Brexit News Archive: 30 Jun 2016

Strategies: After a Market Recovery, Until the Next Crisis

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

Biotech's Top 5 Losers, and Winners, From Q2 2016

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

Brexiters at war as Johnson pulls PM bid

Michael Gove turns on Leave ally and joins race for Tory leadership
FT   |   Thu, 30 Jun 2016 22:24:53

No Boris, No Brexit? Five Scenarios For What Happens Next in Britain's European Union Crisis

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 World Next Week: June 30, 2016

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

Market Recap Jun 30, 2016

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

Are Credit Cards More Innovative Than FinTech Startups?

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

10 things we learned at Brookings in June

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

Brexit leads to expats considering switching passports

Press Association / Telegraph   |   Thu, 30 Jun 2016 21:36:50

Jim Simons - Math PhDs running the markets "The Way It Should Be"

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

Can You Believe It? Dow Industrials End Year's First Half Higher, Brexit Be Damned

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

Keep Calm And Carry On: Investing Giant Howard Marks On What To Do Post-Brexit

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 Post-Brexit Stock Buys? Shop Legg Mason

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

Paul Krugman Blog: The Macroeconomics of Brexit: Motivated Reasoning?

Sloppy thinking is always a vice.
PAUL KRUGMAN / NY Times   |   Thu, 30 Jun 2016 21:04:06

Brexit talks will be stunningly complex. Who will provide the statesmanship we need?

Tony Blair / Telegraph   |   Thu, 30 Jun 2016 21:00:00

Week Ahead - BOE Reacts to Brexit Vote

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 stuns US market with US$1bn post-Brexit bond

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

JPM Head Quant Explains How The Algos Traded The Brexit Crash, And Why He Sees "Elevated Risk"

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

ETF Performance Report: Q2 & June

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

Gold Daily and Silver Weekly Charts - Hi Yo Silver!

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

WATCH: Brookings experts discuss Brexit

"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

Questor share tip: Hammerson is strong enough to weather Brexit storm

Rhiannon Bury / Telegraph   |   Thu, 30 Jun 2016 20:33:24

Stocks soar again, regain nearly all of Brexit losses

Seeking Alpha / Seeking Alpha   |   Thu, 30 Jun 2016 20:25:19

Nowhere To Hide In Europe - Equity Correlations Are Historically High

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

EU wants to move forward after Brexit

Great Britain's prime minister election is slowing the legal processes associated with Brexit.
CNBC   |   Thu, 30 Jun 2016 20:20:00

Some Traders See Emerging Markets Coming Back

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

After Vote, Europeans Jockey for London’s Business

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

Silver Surges To 21-Month Highs, Gold-Ratio Crashes

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

Millennials bought stocks even after Brexit

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

If You Like Gold, Buy Silver

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

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

Brexit Is Bad For Asset Managers' Credit, But Won't Sink Sector

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

S&P 500 shakes off Brexit to 1.9% 2nd-quarter gain

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

UK move to set CO2 target faces challenge

Lord Lawson think-tank says Brexit may render binding goal on cuts illegal
FT   |   Thu, 30 Jun 2016 20:08:15

Brexit Never Happened

Tim Knight / Tim Knight   |   Thu, 30 Jun 2016 20:04:34

Infrastructure projects are vital to our post-Brexit future

James Quinn / Telegraph   |   Thu, 30 Jun 2016 20:03:38

Brexit vote huge for UK, global markets coping well-Fed's Bullard

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

EU Credit Rating Cut After UK's Brexit Vote

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

The EU is doomed to fail, Taleb says

Brexit is part of a rebellion that may be spreading, author Nassim Taleb said Thursday.
CNBC   |   Thu, 30 Jun 2016 20:02:00

STOCKS SURGE FOR A 3RD DAY: Here's what you need to know (SPY, SPX, DJI, IXIC, MDLZ, HSY)

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

More stable markets ahead, says expert

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

Why Brexit Is Bad News For UK's Independent Music Industry

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

Mexican Central Bank Raises Rates After Brexit Fallout

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

Anti-Brexit Elites Aren't The Ones Who Suffer from Their Policies

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

The Brexit Effect: The Signals Amidst the Noise

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

US Leveraged Loan Issuance Surges In Second Quarter, Though Brexit Looms

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

UPDATE 1-S&P downgrades European Union to 'AA' after Brexit

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

Brexit vote leads S&P to cut European Union credit rating

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

Letters: After the Vote

Readers react to the stunning result of the referendum.
/ NY Times   |   Thu, 30 Jun 2016 19:37:15

U.S. Corporate Earnings Are Set To Improve, But Brexit Impact Looms

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

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

Brexit has demolished George Osborne's deficit plan. The next PM will need one of their own

Jeremy Warner / Telegraph   |   Thu, 30 Jun 2016 19:29:19

Brexit and the Idea of European Disintegration

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

Don't Chase This Rally; Weak Outlook for Stocks

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

GBP/CAD approaches post-Brexit lows after Carney

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

Gaffe Track: Trump's Wee Scottish Blunder

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

Brexit Opens Opportunity for Europe ETFs

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 steadies, set for best month since February after Brexit shock

Gold steadied, set for biggest monthly rise since February in the wake of Brexit.
CNBC   |   Thu, 30 Jun 2016 19:15:00

The Brexit contagion could consume the French elite next

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

Sir Roger Scruton on Brexit

( 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

Here's the challenge that the Brexit vote poses now

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

Sterling falls as Carney speaks, Yuan touches six-month low

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

You Gotta Be Kidding Me: Dow Jumps 190 Points as Brexit Might as Well Not Exist Anymore

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

Brexit and the Leadership Equivalent of Empty Calories

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

Chris Wood: "It Will Take A Political Genius To Hold The EU Together", Italy Is The Flash Point

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

Our Skewed Politics on Gun Ownership Are a Deadly Joke

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

Stock rally extends to 3rd day as Dow up 200 points

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

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.
Heard on the Street   |   Thu, 30 Jun 2016 18:43:17

Unlike politicians, Mark Carney looks to be taking the initiative post-Brexit

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

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

EU's credit rating downgraded after UK's vote to leave

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

Common Sense: After Finding a New London for the Financial World to Call Home

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

UPDATE 2-Bank of England's Carney sees need for summer stimulus after Brexit shock

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

Charting US banks' exposure to Brexit

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

Keep Calm and Carry On...25 Brexit Bargains

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

Delta, United, American: Brexit Made A Bad Year Much Worse For Airlines

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

EU Trade Commissioner: No trade talks until full Brexit

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

Unions urge EDF to delay Hinkley decision

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

This Facebook post is a perfect explanation of how nonsensical Brexit has made UK politics

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

Canada has much bigger worries than Brexit

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

June's Best Reads: Brexit, Sushi, and Everyday Inequality

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

How the City can survive Brexit to thrive

Next couple of years will be ghastly but we'll learn how to get along
FT   |   Thu, 30 Jun 2016 18:17:13

My 350 on BREXIT: Which options are Left?

"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

How Can Brexit Impact Amazon?

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

Current Links

**Most-Recent Must-Reads:** * **Timothy B. Lee**: [Brexit Isn't the Most Serious Threat to the EU - the Euro * **Jay Rosen**: [Facebook Backs Off on the View from Nowhere * **Andrew Golis**: [Comments Are Usually Garbage. We're Adding Comments to **Most-Recent Links:** * **Atrios**: [No One Will...
Grasping Reality   |   Thu, 30 Jun 2016 18:13:28

Brexit's Gift to US Homebuyers: Mortgage Rates Tumble to 3-Year Lows

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

Peso Soars To Pre-Brexit Levels As Mexico Raises Rates More Than Expedcted

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

Shell urges continued free trade and free movement of people post-Brexit

Emily Gosden / Telegraph   |   Thu, 30 Jun 2016 18:02:38

PRO Uncut: James Simons

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

Hedge Funds' Brexit Pain?

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

S&P cuts rating on EU to 'double-A' after Brexit

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

Silver Linings

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

S&P Downgrades EU to AA Due to Brexit

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

Now watch the interest rate outlook shift

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

UPDATE 1-S&P cuts rating on EU to 'AA' after Brexit

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

Brexit, The E.U., & The "Special Relationship" Of The U.S./U.K.

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

UK's 'second deficit' threatens household living standards after Brexit

Peter Spence / Telegraph   |   Thu, 30 Jun 2016 17:46:39

FidelityVoice: Retirees: Six Tips For Volatile Markets

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

Today's Headlines

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

Tory race narrows Brexit divorce options

Candidates are all challenging the integrity of the single market's four freedoms
FT   |   Thu, 30 Jun 2016 17:41:42

US market expensive: Pro

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

S&P cuts rating on EU to 'AA' after Brexit

(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

What Currency to Buy After Brexit? Try the Brazilian Real

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

Brexit Signaled 'Buy!' for These U.S. Investors

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

Brexit live - Tories vie for top spot as Carney warns

Latest developments from fallout of UK vote to leave EU
FT   |   Thu, 30 Jun 2016 17:31:04

Johnny Depp Basquiats Sell for $11.5M, Brexit Woes Don't Scare All Dealers

Two paintings from the actor's collection sold at Christie's on Wednesday.
Alanna Martinez / NY Observer   |   Thu, 30 Jun 2016 17:31:01

Businesses Are Still Not Prepared For Brexit: Many Are In Denial That UK Will Leave EU

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

S&P cuts rating on EU to 'AA' after Brexit

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

Fed's Kaplan says Brexit to reduce growth: Bloomberg News

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

US-EU trade 'unaffected' by Brexit

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

The Italian Job

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

S&P Downgrades European Union From AA+ To AA

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 Even Further In H2

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

Trump Jumps To Four Point Lead Over Clinton In First Post-Brexit Poll

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

Brexit's 'Yield': Negative $1 Trillion

Seeking Alpha   |   Thu, 30 Jun 2016 17:19:27

Entrepreneurs Didn't Vote For Brexit In UK EU Referendum But They'll Deal With It

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

After Brexit, EU Leaders Must Wake Up and Smell the Rage

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

Brexit forces shift in strategy, says Box CEO

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

Britain must repair ties with Europe after Brexit, says Barclays chairman

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

US STOCKS-Wall St rallies after BoE governor hints at stimulus

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

S&P Downgrades European Union From AA+ To AA - Full Text

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

LIVE: White House on Brexit

White House Spokesperson Josh Earnest makes remarks to reporters at the daily White House press briefing.
MSNBC   |   Thu, 30 Jun 2016 17:05:38

UK must negotiate Brexit before Article 50 - Conservative Gove says

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

Insurers want a voice in Brexit talks

Industry concerned banking will dominate negotiations
FT   |   Thu, 30 Jun 2016 17:02:34

Bank of England flags up summer stimulus to counter Brexit effects

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects...
euronews   |   Thu, 30 Jun 2016 16:59:57

LPC: U.S. leveraged loan market strong post Brexit vote

NEW YORK, June 30 (Reuters) - Outside of a pair of opportunistic leveraged loan deals that were shelved following the announcement that the United Kingdom had voted to pull out of the European Union,...
Reuters   |   Thu, 30 Jun 2016 16:58:58

Promising Canadian IPO cancelled amid Brexit turmoil

Mortgage lender MCAP filed for a $275-million IPO in May
TIM KILADZE / Globe Investor Streetwise   |   Thu, 30 Jun 2016 16:57:49

Deutsche Bank lags as European shares extend post-Brexit bounce

*Britain's FTSE ends June on 2016 high. MILAN, June 30- European shares rose for a third straight session on Thursday, with expectations of central bank stimulus helping ease jitters over Britain's vote last week to exit the European Union. "Investors are expecting more central bank stimulus and this explains why ...
CNBC   |   Thu, 30 Jun 2016 16:57:00

Why Brexit is great news for U.S. homebuyers

The average rate of a 30-year fixed mortgage dropped to 3.48% -- the lowest level since May 2013, according to Freddie Mac.
CNN   |   Thu, 30 Jun 2016 16:56:50

It's the end of the world as we know it ... and the FTSE100 feels fine, by Scott Sumner

As I write this, Britain's FTSE100 stock index is soaring to its highest levels of the year. Admittedly, the domestic indices aren't doing that well, but they are also recovering. So what about all the gloom and doom associated with Brexit? It's hard to know for sure, but here's one ...
EconLog   |   Thu, 30 Jun 2016 16:56:28

U.K. Stock Index Above Pre-Brexit Vote Level

Britain's main stock market is back above where it was before the vote to leave the European Union plunged the country into turmoil.
U.S. News   |   Thu, 30 Jun 2016 16:56:17

Milan bourse closes 1.57% up (2)

Milan, June 30 - The Milan bourse closed 1.57% up Thursday with the FTSE-MIB rising to 16,197 points as banking stocks rallied again, recovering from Brexit turmoil and buoyed by a reported EU OK to a 150-billion-euro public guarantee. UniCredit gained 2.2% after the appointment of its former invest
Gazzetta Del Sud   |   Thu, 30 Jun 2016 16:55:00

Brexit - Europe plots a bank heist

London-based companies may need to move chunks of their business to the continent - but which city?
FT   |   Thu, 30 Jun 2016 16:54:52

Republicans Push for Bilateral Trade Agreement With the U.K.

The Brexit has prompted the first move by congressional Republicans to press for a bilateral trade agreement with the U.K., a subtle rebuke of President Barack Obama, who said before the vote that the U.K. would move to the "back of the queue" for a trade deal.
WSJ Washington Wire   |   Thu, 30 Jun 2016 16:52:47

Do The Charts Agree With George Soros On Brexit?

Current Rally Impressive, But... Stocks have staged an impressive rally off the recent Brexit low, which may turn into a push to higher highs. However, as noted on Twitter, the S&P 500's chart currently contains two lower highs, and a recently printed new multi-month low. The chart may very well ...
admin / Short Takes   |   Thu, 30 Jun 2016 16:51:43

Brexit backers took 'an American-style...

U.S. ad-makers told Brexit backers, "Facts don't work."When we talk about exporting American values around the world, this really isn't what we're referring to.
Steve Benen / MSNBC   |   Thu, 30 Jun 2016 16:50:51

Brexit has thrown the UK's two major parties into civil war

In the past two days, both major political parties in the UK have fallen into complete and total chaos. You can blame Brexit. On Tuesday, members of Parliament for the center-left Labour Party held a vote of no-confidence against their party leader, Jeremy Corbyn. The vote passed by an overwhelming ...
Zack Beauchamp / Vox   |   Thu, 30 Jun 2016 16:50:02

Google's Schmidt says Brexit vote unlikely to shift investment

PARIS (Reuters) - Google boss Eric Schmidt said on Thursday that Britain's referendum vote to leave the European Union was unlikely to lead to a shift in the U.S. tech giant's business activities. "I think it unlikely that Google would change our allocation based on this," Schmidt told a Paris ...
Business Insider   |   Thu, 30 Jun 2016 16:46:03

How Will Brexit Affect EU Sanctions Against Russia?

How Will Brexit Affect EU Sanctions Against Russia? by Frank Holmes Brexit has dominated world headlines for the last couple of weeks, and with good reason: The U.K.'s historic referendum has already roiled markets around the globe; raised serious questions [...] The post How Will Brexit Affect EU Sanctions Against ...
Frank Holmes / Value Walk   |   Thu, 30 Jun 2016 16:45:17

The U.K.'s Unpalatable Brexit Choice

Britain faces a choice between a model of Brexit that aims to retain as far as possible the current benefits of EU membership or one in which it largely reverts to trading with the EU on WTO terms, Simon Nixon writes.
WSJ   |   Thu, 30 Jun 2016 16:37:59

Spread closes on 138.6

Rome, June 30 - The spread between Italian and German 10-year bonds, a gauge of Italy's borrowing costs and investor confidence, closed on 138.6 points compared to 150 at Wednesday's close as Brexit aftershocks continued to wane Thursday. The yield was 1.254%.
Gazzetta Del Sud   |   Thu, 30 Jun 2016 16:37:00

UPDATE 1-Bank of England's Carney sees need for summer stimulus after Brexit shock

* Carney says won't bow to critics in Westminster (Updates with market reaction)
Reuters   |   Thu, 30 Jun 2016 16:35:49

Europe screaming buy: Shark Tank's O'Leary

Kevin O'Leary, O'Shares Chairman and O'Leary Funds co-founder, shares his Brexit trade. "Yes, I am in love with Europe, but not European banks," says O'Leary.
CNBC   |   Thu, 30 Jun 2016 16:35:00

Haven sectors are having a good crisis

Shares in mining, pharma and consumer companies rise after Brexit vote
FT   |   Thu, 30 Jun 2016 16:32:04

Brexit, Reformation edition

In 1532 Henry VIII effected a series of acts of parliament to formalise his kingdom's breakaway from Rome. As Rupert Gavin commented in the FT last week what happened next ended up defining the Britain of today: Back then, after a period of near bankruptcy, constant war and disruption, the ...
Izabella Kaminska / FT Alphaville   |   Thu, 30 Jun 2016 16:31:38

Gatwick tops 40m passengers for first time

Terminal operator predicts continued growth in 2016 despite Brexit
FT   |   Thu, 30 Jun 2016 16:30:38

The Waiting Game After the Brexit Vote

The result of the U.K. referendum has been known for almost a week. The market's snap verdict is in. But investors face a frustrating wait to find out what the economic data shows.
Richard Barley / MoneyBeat   |   Thu, 30 Jun 2016 16:30:11

Stop Dismissing Donald Trump, Brexit Supporters As Stupid or Racist

It's unproductive to dismiss Donald Trump supporters and Brexit voters as 'stupid' or 'racist.'
Jean Card / U.S. News   |   Thu, 30 Jun 2016 16:30:00

Savoring the Brexit Freakout

( Steven Hayward ) The collective freakout by the elites finds no better expression than in the indignation of CNN's execrable Christiane Amanpour, who gets smacked back quite effectively by the impressive Daniel Hannan:
Steven Hayward / Power Line   |   Thu, 30 Jun 2016 16:29:04

London stocks hit August highs as Bank of England hints at summer rate cut

London's FTSE100 staged a dramatic recovery late in the Thursday session to close higher along with small-cap stocks after the Bank of England said it might cut historically low rates even further in the wake of Britain's surprise Brexit referendum result. The blue-chip ticker ended up 2.3% at 6,504 - ...
Proactive Investors   |   Thu, 30 Jun 2016 16:24:00

J.P. Morgan's Brexit Ace Up Its Sleeve: Tony Blair

When it comes to U.S.-U.K. relations, J.P. Morgan Chase has its own special relationship
Emily Glazer / MoneyBeat   |   Thu, 30 Jun 2016 16:18:56

Is Brexit market panic already over? Nope!

Investors seem to be over the Brexit fears that gripped the market just after the U.K. voted to leave the European Union. But experts say that the volatility isn't over yet.
CNN   |   Thu, 30 Jun 2016 16:17:34

Four Ways To Sabotage The Brexit Verdict

Four Ways To Sabotage The Brexit Verdict by Jeff Nielson, Sprott Money The Brexit vote will be rigged. Regular readers saw that prediction in a recent commentary . The reasoning behind the prediction was straightforward. The oligarch puppet-masters who control [...] The post Four Ways To Sabotage The Brexit Verdict ...
Sprott Money / Value Walk   |   Thu, 30 Jun 2016 16:17:33

Conservative leadership candidate Gove says next PM needs to back Brexit

LONDON, June 30 (Reuters) - Britain's next prime minister should be someone who supports the country's decision to leave the European Union, Michael Gove, a prominent 'Out' campaigner who earlier...
Reuters   |   Thu, 30 Jun 2016 16:16:02

WSJ City's Brexit Briefing: Carney Sends Markets on Wild Ride, Boris Bows Out

Good afternoon from London. Here's essential reading on today's Brexit developments. MUST READS FROM WSJ CITY Bank of England Governor Mark Carney sent markets on a wild ride towards the end of Thursday after saying he is eying a summer rate cut and other easing measures in coming months. He ...
Phillipa Leighton-Jones / MoneyBeat   |   Thu, 30 Jun 2016 16:12:08

IMF Urges Policy Makers to Prepare Brexit Contingency Plans

Brexit-fueled uncertainty is the biggest risk to the global economy as financial market tremors from the U.K.'s decision to exit the EU could further shake the world, the International Monetary Fund warned.
WSJ   |   Thu, 30 Jun 2016 16:10:08

Recruiters: panic need not apply

Investors in job agencies have overreacted to Brexit
FT   |   Thu, 30 Jun 2016 16:09:23

Milan bourse closes 1.57% up

Milan, June 30 - The Milan bourse closed 1.57% up Thursday with the FTSE-MIB rising to 16,197 points as banking stocks rallied again, recovering from Brexit turmoil. UniCredit gained 2.2% after the appointment of its former investment banking chief, Jean-Pierre Mustier, as CEO, replacing Federico Gh
Gazzetta Del Sud   |   Thu, 30 Jun 2016 16:09:00

Airline Ryanair Jabs At United Kingdom Following Brexit

While the world continues to grapple with the ramifications of Brexit, Ireland's budget airline Ryanair is having a snicker at the United Kingdom's expense. Early Thursday, Ryanair.com featured a shoddily Photoshopped image of British politician Boris Johnson riding a bicycle with the words "BYE BYE EUROPE!" next to him. The ...
Fernando Alfonso III, Contributor / Forbes   |   Thu, 30 Jun 2016 16:04:00

Euro Crashes As ECB Announces Moar QE

Well that didn't take long... *ECB SAID TO WEIGH LOOSER QE RULES AS BREXIT DEPLETES ASSET POOL *ECB OPTIONS SAID TO INCLUDE MOVING AWAY FROM QE CAPITAL KEY *ECB SAID TO BE CONCERNED ABOUT SHRINKING POOL OF ELIGIBLE DEBT Just as we warned.
Tyler Durden / Zero Hedge   |   Thu, 30 Jun 2016 16:02:26

Lost passports: a guide to the Brexit fallout for the City of London

If the UK cannot secure a 'Norway' deal and stay within the internal market, the UK will lose passporting rights for financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK's wholesale banking and trading ...
Dirk Schoenmaker / Bruegel   |   Thu, 30 Jun 2016 15:57:34

Markets shift after Carney speech

The pound falls and UK shares rise after Bank of England governor Mark Carney hints at fresh stimulus measures after the Brexit vote.
BBC   |   Thu, 30 Jun 2016 15:56:58

trio works v.well-Elysee sources (2)

Paris, June 30 - The trio formed by german Chancellor Angela Merkel, French President Francois Hollande and Italian Premier Matteo Renzi "works very well, I should say extremely well, and together they are working to respond to Brexit," a source at Hollande's office said Thursday. "They seem a very
Gazzetta Del Sud   |   Thu, 30 Jun 2016 15:56:00

Is Brexit All Bad For Deutsche Bank?

