa Rivas / Focus on Funds | Thu, 30 Jun 2016 20:10:25
Thursday was the last day of the month, quarter and the end of a roller coaster half-year of trading.
USA Today | Thu, 30 Jun 2016 20:09:39
Lord Lawson think-tank says Brexit may render binding goal on cuts illegal
FT | Thu, 30 Jun 2016 20:08:15
Tim Knight / Tim Knight | Thu, 30 Jun 2016 20:04:34
James Quinn / Telegraph | Thu, 30 Jun 2016 20:03:38
LONDON, June 30 (Reuters) - Britain's decision to leave the European Union at a referendum last week is a "huge issue" for the country but is not likely to have much impact on the United States, a...
Reuters | Thu, 30 Jun 2016 20:03:03
Ratings agency Standard and Poor's says that the UK's intention to leave weakens EU fiscal flexibility and political cohesion.
Sky | Thu, 30 Jun 2016 20:02:02
Brexit is part of a rebellion that may be spreading, author Nassim Taleb said Thursday.
CNBC | Thu, 30 Jun 2016 20:02:00
Stocks soared for a third straight day and continued to advance towards the levels they topped at before the shocking Brexit vote sent markets spiraling down a week ago. The S&P 500 ended the second quarter with about a 1.7% gain, as it extended its gains for the year above ...
Business Insider | Thu, 30 Jun 2016 20:00:39
The market's stability is due in part to the banks largely passing the stress tests "with flying colors" says one expert.
CNBC | Thu, 30 Jun 2016 19:58:00
A view of the Glastonbury Festival of Music and Performing Arts on Worthy Farm inSouth West England on June 25, 2016, the day after the UK held its fateful referendum on leaving the European Union. (Photo credit: Andy Buchanan/AFP/Getty Images) Much of the recent conversation around Brexit has been speculative, ...
Cherie Hu, Contributor / Forbes | Thu, 30 Jun 2016 19:57:00
Mexico's central bank aggressively raised its key interest rate more than expected on Thursday in a bid to support the peso and calm concerns that currency weakness could inflame inflation. The Banco de Mexico raised its key rate by half a percentage point to 4.25 percent, above the 25 basis-point ...
Alfonso Esparza / OANDA | Thu, 30 Jun 2016 19:56:24
Image credit: istockAnalysis and Commentaryvia National Review Following the Brexit, Europe may witness even more plebiscites against the undemocratic European Union throughout the continent.
Victor Davis Hanson / Hoover Institution | Thu, 30 Jun 2016 19:53:28
There are few events that catch markets by complete surprise but the decision by British voters to leave the EU ... View the full post at: The Brexit Effect: The Signals Amidst the Noise
Aswath Damodaran / Wall Street Pit | Thu, 30 Jun 2016 19:51:56
Buoyed by a fresh wave of opportunistic issuance, U.S. leveraged loan volumeincreased to $118.7 billion in the second quarter from $90.9 billion in the first, according to LCD, an offering of S&P Global Market Intelligence. Of particular note, institutional issuance increased more than twofold, to $86.1 billion, from $40.7 billion ...
Kerry Kantin, Contributor / Forbes | Thu, 30 Jun 2016 19:47:00
June 30 (Reuters) - Ratings agency Standard & Poor's cut the European Union's credit score on Thursday, citing concerns about the unity of the bloc after Britain's decision to leave, but a senior EU...
Reuters | Thu, 30 Jun 2016 19:44:45
Ratings agency Standard and Poor's cuts its credit grade for the European Union after the UK's Brexit vote.
BBC | Thu, 30 Jun 2016 19:37:41
Readers react to the stunning result of the referendum.
Drama across the pond could negatively impact companies that do business there.
Lauren Gensler, Forbes Staff / Forbes | Thu, 30 Jun 2016 19:36:00
Brexit The Prisoners' Dilemma Of Britain And The EU by Iain Murray, Foundation For Economic Education The world economy roiled following Britain's vote to leave the European Union. Uncertainty was the cause. Even the scope of the potential deal is [...] The post Brexit - The Prisoners' Dilemma Of Britain ...
Guest Post / Value Walk | Thu, 30 Jun 2016 19:30:41
FTSE 100 hits 10-month high as Mark Carney signals Bank of England will cut interest rates after Brexit
Tara Cunningham / Telegraph | Thu, 30 Jun 2016 19:29:55
Jeremy Warner / Telegraph | Thu, 30 Jun 2016 19:29:19
Britain has voted to leave the European Union (EU), or more accurately, England has voted to leave. The majority in Scotland, Northern Ireland and Gibraltar voted to remain. The opinion polls, the bookies and the markets did not predict this outcome. The mood of the nation, it would seem, is ...