Less than a week after British voters decided to leave the European Union, the International Monetary Fund issued a report Wednesday stating that Germany's largest bank may also be the largest contributor to systemic risks among the largest lenders globally. "Deutsche Bank appears to be the most important net contributor ...
Ely Razin, Contributor / Forbes   |   Thu, 30 Jun 2016 15:54:00

Brexit: History Says Stocks Recover Quickly From Market Events

Key Takeaway: While the results of the UK vote and advisory referendum have prompted swift reaction in the financial markets, the political path forward is uncertain. Further, there should be... The post Brexit: History Says Stocks Recover Quickly From Market Events appeared first on See It Market .
Willie Delwiche / See It Market   |   Thu, 30 Jun 2016 15:53:35

BBC presenter subjected to racism and told to 'go home' days after Brexit vote

Nicola Harley / Telegraph   |   Thu, 30 Jun 2016 15:49:09

Italy rescues bank after bailout plea fails

Germany turns down Renzi's request to ease rules during Brexit turmoil
FT   |   Thu, 30 Jun 2016 15:48:23

Keep Calm And Carry On: Globally Investing After The Brexit Vote

The British referendum vote, frequently referred to as Brexit, held late last week to decide whether or not the U.K. should remain tethered to the EU will certainly be remembered as a historic moment. However, the story of Britain's exit from the EU is far from over. In fact, the ...
Jim Cahn, Contributor / Forbes   |   Thu, 30 Jun 2016 15:48:00

Bank of England's Carney sees need for summer stimulus after Brexit shock

'In my view ... some monetary policy easing will likely be required over the summer,' he said in a speech on Thursday
William Schomberg and David Milliken / Globe and Mail   |   Thu, 30 Jun 2016 15:44:58

Treachery, trust and the Tories: how Michael Gove sank Boris Johnson

From heir apparent to meek exit in one chaotic morning. After a week of post-Brexit political turmoil, former London mayor Boris Johnson's decision not to seek the Tory leadership is arguably the biggest surprise of all. Having led the Leave campaign in the EU referendum, the assumption was that Johnson ...
Tom Quinn, Senior Lecturer, Department of Government, University of Essex / The Conversation   |   Thu, 30 Jun 2016 15:43:21

The town that rebelled against its pro-EU employers

Swindon's high-tech firms urged their workers to vote remain. So why did a majority of residents vote for Brexit? In the Old Town high street, beneath a union jack, the wine merchant's blackboard lures customers with the promise of 150 new gins. Nearby, the Wood Street food hall sells only ...
Sandra Laville / Guardian   |   Thu, 30 Jun 2016 15:43:16

Lehman Was NOT A Moment

As markets bounce back from the lows on Monday I think it is worthwhile remembering that the so-called "Lehman Moment" never existed and it might be far too early to signal the 'all clear' on Brexit (and in my official capacity I was a bull until well into yesterday's rally). ...
Peter Tchir, Contributor / Forbes   |   Thu, 30 Jun 2016 15:43:00

Russia May Be Brexit's Biggest Winner

Brexit has dominated world headlines for the last couple of weeks, and with good reason: The U.K.'s historic referendum has already roiled markets around the globe; raised serious questions about immigration, trade and diplomacy; cast a harsh spotlight on the EU's avalanche of rules and regulations; and divided member states ...
Frank Holmes, Contributor / Forbes   |   Thu, 30 Jun 2016 15:42:00

Brexit aftershocks hit Spain

Did Brexit have anything to do with the disappoiting resuts for Podemos in Sunday's Spanish elections? Podemos leader Pablo Iglesias. Paimages/Francisco Seco. All rights reserved.Huge Brexit shockwaves hit the coasts of Spain early Friday morning, when the smell of powder's smoke and the bitter taste of cheap bubbly were slowly ...
Francesc Badia i Dalmases / Open Democracy   |   Thu, 30 Jun 2016 15:38:06

Markets wrong on Brexit: BlackRock

Markets appear to be betting a Brexit will either be benign or will not happen, BlackRock's Jeff Rosenberg said.
CNBC   |   Thu, 30 Jun 2016 15:38:00

ANALYSIS. Article 50 Of The Lisbon Treaty: The Rules For Brexit

EUobserver. Belgium.
EUobserver. Belgium. / World Affairs   |   Thu, 30 Jun 2016 15:37:42

Mortgage Rates: A New Low For the Year. Thanks, Brexit!

Mortgage rates hit a new low for the year, falling to 3.48 percent after Britain voted for a divorce from Europe. Last week, the average 30-year fixed-rate loan was 3.56 percent, according to Freddie Mac. A year ago it was above 4 percent. We're this close to the record low ...
Lorraine Woellert, Contributor / Forbes   |   Thu, 30 Jun 2016 15:37:00

Brexit Is No Bust for U.S. Manufacturing

An improving U.S. manufacturing sector is expected to stay on track regardless of Brexit.
WSJ   |   Thu, 30 Jun 2016 15:36:11

LPC: US syndicated lending surged before Brexit, election volatility

NEW YORK, June 30 (Reuters) - Budding optimism about the U.S. economy, rising oil prices and a brief lull in volatility spurred companies to lock in low interest rates in the second quarter, driving...
Reuters   |   Thu, 30 Jun 2016 15:35:00

After Brexit, which way for fashion?

How luxury brands will navigate the post-referendum landscape
FT   |   Thu, 30 Jun 2016 15:30:10

Trump offers the kind of simplistic fixes that 'Brexit' supporters sought

I was on a ferry making passage to Athens from a remote island in the Aegean when I learned that a 52% majority of British voters had chosen to pull their country out of the European Union. It was ironic to get this news in Greece because, just a year ...
David Horsey / LA Times   |   Thu, 30 Jun 2016 15:30:00

Invesco updates on business post-Brexit, will quicken buybacks

Seeking Alpha / Seeking Alpha   |   Thu, 30 Jun 2016 15:29:01

BoE's Carney hints at summer rate cut

In a speech on the economic and financial implications of the Brexit vote, BoE Governor Mark Carney said he favors a rate cut "over the summer", addin
Ani Salama / FX Street   |   Thu, 30 Jun 2016 15:28:07

UPDATE 1-IMF says 'Brexit' uncertainty to dampen near-term growth outlook

WASHINGTON, June 30 (Reuters) - Uncertainty over Britain's looming departure from the European Union will dampen near-term economic growth for the UK and the rest of Europe and affect output...
Reuters   |   Thu, 30 Jun 2016 15:28:05

CARNEY: There are limits to what the Bank of England can do

Bank of England governor Mark Carney says that the central bank will likely have to engage in a further programme of quantitative easing over the summer, as a response to the UK's vote to leave the European Union last week. But, more importantly, he warned that there are "limits" to ...
Will Martin / Business Insider   |   Thu, 30 Jun 2016 15:26:35

Making Sense of Brexit

This article was originally published at Stratfor.com. Editor's Note:The Global Affairs column is curated by Stratfor's editorial board, a diverse group of thinkers whose expertise inspires rigorous and innovative thought in our analyses. Though their opinions are their own, they inform and sometimes even challenge our beliefs. We welcome that ...
Stratfor, Contributor / Forbes   |   Thu, 30 Jun 2016 15:26:00

Poll Shows Brexit Vote Was About British Sovereignty, Not Anti-Immigration

Britain's vote to leave the EU was a demand for self-determination and rejection of big government.
Peter Roff / U.S. News   |   Thu, 30 Jun 2016 15:25:00

Stock rally extends to 3rd day as Dow up 100 on last day of 2nd quarter

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 15:22:51

New World Order Statist Soros Speaking to the European Parliament Calls for Multi-Billions in EU 'Surge Funding'

One world order super-statist George Soros By Robert Wenzel The billionaire statist Geore Soros appeared today before the European Parliament and delivered a speech discussing what the EU should do in the wake of Brexit. If you weren't sure Soros was an all out one world order statist before this ...
Robert Wenzel / Economic Policy Journal   |   Thu, 30 Jun 2016 15:21:00

Negative-yield debt up $1.3tn to $11.7tn

Investors expect central banks to boost stimulus measures in the wake of UK's Brexit vote
FT   |   Thu, 30 Jun 2016 15:20:58

Tinder, But for Brexit

Remember that saying, "there's an app for that," from an Apple commercial in 2009? Several years later, the slogan's novelty has worn off-hundreds of apps are added to stores each day-and people expect to find something for, well, everything. So it shouldn't be too surprising that someone went and made ...
Marina Koren / The Atlantic   |   Thu, 30 Jun 2016 15:20:06

Interest rate cut likely after Brexit, says Mark Carney

Bank of England governor says rate will probably have to come down to cushion blow to UK economy The Bank of England is likely to have to cut interest rates over coming months to cushion the blow to the economy from the Brexit vote, its governor, Mark Carney, has said. ...
Katie Allen / Guardian   |   Thu, 30 Jun 2016 15:14:56

Bank of England could cut interest rates next month

Interest rates could be cut next month in response to Brexit, according to Bank of England governor Mark Carney.
BBC   |   Thu, 30 Jun 2016 15:13:08

UK may need more stimulus by summer: BoE

Bank of England governor Mark Carney forecast a "material slowing" in economic growth as a result of last week's shock referendum result.
CNBC   |   Thu, 30 Jun 2016 15:13:00

Buy AmEx After Brexit Beatdown

Seeking Alpha   |   Thu, 30 Jun 2016 15:12:39

Brexit's Known Unknowns

Heard on the Street podcast: Brexit's prolonged uncertainty and new competition for Nike
Miriam Gottfried / MoneyBeat   |   Thu, 30 Jun 2016 15:11:52

Soros: Brexit 'Unleashed' A Crisis In Financial Markets (Bloomberg )

"In today's "Morning Must Read," Bloomberg's Tom Keene highlights...
Distressed Volatility   |   Thu, 30 Jun 2016 15:11:00

EUR/CHF ends 3-day recovery and drops toward 1.0800

EUR/CHF dropped sharply after the Brexit referendum results last week and since Monday it moved with a modest upside bias, until today that broke...
Matías Salord / FX Street   |   Thu, 30 Jun 2016 15:10:20

Thursday Morning News Roundup

Here's the news roundup for this morning: BoJo has taken himself out of the race to be Britain's next prime minister. I guess he didn't feel like trying to clean up the mess he made by winning the Brexit vote. Donald Trump apparently had a special console in his bedroom ...
Kevin Drum   |   Thu, 30 Jun 2016 15:09:55

Bank of England's Carney sees need for summer stimulus after Brexit shock

By William Schomberg and David Milliken LONDON, (Reuters) - 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. "In my view, and ...
Business Insider   |   Thu, 30 Jun 2016 15:09:33

Google unlikely to have to move jobs after Brexit

Google is unlikely to change any of its operations in Europe as a result of Britain's decision to leave the EU, said Eric Schmidt.
CNBC   |   Thu, 30 Jun 2016 15:08:00

Gold set for best month since February

Gold steadied on Thursday as markets continued their post-Brexit recovery, although the precious metal is still on track to record its biggest monthly rise since February. The metal had railed earlier in the week following the uncertainty created by Britain's shock decision to leave the EU, which boosted its monthly ...
Proactive Investors   |   Thu, 30 Jun 2016 15:06:00

NYSE President Tom Farley: New York Stock Exchange Seen As Safe Haven

In an interview on FOX Business Network's (FBN) Mornings with Maria (weekdays, 6a-9a/ET), New York Stock Exchange President Tom Farley discussed the Brexit vote last week. Farley said, the next morning there was "a lot of anxiety and angst." When [...] The post NYSE President Tom Farley: New York Stock ...
Value Walk   |   Thu, 30 Jun 2016 15:05:59

Mark Carney Speaks, Says BOE Will Likely Ease Monetary Policy Over The Summer - Live Webcast

Bank of England Gov. Mark Carney is delivering a speech on Thursday, a week after Britons voted to leave the European Union, the central bank said Wednesday. Carney stepped in to soothe financial markets Friday in the immediate aftermath of the shock Brexit vote, pledging the BOE would backstop the ...
Tyler Durden / Zero Hedge   |   Thu, 30 Jun 2016 15:03:34

Hedge Fund Assets Top $3 Trillion In May, But May Slip On Brexit

Hedge funds finally crossed over the $3 trillion mark for the first time this year in May, but may not be able to hang onto that level following Brexit turmoil. That's according to the latest report from eVestment , which found that total industry assets now sit at $3.015 trillion ...
Teresa Rivas / Focus on Funds   |   Thu, 30 Jun 2016 15:03:22

Reactions To Brexit

Britain Backs Brexit After a historic referendum, the British people decided to exit the EU with a vote of 52-48%. Here's how different politicians are reacting to the result--and who's suggesting the same for their own country. 2016 Getty Images British Prime Minister David Cameron "The British people have voted ...
London Business School Review, Contributor / Forbes   |   Thu, 30 Jun 2016 15:03:00

Boris Johnson Decides Britain Is Way Too Screwed Up For Him To Lead Right Now

Boris likes his Brexit fallout like he likes his hair: Just leave it be and walk away.
Thornton McEnery / Dealbreaker   |   Thu, 30 Jun 2016 15:01:30

An Historical Perspective on Brexit

Capitalist Internationalism, Reactionary Nationalism, and Socialist Internationalism Alejandro Reuss The June referendum vote in the United Kingdom, narrowly in favor of departure from the European Union (or "Brexit," a portmanteau of "Britain" and "exit"), has thrown the future of the U.K. and its constituent nations into turmoil. The votes in ...
Alejandro Reuss / TripleCrisis   |   Thu, 30 Jun 2016 15:00:03

Will Brexit Derail U.S. GDP?

Next month's "advance" GDP report for the US in the second quarter is widely projected to show that economic activity will rebound from Q1's sluggish 0.8% gain (which is expected to be revised up to 1.0% in today's revision, according to Econoday.com's consensus forecast). But a higher level of... Please ...
EconMatters / EconMatters Global   |   Thu, 30 Jun 2016 15:00:00

HSBC won't be moving its HQ away from London post-Brexit

HSBC has confirmed for the first time since last week's referendum that the UK vote to quit the European Union will not lead to the bank moving its headquarters from London.
Here Is The City   |   Thu, 30 Jun 2016 14:59:56

Brexit Probably Won't Affect Taxes As Much As Everyone Fears

It is hard to overstate the magnitude of the shock wave emanating from the United Kingdom in the wake of voters' decision to exit the EU. The surprising victory of the Leave campaign will almost certainly prompt introspection on the part of EU leaders and force the next U.K. prime ...
Jeremy Scott, Contributor / Forbes   |   Thu, 30 Jun 2016 14:59:00

Brexit, the Pound and Stock Prices: A Volatile Mix

Sterling is the swing factor for investors. It may yet fall further to help the U.K. economy to adjust.
WSJ   |   Thu, 30 Jun 2016 14:58:54

IMF Warns Brexit Means "Even Lower Growth" For UK, EU

The IMF appears set on making sure the exuberance in stocks is not mistaken for any reflection on optimism. Having warned of the systemic fragility due to Deutsche Bank, Madame Lagarde's pre-Brexit fearmongering has now been confirmed post-Brexit as IMF spokesman Gerry Rice warns the near-term risks from U.K. vote ...
Tyler Durden / Zero Hedge   |   Thu, 30 Jun 2016 14:57:05

IMF says Brexit uncertainty to dampen outlook

Uncertainty over Britain's looming departure from the EU will dampen near-term economic growth for the UK and the rest of Europe, the IMF said.
CNBC   |   Thu, 30 Jun 2016 14:54:00

Don't panic, here's how Brexit can make Britain can be a great trading nation

David Frost / Telegraph   |   Thu, 30 Jun 2016 14:53:19

GBP/USD inter-markets: 'Brexit' setting the tone

The Sterling has managed to leave behind post-Brexit lows in the 1.3120 area - levels last seen over 30 years ago - and push GBP/USD to recent tops ab
Pablo Piovano / FX Street   |   Thu, 30 Jun 2016 14:52:34

UK welcomes watered down final IORP II amid Brexit uncertainty

The final version of the controversial European pensions legislation has emerged after years of tough negotiations but it may never end up coming to the UK following Brexit.
Stephanie Baxter and Kristian Brunt-Seymour / Professional Pensions   |   Thu, 30 Jun 2016 14:51:00

Capital markets are back in action after Brexit vote as BAT and Lloyds tap investors

Tim Wallace / Telegraph   |   Thu, 30 Jun 2016 14:47:05

A hedge fund manager with ties to the Royal Family made £110 million betting against the pound

James Hanbury, a hedge fund manager with links to the Royal Family made £110 million ($148 million) betting against the pound - which plunged in the wake of the UK vote to leave the EU last week, the Daily Mail reports. The paper says that despite commissioning a private poll ...
Matthew Nitch Smith / Business Insider   |   Thu, 30 Jun 2016 14:46:37

Thanks, Brexit! Why UK vote is likely to boost US home sales

The US residential real estate market may seem far removed from the UK, but there is no doubt that the Brexit vote will have an impact, says Jonathan Smoke, the chief economist at realtor.com.
CNBC   |   Thu, 30 Jun 2016 14:45:00

Mark Carney speaks on what Bank of England plans to do following Brexit vote

Bank of England governor Mark Carney will speak at 11 a.m. ET in London about the central bank's plans in the wake of last week's vote in which a majority of Britons said they wanted to exit the European Union.
The Associated Press / CBC   |   Thu, 30 Jun 2016 14:42:43

IMF says 'Brexit' uncertainty to dampen growth outlook

WASHINGTON, June 30 (Reuters) - Uncertainty over Britain's looming departure from the European Union will dampen near-term economic growth for the UK and the rest of Europe and will also affect...
Reuters   |   Thu, 30 Jun 2016 14:42:38

Look at the 'Brexit Baskets' for the Real Impact of the Vote on U.K. Stocks

The FTSE 100 is back to levels reached before the EU referendum, but stocks sensitive to British investment have been hammered.
Mike Bird / MoneyBeat   |   Thu, 30 Jun 2016 14:42:11

Bank Stocks Will Suffer After Brexit Vote

The Brexit is sending ripples across the pond and affecting financial stocks.
John Divine / U.S. News   |   Thu, 30 Jun 2016 14:39:51

Brexit, Emerging Markets, and Venezuela in the News

Three things to think about today. If you haven't already done so, subscribe now to my colleague Brad Setser's blog,...
Robert Kahn / Robert Kahn   |   Thu, 30 Jun 2016 14:35:58

EU must share some blame for Brexit

The European Commission leaders epitomise image of a technocratic elite, writes Lubomir Zaoralek
FT   |   Thu, 30 Jun 2016 14:35:03

'Brexit' Proves Safe Havens Not So Safe After All

The world's "safe havens" have been the cause of massive economic and financial market upheaval since 2008.
Kenneth Rapoza, Contributor / Forbes   |   Thu, 30 Jun 2016 14:35:00

Daily Digest 6/30 - The Shadow Doctors, Is A New Banking Crisis Imminent?

The Recent Rise in Delinquency Rates on Bank Loans Is Shocking (Is a New Banking Crisis Imminent?) Federal election 2016: ACT candidates shy about 'truth pledge'? Brexit: EU leaders say UK cannot have 'à la carte' single market The Shadow Doctors Sovereign Debt – What Could Go Wrong? Big Oil ...
Chris Martenson   |   Thu, 30 Jun 2016 14:32:22

Nationalism Isn't Replacing Globalism

Leon Hadar Politics, Americas The two are combining to create a new political order. Much of the post-Brexit and primary election conventional wisdom seems to be stuck in a political narrative in which the Brexit vote and the rise of Trumpism in the United States are seen as symbols of ...
National Interest   |   Thu, 30 Jun 2016 14:32:00

GM Economist: No Brexit Impact to U.S. Auto Market Now; More UK Car Production Possible

It is too soon to measure the impact of the British vote to leave the EU on General Motors but the decision will likely not have much effect on the company in its home market, GM's chief economist tells Reuters. Mustafa Mohataram said the most immediate likely impact for U.S. ...
Robert Wenzel / Economic Policy Journal   |   Thu, 30 Jun 2016 14:31:00

Brelief Rally! More About Low Yields Than Britain

Brelief Rally! More About Low Yields Than Britain Markets rebound from Brexit losses as the need to generate returns trumps geopolitical Rally! More About Low Yields Than BritainBy Randall W. Forsyth Markets rebound from Brexit losses as the need to generate returns trumps geopolitical uncertainty.
Barrons   |   Thu, 30 Jun 2016 14:29:57

A Brexit Opportunity: First Commonwealth Financial

Seeking Alpha   |   Thu, 30 Jun 2016 14:29:56

UBS: Here's how to escape the pain of Brexit

In the aftermath of Britain's vote to leave the European Union, assets across the board took a pounding. Stocks plummeted, the pound crashed to its lowest level in more than 30 years, and an impending sense of doom gripped the globe. The worst of the market reaction now seems to ...
Will Martin / Business Insider   |   Thu, 30 Jun 2016 14:28:57

Stocks try to hold gains as post-Brexit rally cools off

U.S. stocks traded in a narrow range, amid oil losses, as a massive rally following the United Kingdom referendum slowed down.
CNBC   |   Thu, 30 Jun 2016 14:27:00

Today's Must-Reads For Business Owners: Obama As VC, Selling On Pinterest, A Brexit Boom?

News and insights for business owners from around the Web, including why Donald Trump and the Chamber of Commerce are fighting.
Loren Feldman, Forbes Staff / Forbes   |   Thu, 30 Jun 2016 14:26:00

China's JD.com says Brexit will be good for business

Ashley Armstrong / Telegraph   |   Thu, 30 Jun 2016 14:24:25

Retail 'Sanity Check' Shows Some Deals After Brexit Turmoil

While the market has largely moved past Brexit , investors are still trying to parse the long-term implications for individual companies' earnings. Citi's Paul Lejuez and his team are among those looking for stocks that look oversold following the volatility of last week's vote. Lejuez examined a number of softline ...
Teresa Rivas / Stocks To Watch   |   Thu, 30 Jun 2016 14:18:27

NOW WE'VE SEEN IT ALL: Analyst compares Brexit to a sheepdog voting itself out of the herding group

This might be the best piece of Brexit analysis yet. In a note to clients published Thursday, Bernstein analyst Michael Parker and team give a great analogy to explain how much sense the UK voting to leave the EU makes. Comparing the UK to sheepdogs, Parker and team argue that ...
Myles Udland / Money Game   |   Thu, 30 Jun 2016 14:17:22

EU downgraded by Standard & Poor's after Brexit vote

It is not only the UK sovereign which is under ratings pressure these days, as Standard & Poor's opted to downgrade the European Union over greater uncertainties to the bloc's cohesion following Britain's "Brexit" vote last Thursday. The long-term rating on the supranational European Union was cut to 'AA' from ...
Proactive Investors   |   Thu, 30 Jun 2016 14:15:00

These firms might move out of UK

CNBC highlights the companies that have already signaled what could lie ahead after he Brexit vote.
CNBC   |   Thu, 30 Jun 2016 14:14:00

Hollande's Empty Threat To Strip London Of Euro Trading And Clearing Post Brexit

It's always useful if a politician or President of a Republic restricts him or herself to threats which can actually be carried out. The usefulness of this is that it stops the rest of us laughing in their faces when they proclaim something which they have no power to bring ...
Tim Worstall, Contributor / Forbes   |   Thu, 30 Jun 2016 14:13:00

Amid Brexit chaos, the government pushes ahead with plans to privatise the Land Registry

wwwuppertal/Flickr, CC BY-NC It's a busy time in UK politics; the nation is still getting to grips with the fallout from Brexit, both major parties are facing bitter leadership contests, and the union is looking more fragile than ever. Yet amid this turmoil, MPs carry on with the business of ...
Nigel Hudson, Senior Lecturer in Law, Nottingham Trent University / The Conversation   |   Thu, 30 Jun 2016 14:12:02

Deutsche Bank: Migrants Helped Build UK Economy Since 2008

Leading up to the Brexit vote, there was an identifiable bifurcation in the UK economy, a Deutsche Bank report noted. In the vote's wake, the British pound will suffer as will the geographic region that was the UK economic leader, London. [...] The post Deutsche Bank: Migrants Helped Build UK ...
Value Walk   |   Thu, 30 Jun 2016 14:09:49

Obama Administration's Goal Is to Undermine Brexit Vote

Before Britain's historic vote to leave the European Union last Thursday, the Obama administration was eager to pressure the British people to stay in. They... Read More The post Obama Administration's Goal Is to Undermine Brexit Vote appeared first on The Daily Signal .
Ted Bromund / The Foundry   |   Thu, 30 Jun 2016 14:08:42

EUR/USD inter-markets: the pair might be done with its near-term technical bounce

Following the Brexit led sharp fall to over 3-month low levels, a slight improvement in global risk sentiment assisted the EUR/USD pair to recover and
Haresh Menghani / FX Street   |   Thu, 30 Jun 2016 14:06:25

UK business investment falls as uncertainty mounts and economy slows

Signs of early Brexit worries affecting the economy were provided by official data showing business investment falling in the first quarter of the year. Gross fixed capital investment fell 0.1% in the first three months of the year, according to the Office for National Statistics, revised down from an earlier ...
Markit   |   Thu, 30 Jun 2016 14:04:50

What Happens Next?

While we are sure stocks know better, it appears the considerably more massive and FX and bond markets seem far less enthused over the Brexit Bounce... Four words - "window dressing is over!"
Zero Hedge   |   Thu, 30 Jun 2016 14:03:21

Can We All Please Stop With the Brexit Shadenfreude?

Please, Americans, the British do not need your partisanship right now. Wish the parties well, hope for the best, and please, don't drag them into a pre-November brawl instead. This is one American export we can all do without.
Christine Nikol / NY Observer   |   Thu, 30 Jun 2016 14:01:01

Brexit's Unlikely Lessons for Hillary Clinton

Start Making Sense, Jon Wiener Ari Berman on the GOP's war on voting rights, Zoë Carpenter on the Supreme Court and abortion, and D.D. Guttenplan on Brexit and Trump.
Start Making Sense, Jon Wiener / The Nation   |   Thu, 30 Jun 2016 14:00:24

Barclays 'has no plans to move jobs' after Brexit vote

Banking giant Barclays has no plans to move jobs out of the UK following the vote to leave the European Union, chief executive Jes Staley tells the BBC.
BBC   |   Thu, 30 Jun 2016 14:00:14

Brexit: of the EU Practically Irreversible."

At long last the tyranny of the global financial elite has been slammed good and hard.... The British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords.... Smaller government--at least in geography--is... Please click on the post title ...
EconMatters / EconMatters Global   |   Thu, 30 Jun 2016 14:00:00

Brexit: Mark Carney statement

Mark Carney is set to make a statement on the Bank of England's position a week on from the EU referendum.
BBC   |   Thu, 30 Jun 2016 13:57:27

Brexit: Why the UK is Unlikely to Have a General Election Soon

Explaining the not-well-understood UK general election rules and how they play into the Brexit calculation.
Yves Smith / Naked Capitalism   |   Thu, 30 Jun 2016 13:55:04

HSBC plays down chance of moving 1,000 jobs out of London on Brexit

Tim Wallace / Telegraph   |   Thu, 30 Jun 2016 13:55:01

One S&P 500 Company Has Already Cited "Brexit" in EPS Guidance

Positive Shift In EPS Guidance For Q2 by John Butters, FactSet For Q2 2016, 81 companies have issued negative EPS guidance and 32 companies have issued positive EPS guidance. After hitting a record high in Q1 2016 (96), the number [...] The post One S&P 500 Company Has Already Cited ...
Guest Post / Value Walk   |   Thu, 30 Jun 2016 13:52:46

Mooning the Elite

Connecting Dots BALTIMORE - U.S. stocks bounced on Tuesday, with the Dow up 269 points [and even further on Wednesday, ed.]. Was that all there was? Is the "Brexit" scare over? We don't know... but we're going to take a pause today. Instead of trying to connect the new dots, ...
Acting Man   |   Thu, 30 Jun 2016 13:49:40

Samuel Adams brewer plots 'Brexit' cider

Ben Martin / Telegraph   |   Thu, 30 Jun 2016 13:49:01

Steven Romick - Will Brexit Spark A Much-needed Market Revaluation?

Steven Romick's, co-portfolio manager of FPA Crescent Fund, special commentary titled, "Will Brexit Spark A Much-needed Market Revaluation?" Markets globally have reacted negatively to the British having voted to leave the European Union (EU) after more than four decades. The [...] The post Steven Romick - Will Brexit Spark A ...
VW Staff / Value Walk   |   Thu, 30 Jun 2016 13:48:20

Light at the End of the (Channel) Tunnel

The decision to hold a referendum as to whether the United Kingdom (UK) should remain a member of the European Union (EU) introduced the term "Brexit" into the global political lexicon. Now that the UK has voted to leave the EU, the term has spawned new variations: will the UK's ...
Harvard Law School Forum   |   Thu, 30 Jun 2016 13:47:51

AQR's managed futures strategy up 5.2 pct on Brexit Friday

LONDON, June 30 (Reuters) - New York-based investment firm AQR Capital Management's Managed Futures Strategy returned 5.2 percent on June 24 after Britain voted to leave the European Union, an AQR...
Reuters   |   Thu, 30 Jun 2016 13:47:29

Brexit Divorce Proceedings

Calvin Trillin
Calvin Trillin / The Nation   |   Thu, 30 Jun 2016 13:45:01

George Soros says Brexit can lead to positives for Europe

Billionaire investor and philanthropist George Soros has given his view of what happens now to Europe after the Brexit vote. "Addressing the...
euronews   |   Thu, 30 Jun 2016 13:44:45

Brexit hits pensions, right-to-invest scheme and student loan petition

Plus, how to cancel gym membership, woodland homes and midlife internships to get back into top jobs Hello and welcome to this week's Money Talks - a roundup of the week's biggest stories and some things you may have missed. Continue reading...
Hilary Osborne / Guardian   |   Thu, 30 Jun 2016 13:43:48

Volatility Measurements - In Like A Lamb And Out Like A Lamb?

Volatility Measurements - In Like A Lamb And Out Like A Lamb? Via @Connectedwealth Thursday, June 30th, 2016 Contributors: C.Basinger, D.Benedet, C.Kerlow, D.Mak Volatility Measurements - Today Brexit this, Brexit that, already this is becoming a bit of a bore. [...] The post Volatility Measurements - In Like A Lamb ...
Value Walk   |   Thu, 30 Jun 2016 13:43:10

'Traumatic Effect' Of Brexit Result Will Be Felt For A Long Time - Putin

SOT, Vladimir Putin, Russian President (Russian): "The so-called Brexit was a choice made...
D Volatility / Distressed Volatility   |   Thu, 30 Jun 2016 13:41:00

The Coming End of the "Third Way" System

The Best Thing About the EU is J.C. Juncker's Alcoholism We recently discussed the post-Brexit landscape with a friend (in fact, our editor), who bemoaned that "the EU is led by a drunkard". Our immediate reaction to this was to exclaim: "That's the best thing about the EU!" J.C. Juncker's ...
Acting Man   |   Thu, 30 Jun 2016 13:36:47

Slovakia Says Newer Members Can Shape EU's Future

Slovakia's Prime Minister Robert Fico said countries that have joined the European Union since 2004 can shape the bloc's policies and agenda, making up for failings in recent years, notably on migration.
WSJ   |   Thu, 30 Jun 2016 13:35:41

Lloyds executives buy 829,000 shares in post-Brexit show of confidence

LONDON (Reuters) - Fifteen Lloyds Banking Group executives have bought almost a million of the lender's shares in a post-referendum show of confidence in Britain's economic prospects after the country voted to leave the European Union on Friday.A total of about 829,000 shares in the state-backed bank were bought at ...
Business Insider   |   Thu, 30 Jun 2016 13:34:54

Stocks edge higher on last day of 2nd quarter

After two big up days following two big down downs following the Brexit vote, U.S. stocks kick off the day with modest gains.
USA Today   |   Thu, 30 Jun 2016 13:33:37

Equity funds lose billions after Brexit

Short-term volatility shakes markets in the wake of the UK's vote to leave the EU
FT   |   Thu, 30 Jun 2016 13:32:59

Farage deserted by Brexit bandmates?

It's been almost a week since the British public went to the polls and set in motion one of the most traumatic periods in the country's recent history.
CNN   |   Thu, 30 Jun 2016 13:32:27

British Teens Hurl Racial Slurs At US Veteran Following Brexit Vote (VIDEO)

LONDON (AP) - As videos, photos and written accounts of intolerant abuse percolate across the internet in the wake of Britain's referendum to leave the European Union, Juan Jasso has become one of the country's best-known victims. Read More
RAPHAEL SATTER / TPM   |   Thu, 30 Jun 2016 13:31:16

GEORGE SOROS: Brexit has 'unleashed a crisis' as bad as 2008

Hedge fund legend George Soros thinks the vote for a British exit from the European Union is bringing calamity to the world's financial markets. Brexit has not only created an opening to reinvent the European Union - it has also aggravated two looming dangers," Soros said Thursday in a speech ...
Money Game   |   Thu, 30 Jun 2016 13:29:56

Brexit contagion could consume France

The French no longer dream of Europe, writes Philippe Le Corre
FT   |   Thu, 30 Jun 2016 13:26:23

Post-Brexit rally set to run out of steam, with stock futures flat

Seeking Alpha / Seeking Alpha   |   Thu, 30 Jun 2016 13:25:06

Stocks Rebound, but Brexit Jitters Linger

Two of the best days for stocks this year began to undo two of the worst, putting major U.S. indexes back into the black for 2016. But still-strong demand for the safety of government bonds and currencies like the yen shows that markets are far from sounding the all-clear.
WSJ   |   Thu, 30 Jun 2016 13:23:17

Gold Prices Steady as Brexit Worst 'Could Be Yet To Come', Chaotic UK Parliament Debates Lindsay Lohan Tweets

Gold Prices Steady as 'Brexit = Lehmans', Worst 'Yet to Come', Chaotic UK Parliament Debates Lindsay Lohan Tweets Submitted by Adrian Ash, Bullion Valut on Thu, 06/30/2016 - 13:36, GOLD PRICES held tight at this week's opening level on Thursday [...] The post Gold Prices Steady as Brexit Worst 'Could ...
Guest Post / Value Walk   |   Thu, 30 Jun 2016 13:21:51

Brexit and Beyond

In this post, I will stray a bit from monetary issues but not too far. The British people voted last Thursday (June 23rd ) to exit the European Union. How should that decision be viewed by classical liberals? Do Americans have a stake in the outcome? Should... Continue reading The ...
Gerald P O'Driscoll / Free Banking   |   Thu, 30 Jun 2016 13:17:51

What I learned from trying - and failing - to stop Brexit

People disagree with me? read more
Tim Worstall / Tim Worstall   |   Thu, 30 Jun 2016 13:17:42

Stock Futures Turn Negative After Two-Day Relief Rally

U.S stocks futures turned negative Thursday after a significant two-day recovery that nearly erased the Brexit-triggered losses.
Shreya Agarwal, Forbes Staff / Forbes   |   Thu, 30 Jun 2016 13:15:00

The upside of Brexit: 9 ways to save

The U.K.'s Brexit vote sent global markets into a tailspin. But beyond the gloomy scenarios lie a a few short-term upsides, The Fiscal Times reports.
CNBC   |   Thu, 30 Jun 2016 13:12:00

Boris Johnson has just thrown British politics into complete and total chaos

The bizarre roller coaster of post-Brexit United Kingdom politics took another twist on Thursday as Boris Johnson, the favorite to succeed Prime Minister David Cameron, announced that he won't run for the position after all. Johnson - the former London mayor whose populist appeal, Brexit support, and imperviousness to gaffes ...
Libby Nelson / Vox   |   Thu, 30 Jun 2016 13:10:14

Amanpour Irate Over Brexit, Hannan Gives Her What-fer

Our pal Daniel Hannan, British MEP and Leave leader, went toe-to-toe with lefty CNN journalist Christiane Amanpour, who cannot contain her digust over the U.K.'s Brexit vote. It's a classic example of liberal media bias, and (bravo!) of Hannan's refusal to tolerate you-racists smears.
Jack Fowler / National Review   |   Thu, 30 Jun 2016 13:09:02

Canada's GDP edges up for first time in two months, but headwinds threaten

The 0.1% growth is a positive start to a quarter that's expected to get worse, with the Alberta wildfire impact still to come and the unexpected wildcard of the Brexit fallout
Gordon Isfeld / Financial Post   |   Thu, 30 Jun 2016 13:06:44

Brexit forex trading bonanza boosts banks

Record day on foreign exchange desks tests stamina and resilience
FT   |   Thu, 30 Jun 2016 13:05:52

CORRECTED-GM economist:no Brexit impact to US auto market now; more UK car production possible

Mustafa Mohatarem said the most immediate likely impact for U.S. auto sales was a positive one as last week's referendum result brought with it a greater chance that U.S. interest rates "will remain lower longer" than if British voters had decided to stay in the European Union. he said referring ...
CNBC   |   Thu, 30 Jun 2016 13:03:00

It Will Backfire If EU Pushes for Punitive Economic Measures After Brexit

It's not in the European Union's economic and long-term interests to punish Britain over the Brexit vote.
Ryan Nabil / U.S. News   |   Thu, 30 Jun 2016 13:00:00

CS: Sterling Is Still Overvalued, Buy UK Large-Caps

CS: Sterling Is Still Overvalued, Buy UK Large-Caps Since the outcome of the UK referendum at the end of last week, there has been a deluge of information from analysts, news outlets, and TV pundits on what Brexit means for [...] The post CS: Sterling Is Still Overvalued, Buy UK ...
Rupert Hargreaves / Value Walk   |   Thu, 30 Jun 2016 12:59:05

Top Analyst Upgrades and Downgrades: Motorola, Nokia, ProLogis, Qualcomm, Silver Wheaton, Yamana Gold and Many More

The markets bounced handily on Tuesday and Wednesday in the post-Brexit aftermath, and shares were only marginally higher on Thursday morning. Investors may have different reasons each time, but they... AGI AUY IAG MSI NOK PLD QCOM SLW SPR SWN Administrator bull and bear
24/7 Wall St.   |   Thu, 30 Jun 2016 12:54:47

My 350 on BREXIT: The centre can no longer hold

"Being Greek, I have been feeling pessimistic about the future of the EU for some time now." The referendum has sparked what is now, one week later, a full blown political crisis in the United Kingdom. In the absence of strong leadership in the two main parties, this crisis is ...
Despina Biri / Open Democracy   |   Thu, 30 Jun 2016 12:54:04

JPY: Maintain a neutral view at these levels - Westpac

Robert Rennie, Research Analyst at Westpac, suggests that the shock Brexit outcome saw USD/JPY smash down through 102 (as we expected) though weakness
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 12:52:52

Why banks are suffering the most amid Brexit uncertainty

World markets may be trying to slowly edge back to their pre-Brexit levels, but the European banking sector faces headwinds.
CNBC   |   Thu, 30 Jun 2016 12:49:00

Why Brexit could hit Q3 and Q4 earnings

Brexit may torpedo any chance of a return to positive earnings growth for the S&P 500 for the year.
CNBC   |   Thu, 30 Jun 2016 12:47:00

Brexit fears put aside as corporates go for sterling

LONDON, June 30 (IFR) - British American Tobacco and Brown-Forman reopened the sterling corporate market on Thursday after a month-long hiatus, attracting blowout demand just a week after the UK...
Reuters   |   Thu, 30 Jun 2016 12:46:00

Brexit: inequality, the media and the democratic deficit

When publics are abandoned, when their voices no longer matter and their identities are demolished through economic inequality, precarity and non-recognition, they lose faith in the political institutions that are supposed to represent them. Flickr/Roebot. Some rights reserved. Brexit has come as a shock to many people - including those ...
Natalie Fenton / Open Democracy   |   Thu, 30 Jun 2016 12:45:45

FX traders pick through Brexit wreckage

Britain's vote to exit the European Union fired volatility back into currency markets and gave traders opportunities in a number of currency pairs, including minors and exotic currencies as well as the majors.
Euromoney   |   Thu, 30 Jun 2016 12:45:00

In Brexit month, investors dump shares, flee for safety of cash

By Sujata Rao LONDON (Reuters) - Global investors bought real estate, added to cash holdings and cut equity allocations to the lowest in at least five years as this month's shock Brexit vote added to an already toxic mix of sluggish world growth and volatile markets. The monthly Reuters survey ...
Business Insider   |   Thu, 30 Jun 2016 12:43:47

Morning Movers: Darden Tumbles on Outlook; Lions Gate Jumps on Starz Acquisition

Stocks look set for a lower open as stocks take a breather following a two-day post-Brexit rally. Getty Images S&P 500 futures have fallen 0.1%, while Dow Jones Industrial Average futures have declined 0.1%. Nasdaq Composite futures have dropped 0.1%. ConAgra Foods (CAG) has dropped 2.7% to $46.33 after meeting ...
Stocks To Watch   |   Thu, 30 Jun 2016 12:40:23

The anti-Semitism controversy roiling the UK Labour party, explained

Thursday morning, embattled Labour Party leader Jeremy Corbyn gave a speech on anti-Semitism inside the UK Labour Party. Corbyn, currently fighting for his political life in the wake of accusations that he didn't work hard enough to stop Brexit, was announcing the conclusion of an investigation into recent accusations that ...
Vox   |   Thu, 30 Jun 2016 12:39:00

How Will The Brexit Impact US Airlines?

Contrary to market expectations, the United Kingdom surprisingly voted in favor of leaving the European Union through a referendum on 23rd June 2016. While the Brexit, or the exit of Britain from the EU, may not have many short term implications, it is likely to significantly impact the economic health ...
Trefis Team, Contributor / Forbes   |   Thu, 30 Jun 2016 12:38:00

U.K.'s EU Exit Poses Data-Protection Dilemma

Brexit risks stripping companies of their ability to freely store information about EU residents on British soil, potentially creating a new barrier to trade in the region.
WSJ   |   Thu, 30 Jun 2016 12:36:10

Brexit Is Years Away and Might Not Be Bad

I am amazed at all the negative press surrounding the recent U.K. referendum vote in favor of leaving the European Union ("EU"). Various observers, many of whom are unfamiliar with British politics, have apparently decided that this decision is a bad one. However, since negotiations haven't begun, or even been ...
Ron Rowland / Invest With An Edge   |   Thu, 30 Jun 2016 12:35:40

No Lehman moment on currency markets after Brexit vote

While the pound sterling has lost a lot of its value in right after the Brexit vote, from a historical perspective neither the fall of the exchange rate, nor its current level, is unprecedented. The situation is not as severe as it was in the aftermath the collapse of Lehman ...
Zsolt Darvas / Bruegel   |   Thu, 30 Jun 2016 12:33:38

Putting The BREXIT-Fueled Move In Perspective

When the votes were tallied and the surprise outcome became apparent last week, equity indexes around the world began to fall precipitously (along with almost every other asset class that... The post Putting The BREXIT-Fueled Move In Perspective appeared first on See It Market .
Sal Cilella / See It Market   |   Thu, 30 Jun 2016 12:32:49

Taiwan cuts rate 12.5 bps as Brexit poses risks to outlook

Taiwan's central bank cut its policy rates for the fourth consecutive time by 12.5 basis points to support economic growth in light of the current slack in the global economy and the fallout from the UK decision to leave the European Union that have compounded downside risks to global trade ...
centralbanknews.info / Central Bank News   |   Thu, 30 Jun 2016 12:32:00

Extremists See Trump As An Opportunity, Pro-Brexit Boris Johnson Won't Run For PM, And Friendship In The Face Of Cancer

Check out Thursday's newsletter! Read More
TPM   |   Thu, 30 Jun 2016 12:30:48

'Scotland Still Loves EU': Must-See Photos From the Massive Brexit Protests in Scotland (Multimedia)

Protests were held outside Scottish Parliament in Edinburgh Wednesday and last Friday after the EU referendum results showed Scots overwhelmingly want to remain in the union. Meanwhile, Scottish politicians are doing what they can to deliver their people's wishes. Related Entries June 29, 2016 Comments of the Week: On the ...
truthdig   |   Thu, 30 Jun 2016 12:30:19

Will the UK actually get to Brexit?

Being a lifelong California voter has taught me to be deeply skeptical of referendums. My three years of living in the UK has continually exacerbated that skepticism. The "Leave" vote on the Brexit referendum, in which the UK voted to leave the European Union, has shocked markets, caused Prime Minister ...
Darren Schreiber / Vox   |   Thu, 30 Jun 2016 12:30:03

Brexit: The view from England's "Little Poland"

In last week's referendum, Boston recorded the highest percentage of votes in the UK to leave the EU.
Al Jazeera   |   Thu, 30 Jun 2016 12:26:12

The FED Finds A Good Excuse To Extend And Pretend Through Brexit

The FED Finds A Good Excuse To Extend And Pretend Through Brexit - Nathan McDonald, Sprott Money Brexit has happened. Those who are not happy with this reality are making their voices heard; yet, so too are those who are [...] The post The FED Finds A Good Excuse To ...
Sprott Money / Value Walk   |   Thu, 30 Jun 2016 12:26:07

Obama: Brexit could hit growth, if it happens

President Obama warned of a long term hit to global growth if Britain leaves the EU.
CNN   |   Thu, 30 Jun 2016 12:24:41

Thursday Morning Links

MUST READS Boris Johnson rules out bid to be UK PM - BBC Obama: Brexit a Threat to Global Growth - IBT Brexit and the Norway Model - At A Glance - WSJ Why elections are bad for democracy - Guardian It's Time for the Elites to Rise Up Against ...
Tim Iacono   |   Thu, 30 Jun 2016 12:22:56

High Profile Socialist French Economist Quits as Adviser to UK's Labour Party

Socialist French economist Thomas Piketty If Brexit accomplishes nothing else, this in itself should be considered a sufficient victory for the entire effort. Thomas Piketty, author of the anti-capitalistic best seller, Capital in the Twenty-First Century, is jumping off a sinking ship and has quit his role as an advisor ...
Robert Wenzel / Economic Policy Journal   |   Thu, 30 Jun 2016 12:20:00

Did media help spread Brexit myths?

CNN   |   Thu, 30 Jun 2016 12:18:04

World's Most Systemically Dangerous Bank Crashes Back To Record Lows

Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed's stress test for the second year running and been diagnosed by The IMF as the ...
Zero Hedge   |   Thu, 30 Jun 2016 12:17:31

FTI Consulting Survey Shows Deep Concern Regarding Economic Impact of Brexit on UK and EU Member States

LONDON, June 30, 2016 (GLOBE NEWSWIRE) - FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced findings from a survey gauging global institutional investors' immediate reactions to the [...] The post FTI Consulting Survey Shows Deep Concern Regarding ...
GlobeNewswire / Value Walk   |   Thu, 30 Jun 2016 12:16:21

ECB could ease further - TDS

Global Strategy team at TD Securities sees the European Central Bank cutting its rates further following 'Brexit' induced uncertainty. Key Quotes "W
Pablo Piovano / FX Street   |   Thu, 30 Jun 2016 12:12:52

UK food faces historic realignment after Brexit

We're used to abundance, but Brexit makes it all seem more fragile. Eric/Flickr, CC BY-NC-SA The situation created by the British vote to leave the European Union is momentous for UK food. It is on a par with the Repeal of the Corn Laws of 1846 when Britain decided its ...
Tim Lang, Professor of Food Policy, City University London / The Conversation   |   Thu, 30 Jun 2016 12:12:22

Wall Street looks to end June with another rally

U.S. stock futures were steady this morning, after two sessions of gains recovered about 60 percent of the post-Brexit losses Friday and Monday on Wall Street.
CNBC   |   Thu, 30 Jun 2016 12:08:00

Jensen Investments: Brexit - The British Are Leaving!