Aidan Regan / Irish Economy | Thu, 30 Jun 2016 19:26:53
As stocks roar back from Brexit lows, bonds, defensive sectors and gold are leading the charge higher.
Barrons | Thu, 30 Jun 2016 19:24:53
The GBP/CAD cross plummeted to 1.7147, stalling a couple of pips above the post-Brexit vote low, and remains nearby, with the pound in sell-off mode a
Ani Salama / FX Street | Thu, 30 Jun 2016 19:22:53
The candidate: Donald J. Trump The gaffe: Trump arrived in Scotland hot on the heels of the Brexit vote last week, ready to promote his Turnberry golf resort. He cheerily reported: Just arrived in Scotland. Place is going wild over the vote. They took their country back, just like we ...
David A. Graham / The Atlantic | Thu, 30 Jun 2016 19:22:42
European markets were among the most heavily sold in the wake of the U.K.'s referendum vote. However, the Brexit sell-off may have opened up an opportunity for long-term investors to gain exposure to Europe related exchange traded funds on the cheap. European markets have been rebounding off the Brexit sell-off, ...
Max Chen / ETF Trends | Thu, 30 Jun 2016 19:18:45
Gold steadied, set for biggest monthly rise since February in the wake of Brexit.
CNBC | Thu, 30 Jun 2016 19:15:00
Editor's Note: After the U.K.'s referendum on membership of the EU, France is now being forced to look at itself in a mirror and ask itself if it will rally around the European ideal and forge an alliance with Germany to save the EU or if it will follow the ...
Philippe Le Corre / Brookings | Thu, 30 Jun 2016 19:00:00
( Steven Hayward ) I don't know why I didn't of looking weeks or months ago to see what SIR Roger Scruton had to say about the Brexit question, but naturally it turns out he said quite a lot, and all of it sensible. This video from last December is ...
Steven Hayward / Power Line | Thu, 30 Jun 2016 18:55:03
Voters around the world have indicated they're not afraid to take a flying leap. Here's the real challenge that poses, says former House Majority Leader Eric Cantor.
CNBC | Thu, 30 Jun 2016 18:54:00
The British pound traded more than 1 percent lower after Mark Carney, the head of the Bank of England, made remarks about the U.K. economy following the Brexit vote.
CNBC | Thu, 30 Jun 2016 18:50:00
The market really could care less about Brexit as stocks looks set for their third consecutive gain of 1% or more after the Bank of England said it sees rate cuts in the future . The S&P 500 has risen 1% to 2,092.21 at 2:35 p.m. today, while the Dow ...
Ben Levisohn / Stocks To Watch | Thu, 30 Jun 2016 18:49:17
Mark Blyth of Brown University and Gianpiero Petriglieri of INSEAD discuss Britain's vote to leave the European Union.
HBR | Thu, 30 Jun 2016 18:49:06
CLSA's Chris Wood, author of the popular Greed and Fear newsletter, chimes in on the consequences for Brexit with a note titled Dynamic" in which he focuses not so much on Britain as Italy and specifically the proposed Italian bailout which was first reported here and which circumvents European bailout ...
Tyler Durden / Zero Hedge | Thu, 30 Jun 2016 18:47:58
By Sonali Kolhatkar The National Rifle Association and lawmakers who pander to it bear much of the blame for our ridiculous gun laws, but it's up to ordinary Americans to fix the problem. Related Entries June 29, 2016 Comments of the Week: On the Meaning of Brexit June 27, 2016 ...
truthdig | Thu, 30 Jun 2016 18:45:58
After 2 big up days following 2 big down days after the Brexit vote, U.S. stocks up again.
USA Today | Thu, 30 Jun 2016 18:44:32
The pain goes on for the pound. The U.K.'s reputation as a haven has been tarnished.
Heard on the Street | Thu, 30 Jun 2016 18:43:17
The Bank of England governor could have held off for sterling to settle to announce a likely cut in interest rates, but why wait? "[A] plan beats no plan," said the Bank of England governor, Mark Carney, which was presumably a dig at the squabbling political class. And here's the ...
Nils Pratley / Guardian | Thu, 30 Jun 2016 18:42:27
The "Losers" Of Globalization Didn't Lose From Globalization by Chelsea German, Foundation For Economic Education A recent Washington Post analysis has argued that political events as diverse as the Brexit and the rise of Donald Trump can be explained by a "revolt" of [...] The post The "Losers" Of Globalization ...