Jensen Investments on Brexit: The British Are Leaving! The British Are Leaving! H/T Dataroma While the famous cry during the American Revolution attributed to Paul Revere may ring true in reverse, it's probably worth taking a breath and a step [...] The post Jensen Investments: Brexit - The British Are ...
VW Staff / Value Walk   |   Thu, 30 Jun 2016 12:05:02

Britain, Post-Brexit

Here's what we know on Thursday, June 30: -Boris Johnson won't contest the Conservative Party leadership race to succeed David Cameron; Michael Gove and Theresa May will. -EU leaders say "there will be no single market a la carte" for the U.K. -The Labour Party's leadership crisis deepens; even Prime ...
Kathy Gilsinan / The Atlantic   |   Thu, 30 Jun 2016 12:03:00

Great Britain rides stunning decision to leave the EU: what you said about Brexit

Was this vote an unprecedented act of self-sabotage? And is this the end of a centuries-old union? Here's what our readers are saying about the UK's EU referendum. The Brexit 'flotilla'. Stefan Rousseau / PA Wire/Press Association Images. All rights reserved.The UK's decision to leave the EU has ushered in ...
openDemocracy / Open Democracy   |   Thu, 30 Jun 2016 12:01:32

Brexit: an opportunity for Italian fashion?

GETTY IMAGES The Brexit referendum, or the vote of the United Kingdom to leave the European Union, could turn out to be an opportunity for the Italian fashion industry. This analysis was published just a few days ago on the respected Italian newspaper, the Corriere della Sera. The words of ...
Nathania Zevi, Contributor / Forbes   |   Thu, 30 Jun 2016 12:01:00

When Volatility Spikes: Hedge Your Global Bonds

Savvy global core bond investors-those who invest in bonds as an offset to risk assets-came into Brexit currency-hedged. It paid off. During the flight to safety, currencies close to the center of the storm took a beating.
AllianceBernstein   |   Thu, 30 Jun 2016 12:00:00

Soros: Brexit Has A Financial Crisis Similar to 2008

Prior to the Brexit vote, George Soros was one of the notable names who came out to implore the voters to decide to remain in the EU. At that time, Soros took scaremongering to a new level by writing an op-ed titled "The Brexit crash will make all of you ...
Zero Hedge   |   Thu, 30 Jun 2016 11:56:38

Barclays scraps Brexit crisis plan, situation better than feared

Barclays has already scrapped its Brexit crisis plans as the situation is much less severe than bosses had previously feared.
Here Is The City   |   Thu, 30 Jun 2016 11:56:20

Another Rally Looms for Gold ETFs

The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and rival gold exchange traded products have been in focus as investors look for safe-haven plays in a post-Brexit world. That could be a sign of more upside to come for ...
ETF Trends   |   Thu, 30 Jun 2016 11:55:42

HSBC's chairman commits to UK base

UK's biggest bank rules out moving headquarters away from London following Brexit vote
FT   |   Thu, 30 Jun 2016 11:55:35

Brexit gives Dombrovskis sway over banks

Former Latvian PM inherits EU financial services brief sacrificed by UK's Lord Hill
FT   |   Thu, 30 Jun 2016 11:52:26

Brexit Means 'Government Is the Problem'

Plus, Trump's terrible trade speech.
WSJ Opinion   |   Thu, 30 Jun 2016 11:51:22

Brexit: For Or Against, Why Britain's Entrepreneurs Are Seeing A Glass Half Full

When the Brexit going gets tough, entrepreneurs get going
Alison Coleman, Contributor / Forbes   |   Thu, 30 Jun 2016 11:48:00

Stock futures up for third day as Brexit nerves settle

By Yashaswini Swamynathan (Reuters) - U.S. stock index futures rose for the third straight day as investors looked beyond Brexit and focused on impending economic data and quarterly earnings. * The three major indexes have recouped more than half of the losses suffered after a shock vote by Britain to ...
Business Insider   |   Thu, 30 Jun 2016 11:47:04

Citadel Securities trades record currency volumes

Citadel Securities says it traded record currency volume last week after the U.K.'s Brexit vote sent shock waves through financial markets. The company expects more volatility to come.
Here Is The City   |   Thu, 30 Jun 2016 11:45:30

Pound rises as Boris Johnson drops out

LONDON - The British pound spiked Thursday immediately after top Brexit campaigner and former London mayor Boris Johnson said he will not stand to succeed Prime Minister David Cameron.
Bangkok Post   |   Thu, 30 Jun 2016 11:45:00

Frontrunning: June 30

Brexiters at war as Johnson pulls bid to be PM (FT) Soros Says Brexit Has 'Unleashed' a Financial-Markets Crisis (BBG) World stocks poised for worst month since January (Reuters) China to tolerate weaker yuan, wary of trade partners' reaction (Reuters) China central bank criticizes media for publishing 'inaccurate information' on ...
Zero Hedge   |   Thu, 30 Jun 2016 11:43:11

Brexit campaigner Boris Johnson withdraws from race to become Britain's prime minister

The race to become Britain's next prime minister took a dramatic last-minute turn with former London Mayor Boris Johnson - considered a front-runner - ruling himself out of the race after the defection of a key ally on Thursday. Johnson, a prominent campaigner for British withdrawal from the European...
Associated Press / LA Times   |   Thu, 30 Jun 2016 11:43:00

George Soros Full Remarks - "European Union Is In mortal Danger"

George Soros is alive and well (despite the rumors) and he is back in the geopolitical arena - this morning warning once again of the dire consequences of the Brexit and what the world must do to prevent another financial [...] The post George Soros Full Remarks - "European Union ...
Jacob Wolinsky / Value Walk   |   Thu, 30 Jun 2016 11:42:45

Oil and Gold The Biggest Winners in Q2

Oil and gold were the clear winners for investors in a tumultuous first half year in markets, with Shanghai A shares the standout losers and euro zone stocks dealt a body blow by Brexit. Euro zone shares had been heading for slight gains on the quarter as Britons voted last ...
Alfonso Esparza / OANDA   |   Thu, 30 Jun 2016 11:36:08

Gold Steady as Brexit Could Force Fed to Hold Rate Hike This Year

Britons' vote to leave the European Union has benefited gold as a haven from risk and could fuel longer-term gains if economic uncertainty sparks a broader shift in global monetary policy. Gold is highly exposed to interest rates, particularly in the United States, as higher rates lift the opportunity cost ...
Alfonso Esparza / OANDA   |   Thu, 30 Jun 2016 11:34:05

Brexit EU's wakeup call

Jerome Booth, New Sparta chairman explains why he voted to leave the European Union.
CNBC   |   Thu, 30 Jun 2016 11:32:00

Brexit threatens City of London: a Q&A

London is the world centre of the complex plumbing of markets, but leaving the EU complicates that
FT   |   Thu, 30 Jun 2016 11:30:18

FX: Retail investors dodge sterling Brexit bullet

How and why trading was dominated by banks and ECNs, with retail investors cautious about getting steamrolled by volatility.
Euromoney   |   Thu, 30 Jun 2016 11:30:00

Asian Stocks Rise After Brexit Shock Eases

Asian shares were mostly up Thursday as markets continued to gradually get over the shock set off by Britain's vote last week to leave the European Union. KEEPING SCORE: Japan's benchmark Nikkei 225 edged up 0.1 percent to finish at 15575.92, while South Korea's Kospi rose 0.8 percent to 1,972.80. ...
Alfonso Esparza / OANDA   |   Thu, 30 Jun 2016 11:28:34

Asian Shares Close Higher

Stock markets across Asia mostly finished higher Thursday on the back of gains in energy and mining shares, capping a volatile and eventful first half of the year.
WSJ   |   Thu, 30 Jun 2016 11:27:43

UK looks China and India after Brexit

Prime minister calls business leaders to Number 10
FT   |   Thu, 30 Jun 2016 11:27:07

USA TODAY poll: Americans see Brexit anger as widespread

The Brexit earthquake isn't just British.
USA Today   |   Thu, 30 Jun 2016 11:26:50

After Brexit Pound At Risk of Losing Reserve Currency Status

The pound is at risk of fading from the top ranks of central-bank asset holdings following Britain's decision to leave the European Union. The world's foremost reserve currency a century ago, sterling has been overtaken by the dollar and the euro, mirroring the U.K.'s waning influence in the global economy. ...
Alfonso Esparza / OANDA   |   Thu, 30 Jun 2016 11:26:41

Month End Demand Trumps Brexit Woes

Seeking Alpha   |   Thu, 30 Jun 2016 11:26:01

NDd and Marketwatch

(Dan here) Quoted is a summary and link to New Deal democrat's post at XE.com on the pound sterling and Brexit impacting the US economy via Marketwatch: The pound plunged early Friday as results from the U.K.'s referendum hit, but "since then the pound has gone sideways," notes financial blogger ...
Angry Bear   |   Thu, 30 Jun 2016 11:22:15

NZD: Lingering geopolitical uncertainty should cap the upside at 0.7300 - Westpac

Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD lost 3c in response to the Brexit vote but has recouped about half the loss at 0.712
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 11:21:49

HSBC rules out leaving London after Brexit vote

Chairman says referendum result would not prompt review of bank's HQ
FT   |   Thu, 30 Jun 2016 11:21:11

My 350 on BREXIT: Meditations on our political culture

"Politicians recognise that serious, informed debate does not translate into votes, so the primary focus is on finding a scapegoat, not a solution." Among other things, this referendum has revealed the chasm between political understanding of the people and the political reality of the world we inhabit. The fact that ...
Alex Fusco / Open Democracy   |   Thu, 30 Jun 2016 11:18:42

UK: Sentiment have fallen to their lowest levels in over two years - BBH

Research Team at BBH, notes that the UK's GfK consumer confidence came in at -1 in June vs. -2 expected but the impact of the Brexit vote wouldn't be
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 11:18:38

Eastern Europe shuns EU integration

Visegrad countries blame Juncker and European Commission for pushing UK towards Brexit
FT   |   Thu, 30 Jun 2016 11:15:29

Brexit shows value of bonds: Jeffrey Rosenberg

BlackRock's Jeffrey Rosenberg, shares his outlook on the fixed income space and weighs in on why investors should have bonds in their portfolios.
CNBC   |   Thu, 30 Jun 2016 11:15:00

Brexiter Johnson: I won't run for leadership

CNN   |   Thu, 30 Jun 2016 11:13:08

Soros Says There is Hope Brexit Vote Could Restructure Europe

The Brexit vote was a negative shock but the tragedy no longer looks like a 'fait accompli,' George Soros said in a speech at the European Parliament on Thursday, and it has created "positive momentum for a stronger and better Europe." He added that over four million people have petitioned ...
Alfonso Esparza / OANDA   |   Thu, 30 Jun 2016 11:09:21

Trillions Are Recovered As Stocks and Commodities Rally In The Aftermath of 'Brexit' Panic

The last several days have shown the strength of the movement of futures contracts and their ability to recover from adverse moves. The most closely watched, for sure, is the E-mini S&P 500 Futures which has recovered more than half of its losses since the lows on Monday. Some may ...
Fred Oltarsh, Contributor / Forbes   |   Thu, 30 Jun 2016 11:05:00

Brexit Campaigner Boris Johnson Won't Run To Replace PM Cameron

LONDON (AP) - Boris Johnson, a prominent campaigner for British withdrawal from the European Union, says he will not be a candidate for leadership of Conservative Party Read More
GREGORY KATZ and RAPHAEL SATTER / TPM   |   Thu, 30 Jun 2016 11:04:41

Shocked UK consumers ditch spending plans after Brexit vote

Britons are putting big purchases on ice with some pulling out of property purchases and others looking for work abroad Britons spooked by the shock vote to leave the EU are ditching plans to buy homes, putting big purchases on ice, and looking for work abroad. The panic triggered in ...
Angela Monaghan and Hilary Osborne / Guardian   |   Thu, 30 Jun 2016 11:03:26

SE Asia stocks higher as post-Brexit rebound continues

Most Southeast Asian markets closed higher on Thursday, tracking regional peers, as markets shrugged off the impact of Britain's stunning vote to leave the European Union.
Bangkok Post   |   Thu, 30 Jun 2016 11:02:00

Sharks Circling the US Dollar

The US Dollar got a shot in the arm with the Brexit vote last week. A sharp two day move higher took the US Dollar [...]
Gregory Harmon   |   Thu, 30 Jun 2016 11:01:53

Market's message: Brexit was overblown

OK. Last week was last week.
USA Today   |   Thu, 30 Jun 2016 11:01:24

Will there be a snap Brexit election?

By September, we will have a new Prime Minister and possibly a new Labour leader. The new PM will want to gain legitimacy - beyond that of the Conservative party that will elect them - but could also be considering whether they can get away with a snap election before ...
Blog Admin / British Politics and Policy at LSE   |   Thu, 30 Jun 2016 11:00:33

Boris Johnson Will Not Run In Britain

Boris Johnson has said he will not be standing for leader of the Conservative Party in Britain, the Guardian reports. The BBC reports that Justice Secretary Michael Gove, a prominent figure in the Brexit campaign, had been expected to support [...]
Taegan Goddard / Taegan Goddard   |   Thu, 30 Jun 2016 11:00:32

Brexit vote shows politicians have shirked economic duties for too long

Central banks have done all they can in the aftermath of the recession. The future of the global economy is in the hands of our elected officials While we watch the reactions to Brexit ripple their way through financial markets and speculate about the magnitude of the economic fallout, there's ...
Suzanne McGee / Guardian   |   Thu, 30 Jun 2016 11:00:29

My 350 on BREXIT: A note exclusively to British racists

"Do not uproot their belonging to a diverse multicultural country, whose real problems are not the immigrants but the politicians you elected and their neoliberal policies." Shortly after the British referendum 'White Zone' stickers are reported to appear in Glasgow, people are filmed discriminating immigrants openly in the streets and ...
Sonja Marzi / Open Democracy   |   Thu, 30 Jun 2016 10:59:09

EU to UK on Brexit: "What About 'Nein' Don't You Understand?"

As we described yesterday, it was evident when British Prime Minister Cameron spoke at a regularly scheduled session of the European Parliament that Cameron's demand for what amounted to a special deal as part of a Brexit, in terms of concessions on immigration, was a non-starter as far as the ...
Yves Smith / Naked Capitalism   |   Thu, 30 Jun 2016 10:58:52

Could Deutsche Boerse-LSE merger be one of the big Brexit casualties?

Concerns are rising that one of the biggest business casualties of the U.K.'s decision to leave the EU is the planned Deutsche Boerse merger with the LSE.
CNBC   |   Thu, 30 Jun 2016 10:52:00

Brexiters at war as Johnson pulls bid to be prime minister

Tory leadership candidates line up to replace Cameron
FT   |   Thu, 30 Jun 2016 10:51:55

Barack Obama: Brexit could hit global growth

President Obama warned of a long term hit to global growth if Britain leaves the EU.
CNN   |   Thu, 30 Jun 2016 10:50:46

Britain Delays Airport Expansion Decision After Brexit Vote

The U.K. government has again postponed a decision on how to address a looming airport capacity shortage for the country's capital, with a verdict now pushed back at least another four months.
WSJ   |   Thu, 30 Jun 2016 10:50:10

Britain's Remain Voters Expect A Big Financial Hit [Infographic]

In the wake of Britain's shock vote to leave the European Union last week, international markets were plunged into turmoil. Investors scrambled to invest their assets in safe-havens such as gold and silver while sterling nosedived 11 percent. While the long term economic consequences of the Brexit are currently unclear, ...
Niall McCarthy, Contributor / Forbes   |   Thu, 30 Jun 2016 10:49:00

Brexit and the Norway Model - At A Glance

As the U.K. plots its path out of the European Union, focus turns to nations that are in Europe but outside of the bloc. Norway faces the U.K. across the North Sea and its population of around five million voted to stay outside the EU twice, most recently in 1994. ...
Charles Duxbury / WSJ Brussels   |   Thu, 30 Jun 2016 10:46:37

Brexit: Young to blame?

Before the UK voted to Brexit, it was suggested that the turnout of young people could decide the result. If the youth rocked the vote, the logic went, Remain would win.
CNN   |   Thu, 30 Jun 2016 10:46:17

Goldman: 3 Bargains Created By Brexit Fears

Goldman: 3 Bargains Created By Brexit Fears As investors hedge against geopolitical aftershocks, earnings reports may boost Amazon, Dick's, and Post. Goldman: 3 Bargains Created By Brexit Fears As investors hedge against geopolitical aftershocks, earnings may boost Amazon, Dick's, and Post.
Barrons   |   Thu, 30 Jun 2016 10:45:46

UK current account deficit deepens Brexit fears

ONS data reveals weaker than thought trading position amid warnings that economy is on verge of recession after EU referendum Britain's trading position with the rest of the world was much worse than feared in the opening months of this year, intensifying concerns over how the economy will fare outside ...
Katie Allen / Guardian   |   Thu, 30 Jun 2016 10:44:30

Home Builders Offer Shelter From Brexit, Shocks

Home Builders Offer Shelter From Brexit, Shocks CalAtlantic and Taylor Morrison are favored builders. Caesarstone gets a lift from the quartz secular growth story.Home Builders Offer Shelter From Brexit, Shocks CalAtlantic and Taylor Morrison are favored builders. Caesarstone gets a lift from the quartz secular growth story.
Barrons   |   Thu, 30 Jun 2016 10:44:16

UK will be fine but watch EC: Pro

Mark Grant, Hilltop Securities, shares his outlook on the European Union post-Brexit. I'm not sure the EU is going to survive, says Grant.
CNBC   |   Thu, 30 Jun 2016 10:42:00

Oil inter-market: Further downside in play as US equities indicate

The US oil benchmark, WTI, halted its post-Brexit rebound and fell Thursday on the back of renewed jitters over the economic and political uncertainty
Dhwani Mehta / FX Street   |   Thu, 30 Jun 2016 10:41:56

UK credit rebounds as investors return

Bonds for some of the weakest UK corporate buyers have rebounded from post-Brexit lows
FT   |   Thu, 30 Jun 2016 10:41:30

Month End Demand Trumps Brexit Woes

Thursday June 30: Five things the markets are talking about Both month-end and quarter-end portfolio rebalancing demands are expected to temporarily gloss over some of the ills that last week's shock Brexit vote would bring to capital markets. Global equities have caught a bid into month end, sovereign yields have ...
OANDA   |   Thu, 30 Jun 2016 10:40:21

Calais refugees: We won't give up despite Brexit

Residents of 'Jungle' camp in France say they are worried after vote to leave EU but their plans have not changed.
Al Jazeera   |   Thu, 30 Jun 2016 10:37:57

How Brexit could still spook the oil market

Trading in commodity markets might have resumed relative normality following Brexit turbulence, but one investment bank has detailed the downside risk.
CNBC   |   Thu, 30 Jun 2016 10:35:00

UPDATE 1-UK current account gap remained near record high before EU vote

* YouGov consumer index points to big hit from Brexit vote (Adds detail, economist reaction)
Reuters   |   Thu, 30 Jun 2016 10:32:26

The What About X Committee (Video)

By Mark Fiore Related Entries June 29, 2016 Comments of the Week: On the Meaning of Brexit June 29, 2016 Brexit Row
truthdig   |   Thu, 30 Jun 2016 10:28:44

Article 50: Don't leave me this way - Westpac

Robert Rennie, Research Analyst at Westpac, suggests that given their base case, Friday's vote was an earth shaking shock for them but post the Brexit
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 10:28:10

Message of the market: Brexit was overblown

A two-day rally following a two-day rout suggests the market believes the initial stock downdraft was overdone.
USA Today   |   Thu, 30 Jun 2016 10:26:21

Whirlpool Won't Be Spun by Brexit

Recent positives moves in the Brazilian currency offset the negative moves in the British pound.
Barrons   |   Thu, 30 Jun 2016 10:25:17

Brexit: FT markets' analysis in review

A look back at our coverage before and after the vote
FT   |   Thu, 30 Jun 2016 10:18:55

Why TTIP will live on - but not in the EU

The Transatlantic Trade and Investment Partnership - also known as TTIP - could be the next casualty in the Brexit fallout. But not in the way you might expect. The controversial trade agreement between the EU and United States could well fall apart, only for the UK to pick up ...
Ioannis Glinavos, Senior Lecturer in Law, University of Westminster / The Conversation   |   Thu, 30 Jun 2016 10:17:42

Clive Coleman: Can the law stop Brexit?

Legal opinions are emerging as to how the UK's departure from the European Union might be slowed or even stopped, says Clive Coleman.
BBC   |   Thu, 30 Jun 2016 10:17:23

Brexit: The English gamble

What are the chances the bet on Britain will pay off?
Al Jazeera   |   Thu, 30 Jun 2016 10:04:53

Brexit Kills That EU Financial Transactions Tax Stone Dead Then

VideoThere has been much worrying over what is going to happen to the City of London, our version of Wall Street, now that Britain has voted for Brexit. How will the financial centre fare now that it is outside the regulatory embrace of the European Union? The obvious answer is ...
Tim Worstall, Contributor / Forbes   |   Thu, 30 Jun 2016 10:02:31

Global shares continue its rally post Brexit jitters

Seeking Alpha / Seeking Alpha   |   Thu, 30 Jun 2016 10:00:06

Keep Calm And Carry On? It's Harder Than You Think, But Easier If You Understand This

If your organisation is suffering from the Brexit jitters,"keep calm and carry on" is the message you need to give. Buthow? The most common approaches probably won't work. Is the message business as usual, something along the lines of"come on, it isn't as bad as it looks. The sky isn't ...
Alastair Dryburgh, Contributor / Forbes   |   Thu, 30 Jun 2016 10:00:00

Brexit shakes hopes of Balkan EU bidders

With Britain voting to leave the European Union, Serbia and other Balkan nations, which suffered through wars and violent breakups of their states in the 1990s, now face uncertainty and more hurdles in their EU membership bids
U.S. News   |   Thu, 30 Jun 2016 09:59:54

Is Brexit game changer for US?

Pimco's Richard Clarida shares his thoughts on the Brexit-induced rally and weighs in on when to expect the next interest rate hike.
CNBC   |   Thu, 30 Jun 2016 09:52:00

Don't freak out about Britain's plummeting pound

Don't panic . In the wake of last week's historic Brexit vote, the British pound dropped like a rock against both the U.S. dollar and the euro . Global financial markets were also in a tizzy: "Brexit panic wipes $2 trillion off world markets" blared The Guardian . "The small-minded ...
The Week   |   Thu, 30 Jun 2016 09:42:00

Global shares mixed after post-Brexit rebound

Global stock markets were mixed Thursday as investors tried to downplay the fallout from the United Kingdom's vote last week to leave the European Union.
USA Today   |   Thu, 30 Jun 2016 09:37:38

UPDATE 1-UK's May, launching leadership bid, vows to honour Brexit vote

LONDON, June 30 (Reuters) - British interior minister Theresa May launched her bid to replace Prime Minister David Cameron and lead the Conservative Party on Thursday with a promise to honour last...
Reuters   |   Thu, 30 Jun 2016 09:34:39

Irish finmin says post-Brexit border with N.Ireland would not work

DUBLIN, June 30 (Reuters) - Ireland's finance minister said on Thursday said it would not work to introduce a hard border between Northern Ireland and the Irish Republic as a result of Britain's vote...
Reuters   |   Thu, 30 Jun 2016 09:33:15

Brexiters at war as Gove launches PM bid

Justice secretary questions Johnson's ability as Tory leadership candidates line up
FT   |   Thu, 30 Jun 2016 09:32:48

The Brexit Bounce That Won't Carry Investment Banks Far

Currency trading has rebounded since the U.K. referendum, but other areas are still weak.
WSJ   |   Thu, 30 Jun 2016 09:32:04

Pound rallies ahead of current account data

Bounce expected to be shortlived as Brexit worries take their toll
FT   |   Thu, 30 Jun 2016 09:31:07

Why Spain plays a crucial role in whether United Kingdom stays together

Tapa the morning. Tonello Photography Committed supporters of Scottish independence may be dusting down their 2014 memorabilia and rehearsing their arguments now that the Brexit vote has raised the prospect of another referendum north of the border. Yet despite much talk about the sovereign will of the Scottish people, the ...
William McDougall, Lecturer in Politics, Glasgow Caledonian University / The Conversation   |   Thu, 30 Jun 2016 09:30:29

Aussie Brexit concerns

The Brexit vote has dominated Australia's election campaign in recent days, with parties arguing their economic credentials.
BBC   |   Thu, 30 Jun 2016 09:28:44

No need to rush out of EU

Slowing down the Brexit process would maximize Britain's leverage in its negotiations with the EU. The post No need to rush out of EU appeared first on The Japan Times .
Doug Bandow / Japan Times   |   Thu, 30 Jun 2016 09:28:12

For U.K., Brexit is just the latest ugly partition

More than a few countries in the Middle East, Asia and Africa have scars to show from Britain's long and haphazard withdrawal from its onetime empire. The post For U.K., Brexit is just the latest ugly partition appeared first on The Japan Times .
Nisid Hajari / Japan Times   |   Thu, 30 Jun 2016 09:27:04

No Brexit regrets for voters yearning for a better Britain

BRENTWOOD, England, June 30 (Reuters) - Denise Draper was one of the 17 million people who last week voted in favour of Britain leaving the European Union. She has no regrets.
Reuters   |   Thu, 30 Jun 2016 09:20:01

BOJ's Masai: Must watch Brexit impact on Japan growth, prices

Bank of Japan (BOJ) newest board member Takako Masai is now on the wires via Reuters, noting that the central bank needs to closely monitor the impact
Dhwani Mehta / FX Street   |   Thu, 30 Jun 2016 09:19:04

Why Not Free Trade In Trade Negotiators Post-Brexit?

There is much mumbling and bumbling in Britain as the Civil Service insists that it is incompetent to deal with the negotiations that will lead up to and follow Brexit. That heavy burden of having to change all British regulations now that we will be free of the European Union ...
Tim Worstall, Contributor / Forbes   |   Thu, 30 Jun 2016 09:17:00

Oil is having its best quarter since the financial crisis

You might not have noticed with all the Brexit chaos but the price of oil has been on a charge in recent months. So great has oil's bounce been that it is set to see the biggest quarterly gain since 2009 when the world was coming to terms with the ...
Business Insider   |   Thu, 30 Jun 2016 09:12:50

USD recovers the bullish appeal - Westpac

Strategist at Westpac Richard Franulovich sees the greenback, tracked by the US Dollar Index, gathering further traction post-Brexit. Key Quotes "Re
Pablo Piovano / FX Street   |   Thu, 30 Jun 2016 09:12:28

European markets wobble as Banking stocks weigh

The stocks on the European bourses took a pause from the post-Brexit recovery mode, and continue to waver in recent dealings, after having opened on a
Dhwani Mehta / FX Street   |   Thu, 30 Jun 2016 09:08:47

Explaining Asia's brutal Brexit reaction

Extent and range of the regions sell-off reveals deeper links between markets
FT   |   Thu, 30 Jun 2016 09:08:10

Is Brexit a sure thing? How the U.K. could still ditch its EU divorce

None of the options are particularly enticing, but there's still time for the U.K. to reverse course on its plan to leave the EU.
Lucas Powers / CBC   |   Thu, 30 Jun 2016 09:00:00

U.K. passport loses luster following Brexit vote

The coveted British passport is losing its luster following Britain's decision to leave the European Union. Instead, Ireland has seen a surge in passport applications.
CNN   |   Thu, 30 Jun 2016 08:57:33

'Boris Johnson can't lead'

Leading Brexiter Michael Gove has made a shock bid to become PM, while issuing a scathing attack on his referendum ally.
Austrailian   |   Thu, 30 Jun 2016 08:56:00

While You Were Brexiting, China Keeps Devaluing The Yuan

Seeking Alpha   |   Thu, 30 Jun 2016 08:47:55

Theresa May launches leadership bid by reaching out to Eurosceptics who backed Brexit

Peter Dominiczak / Telegraph   |   Thu, 30 Jun 2016 08:43:51

The Latest: Video shows post-Brexit abuse of immigrant

LONDON (AP) - The Latest on Britain's vote to leave the European Union (all times local):
Associated Press   |   Thu, 30 Jun 2016 08:40:00

Top Leave campaigners to fight each other for Conservative Party leadership

Michael Gove has announced he will seek the Tory leadership after concluding Boris Johnson "cannot provide the leadership or build the team for the task ahead". In a bombshell announcement that rocked Westminster hours before the close of nominations, the pro-Brexit campaigner who had been expected to back the ex-London ...
Times of Malta   |   Thu, 30 Jun 2016 08:33:00

After Brexit: Time To Go Long The British Pound?

Seeking Alpha   |   Thu, 30 Jun 2016 08:29:06

Investors, Don't Play Footsie With Brexit

The U.K.'s FTSE 100 index is back above last Thursday's close, just before Britons voted to leave the EU, and those in favor of Brexit are crowing that everything's fine. It isn't, writes James Mackintosh.
WSJ   |   Thu, 30 Jun 2016 08:24:26

Publicis head sees start-up win for France

Maurice Lévy says investment will switch to Europe after Brexit vote
FT   |   Thu, 30 Jun 2016 08:23:50

In the papers: BT, BHS, Toyota

The Times Rivals seize on EU vote in battle to break up BT: The telecoms industry plans to use the Brexit vote as a new weapon in the fight to break up BT by telling the Chief Executive of Ofcom that she can now act without fear of an intervention ...
Proactive Investors   |   Thu, 30 Jun 2016 08:21:00

Soros: Brexit has 'unleashed' a financial crisis

Seeking Alpha / Seeking Alpha   |   Thu, 30 Jun 2016 08:20:02

Heathrow Expansion Decision Delayed Again

The fallout from the Brexit vote means there will be no decision on raising airport capacity until the autumn at least.
Sky   |   Thu, 30 Jun 2016 08:16:34

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

Ashley Kirk / Telegraph   |   Thu, 30 Jun 2016 08:16:26

Brexit Causes Little Concern In Vietnam, For Those That Have The Nerve.

There have been ripples from the Brexit vote wash across the business and financial sectors in Vietnam, but overall there appears to be a minimum of fuss at this point. The local share market followed other exchanges around the world and shed a few percentage points in the days after ...
Brett Davis, Contributor / Forbes   |   Thu, 30 Jun 2016 08:16:00

Live: Theresa May launches leadership bid

Our live blog is tracking reactions as Conservative leader Theresa May announces her PM candidacy.
CNBC   |   Thu, 30 Jun 2016 08:14:00

Rational Security: The Edition

Image credit: istockAnalysis and Commentaryvia Lawfare How will the U.K.'s exit from the European Union affect U.S. national security? Is a terrorist attack in Turkey the inevitable result of battlefield victories against ISIS? And the gang takes on the sound and fury of the Benghazi report.
Hoover Institution   |   Thu, 30 Jun 2016 08:09:00

Datawatch: US interest rates

The wider Brexit impact can be seen in US interest rate futures. Signs of slowing momentum in the US economy had pushed expected rises in the Fed's policy rate further out but, after the vote, non increases were expected until after 2017. Read more
FT Data   |   Thu, 30 Jun 2016 08:06:25

Singapore bank halts lending for London properties over Brexit vote

United Overseas Bank stops writing loans while DBS Bank, Singapore's biggest lender, warns customers of 'foreign exchange and sovereign risks' Singapore's third-biggest lender has suspended new loans for the purchase of London properties as the aftershocks of Britain's vote to leave the EU are felt around the world. United Overseas ...
Angela Monaghan / Guardian   |   Thu, 30 Jun 2016 08:03:06

No Brexit impact expected in June auto sales

When automakers report their U.S.
USA Today   |   Thu, 30 Jun 2016 08:02:10

Fears grow over the power of populist politics

The specter of reactionary politics is worrying many in the political establishment and business world.
CNBC   |   Thu, 30 Jun 2016 07:57:00

Beaufort Securities Breakfast Alert: Bunzi, Dixons Carphone Group, Fox Marble, Watkins Jones

Markets Europe The FTSE-100 finished yesterday's session 3.58% higher at 6,360.06, whilst the FTSE AIM All-Share index closed 1.27% better-off at 697.56. In continental Europe, markets ended in the green, recovering some of the loss incurred during the immediate aftershock of Brexit. A rally in oil and commodity prices led ...
Proactive Investors   |   Thu, 30 Jun 2016 07:52:00

Further reading

Elsewhere on Thursday, - Brexit, and what's wrong with the WTO option. - Steve Keen and Alex White on Brexit - both to be found at a Camp Alphaville near you tomorrow. - Koo, 92 pages of Koo: Can we bend the arc of global capital toward justice? Continue reading: ...
FT Alphaville   |   Thu, 30 Jun 2016 07:46:43

$A higher as focus turns to central banks

The Australian dollar is up above 74 US cents as the focus turns from Brexit to central bank policy.
SMH   |   Thu, 30 Jun 2016 07:26:28

FT Opening Quote

Legal & General has brushed off the effect of the Brexit vote, Tory leadership nominations close at noon, Mark Carney speaks at 4pm. FT Opening Quote, with commentary by City Editor Jonathan Guthrie , is your early Square Mile briefing. You can sign up for the full newsletter here. Continue ...
FT Alphaville   |   Thu, 30 Jun 2016 07:15:58

US, Canada, Mexico defend free trade amid Brexit, rise of Trump

Canada, the United States and Mexico on Wednesday mounted a fierce defence of free trade, vowing to deepen economic ties despite an increasingly acrimonious debate about the value of globalization.
NEWS WIRES / France 24   |   Thu, 30 Jun 2016 07:13:14

London mayor Khan 'doesn't regret' Corbyn nomination

Khan says splits harmful but stops short of commenting on what Jeremy Corbyn should do in wake of post-Brexit crisis.
Al Jazeera   |   Thu, 30 Jun 2016 06:49:35

From Brexit to Trump: Why mobilising anger in a constructive way is now one of the key challenges in modern politics

The UK's decision to leave the European Union has generated an intense political reaction, but arguably just as important is the emotional reaction from supporters on both sides of the debate. Sonja Avlijaš discusses the role that anger has played in the EU referendum and other political issues across the ...
EUROPP   |   Thu, 30 Jun 2016 06:30:33

Asian bank suspends London property loans

Singapore's United Overseas Bank cautious of city's real estate post-Brexit vote
FT   |   Thu, 30 Jun 2016 06:19:46

Goldman Sachs not eyeing up Frankfurt staff move

Banking giant Goldman Sachs has Wednesday refuted claims that the wheels are in motion to move staff to Frankfurt, following the UK's decision last week to leave the EU.
Here Is The City   |   Thu, 30 Jun 2016 06:15:15

Behind Brexit and Trump: economic resentment

The United Kingdom's stunning vote to leave the European Union was driven by much of the same sentiment that fueled Donald Trump's insurgent march toward the U.S. Republican presidential nod: a rejection of economic globalization and the elites who favor it by those who feel left behind. Many economists warn ...
Christopher S. Rugaber / Japan Times   |   Thu, 30 Jun 2016 06:05:49

Labour members told us whether they think Jeremy Corbyn should stay or go

The future of the Labour Party hangs in the balance, with Jeremy Corbyn refusing to resign as leader despite dozens of MPs resigning from his shadow cabinet and Corbyn losing a vote of "No Confidence" 172 to 40. Corbyn was elected on a landslide of support from Party members and ...
Business Insider   |   Thu, 30 Jun 2016 06:00:00

Reluctantly USD bullish here - Westpac

Westpac's High Conviction FX Trades Report, suggests that the Brexit is imposing a structurally higher "political risk premium" on assets that will no
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 05:36:00

Historic mistakes

What Brexit and the break-up of the USSR have (and do not have) in common. The Russian tricolour is raised over Moscow on 1 December, 1991. Photo: Valentin Kuzmin / ITAR-TASS. Some rights reserved.The feeling of overwhelming emptiness and despair I have experienced since the result of the UK's vote ...
Open Democracy   |   Thu, 30 Jun 2016 05:33:06

GBP/USD in the red near 1.3400, political uncertainty weighs

The GBP/USD pair extends its overnight retreat into the late-Asian, bringing an end to a two-day post-Brexit rebound, as the greenback stages a minor
Dhwani Mehta / FX Street   |   Thu, 30 Jun 2016 05:09:21

Abbott, Trump, Brexit: What happens when the dog actually catches the car

Never have so many false promises made to so many people been retracted so quickly in the face of such an unexpected victory. But Brexit has broader implications in the fight against climate change and the push for clean energy.
Renew Economy   |   Thu, 30 Jun 2016 04:36:32

Australia: Goes for election this weekend - ANZ

Research Team at ANZ, suggests that it hopefully won't be as dramatic as the Brexit vote, but Australia's federal election will be held on Saturday.
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 04:25:37

Shrinking basket of FX safe havens - TDS

Mazen Issa, Senior FX Strategist at TDS, suggests that the Brexit aftermath has introduced a renewed cloud of uncertainty over the global outlook. Ke
Sandeep Kanihama / FX Street   |   Thu, 30 Jun 2016 04:22:46

Dangerous political weapons

Kevin Hodkin (June 25) exposes his misinformed Brexit views. He claims he voted against EU entry in 1973. There was no referendum for British entry to the Common Market. Edward Health's Conservative government got the country in and, in 1975, Harold Wilson's Labour government called a referendum (because his party ...
Albert Cilia-Vincenti, Attard / Times of Malta   |   Thu, 30 Jun 2016 04:14:08

Why are US markets rebounding?

U.S. markets seem to believe that Brexit would impact the U.K. and EU more than the rest of the world, explains Taurus Wealth Advisors' John Lilley.
CNBC   |   Thu, 30 Jun 2016 04:13:00

Yes, Brexit Will Impact Smartphone Prices

England's decision to withdraw from the European Union earlier this week sent shockwaves around the globe and for good reason: many aspect of our daily lives, from the global economy to international travel, will be affected. Smartphones too, as it's turn out,won't be immune to the impact of Brexit. Almost ...
Ben Sin, Contributor / Forbes   |   Thu, 30 Jun 2016 04:05:00

Brexit: Singapore bank UOB suspends London property loans

Singapore's UOB suspends its loan programme for London properties, citing uncertainty caused by the UK's vote to leave the European Union.
BBC   |   Thu, 30 Jun 2016 03:28:27

Obama speaks to Ottawa, with the inveterate audacity of hope

Against the backdrop of Brexit and Trump, John Geddes writes about an outgoing president making his plea for pluralism, tolerance and equality The post Obama speaks to Ottawa, with the inveterate audacity of hope appeared first on Macleans.ca .
John Geddes / Macleans   |   Thu, 30 Jun 2016 02:54:22

Gold's new upside target at $1,500: Analyst

Gold prices were already moving higher before the Brexit outcome and are underpinned by strong fundamentals, says Minelife's Gavin Wendt.
CNBC   |   Thu, 30 Jun 2016 02:51:00

Gold flat-lined around 5-DMA in Asia, UK declarations eyed

Gold failed to sustain at higher levels and drifted lower on Thursday as extended post-Brexit rally in the global equities, combined with a firmer USD
Dhwani Mehta / FX Street   |   Thu, 30 Jun 2016 02:49:22

Thursday Watch

Evening HeadlinesBloomberg: Brexit 'Disaster' Strikes Euro Tourist Hotspots as Pound Plunges. It's time for prayers, Irish restaurant owner Padraic Og Gallagher says, describing the prospect of Brexit with one word: About 40 percent of customers at Gallagher's Boxty House in Dublin's tourist district, Temple Bar, come from the U.K. Now, ...
Between the Hedges   |   Thu, 30 Jun 2016 02:45:00

Not afraid

In Sunderland, voters were warned that Brexit risked higher unemployment - but the city went heavily for Leave anyway.
BBC   |   Thu, 30 Jun 2016 02:09:10

U.K. looks to find successor to Cameron after Brexit vote

The ruling Conservatives fired the gun Wednesday on the race to pick Britain's next premier after a shock Brexit vote, as departing David Cameron turned his fire on beleaguered opposition leader Jeremy Corbyn. Ex-London Mayor and anti-EU campaigner Boris Johnson is tipped as a favorite to take over from Cameron ...
Japan Times   |   Thu, 30 Jun 2016 02:04:45

HSBC, StanChart set for further downside: Investor

HSBC and Standard Chartered are fundamentally affected by Brexit and have further downside risks, says Ample Capital's Alex Wong.
CNBC   |   Thu, 30 Jun 2016 01:50:00

Markets rise as Brexit concerns fall

Global stocks rose for a second day on Wednesday. The MSCI All-Country World Index rose 2.2 percent, bringing its two-day gain to 3.9 percent. The S&P 500 rose 1.7 percent for a two-day gain of 3.5, erasing its loss for the year in the process. The STOXX Europe 600 Index ...
lim / Skeptical Speculator   |   Thu, 30 Jun 2016 01:49:00

UPDATE 1-New Zealand business confidence at 6-mth high, but ANZ says rate cut likely

WELLINGTON, June 30- New Zealand business sentiment rose in June to a six-month high as the economy continues to show strong momentum, an ANZ Bank survey showed Thursday, but ANZ said Brexit could still force the central bank to cut its policy interest rate. ANZ New Zealand Chief Economist Cameron ...
CNBC   |   Thu, 30 Jun 2016 01:45:00

Post-Brexit: Key Charts

Yesterday we talked about the ECB's projection on how the Brexit will impact the euro area GDP. And we looked at charts of Spanish and Italian sovereign debt. Both suggested that the market reaction, to the downside risk from Brexit, might be over-exaggerated. Some markets have already fully recovered the ...
Bryan Rich, Contributor / Forbes   |   Thu, 30 Jun 2016 01:25:00

Brexit, the E.U. and the "Special Relationship" of the U.S./U.K.

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 United Kingdom and the United States. The term ...
Charles Hugh Smith / Of Two Minds   |   Thu, 30 Jun 2016 01:09:00

Brexit: How will Singaporeans be affected

The UK just voted in favour for British exit from the European Union. What does it mean for Singapore? What will happen now that British voters decided to leave European Union (EU)? The only honest answer is that we don't know. A country leaving the EU isn't something that happens ...
Contributions / TR Emeritus   |   Thu, 30 Jun 2016 01:02:56

Revenge Of The Rubes - Why The Days Of The Financial Elite's Rule Are Numbered

Submitted by David Stockman via Contra Corner blog, Talk about not waiting for the body to get cold. The establishment oracles are out in force today proclaiming that Brexit has already been cancelled. Apparently, like in the case of the first negative vote on TARP, two days of currency and ...
Zero Hedge   |   Thu, 30 Jun 2016 00:55:00

Time for a North Quexit?

How grubby is too grubby in the fight for Wyatt Roy's seat? Plus, banana benders vs Brexit.
Austrailian   |   Thu, 30 Jun 2016 00:53:00

Brexit Takes Jeremy Corbyn’s Labour Party to the Brink

A referendum intended to heal a rift among Britain’s Conservatives has produced a catastrophic split in the Labour Party.
PAUL ANDERSON / NY Times   |   Thu, 30 Jun 2016 00:51:02

Brexit: Freedom of movement 'on the table' for Brexit talks

Freedom of movement will be "on the table" when the UK negotiates its withdrawal from the EU, French Finance Minister Michel Sapin says.
BBC   |   Thu, 30 Jun 2016 00:39:10

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

It appears the powers that be just are not going to take it anymore. Having mistakenly allowed the people of Britain to exercise their free will, Foreign Policy's James Traub exclaims, "It's time for the elites to rise up against the ignorant masses." The Brexit has laid bare the political ...
Zero Hedge   |   Thu, 30 Jun 2016 00:36:00

GLOBAL MARKETS-Asia stocks gain as post-Brexit bounce continues, yen pulls back

* Precious metals still gather bids amid long-term uncertainty
Reuters   |   Thu, 30 Jun 2016 00:21:54

AUD/USD breaks higher as Brexit relief rally extends

AUD/USD has gunned through resistance at 0.7450, printing its highest level since June 27 at 0.7470. The Aussie has been favoured by the recovery in r
Ivan Delgado / FX Street   |   Thu, 30 Jun 2016 00:16:33

Goldman Warns Of Downside Risk To $50 Oil Forecast Due To Ceasefire With Niger Delta Avengers

In the aftermath of the successful Brexit referendum, many expected France, Italy, maybe Catalonia, and the Netherlands to demand a referendum next. Instead, the loudest call for a referendum over the weekend came from an odd source: the Niger Delta Avengers, who as we profiled recently, "hold the price of ...
Tyler Durden / Zero Hedge   |   Thu, 30 Jun 2016 00:13:15

Stay patient amid Brexit market gyrations, investor says

Patience and safe havens are key to weathering panics such as Brexit, said Peter Mallouk, chief investment officer of Creative Planning.
CNBC   |   Thu, 30 Jun 2016 00:13:00

Negative-yield debt up $1.3tn to $11.7tn

Investors expect central banks to boost stimulus measures in the wake of UK's Brexit vote
FT   |   Thu, 30 Jun 2016 00:05:02

Brexit: Obama warns on global growth after British vote

US President Barack Obama says that the British vote to leave the European Union raises "longer-term concerns about global growth".
BBC   |   Thu, 30 Jun 2016 00:04:41

Angela Eagle to launch Labour leadership bid against Jeremy Corbyn as he ignores calls from David Cameron, Ed Miliband and Tom Watson to stand down

Michael Wilkinson / Telegraph   |   Thu, 30 Jun 2016 00:01:15

Margin of Leave & Remain by Geography

I am coming (more or less) to the natural end of how much more Brexit chatter I can tolerate, but I had to give kudus to this map from NPR showing who voted to stay or go and by how much:   Source: NPR   The post Margin of Leave ...
The Big Picture   |   Thu, 30 Jun 2016 00:00:07

Rosatti sworn-in as Supreme Court justice

A two-day rally by US stocks faltered as oil prices fell sharply and investors shifted their focus from Brexit to broader economic factors.
Buenos Aires Herald   |   Thu, 30 Jun 2016 00:00:00

Comments of the Week: On the Meaning of Brexit

stux / Pixabay Somewhere amid last Sunday's Politicon and other special events , our regularly scheduled Comments of the Week feature was temporarily disrupted. So, we're back with a belated installment that includes reader insights from the week ending June 26. And what a week it was. Thursday's stunning Brexit ...
truthdig   |   Wed, 29 Jun 2016 23:53:46

Make the UK the 51st state?