Value Walk | Thu, 30 Jun 2016 18:41:06
S&P says European Union's status as safe haven for investments is now AA rather than AA+ The European Union has suffered a downgrade of its long-term credit rating following the UK's Brexit vote last week. In a move that will increase the borrowing costs for the 28-member bloc, the credit ...
Phillip Inman Economics correspondent / Guardian | Thu, 30 Jun 2016 18:34:22
Our columnist handicaps the race for the biggest financial prize since London was thrust to the fore.
JAMES B. STEWART / NY Times | Thu, 30 Jun 2016 18:33:15
LONDON, June 30- Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain's economy over the summer after the shock of last week's decision by voters to leave the European Union. Carney also said he would not consider resigning from the ...
CNBC | Thu, 30 Jun 2016 18:33:00
At a time when banks face pressure on a number of fronts, the situation in Europe doesn't help.
CNBC | Thu, 30 Jun 2016 18:31:00
The renewed downturn in interest rates and the rise in dividend yields helps to offset some of the Brexit bad news.
John Buckingham, Contributor / Forbes | Thu, 30 Jun 2016 18:30:00
Recent dips and dives of airline shares have been largely attributed to Brexit but are the Brits really to blame?
Rachel Reisman, Contributor / Forbes | Thu, 30 Jun 2016 18:26:00
The European Union's top trade official says the UK cannot begin negotiating terms for doing business with the bloc until after it has left the EU.
BBC | Thu, 30 Jun 2016 18:23:25
Three labour groups say Brexit vote means it is necessary to postpone board sign-off on project
FT | Thu, 30 Jun 2016 18:21:09
UK politics has been in utter turmoil since the country voted to leave the European Union last Thursday, and it's completely understandable if you're confused. This excellent Facebook post from Benjamin Blaine underscores just how batty the whole situation is: On the off chance that doesn't clear things up, here's ...
Dylan Matthews / Vox | Thu, 30 Jun 2016 18:20:02
While the rest of the world is freaking out about Brexit, or writing about how we shouldn't be freaking out about Brexit, or worrying that other countries will follow suit, at least one country isn't thinking about it. Canada. That is mostly because Canada's economy isn't meaningfully affected by Europe's. ...
Chloe Pfeiffer / Business Insider | Thu, 30 Jun 2016 18:19:00
It's once again time for The Atlantic's Business section editors to compile a list of the best things they've read (or listened to) in the past few weeks. This month, several best-loved stories had a similar theme: Examining troubling inequalities that have become so commonplace that most people hardly even ...
Gillian B. White / The Atlantic | Thu, 30 Jun 2016 18:18:19
Next couple of years will be ghastly but we'll learn how to get along
FT | Thu, 30 Jun 2016 18:17:13
"To rally behind the immigrant and refugee populations while handling a widely antagonistic white working class base entails significantly new tactics." In the days leading up to Thursday, Jeremy Corbyn was perhaps already attuned to the inevitable outcome of the referendum, stating to Sky News that he is "not going ...
Promise Li / Open Democracy | Thu, 30 Jun 2016 18:14:01
With the United Kingdom voting to end its membership in the European Union last week, there is significant uncertainty in the European economy. The free flow of goods, services and labor may not remain unrestricted across the U.K. and Europe, which could impact Amazon in more ways than one: Fulfillment ...
Trefis Team, Contributor / Forbes | Thu, 30 Jun 2016 18:14:00
**Most-Recent Must-Reads:** * **Timothy B. Lee**: [Brexit Isn't the Most Serious Threat to the EU - the Euro * **Jay Rosen**: [Facebook Backs Off on the View from Nowhere * **Andrew Golis**: [Comments Are Usually Garbage. We're Adding Comments to **Most-Recent Links:** * **Atrios**: [No One Will...
Grasping Reality | Thu, 30 Jun 2016 18:13:28
iStockphoto Janna HerronJune 30, 2016 The rate on the most common mortgage plunged to a three-year low last week following Great Britain's surprising popular vote to exit the European Union, according to two separate surveys that track the rate. That may help give a boost to the housing market. Freddie ...
jherr / Fiscal Times | Thu, 30 Jun 2016 18:11:43
A day after the most awkward three-way handshake in history between Obama, Trudeau, and Nieto, the latter's central bank just pushed rates higher by a bigger than expected 50bps to 4.25% (exp +25bps). The Peso is surging back (extending its bounce off January lows) retracing all the post-Brexit losses... on ...