Don't freak out about Brexit; it's not the worst thing, writes David Wheeler. Instead, why not see it as opportunity for UK to become 51st state?
CNN   |   Wed, 29 Jun 2016 23:49:16

'Brexit blow' for Pakistan bagpipe makers

The economic volatility following the UK's vote to leave the EU has apparently been felt as far as Pakistan, where a bagpipe manufacturer says profits have been damaged.
BBC   |   Wed, 29 Jun 2016 23:46:22

See what Cramer sees

CNBC's Jim Cramer looks at the "Ugly Duckling" sectors that are emerging during the post-Brexit rally.
CNBC   |   Wed, 29 Jun 2016 23:41:00

Market Update: Post-Brexit Rally

The post-Brexit rally continued today. Jack Bouroudjian explains why it all takes place during a bit of a trap for the...
OpenMarkets / OpenMarkets   |   Wed, 29 Jun 2016 23:36:55

Brexit bargain vacations

CNBC's Seema Mody reports that travelers are taking advantage of drops in the pound following the Brexit referendum outcome.
CNBC   |   Wed, 29 Jun 2016 23:26:00

One Asset Brexit Can't Touch

Rumor has it, based on the briefest of teases after the credits run in new X-Men: Apocalypse movie, that Laura Kinney is coming to the X-Men franchise - which brings us to the point where you now think to yourself: [...] The post One Asset Brexit Can't Touch appeared first ...
The Sovereign Investor / Value Walk   |   Wed, 29 Jun 2016 23:17:55

Government Hits the Wall

The first Brexit vote actually took place in 1980 when the U.S. elected Reagan.
WSJ Opinion   |   Wed, 29 Jun 2016 23:17:12

Macro Manager Caxton Associates Said to Gain 2% Following British Vote

Global macro hedge fund manager Caxton Associates is among the firms to have successfully navigated last week's surprise Brexit vote and the resulting market volatility. read more
Steve Lord / FINalternatives   |   Wed, 29 Jun 2016 23:16:54

How Yahoo Finance Helped Me Make Zero Dollars in Profits Today

June 26, 2016Illusion of Prosperity: The Sarcasm Report v.256Q: If the goal is to buy stocks after the Brexit turmoil ends but before the stock market rebounds, then how might I accomplish this?A: You need to be informed that the Brexit turmoil is over before other investors cause the stock ...
Illusion of Prosperity   |   Wed, 29 Jun 2016 23:10:00

The Truth About the EU and What Should Be Done

By Sascha Klocke On Tuesday, during a somewhat raucous session of the European parliament, Nigel Farage gave his post-Brexit "victory speech". Besides his trademark taunting of his pro-EU colleagues, Mr Farage made animportant point, suggesting: Why don't we be grown up, pragmatic, sensible, realistic and let's cut between us a ...
Robert Wenzel / Economic Policy Journal   |   Wed, 29 Jun 2016 23:09:00

Brexit, Benghazi, and Virginia Postrel: The Fifth Column Is Back!

Reason readers have a very special, well, reason (drink!) to tune into the latest episode of The Fifth Column, the podcast starring Kmele Foster, Michael C. Moynihan, and me. And that reason is...Virginia Postrel! The beloved former editor of this here mag joins the three fifths to discuss Brexit, populism, ...
Matt Welch / Hit & Run   |   Wed, 29 Jun 2016 23:07:00

Not 'The Onion' - Why Elections Are Bad For Democracy

Following James Traub's rebuttal of the democratic rights of "we, the people" in favor of allowing "they, the elite" to ensure the average joe doesn't run with scissors, "It's time for the elites to rise up against the ignorant masses." The Brexit has laid bare the political schism of our ...
Zero Hedge   |   Wed, 29 Jun 2016 23:05:00

Theresa May to launch leadership bid by reaching out to Eurosceptics who backed Brexit

Peter Dominiczak / Telegraph   |   Wed, 29 Jun 2016 23:01:00

Colin Moore On Brexit: If You Panic, You Lose

Brexit: If You Panic, You Lose by Colin Moore, Columbia Threadneedle Investments While the implications of Brexit begin to take shape, Colin Moore's message is clear: "if you panic, you lose." Global Chief Investment Officer Colin Moore discusses what to [...] The post Colin Moore On Brexit: If You Panic, ...
Columbia Threadneedle Investments / Value Walk   |   Wed, 29 Jun 2016 23:00:24

Trudeau, Obama discuss North American unity

President Obama held press conference with Prime Minister Trudeau of Canada and President Nieto of Mexico and spoke about Brexit and the upcoming election.
MSNBC   |   Wed, 29 Jun 2016 22:59:52

Markets calm down as Brexit fears fade

As the second quarter comes to a close, bank stocks could help boost the S&P 500 on the final trading day.
CNBC   |   Wed, 29 Jun 2016 22:59:00

Ο ΚΑΙ - ΤΙ ΓΙΑ BREXIT ΚΑΙ ΤΟ ΤΗΣ ΗΣ!

Την του της Ε.Ε. το Brexit, με τον κι κ. σε την τον της = window.adsbygoogle || []).push({}); -30 2016 που το της από την Ε.Ε., και την και την τη του για το της του που στο του για την του Brexit από το λαό της την με και ...
Κωνσταντίνος Α. / Eglimatikotita   |   Wed, 29 Jun 2016 22:58:11

Paul Nurse: 'Research needs free movement to thrive'

Sir Paul Nurse says UK science will suffer unless any post-Brexit agreement allows the free movement of people.
BBC   |   Wed, 29 Jun 2016 22:55:36

Aust bonds sink on global risk rally

Recovering global investor confidence following last week's Brexit vote has helped push Australian bond yields higher.
SMH   |   Wed, 29 Jun 2016 22:46:12

UCITS Alternative Index Dips 0.13% as Brexit Brings Mixed Returns

The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, dropped 0.13% for the week through June 29, according to new data from Switzerland-based index provider Hedgeanalytics AG. read more
Steve Lord / FINalternatives   |   Wed, 29 Jun 2016 22:41:00

107 Nobel Laureates Demand Greenpeace Stop Opposing GMOs... Because "We're Scientists"

Forget Brexit, one of the most contriversial debates has surfaced once again, and this time with a vengeance. More than 100 Nobel laureates have signed a letter urging Greenpeace to end its opposition to genetically modified organisms (GMOs). The letter asks Greenpeace to cease its efforts to block introduction of ...
Zero Hedge   |   Wed, 29 Jun 2016 22:40:00

Bernie Sanders' Take on Globalization Is Simple, Ideologically Comforting, and Factually Wrong

The Brexit referendum has given Bernie Sanders an opportunity to say, "I told you so." In this morning's New York Times, the candidate argues, as many have, that Brits voted to leave the EU as an angry rebuke to elites over growing economic inequality brought on by globalization-the same issues ...
Moneybox   |   Wed, 29 Jun 2016 22:36:46

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

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

Statoil warns of threats to green energy

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

Brelief Rally! More About Low Yields Than Britain

Markets rebound from Brexit losses as the need to generate returns trumps geopolitical uncertainty.
Barrons   |   Wed, 29 Jun 2016 22:25:14

Could a successful Brexit wreck the eurozone?, by Scott Sumner

Timothy Lee has an excellent new post: Brexit isn't the most serious threat to the EU -- the euro is One surprising thing about Britain's vote to leave the EU is that the British economy has been doing better than a lot of European countries. Unemployment in the United Kingdom ...
EconLog   |   Wed, 29 Jun 2016 22:15:50

Opportunities in the post-Brexit market

The "Fast Money" traders spotted opportunities after the markets sold off following the U.K. voted to leave the European Union.
CNBC   |   Wed, 29 Jun 2016 22:14:00

Global stock markets rally as Brexit fears abate

The FTSE 100 recovers from heavy losses after last week's Brexit vote, while Wall Street's rally continues, as investors' concerns ease.
BBC   |   Wed, 29 Jun 2016 22:07:51

Global Medical IPO benefits as safe haven

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

Betterment CEO on post-Brexit halt

Betterment's CEO explained why the company suspended client trading on a tumultuous Friday morning for the market.
CNBC   |   Wed, 29 Jun 2016 21:59:00

EUR/USD closes the day above 1.1100

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

Meet Boris Johnson, the man who could be Britain's next prime minister

In Britain he is simply known as "Boris," an eccentric and gaffe-prone politician who spent eight years as London's mayor. But Boris Johnson's success spearheading the Brexit campaign has profoundly altered his career trajectory, suddenly casting him as a front-runner to succeed David Cameron as...
Christina Boyle / LA Times   |   Wed, 29 Jun 2016 21:58:00

Unexpected Detours: Dow Leaps 285 Points as Brexit Is, Like, So Last Week's News

Stocks rallied for a second day as investors started to dismiss the worst-case scenario caused by last week's Brexit vote. The S&P 500 rose 1.7% to 2,070.77 today, while the Dow Jones Industrial Average advanced 284.96 points, or 1.6%, to 17,694.68. The Nasdaq Composite gained 1.9% to 4,779.25. The S&P ...
Ben Levisohn / Stocks To Watch   |   Wed, 29 Jun 2016 21:56:29

What Happens To Beer After Brexit?

Not much can be said so far about the EU/UK breakups but here are some predictions we CAN make.
Tara Nurin, Contributor / Forbes   |   Wed, 29 Jun 2016 21:56:00

Stocks Surge in Rebound From Major Losses That Followed Brexit Vote

The gains erased more than half the losses since Friday
Alex Viega / AP / Time   |   Wed, 29 Jun 2016 21:49:10

One picture, nearly a thousand words: Brexit's age divide

Young vs. old in Brexit: Who betrayed whom? What one photo says about the dispiriting cycle of modern politics The post One picture, nearly a thousand words: Brexit's age divide appeared first on Macleans.ca .
Colin Horgan / Macleans   |   Wed, 29 Jun 2016 21:42:09

Brexit Boomerang: Stocks Rally Back To Pre-Vote Levels

US Stocks rallied back to their pre-referendum levels as investor fears about Britain's vote to depart the European Union receded.
Shreya Agarwal, Forbes Staff / Forbes   |   Wed, 29 Jun 2016 21:40:00

Impact of Brexit on US Economic Outlook

While extreme scenarios are imaginable, we believe that, based on the reactions of financial and currency markets to date, a balanced perspective is that Brexit is a modest negative for the US economy, not a game-changer. Given the newfound uncertainties,the results are necessarily speculative. However, simulations with our macro model ...
tcooksey / Macroadvisers   |   Wed, 29 Jun 2016 21:31:42

Renzi rebuffed on bank bail-in sidestep

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

The Biggest Question On Trader's Minds

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

Market Recap Jun 29, 2016

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

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

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

Some EU Expats Seek Permanent Home in U.K.

Uncertain about their post-Brexit future, some European expatriates living in the U.K. are rushing to apply for British citizenship and residency, immigration lawyers say.
WSJ   |   Wed, 29 Jun 2016 21:11:35

U.K. Asks: At What Price EU Single Market Access?

The politicians vying to succeed David Cameron agree the U.K.'s new relationship with the EU should involve access to the single market. What they haven't spelled out is what Britain would be willing to give up for it.
WSJ   |   Wed, 29 Jun 2016 21:07:50

US stocks extend gains into second day

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

What Brookings experts are saying about Brexit

UPDATED, 6/29/16 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   |   Wed, 29 Jun 2016 21:02:00

LIVE WEBCAST - Brexit sends shockwaves: What now?

Event Information June 29, 2016 5:00 PM - 7:00 PM EDT Falk Auditorium Brookings Institution 1775 Massachusetts Avenue, N.W. Washington, DC 20036 In a close referendum last week, voters in the United Kingdom voted to leave the European Union, setting off financial and political shockwaves in Europe and around the ...
Brookings   |   Wed, 29 Jun 2016 21:00:00

My 350 on BREXIT: No reactionary, conservative and deeply institution can change from within

"You can't make them change; the only thing we can change is ourselves." The Brexit vote like the Greek referendum last year is portrayed as a racist, xenophobic (whatever that means) vote. The lines are clear; rich people voted in the EU, poor and unemployed voted out (yes, the poverty ...
Nikolaos Gryspolakis / Open Democracy   |   Wed, 29 Jun 2016 20:59:34

Brexit fears are overdone - for now

Stock are rallying as investors appear to be putting Brexit fears behind them, but strategists say uncertainty remains.
CNBC   |   Wed, 29 Jun 2016 20:51:00

The Brief from Brussels: EU seeks solutions to Brexit vote

In this episode: EU leaders look for an amicable divorce between Britain and Brussels; Scottish First Minister Nicola Sturgeon makes the case for...
euronews   |   Wed, 29 Jun 2016 20:50:33

Brexit sends shockwaves: What now?

Event Information June 29, 2016 5:00 PM - 7:00 PM EDT Falk Auditorium Brookings Institution 1775 Massachusetts Avenue, N.W. Washington, DC 20036 This event has reached capacity and registration to attend is now closed. Sign up to watch the live webcast instead » In a close referendum last week, voters ...
Brookings   |   Wed, 29 Jun 2016 20:43:27

EU warns Britain on life after Brexit

BRUSSELS: Britain got its first taste Wednesday of a future outside the EU as Europe's leaders met without premier David Cameron and warned London it must accept EU migrants to win access to the bloc's free trade zone. The heads of government, meeting without a British representative for the first ...
Web Desk / News Tribe   |   Wed, 29 Jun 2016 20:40:20

Crushed About Brexit? There's an App for That

'Remainder' knows misery loves company - especially when the pound is plummeting.
Rachel Dicker / U.S. News   |   Wed, 29 Jun 2016 20:40:08

In Britain, anxiety about immigration started long before the 'Brexit' vote

To hear European Union officials talk, the freedom of workers to move wherever they wish within the 28-member union is a fundamental principle-one they won't alter even though discontent with free immigration was a major issue in Britain's vote last week to leave the EU. But it wasn't always like...
Michael Hiltzik / LA Times   |   Wed, 29 Jun 2016 20:40:00

"Brexit" Beats "Porn" On Google Search

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

Brexit could cost US banks: Fitch

Fitch Ratings' Joo-Yung Lee says Brexit may weigh on U.S. global banks' profitability.
CNBC   |   Wed, 29 Jun 2016 20:28:00

Citigroup: Take Advantage Of The Brexit Shock And Gobble Up Shares For A Near 50% Discount To BV

Seeking Alpha   |   Wed, 29 Jun 2016 20:25:41

Sunderland and the Brexit Tragedy

In 1986, as a young reporter just out of the Columbia Journalism School, I went to Sunderland, an old and proud but depressed shipbuilding city on the River Wear, in northeast England, to report on an effort to get jobless people back to work. From the train station, I asked ...
John Cassidy / The New Yorker   |   Wed, 29 Jun 2016 20:25:07

GM economist:no Brexit impact to US auto market now; more UK car production possible

Mustafa Mohataram said the most immediate likely impact for U.S. auto sales was a positive one as last week's referendum result brought with it a greater chance that U.S. interest rates "will remain lower longer" than if British voters had decided to stay in the European Union. he said referring ...
CNBC   |   Wed, 29 Jun 2016 20:25:00

Gold resumes advance

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

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

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

USD/CAD Loonie Recovers But Still Far From Pre-Brexit Levels

The Canadian dollar advanced against the U.S. dollar as Brexit fears that triggered a sell off have abated. There has been little in way of economic indicators to drive the market and official comments from policy makers has been limited and obtuse as usual. One thing is clear the potential ...
Alfonso Esparza / OANDA   |   Wed, 29 Jun 2016 20:22:27

Helen Thomas: Brexit threatens UK project funding

The fallout from last week's vote to leave the European Union is rattling business and finance, far and wide, writes BBC Newsnight's Helen Thomas.
BBC   |   Wed, 29 Jun 2016 20:17:45

Day 2 of Brexit bounce: Dow climbs 284

U.S. stocks are looking to extend its gainsand claw back some 'Brexit' losses.
USA Today   |   Wed, 29 Jun 2016 20:12:30

Gold, silver climb on dollar and appetite for security

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

After Brexit Emotion Currency Dislocations Present Opportunity

A significant volatility shake-out in currency markets occurred as a result of the Brexit emotion following Friday's vote. The resulting shock has created investing opportunity. A Barclays report notes certain currency pairs that may be undervalued while others could be overvalued [...] The post After Brexit Emotion Currency Dislocations Present ...
Mark Melin / Value Walk   |   Wed, 29 Jun 2016 20:11:17

Peter Schiff On Brexit's Impact On The Fed, Gold And Silver: Podcast Transcript

"The problems are looming larger than ever, and this is what Brexit is exposing,...
D Volatility / Distressed Volatility   |   Wed, 29 Jun 2016 20:11:00

Investors, Don't Play Footsie With Brexit

The U.K.'s FTSE 100 index is back above last Thursday's close, just before Britons voted to leave the EU, and those in favor of Brexit are crowing that everything's fine. It isn't, writes James Mackintosh.
WSJ   |   Wed, 29 Jun 2016 20:10:37

Sterling and euro rebound for second day on reduced Brexit anxiety

The euro and sterling spiked higher, as markets regained some appetite for risk.
CNBC   |   Wed, 29 Jun 2016 20:07:00

FTSE 100 recoups post-Brexit vote decline

Global stocks rally as dollar and yen fall
FT   |   Wed, 29 Jun 2016 20:02:36

Why are so many pundits conflating U.S. blue-collar voters' concerns that are similar to their British counterparts' who voted for Brexit with the separate issue of whether the Brexit vote itself will influence U.S. blue-collar voters' votes in November? These are completely different issues.

Some of our wisest political observers informed us that Brexit would be great news for Donald Trump, because it shows (somehow) that there may be more support here than expected for his nationalist message of restoring American greatness through restrictionist immigration policies and turning the clock back on globalization. So ...
Beverly Mann / Angry Bear   |   Wed, 29 Jun 2016 20:02:06

From Brexit Wounds To Buying Panic (In Bonds & Stocks)

Record low bond yields, Brexit uncertainty, and the biggest crash in home sales in 6 years... BTFD you idiot!! But "we're halfway there.... Since the Brexit vote, UK's FTSE 100 is now positive and by far the world's best performing stock market since Thursday's close... Volume has been non-existent during ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 20:01:54

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

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

6 powerful responses to post-Brexit hate crime that will restore your faith in Britain

Mark Molloy / Telegraph   |   Wed, 29 Jun 2016 19:55:46

Markets are not over Brexit

Stocks are sailing higher as Brexit worries fade, but the global bond market is signaling that there's plenty to fear.
CNBC   |   Wed, 29 Jun 2016 19:55:00

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

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

Europe's Credit Markets React To Brexit - $11 Trillion Of Negative Yield

Europe's Credit Markets React To Brexit The knee-jerk reaction to Brexit in the credit markets is similar to that as seen in the equity markets but has been exacerbated by illiquidity and rising levels of bank stress. China Credit Growth [...] The post Europe's Credit Markets React To Brexit - ...
Rupert Hargreaves / Value Walk   |   Wed, 29 Jun 2016 19:52:45

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

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

Unthinkability Bias

Trump, Brexit and the hazards of groupthink.
WSJ   |   Wed, 29 Jun 2016 19:47:00

Scotland and Northern Ireland: post-Brexit economic fears

The United Kingdom is leaving the European Union - the news Europe and the whole world woke up to last Friday after the Brexit referendum and has...
euronews   |   Wed, 29 Jun 2016 19:46:33

Failure to Predict the Financial Crisis Does Not Discredit Economists

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

A CEO's Guide to Navigating Brexit

How to start answering the difficult questions.
Philipp Carlsson-Szlezak / HBR   |   Wed, 29 Jun 2016 19:36:57

Was Brexit fear a giant hoax or is this the calm before the next storm?

Ambrose Evans-Pritchard / Telegraph   |   Wed, 29 Jun 2016 19:35:53

Is This Where All Those Companies "Leaving England" Will Go

Several years ago, Hollande tried - and failed - to make French socialism that much better by instituting a 75% tax on millionaires. It didn't last long. Now in the aftermath of Brexit, the French leader is pushing to make Paris into the capital that will benefit the most as ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 19:34:48

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

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

GLOBAL MARKETS-Stock, oil prices gain as Brexit jitters abate

* Bonds strong on talk of easier monetary policy (Updates with U.S. afternoon trading)
Reuters   |   Wed, 29 Jun 2016 19:28:21

In Brexit Trading, Machine Beats Man

In post-Brexit vote trading, the winners were firms that favored high-quality government bonds, gold and safer currencies like the yen, while mostly avoiding riskier bets like oil and emerging markets.
WSJ   |   Wed, 29 Jun 2016 19:28:16

EU trade chief says U.S. trade talks can survive Brexit

WASHINGTON, June 29 (Reuters) - The European Union's top trade official said on Wednesday that she is still aiming to complete negotiations for a sweeping free trade deal with the United States this...
Reuters   |   Wed, 29 Jun 2016 19:27:21

Brexit Ain't Over: The Next Phase of a Protracted Debate

Yogi Berra, God rest his beautiful soul, might not have grasped the economic and geopolitical ramifications of Britain's vote to leave the European Union (EU). But a classic Yogi aphorism animates the next phase of the Brexit imbroglio: "It ain't over 'till it's over." And Brexit ain't over. Not by ...
Richard Levick, Contributor / Forbes   |   Wed, 29 Jun 2016 19:27:00

Why Brexit Signals a Trump Victory

What does Brexit mean for America? The professional politicians, pundits, and pollsters and the so-called "experts" in the media have spent the past few days trying to answer this question. And they have come to a consensus answer: not much. Once again, the consensus and the conventional wisdom are wrong. ...
Real Clear Politics   |   Wed, 29 Jun 2016 19:26:34

Why You May Want To Sell Into The Post-Brexit Rally

Seeking Alpha   |   Wed, 29 Jun 2016 19:25:12

Brexit Briefly Passes Porn As Most Common British Google Search

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

My Brexit 350: I cannot see how the UK will now be able to hold together anymore

"The country has been irrevocably damaged by this referendum, and the place I left eight years ago is gone. I don't think the damage can, or will, be mended anytime soon." As a white, working-class immigrant to The Netherlands I observed the run-up to 23 June from some remove. Nevertheless, ...
Rob Shepherd / Open Democracy   |   Wed, 29 Jun 2016 19:18:49

Brexit Row

By Mr. Fish Related Entries June 29, 2016 Brexit Lifeboat June 28, 2016 Brexit Racism
truthdig   |   Wed, 29 Jun 2016 19:12:00

Microsoft CEO Satya Nadella on Brexit: We need a 'global world' (MSFT)

Microsoft CEO Satya Nadella says that the shockwaves of the Brexit vote aren't going to change how the company invests in Europe or the UK, but that he's still looking to "make a better case for why a global world." Nadella's comments came during a brief segment on CNBC's "Squawk ...
Matt Weinberger / Money Game   |   Wed, 29 Jun 2016 19:09:58

Grim economic worries arose before Brexit

Wider global economic forces were giving businesses and markets much pause for thought
FT   |   Wed, 29 Jun 2016 19:06:38

MCDONALD'S TO SURVIVE BREXIT: REPORT

It's okay to cry. This is an emotional time
Bess Levin / Dealbreaker   |   Wed, 29 Jun 2016 19:05:46

The Potential Impacts of Brexit on the Global Economy

VideoThe markets and the oddsmakers werecaught off guard by the UK's vote to leave the European Union. The immediate reaction in the financial markets wasswift and violent owing to the surprise. Financial markets will likely calm somewhat after a period of shock and awe, but will find themselves settling into ...
Bain Insights, Contributor / Forbes   |   Wed, 29 Jun 2016 19:05:00

Current Links

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

U.K. innovation districts and Brexit: Keep calm and carry on

The tide of uncertainty that has swept the United Kingdom after its vote to leave the European Union has spared few-including its emerging class of innovation districts . These hubs of innovation -where anchor institutions, such as universities and R&D laden companies cluster and connect with startups, incubators, and a ...
Julie Wagner and Bruce Katz / Brookings   |   Wed, 29 Jun 2016 19:00:00

The Real Lesson From Brexit

Luigi Zingales at ProMarket: The Real Lesson From Brexit: ...What we have observed in Britain and ... in the U.S. with Trump is a growing mistrust of voters toward experts. In the Brexit debate it was hard to find any...
Mark Thoma / Economist's View   |   Wed, 29 Jun 2016 18:57:44

EU leaders hope Brexit lessons spread

The economic pain suffered by the UK since its Leave vote could take the wind out of Eurosceptics
FT   |   Wed, 29 Jun 2016 18:57:19

FTSE 100 erases post-Brexit losses as buying bonanza fuels rebound

Tara Cunningham / Telegraph   |   Wed, 29 Jun 2016 18:55:26

Why 'Game Of Thrones' Isn't Going To The Wall: Brexit Could Actually Grow Britain's TV Drama Sector

Staring into Westeros'sfuture outside the E.U. - star Kit Harington's show, Game of Thrones, is safe from death-by-Brexit (Photo by Jordan Perhaps Game of Thrones was the big one. Arguably the world's most popular TV show at the moment, Game of Thrones is largely shot in Northern Ireland. So it ...
Neil Midgley, Contributor / Forbes   |   Wed, 29 Jun 2016 18:55:00

GM chief economist sees negligible impact of Brexit on U.S. autos

June 29- General Motors chief economist Mustafa Mohataram said the automaker sees no significant impact to the U.S. auto market from UK voters' recent decision to exit the European Union. On Wednesday, Mohataram said he sees less than a 20 percent chance of a U.S. interest rate hike in 2016 ...
CNBC   |   Wed, 29 Jun 2016 18:54:00

Why So Many Big Investors Got Brexit Wrong?

As investors digest last week's Brexit vote, they're asking a single question: Why were so many pros shocked by the results.
Gregory Zuckerman / MoneyBeat   |   Wed, 29 Jun 2016 18:53:57

JP Morgan Strategist Says US Protected from Brexit Fallout

Some investors are worried there is more risk to the downside, even as the Nasdaq has recovered about half of its losses after the U.K. vote last week to leave the European Union. But Ben Mandel, global strategist at JPMorgan, told CNBC's "Squawk on the Street" on Wednesday that there ...
Alfonso Esparza / OANDA   |   Wed, 29 Jun 2016 18:51:22

Investors pull $831 mln from high-yield funds ahead of Brexit -ICI

NEW YORK, June 29 (Reuters) - Investor risk aversion was on display for a second consecutive week as high-yield junk funds posted outflows of $831 million in the week leading up to the Brexit vote,...
Reuters   |   Wed, 29 Jun 2016 18:45:40

Home Depot: A Stock Shelter From Brexit's Impact

HD is riding high on its strategic growth catalysts. improved customer experience, and robust financials.
Gene Marcial, Contributor / Forbes   |   Wed, 29 Jun 2016 18:44:00

The Upside of Brexit: 9 Ways You Can Save Money

money-1760_640.jpg Pixabay / By Suman Bhattacharyya,The Fiscal TimesJune 29, 2016 The U.K.'s surprising Brexit vote sent global markets into a tailspin, with economists warning about the possibly dire long-term effects. But beyond the gloomy scenarios lie a few upsides, at least in the short-term: cheaper travel and cut-price British goods, ...
sbhattacharyya / Fiscal Times   |   Wed, 29 Jun 2016 18:37:59

Santelli: Brexit consequences

Otmar Issing and CNBC's Rick Santelli discussed the future of the EU and the consequences of Brexit.
CNBC   |   Wed, 29 Jun 2016 18:36:00

Blaming Brexit on Putin and Voters (the People)

Stephen F. Cohen Unwilling to confront its own responsibility, the US political-media elite is again demonizing Putin and denigrating democracy to explain the UK vote to leave the EU.
Stephen F. Cohen / The Nation   |   Wed, 29 Jun 2016 18:33:55

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

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

WTF WTI

WTI Crude has now soared 9% in the last 2 days ripping back to pre-Brexit highs above $50... The machines managed to perfectly tag $50.00 before fading back.
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 18:29:39

Goldman: 3 Bargains Created By Brexit Fears

As investors hedge against geopolitical aftershocks, earnings may boost Amazon, Dick's, and Post.
Barrons   |   Wed, 29 Jun 2016 18:28:31

My 350 on Brexit: The false dichotomy of the media and Brexit debate continues

"Remain in the EU and your a righteous liberal who stands for modern values, or leave the EU and your a dumb, misinformed xenophobe." The false dichotomy of the media and BREXIT debate continues; remain in the EU and your a righteous liberal who stands for modern values, or leave ...
Gimo Zangana / Open Democracy   |   Wed, 29 Jun 2016 18:27:24

Kipper Williams on Brexit and carmakers

UK carmakers face skills shortage if EU workers restricted, says industry Continue reading...
Kipper Williams / Guardian   |   Wed, 29 Jun 2016 18:24:57

Brexit Winners: Computers 1, Humans 0

Suck it, humans!
Bess Levin / Dealbreaker   |   Wed, 29 Jun 2016 18:23:04

Radical change is never without risk. But I truly believe that history will thank us for Brexit

Allister Heath / Telegraph   |   Wed, 29 Jun 2016 18:22:13

7 tweets that forecast Brexit will devastate the British economy

The Economist Intelligence Unit is a think tank affiliated with the Economist magazine that forecasts economic trends around the world. In the wake of Britain's vote to leave the European Union - dubbed "Brexit" - it's revising its forecast for Britain's economy. The results are not pretty: EIU Brexit Take ...
Timothy B. Lee / Vox   |   Wed, 29 Jun 2016 18:20:02

U.K. ETFs, FTSE 100 Rebound After Brexit Sell-Off

United Kingdom stocks and the pound sterling plunged on the Brexit vote, but a benchmark index of blue-chip UK stocks has already erased losses while the cable remains depressed, highlighting the potential currency risks that U.S. exchange traded fund investors face when looking to overseas markets. The FTSE 100 climbed ...
Max Chen / ETF Trends   |   Wed, 29 Jun 2016 18:18:37

Avoid The Airline Sector In Looking For A Brexit Bounce

Well, that was quick, wasn't it? Brexit came and went--according to the markets, anyway--in the blink of an eye. I have written two columns on Brexit for Forbes, the first in real-time (and in the middle of the night) recommending five "best of British" stocks, and the second recommending Barclays, ...
Jim Collins, Contributor / Forbes   |   Wed, 29 Jun 2016 18:14:00

How Will The Brexit Impact Philip Morris?

Global tobacco giant Philip Morris International saw its stock decline 4.1% in the aftermath of the UK's vote to leave the European Union. This was not only due to a general weakness in the overall market, but also as a result of concerns regarding the company's sales and profitability in ...
Trefis Team, Contributor / Forbes   |   Wed, 29 Jun 2016 18:12:00

Q&A Brooke Roberts: What A London Fashion Designer Has To Say About Technology And Brexit

1px; color: #000; background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 658px; padding: 0; width: calc(100% - 2px);" Kicking off the countdown to London Technology Week ~ featuring Brooke Roberts Medical Scan knitwear ~ [...]
Emma Sandler, Forbes Staff / Forbes   |   Wed, 29 Jun 2016 18:10:00

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

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

This is no time to attack BoE credibility

The leaders of the Brexit campaign owe Mark Carney an apology
FT   |   Wed, 29 Jun 2016 18:08:02

US Brexit impact limited, expert says

There is a "set of two shock absorbers which mitigate the effect for the U.S. in particular," said Ben Mandel of JPMorgan.
CNBC   |   Wed, 29 Jun 2016 18:08:00

Procrastinating on June 29, 2016

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

UK: Lack of vision or lack of leadership?

Both main political parties in UK are suffering leadership crisis and failing to say what happens next after Brexit vote
Al Jazeera   |   Wed, 29 Jun 2016 18:07:21

Brexit shows executive pay must be reformed, says fund manager

Vote to leave EU has exposed divisions in society that have to be addressed, according to Hermes Investment Management The vote to leave the EU has exposed divisions in society that mean reform of executive pay at big companies is urgent, according to one of the UK's top fund managers. ...
Sean Farrell / Guardian   |   Wed, 29 Jun 2016 18:06:40

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

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

The Algos Are Winning Again (In Trading The Brexit Chaos)

As we warned heading into the Brexit vote, it appeared that many human investors had quite a bit of misplaced confidence in the Remain vote, and it ultimately turned out that we were right. It also turns out that the algos have traded the event better than humans as well. ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 18:01:49

Dow up more than 200 on Day 2 of 'Brexit' relief rally

U.S. stocks are looking to extend its gainsand claw back some 'Brexit' losses.
USA Today   |   Wed, 29 Jun 2016 18:01:09

New commercial mortgage deal struggles after Brexit

Societe Generale has widened guidance on its new US$736m commercial mortgage bond amid heightened volatility near quarter end and uncertainty in the wake of Britain's vote to quit the European Union, buyside sources told IFR.
IFR   |   Wed, 29 Jun 2016 18:01:00

What Brexit Reveals About Rising Populism

The United Kingdom's vote to leave the EU demonstrates that rising populism in Europe and the United States are both driven by voters who feel alienated from the benefits of globalization, says CFR's Edward Alden.
Council on Foreign Relations / CFR   |   Wed, 29 Jun 2016 17:55:58

Priceline Group Inc: Brexit Effect Won't Be As Bad As First Thought

The Priceline Group tanked after the Brexit vote as investors became concerned about the company because of its massive exposure to the European travel market. However, the online travel company's stock is making a comeback along with the rest of [...] The post Priceline Group Inc: Brexit Effect Won't Be ...
Michelle Jones / Value Walk   |   Wed, 29 Jun 2016 17:54:43

Don't Panic: United Kingdom's Brexit Decision Won't Necessarily Hurt NATO

Britain's vote to leave the EU doesn't necessarily weaken NATO.
Michael Spirtas / U.S. News   |   Wed, 29 Jun 2016 17:50:00

The Psychology of Voting to Leave the EU

Britain's Brexit vote has shocked the political elites of both the U.S. and Europe. The vote wasn't just about the EU; in fact, polls before the referendum consistently showed that Europe wasn't top on voters' lists of concerns. But on both sides of the Atlantic Ocean, large numbers of people ...
Eric Beinhocker / The Atlantic   |   Wed, 29 Jun 2016 17:47:01

The European Union: What Went Wrong

( Steven Hayward ) The migrant crisis is thought to be the chief precipitating event behind the shocking UK Brexit vote outcome, along with the general sense that the European Union and its ever expanding bureaucracy and high-handed intrusiveness is becoming intolerable. But remember that the decision to hold a ...
Steven Hayward / Power Line   |   Wed, 29 Jun 2016 17:46:53

Why the Stock Market Shouldn't Be Used to Judge Brexit

Last week, the United Kingdom decided to leave the European Union. The U.K.'s earlier decision to stay out of the Euro currency (which most, but... Read More The post Why the Stock Market Shouldn't Be Used to Judge Brexit appeared first on The Daily Signal .
Salim Furth / The Foundry   |   Wed, 29 Jun 2016 17:46:34

Brexit, A Step In The Right Direction: The Optimistic View

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Brexit can be constructively viewed as a systemic step towards solving existing scarcities. In the conventional narrative, Brexit is about immigration, escaping the EU's bureaucrats of Brussels, class war or political theater. It may be about all of these, but beneath these surface ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 17:46:16

Brexit Portfolio Strategy Analysis & Why ETFs Suck (Video)

By EconMatters We delve into Portfolio Strategy and the lesson of not panicking right after an event that wasn`t priced into financial markets. Unfortunately, Karen Finerman of New York-based hedge fund Metropolitan Capital Advisors panicked in my opinion after the initial first blush reaction to the Brexit event. It may ...
EconMatters / Zero Hedge   |   Wed, 29 Jun 2016 17:44:59

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

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

Brexit Highlights Need for Trade Without Costly Regulations

Britain's vote to leave the European Union serves as a lesson for U.S. trade negotiators that the goal of trade agreements should be to increase... Read More The post Brexit Highlights Need for Trade Without Costly Regulations appeared first on The Daily Signal .
Bryan Riley / The Foundry   |   Wed, 29 Jun 2016 17:42:32

How Brexit Uncertainty Could Produce a British Boom

Under the right conditions, uncertainty can lead to more investment and growth.
John Carney / MoneyBeat   |   Wed, 29 Jun 2016 17:40:34

Brexit Freakout Reaches Porn Levels Of Mass Hysteria

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

Unthinkability Bias

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

Barclays is out of crisis mode as Brexit worries subside

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

Official: EU trade negotiations to go on despite Brexit

WASHINGTON (AP) - The European Union and the United States will continue negotiating a major free trade deal, despite Britain's decision to leave the EU, Europe's top trade official said Wednesday.
Associated Press   |   Wed, 29 Jun 2016 17:25:00

Will Brexit Actually Curb Immigration to the U.K.?

Immigration was at the heart of the campaign in the U.K. to leave the European Union-though it was by no means the only issue-and when the votes were ultimately counted, a comfortable majority, 52 percent to 48 percent, chose to leave the bloc. "The political message from the referendum is ...
Krishnadev Calamur / The Atlantic   |   Wed, 29 Jun 2016 17:22:08

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

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

Mark Carney to live broadcast statement to soothe market anxieties

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

Why Brexit Is a Wake-Up Call for China

China should worry about how risks from Brexit darken its outlook rather than gloat over Europe's decline.
Barrons   |   Wed, 29 Jun 2016 17:14:53

Did Brexit Help the Right Win in Spain?

Bécquer Seguín, Sebastiaan Faber It certainly played a role-and the disappointing result should reignite debates within Podemos over long-term strategy.
Bécquer Seguín, Sebastiaan Faber / The Nation   |   Wed, 29 Jun 2016 17:11:19

Common-sense outcomes emerge for capital markets in Brexit discussions

IFR Editor-at large Keith Mullin examines the regulatory challenges as the dust settles on a post-Brexit London
IFR   |   Wed, 29 Jun 2016 17:10:00

FTSE 100 now higher than before EU vote

Rise of over 3% adds nearly £60bn added to the value of Britain's top 100 companies Leading London-listed shares have recorded their biggest daily rise since October 2011 and regained all the losses suffered since the Brexit vote and more, with nearly £60bn added to the value of Britain's top ...
Nick Fletcher / Guardian   |   Wed, 29 Jun 2016 17:09:33

BofA: To Save Markets Central Banks Just Made Inequality And Populism Even Worse

There is a large dose of irony to the post-Brexit market response: while on one hand stocks have soared and as of today the S&P500 has already recouped more than half its post-Brexit losses (the SPX sank 5.7% peak-to-trough since the referendum and has since bounced 3.5%) an even sharper ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 17:08:30

A guide to becoming a French citizen in a post-Brexit world

With Britons living across the EU now wondering what Brexit will mean for their legal status abroad, many in France are looking to become citizens - a protracted process that mainly involves collecting a vast array of documentation.
Khatya CHHOR / France 24   |   Wed, 29 Jun 2016 17:07:10

Brexit Could Boost Drug Costs for Britain's National Health Service

The Brexit vote is likely to hurt the cash-strapped British National Health Service health system because the sharp fall in the pound is hurting traders that sell cut-price drugs to the NHS after importing them.
WSJ   |   Wed, 29 Jun 2016 17:06:47

FTSE 100 erases Brexit losses

UK blue-chip index priced in dollar terms remains 8.5% cheaper than its pre-referendum level
FT   |   Wed, 29 Jun 2016 17:06:31

Will These REITs Get Brexited?

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

'Giant red flag' in German bund: Pro

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

M&A hit by Brexit and Trump uncertainty

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

Brexit Weighs on Big Oil ETFs

The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, are among the various commodities exchange traded products that have been stung by the Brexit result. A stronger dollar coupled ...
Brenton Garen / ETF Trends   |   Wed, 29 Jun 2016 17:02:18

FTSE 100 regains all its losses since shock Brexit vote despite recession fears - as it happened

Stock markets in Asia and Europe are recovering, despite the massive uncertainty caused by last week's EU referendum FTSE 100 gains 3.58% in second day of rises Fitch predits investment shock Pound up, but more volatility expected Introduction: Markets recovering in face of political crisis 6.01pm BST It was not ...
until 2.45pm BST / Guardian   |   Wed, 29 Jun 2016 17:01:52

Britain Deserves Our Eternal Friendship

Brexit or not, close allies must remain 'front of the queue'
The Editors / NY Observer   |   Wed, 29 Jun 2016 17:00:26

What I learned from trying - and failing - to stop Brexit

I woke at 5:30 am on Friday to find that 52 percent of the UK voted in favor of Brexit, the UK leaving the European Union. My first political campaign was over, and after months of volunteering, I had lost. The empty feeling in my gut wasn't for the result, ...
Mathew Shearman / Vox   |   Wed, 29 Jun 2016 17:00:04

Consistent Access To Reinsurance Positive For Re/insurers Post-Brexit

Seeking Alpha   |   Wed, 29 Jun 2016 16:55:45

Aftershocks: An Index of Uncertainty Surges After

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

Dixons Carphone rings up 17% profit jump

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

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

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

FTSE 100 closes above Brexit crisis levels

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

Can Michael Gove Make Sarah Happy?

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

UPDATE 1-BoE's Carney to speak on Thursday as UK reels from Brexit vote

LONDON, June 29 (Reuters) - Bank of England Governor Mark Carney is set to outline his thinking on how Britain's economy is coping with last week's vote to leave the European Union in a speech on...
Reuters   |   Wed, 29 Jun 2016 16:43:17

U.S. Stocks Higher as Brexit Worries Ease

U.S. stocks rallied Wednesday as fears receded that the U.K.'s referendum vote last week to leave the European Union would disrupt the global economy.
WSJ   |   Wed, 29 Jun 2016 16:40:43

Aswath Damodaran - The Brexit Effect: The Signals Amidst The Noise

The Brexit Effect: The Signals Amidst The Noise by Aswath Damodaran There are few events that catch markets by complete surprise but the decision by British voters to leave the EU comes close. As markets struggle to adjust to the [...] The post Aswath Damodaran - The Brexit Effect: The ...
Aswath Damodaran / Value Walk   |   Wed, 29 Jun 2016 16:37:37

Legg Mason: Unwarranted Brexit Fears Drive 50% Upside For This Asset Manager

Seeking Alpha   |   Wed, 29 Jun 2016 16:36:16

My 350 on BREXIT: Respect and regard for the different nations and regions in the UK.

"The irony of the BREXIT referendum result is that it may well move the UK towards a federal Britain based on clear principles of mutual accountability and shared The irony of the BREXIT referendum result is that it may well move the UK towards a model which many in the ...
Michael Hammer / Open Democracy   |   Wed, 29 Jun 2016 16:36:12

Realists And Deniers Repeat Brexit Vote: The Debate That Will Damage Markets For Years To Come

Unfortunately, Brexit is not yet over. The closing of the polls only started the confusion within business and markets. Now, two groupings are battling over the aftermath. The uncertainty arising from political wrangling may be just as harmful to the vote that the market moves.
Jonathan Webb, Contributor / Forbes   |   Wed, 29 Jun 2016 16:34:00

Is Brexit Actually Good For Europe?

Malte Lehming Global Governance, Europe Many ideologies have to achieve power before they can be refuted. Revived nationalism gets its test case. Many ideologies have to achieve power before they can be refuted. Absent what used to be known as really existing socialism-the Gulag, Mao's Cultural Revolution and so on-millions ...
Malte Lehming / National Interest   |   Wed, 29 Jun 2016 16:32:00

Key U.K. stock index wipes out post-Brexit plunge

Blue-chip British stocks shrug off referendum hangover
Globe and Mail   |   Wed, 29 Jun 2016 16:30:25

The Brexit contagion myth

Brexit has sparked fears of political contagion to the rest of the EU. Populist parties in France, the Netherlands, Italy, Sweden, Austria, and Denmark have already expressed support for referendums on EU membership. If Britain can prove it is possible to thrive outside the EU, it may strengthen these populist ...
Thomas Wright / Brookings   |   Wed, 29 Jun 2016 16:30:00

Brexit Vote Roils Real-Estate Markets

Investors are dumping property shares in Britain and developers are reassessing projects following the U.K. vote to leave the EU.
WSJ   |   Wed, 29 Jun 2016 16:25:57

Brexit Might Save You Money at the Gas Pump This Fourth of July Weekend

ERIC GAILLARD By Ellen 29, 2016 Crude oil prices plunged Friday in the aftermath of the unforeseen results of Brexit vote and will continue their decline in the short-term. That could spell good news at least for drivers stateside who will celebrate their own Independence Day with cheaper gas prices. ...
jstelzer / Fiscal Times   |   Wed, 29 Jun 2016 16:22:11

My 350 on BREXIT: Why were the EU Referendum predictions so inaccurate?

"Ultimately, it was this wave of anger and disillusion that decided this election." The EU Referendum results last week came as a surprise to many. Polling had been fairly close throughout, but a poll taken the day before the vote showed a four-point lead for the Remain camp. Bookies were ...
Sathesh Alagappan / Open Democracy   |   Wed, 29 Jun 2016 16:19:56

EU leaders harden opposition to Brexit concessions

Watershed summit without UK rebuffs Cameron after PM blamed EU for referendum defeat
FT   |   Wed, 29 Jun 2016 16:18:18

Feldstein on Brexit

Marty appraises the fallout.
Greg Mankiw / Greg Mankiw   |   Wed, 29 Jun 2016 16:18:00

GLOBAL MARKETS-Stocks and oil prices gain as Brexit nerves settle

* Oil jumps on U.S. drawdown, looming strike in Norway (Adds U.S. markets open; updates prices; adds Moody's quote, European banks index; changes dateline from LONDON)
Reuters   |   Wed, 29 Jun 2016 16:17:50

Pound rallies ahead of current account data

Bounce expected to be shortlived as Brexit worries take their toll
FT   |   Wed, 29 Jun 2016 16:17:12

Credit markets open up as groups sell debt

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

Brexit and Stocks: By the Numbers

What looked like the end of the world Friday -- when Britain voted to leave the European Union -- now appears to be just another shock. Adam Shell for USA TODAY.
USA Today   |   Wed, 29 Jun 2016 16:13:38

Brexit makes Hinkley decision tougher

EDF's decision on whether to push ahead with the £16bn Hinkley Point C nuclear power station project has been made a lot tougher following the UK's Brexit result last week. The decision is now in the hands of French politicians, who are likely to have been shocked by last week's ...
IFR   |   Wed, 29 Jun 2016 16:12:00

Britain's banks called to 'fireside chat'

Bank of England discusses impact on financial system of Brexit vote
FT   |   Wed, 29 Jun 2016 16:10:17

Post-Brexit: we need a new vision for Europe

The director of Friends of the Earth Europe responds to the UK Brexit vote. The UK's decision to leave the European Union is an undeniable wake-up call for European politics. Its roots and drivers are diverse and its impacts will be manifold, but likely negative. We already know that about ...
Magda Stoczkiewicz / Open Democracy   |   Wed, 29 Jun 2016 16:09:04

Our 350 on BREXIT: Had British political leaders refused to sacralise the 'will of the people'...