Tyler Durden / Zero Hedge | Thu, 30 Jun 2016 18:09:27
Emily Gosden / Telegraph | Thu, 30 Jun 2016 18:02:38
James Simons discussed his views on computer trading, Brexit, the presidential race and infrastructure spending in an interview on CNBC.
CNBC | Thu, 30 Jun 2016 18:02:00
Christopher Langner of Bloomberg reports, Hedge Funds' Brexit Pain:Hedge fund managers won't admit it, but they live for the quarter. While some of the bigger firms update clients more often, regular outfits provide an update four times a year, after which investors often decide to redeem their holdings or leave ...
Leo Kolivakis / Leo Kolivakis | Thu, 30 Jun 2016 17:59:00
Standard & Poor's is the first major ratings agency to cut rating on the EU
Globe and Mail | Thu, 30 Jun 2016 17:58:45
Last Thursday I was coaching my son's little league team on their improbable quest to Williamsport... when I glanced at the headlines rapidly breaking in Britain: the vote was swelling towards the Brexit. My first thought was to discount the panic tone of the initial reports, as it was still ...
Market Anthropology | Thu, 30 Jun 2016 17:52:00
Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' after the United Kingdom voted to leave the bloc. "After the decision by the UK electorate to leave the EU...we have reassessed our opinion of cohesion within ...
Alfonso Esparza / OANDA | Thu, 30 Jun 2016 17:51:16
Future historians may conclude this is one of the most important ripple effects of the Brexit result
Gillian Tett | Thu, 30 Jun 2016 17:50:55
June 30 (Reuters) - Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' but raised its outlook to
Reuters | Thu, 30 Jun 2016 17:50:08
Submitted by Charles Hugh-Smith of OfTwoMinds blog, Any clique in the E.U. that thinks the U.S. will sit idly by while they "punish" the U.K. had better recalibrate their core interests and the potential for blowback. One constant in a fast-shifting global chess board is the special relationship between the ...
Tyler Durden / Zero Hedge | Thu, 30 Jun 2016 17:50:00
Peter Spence / Telegraph | Thu, 30 Jun 2016 17:46:39
When you are living off your investments in retirement, or nearing that point, a market drop, like the one from the recent Brexit vote, can be unnerving. It may feel like the stakes are higher than they were when you had years or decades before you would start to use ...
Fidelity Viewpoints Team, Fidelity / Forbes | Thu, 30 Jun 2016 17:44:00
Bloomberg: Carney Says BOE Summer Action Likely as Brexit Infects U.K. (video) Mark Carney said the Bank of England will probably have to loosen policy within months to deal with the fallout of the Brexit vote as he warned that there's only so much he can do to protect the ...
Between the Hedges | Thu, 30 Jun 2016 17:43:00
Candidates are all challenging the integrity of the single market's four freedoms
FT | Thu, 30 Jun 2016 17:41:42
Erik Ristuben, Russell Investments Chief Investment Strategist, thinks the market overreacted to the Brexit vote, and is following valuation; and Jim Tierney, AB CIO of U.S. Concentrated Growth, shares his market perspective on U.S. stocks versus overseas.
CNBC | Thu, 30 Jun 2016 17:41:00
(Reuters) - Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' after the United Kingdom voted to leave the bloc. "After the decision by the UK electorate to leave the EU...we have reassessed our opinion of ...
Business Insider | Thu, 30 Jun 2016 17:35:49
In the wake of Brexit, investors expected the traditional safe-haven currencies, the yen and Swiss franc, to soar. But it was the Brazilian real that really took off. An unlikely safe-haven, the real has risen by 4% against the U.S. dollar since last Thursday, the day the British voted to ...
Jon Sindreu / MoneyBeat | Thu, 30 Jun 2016 17:35:31
Even as major indexes were diving in the wake of Brexit, some individual investors-from retirees to college students to small-business owners-used the vote as a chance to buy.
WSJ | Thu, 30 Jun 2016 17:31:23
Latest developments from fallout of UK vote to leave EU
FT | Thu, 30 Jun 2016 17:31:04
Two paintings from the actor's collection sold at Christie's on Wednesday.
Alanna Martinez / NY Observer | Thu, 30 Jun 2016 17:31:01
Many businesses have their head in the sand following Brexit. Shutterstock Some businesses I have been speaking to recently appear to under the impression that Brexit will never happen. Or, at least, if it does, it will be a similar arrangement in all but name. They may come into a ...
Jonathan Webb, Contributor / Forbes | Thu, 30 Jun 2016 17:31:00
June 30 (Reuters) - Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' after the United Kingdom voted to leave the bloc.
Reuters | Thu, 30 Jun 2016 17:30:00
SAN FRANCISCO, June 30 (Reuters) - Britain's vote to exit the European Union last week will tend to reduce economic growth, but its political and economic effects will take "a significant amount of...
Reuters | Thu, 30 Jun 2016 17:29:03
PARIS - Britain's vote to quit the EU won't affect negotiations to hammer out a EU-US trade deal aimed at creating the world's largest free trade and investment area, the EU's top trade official said Thursday.
Bangkok Post | Thu, 30 Jun 2016 17:27:00
Brexit Fallout - The Italian Job by Danielle DiMartino Booth, Money Strong "You're only supposed to blow the bloody doors off!" That one line, spoken on the big screen by Michael Caine was crowned, according to a 2003 Daily Telegraph [...] The post The Italian Job appeared first on ValueWalk ...
Value Walk | Thu, 30 Jun 2016 17:26:27
They must have heard about George Soros urging the EU to borrow multi-billions:) The S&P statement: Long-Term Rating On Supranational Institution The European Union Lowered To 'AA' On Brexit Referendum; Outlook Stable The European Union (EU) supranational borrows on the capital markets to lend to member states and certain other ...
Robert Wenzel / Economic Policy Journal | Thu, 30 Jun 2016 17:23:00
Nomura: Expect China's Economy To Slow In H2 While Brexit has been grabbing headlines across the world for much of the past two weeks, economic developments in China have gone relatively unnoticed. Chinese policymakers continue to drive the country's economic [...] The post Nomura: Expect China's Economy To Slow Even ...
Rupert Hargreaves / Value Walk | Thu, 30 Jun 2016 17:22:21
Earlier this week we noted that Hillary's lead over Donald Trump in the polls was either 1% or 12%, depending on which poll you believed. We also pointed out that the polls were taken prior to the UK referendum, and as both candidates held different views on the matter, we ...
Zero Hedge | Thu, 30 Jun 2016 17:20:40
Seeking Alpha | Thu, 30 Jun 2016 17:19:27
Entrepreneurs may not have voted for the UK to leave the EU but they'll deal with the ramifications of Brexit the same way they deal with any other unforeseen hurdle.
Freddie Dawson, Contributor / Forbes | Thu, 30 Jun 2016 17:19:00
BRIEF-S&P lowers long-term rating on supranational institution the European Union to 'AA' on Brexit referendum
* Long-Term rating on supranational institution the European Union lowered to 'AA' on Brexit referendum; outlook stable
Reuters | Thu, 30 Jun 2016 17:18:00
Neil Hall / Reuters Liz PeekJune 30, 2016 What a difference a week makes. As various parties in Britain campaigned to leave the EU, the media derided their quest as the byproduct of xenophobia and bigotry. Voters preferring "Brexit," we were told, were uneducated, older and mostly white English people ...
arader / Fiscal Times | Thu, 30 Jun 2016 17:14:31
Tech companies will grin and bear the consequences of a Brexit as they are forced to serve an increasingly fragmented set of global customers.
CNBC | Thu, 30 Jun 2016 17:11:00
John McFarlane says companies should not lose sight of Europe as a market as prime minister warns business leaders against becoming 'fixated' on EU Follow the business live blog here Britain needs to retain its ties with Europe after Brexit while building a new international model for financial services, the ...
Phillip Inman Economics correspondent / Guardian | Thu, 30 Jun 2016 17:09:21
June 30- Wall Street rose in afternoon trading on Thursday after Bank of England Governor Mark Carney raised the prospect of an interest rate cut following Britain's vote to leave the European Union. Carney's comments added more steam to a recovery rally after a two-day post-Brexit carnage that erased about ...
CNBC | Thu, 30 Jun 2016 17:09:00
First S&P downgraded the UK, now it's the EU's turn. Long-Term Rating On Supranational Institution The European Union Lowered To 'AA' On Brexit Referendum; Outlook Stable The European Union (EU) supranational borrows on the capital markets to lend to member states and certain other governments on a back-to-back basis. The ...
Tyler Durden / Zero Hedge | Thu, 30 Jun 2016 17:06:58
White House Spokesperson Josh Earnest makes remarks to reporters at the daily White House press briefing.
MSNBC | Thu, 30 Jun 2016 17:05:38
LONDON, June 30 (Reuters) - Britain should negotiate the preliminary terms of its exit from the European Union before triggering the formal Article 50 exit process, said Conservative lawmaker Michael...
Reuters | Thu, 30 Jun 2016 17:03:18
Industry concerned banking will dominate negotiations
FT | Thu, 30 Jun 2016 17:02:34