"There are times when governments also have to realise that there is no substitute for expertise and experience." According to Google Trends, searches for "what is the EU?" and "what is Brexit?" began to surge across the UK only after polling stations had closed. Indeed, tweeting on June 24, Google ...
Michael Ondaatje and Mark Chou / Open Democracy   |   Wed, 29 Jun 2016 16:08:09

What Brexit-Bashing Elites Don't Get About Democracy

Democracy is too important to be left to the people. That is the global elite's collective reaction to Britain's vote to exit the European Union, which is being portrayed as the work of ill-informed xenophobes who never should have been entrusted with a decision of such world-historical importance. Judging by ...
Rich Lowry / Real Clear Politics   |   Wed, 29 Jun 2016 16:07:16

No Black Swan: This 8-Year Cycle Warned Of Brexit, Trouble Ahead

To Eric Hadik, the stunning BREXIT outcome of the UK voting to leave the EU was no black swan event at all. He got it right based on an uncanny 8 year cycle of events that goes back decades, pinpointing British economic and currency crises, and he sees more trouble ...
Troy Onink, Contributor / Forbes   |   Wed, 29 Jun 2016 16:06:00

Front Row for the Fall of England

Dave Zirin England's soccer loss to Iceland in the European Cup adds insult to injury in the wake of Brexit.
Dave Zirin / The Nation   |   Wed, 29 Jun 2016 16:05:33

My 350 on BREXIT: Looking back, looking now, looking forward

"Whether nor not Brexit happens, a new social contract for the UK is needed." Looking back: 1. Poorly designed referendum, should have had minimum win threshold set at a level to require small supermajority (55% say so minimum 10% margin for major constitutional change) and turnout threshold (70% which would ...
D.Owen / Open Democracy   |   Wed, 29 Jun 2016 16:05:04

France's Hollande says Brexit won't change channel migrant deal

French President François Hollande said Wednesday that Britain's vote to leave the EU should not change a deal to stop migrants crossing the Channel, which led to many being stuck at camps in Calais.
FRANCE 24 / France 24   |   Wed, 29 Jun 2016 16:03:42

Dream the Impossible Dream: Dow Jumps 210 Points as Brexit Fails to Eradicate Optimism

Stocks continue to rally as investors took in the response to Brexit and decided to keep calm and carry on. The S&P 500 has risen 1.4% to 2,063.56, while the Dow Jones Industrial Average has advanced 212.13 points, or 1.2%, to 17,621.85. The Nasdaq Composite has gained 1.6% to 4,765.48. ...
Ben Levisohn / Stocks To Watch   |   Wed, 29 Jun 2016 16:00:51

Sam Adams Brewer Seeks to Trademark 'Brexit'

Brexit may not just be historic. It could soon be alcoholic.
Jacob Gershman / WSJ Law Blog   |   Wed, 29 Jun 2016 15:55:59

Timmy's fun elsewhere

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

The Most Ludicrous Brexit Claim Yet - Britain Will Starve

It's extremely difficult to believe that any one could seriously credit this contention that Brexit, the process of Britain leaving the European Union, could lead to the UK not being able to feed itself. The entirely mindboggling argument is that Britain currently imports much of its food from the European ...
Tim Worstall, Contributor / Forbes   |   Wed, 29 Jun 2016 15:49:00

Who's Risky Now? A Brexit Boost for Emerging Markets

Political risk only gets paid lip-service in developed markets. Emerging markets have an advantage here.
WSJ   |   Wed, 29 Jun 2016 15:48:40

Farage deserted by Brexit bandmates?

It's been almost a week since the British public went to the polls and set in motion one of the most traumatic periods in the country's recent history.
CNN   |   Wed, 29 Jun 2016 15:46:32

My 350 on BREXIT: Fear and disappointment confirmed

"I avidly kept my eyes on the news in the hope that things would turn out not to be so bad." My first reaction was one of fear and disappointment. Fear for the future should all the predictions come true, and disappointment that the truth had not got through. Having ...
Maria / Open Democracy   |   Wed, 29 Jun 2016 15:42:59

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

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

Brexiteers 1 : 0 Scaremongers - UK Stocks Erase All Brexit Losses

It seems Farage was right... again... "Can we all just grow up, stop this absolute scare-mongering nonsense?" Farage told CNBC on Tuesday, adding that the FTSE 100 is up 3 percent today. "Can we just end this complete rubbish?" FTSE 100 is now unchanged from pre-Brexit as Osborne, Cameron and ...
Tyler Durden / Zero Hedge   |   Wed, 29 Jun 2016 15:39:49

But Of Course Marc Faber Wants To Talk About Brexit

Dr. Doom is making Titanic analogies and burying gold in his yard.
Thornton McEnery / Dealbreaker   |   Wed, 29 Jun 2016 15:39:04

EU referendum: The claims that won it for Brexit, fact checked

Ashley Kirk / Telegraph   |   Wed, 29 Jun 2016 15:32:41

Brexit and Democracy

By Mary Kaldor The vote to leave Europe seems to have set off a spate of events spinning in different and dangerous directions. The two main political parties are falling apart. Scottish politicians are already a tabling a second referendum ... Continue reading →
Eurocrisis in the Press / LSE Euro Crisis   |   Wed, 29 Jun 2016 15:31:41

AUD/USD hovers near weekly highs

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

EMERGING MARKETS-Latam stocks, currencies up for 2nd day as Brexit woes fade

SAO PAULO, June 29- Latin American stocks and currencies rose for a second day on Wednesday as prospects of central bank stimulus overshadowed concerns over Britain's decision to leave the European Union. Banking shares, which were among the most affected by Britain's decision, extended their rebound on Wednesday. Lender Itaú ...
CNBC   |   Wed, 29 Jun 2016 15:31:00

Being Reality-Based Isn't Elitist

The title of an article by James Traub in the aftermath of Brexit caught my eye: It's Time for the Elites to Rise Up Against the Ignorant Masses. Here is how he sums up what is going on: The schism we see opening before us is not just about policies, ...
Political Animal   |   Wed, 29 Jun 2016 15:30:48

What happened to the truth?

CNN   |   Wed, 29 Jun 2016 15:28:27

The Brexit Comes At A Steep Price

Expert Commentary British voters delivered a shock to global markets on Thursday with their 52-48% vote to leave the European Union. When the turmoil subsides, more sober-minded Brits may come to regret their decision to abandon their four-decade membership in the continental-sized common market. For now, Great Britain remains a ...
Daniel Griswold / Mercatus   |   Wed, 29 Jun 2016 15:25:39

Our 350 on BREXIT: MigrantsOrganise

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

ANALYSIS. Globalization's Angst and the Brexit Vote

Eurasia Review. Spain.
Eurasia Review. Spain. / World Affairs   |   Wed, 29 Jun 2016 15:22:42

New Zealand offers UK its top trade negotiators for post-Brexit deals

Peter Spence / Telegraph   |   Wed, 29 Jun 2016 15:22:30

NYC Mayor: Brexit Is About 'Elites That Have Failed Working People'

New York City Mayor Bill de Blasio sees a familiar issue at the heart of Brexit: income inequality.
Jillian Jorgensen / NY Observer   |   Wed, 29 Jun 2016 15:22:14

UPDATE 1-Follow the rules on banks, EU tells Italy, Brexit no excuse

BRUSSELS, June 29- Germany and the European Commission told Italy on Wednesday to follow the rules after Italy made preliminary plans to prop up its banks in the wake of volatility caused by Britain's vote to leave the European Union. Banking and government sources said Italy was preparing to protect ...
CNBC   |   Wed, 29 Jun 2016 15:20:00

UPDATE 2-ECB to hold fire after Brexit vote as markets regain poise: officials

SINTRA, Portugal, June 29- The European Central Bank is in no rush to ease monetary policy in response to Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, bank officials said on Wednesday. Indeed, ECB Vice President Vitor Constancio said that markets were already rebounding, ...
CNBC   |   Wed, 29 Jun 2016 15:18:00

Brexit: who trades what with the UK?

The result of the UK referendum to leave the European union will likely impact the UK's trade with other countries. Our database shows what products EU countries trade with the UK.
Silvia Merler / Bruegel   |   Wed, 29 Jun 2016 15:17:06

Home Builders Offer Shelter From Brexit, Shocks

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

Silver hits 18-month high

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

ManpowerGroup Faces Brexit Hit-Job

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

Brexit Panic Is Overblown; Charts Reveal Little New

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

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

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

Two Online-Travel Picks for Low Brexit Exposure

Two Online-Travel Picks for Low Brexit Exposure Sabre has an almost immaterial exposure to the U.K. while Expedia's U.K. exposure is in the middle single digits.Two Online-Travel Picks for Low Brexit Exposure Sabre has an almost immaterial exposure to the U.K. while Expedia's U.K. exposure is in the middle single ...
Barrons   |   Wed, 29 Jun 2016 15:07:07

PPL Pummeled by Pound, Brexit

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

Four Asset Managers Most Exposed to Brexit

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

NZD/USD - Kiwi Rally Continues as Markets Digest Brexit

The New Zealand dollar has posted considerable gains on Wednesday, continuing the upward trend that marked the Tuesday session. On the release front, it's a busy day. New Zealand will release ANZ Business Confidence. In the US, Pending Home Sales plunged 3.7%, much weaker than expected. US Personal Spending posted ...
Kenny Fisher / OANDA   |   Wed, 29 Jun 2016 15:03:35

Millennials in Brexit mourning

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

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

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

'Brexit' fall-out: Winners and losers

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

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

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

Investors reassess risks after Brexit

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

The Brexit-proof stocks that investors are craving

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

Leaders of US, Canada, Mexico Meet with Trade Threats, Brexit on their Minds

Reuters.
Reuters. / World Affairs   |   Wed, 29 Jun 2016 14:57:26

Trump win 'equivalent to Brexit'

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

Ab Fab: Patsy and Edina talk Brexit

Jennifer Saunders and Joanna Lumley add more fab to "Absolutely Fabulous: The Movie" premiere, to cheer up a gloomy Britain
U.S. News   |   Wed, 29 Jun 2016 14:54:03

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

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

#SafetyPin: Brits fight rise of racial abuse

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

5 Simple Steps To A Brexit-Proof Portfolio

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

BREXIT: Time for the U.K. to Up Defense Spending

Alexander B. Gray Brexit, Europe With the decision of Britain's electorate to exit the European Union, British leaders will be searching for the appropriate strategy to anchor their country's foreign policy in the decades to come. Whether one agrees with the "Brexit" gamble or not, it is clear that London ...
Alexander B. Gray / National Interest   |   Wed, 29 Jun 2016 14:48:00

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

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

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

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

Uncommon Knowledge: European Disunion

Hoover Institution fellow Michael McFaul and John O'Sullivan discuss the many problems Europe is facing including an aggressive Russia, Brexit, NATO and the asylum crisis in Germany. McFaul and O'Sullivan give their analysis of these problems and what it means for the future of Europe. (Note: This episodewas recorded on ...
Peter Robinson / National Review   |   Wed, 29 Jun 2016 14:45:53

Make the UK the 51st state?

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

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

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

Income and Spending Balloon in May, Though Future Growth Uncertain

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

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

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

Post Brexit, Bernie Sanders Pens Impassioned NY Times Op-Ed: 'Democrats Need to Wake Up'

Sanders eviscerates the party's coziness with the global elite and unfair economic policies. Bernie Sanders penned an op-ed in the New York Times Tuesday, eviscerating the economic policies "established and maintained by the world's economic elite" that "is failing people everywhere." Discussing some of the factors that prompted British voters ...
Elizabeth Preza, AlterNet / AlterNet   |   Wed, 29 Jun 2016 14:37:00

Future of US-UK 'special relationship'

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

Brexit And Uncertainty

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

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

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

Petition for second EU referendum reaches 4 million as hundreds attend anti-Brexit protest in London

David Millward / Telegraph   |   Wed, 29 Jun 2016 14:32:53

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

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

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

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

MS: Brexit Could Spark Global Recession

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

How computers beat humans on Brexit

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

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

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

DXY inter-markets: temporary dip?

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

Globalization's So-Called Winners and Losers

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

Financial Stocks Are The Brexit Losers

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

Gilead Sciences: Still the Most Undervalued Stock in Biotech

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

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

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

Weird Brexit prediction

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

Brexit just put Japan in an awkward spot

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

Beyond Brexit: Europe's Populist Backlash Intensifies

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

Brexit Kills That EU Financial Transactions Tax Stone Dead Then

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

Europe launches reform after Brexit shock

Hoping to stave off a broader political crisis after Britain's shock decision to leave the EU, European leaders agreed on Wednesday to spend the next...
euronews   |   Wed, 29 Jun 2016 14:11:22

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

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

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

One surprising thing about Britain's vote to leave the EU is that Britain's economy has been doing better than a lot of European countries. Unemployment in the United Kingdom has fallen to 5 percent, its lowest level in a decade. In contrast, the average unemployment rate among countries that (unlike ...
Timothy B. Lee / Vox   |   Wed, 29 Jun 2016 14:10:00

What Is Brexit's Impact on Global Economy?

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

Brexit Is No Lehman Moment

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

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

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

Volkswagen: From Dieselgate to Brexit

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

Buy-the-Dip Traders Targeting German Stock ETFs

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

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

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

Being Reality-Based Isn't Elitist

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

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

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

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

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

Weaker pound may spur UK luxury real estate after referendum

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

Alphabet's (GOOGL) Price Target Cut On Brexit

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

Gartman Is Selling The Rally

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

Bank chiefs called to BoE to discuss Brexit

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

Brexcited! Dow Jumps 135 Points as Stocks Look Past Brexit

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

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

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

Dow up 150 on Day 2 of Brexit relief rally

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

With Both Parties in Turmoil, Britain Weighs a General Election

A successor to Prime Minister David Cameron might want to seek his or her own mandate from voters after the decision to exit the European Union.
STEVEN ERLANGER and STEPHEN CASTLE / NY Times   |   Wed, 29 Jun 2016 13:42:16

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

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

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

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

How Brexit caused a Wall Street sell-off

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

Mercatus Center Scholars Weigh in on Brexit

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

Banks on edge over UK passporting options

Investment banks are scrambling to establish how post-Brexit changes in the UK's rights for financial services will impact their businesses, putting thousands of jobs in London in the balance.
IFR   |   Wed, 29 Jun 2016 13:40:00

Brexit inspires Dutch eurosceptics to demand similar referendum vote

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

There isn't going to be a 'Brapocalypse'

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

Why 'Brexit' shock isn't killing stocks

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

Santelli: Defining move on Brexit

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

Brexit ETF Trading Stays Comfortably Numb

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

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

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

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

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

Hollande says no sense in scrapping France-Britain border policy

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

Wall St stocks climb as sterling rallies

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

EU Calls for 'Orderly' Brexit

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

Silver ETFs Might be due for Pullbacks

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

Brexit - The Weird Hobbesianism Of The Brexiphobes

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

Brexit unfolds - Cameron delivers Corbyn jibe as EU leaders meet

The latest developments in the Brexit vote fallout
FT   |   Wed, 29 Jun 2016 13:27:59

England's Stiff Upper Lip Wobbles After Dual Shocks

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

Stocks set to extend post-Brexit bounce

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

Brexit watch: Scots to divorce England by 2019 reckons bank

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

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

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

Markets Move Higher With Talk Of An 'Orderly' Brexit

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

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

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

Leave EU Backer Suffers Big Post-Brexit Losses, Shrugs

After Brexit turmoil knocked $865 million off his fortune, Peter Hargreaves, the billionaire who was the biggest financial backer of the campaign for Britain to leave the EU, is remarkably relaxed.
WSJ   |   Wed, 29 Jun 2016 13:21:37

AUD/USD - Aussie Subdued as Brexit Shock Subsides

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

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

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

Brexit Bargains To Buy Now

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

Brexit: Here Are The Latest Known Unknowns

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

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

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

'Brexit' fall-out: Economic winners and losers

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

BREXIT and disintegrating civilisations

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

Underestimating post-Brexit risks

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

Brexit Lifeboat

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

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

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

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

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

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

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

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

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

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

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

Brexit from across the Irish border

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

No further ECB easing just yet - RTRS

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

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

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

Want to tackle post-Brexit racism? Wear a safety pin

The hashtag #safetypin was trending following the launch of an online campaign against the reported rise in alleged racism after the country voted to leave the EU.
CNBC   |   Wed, 29 Jun 2016 12:43:00

Abortion Clinic

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

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

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

Pro Uncut: Mark Mobius on Brexit

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

Brexit contagion poses risk to US, says Goldman Sachs

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

Markets and broken promises in the UK referendum

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

EU politicians boo Brexit leader

British Prime Minister David Cameron will face European Union leaders Tuesday as the bloc meets to discuss the UK's potentially convoluted and messy divorce from the European Union.
CNN   |   Wed, 29 Jun 2016 12:37:11

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

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

Silver Surges To Post-Brexit Highs

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

UK SMEs count the cost of Brexit

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

Britain, Post-Brexit

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

Ireland Ready if Companies Want to Relocate After Brexit

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

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

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

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

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

10 Wednesday AM Reads

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

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

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

Brexit impact

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

Morning Movers: Transocean Jumps on Upgrade; Esperion Tumbles

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

A Surprising Post-Brexit Currency ETF Idea

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

"Have you been missold Brexit?"

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

UK, EU Talk Past Each Other on Brexit Negotiations

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

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

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

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

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

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

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

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

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

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

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

Property market stutters after Brexit vote

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

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

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

Women's Health

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

Jim Rogers on Brexit

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

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

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

Japan's Abe speaks on Brexit concerns

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

Alone Now: From Hope to Brexit Despair

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

What Trump and the Brexiteers have in common

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

Brexit And Bank Regulation. Poor Governance Has A Price.

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

US urges EU to ease austerity after Brexit

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

Brexit: EU leaders meet without UK

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

Brexit: EU correspondents weigh in on UK referendum

More than 1,000 journalists were in Brussels on Tuesday to cover what is likely to be British Prime Minister David Cameron's final EU summit. Efi...
euronews   |   Wed, 29 Jun 2016 11:49:42

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

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

How the US could benefit from Brexit

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

Beyond Brexit: how to build an independent British economy

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

Brexit: Who is affected by the falling pound?

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

Brexit live - Cameron delivers Corbyn jibe as EU leaders meet

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

Brexit Relief Rally Continues Despite Tough Talk

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

Brexit poses risk to US: Goldman Sachs

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

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

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

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

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

Whitehall Brexit unit takes shape

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

Sanders worries Trump is benefiting politically from Brexit

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

Siemens puts export plans on ice after Brexit

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

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

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

Who will replace David Cameron? Winner will spearhead Brexit.

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

Brexit, Istanbul added to agenda as Obama meets with neighbors

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

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

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

Nicola Sturgeon in Brussels bid to keep Scotland in EU

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

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

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

Pre-Brexit, mortgage applications fell

Before the British vote, total U.S. mortgage application volume decreased 2.6 percent last week.
CNBC   |   Wed, 29 Jun 2016 11:00:00

China broker braves post-Brexit IPO market

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

Southeast Asia stocks rally as Brexit impact fades

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

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

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

Wednesday op-eds: US economy, Brexit

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

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

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

Score a 'Brexit discount' on these 13 stocks

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

Appetite for US Treasurys wanes as Brexit fears take backseat

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

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

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

Did Wall Street witness the Brexit bottom?

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

Brexit backers hit by company share losses

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

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

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

Gove's wife says Brexit result 'terrifying'

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

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

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

Editorial: Britain’s Importance to Europe’s Security

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

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

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

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

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

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

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

Brexit: A very slow motion train crash - SocGen

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

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

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

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

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

Brexit Vote Could Curb Asian Buyers' Appetite for U.K. Assets

Britain's vote last week to leave the European Union could slow what has been a record surge in acquisitions of European companies by Asian buyers.
WSJ   |   Wed, 29 Jun 2016 09:54:46

Brexit: What happens now?

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

Oil edges up further for second day as Brexit shock fades

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

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

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

The magical thinking of America's pro-Brexit conservatives

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

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

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

European Union Leaders Meet Without Britain for First Time

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

After Brexit, what choices does the UK have?

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

Brits take to Twitter to #curseBorisJohnson

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

Dixons Carphone profits jump by 17%

Dixons Carphone says it expects to find "opportunities for additional growth" in the wake of Brexit as the company reports a 17% jump in annual profits.
BBC   |   Wed, 29 Jun 2016 09:36:02

Britain, not the European Union, will survive

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

EU leaders meet without UK to plot Brexit response

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

EU leaders meet without Cameron after Brexit vote

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

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

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

Dollar firmer around ¥102.40 as Brexit worries begin to subside

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

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

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

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

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

Brexit's Probable Aftermath For The US & EU Economy

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

Brexit trade deals could disappoint

Promises by the architects of the U.K. Brexit campaign to speedily re-negotiate trade deals appear set to disappoint, analysts said.
CNBC   |   Wed, 29 Jun 2016 09:14:00

Brexit negotiations: Four ways to get a good deal

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

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

CNN   |   Wed, 29 Jun 2016 09:09:50

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

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

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

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

GLOBAL MARKETS-Stocks gain as Brexit nerves settle

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

FTSE Recovery Continues After EU Exit Vote

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

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

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

Did Britain really vote Brexit to cut immigration?

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

Dixons Carphone boss says UK 'must stay in single market'

Dixons Carphone boss Seb James explains how the retailer is responding to the Brexit vote
BBC   |   Wed, 29 Jun 2016 08:46:45

Where are TTIP talks headed after Brexit vote?

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

What is article 50? - video explainer

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

Dixons Carphone profits rise as it dismisses Brexit concerns

Electrical company met City forecasts with pretax profit of £447m for the year to 30 April, up 17% Dixons Carphone has rejected fears that it will be badly affected by any drop in consumer demand after the vote to leave the EU. Britain's biggest electricals and mobile phone retailer said ...
Sean Farrell / Guardian   |   Wed, 29 Jun 2016 08:44:37

Brexit live - Cameron delivers Corbyn jibe as EU leaders meets

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

Who's the xenophobe now?

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

Central Bankers Face Conflicting Pressures From Brexit Vote

European Central Bank PresidentMario Draghi's call for better coordination on policy moves underscores the conundrum he and his associates face in the wake of Britain's vote to leave the EU.
WSJ   |   Wed, 29 Jun 2016 08:41:07

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

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

Brexit - trading the longer-term outlook

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

After the Brexit vote, Britain must introduce compulsory voting

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

Why Brexit will disappoint Brexiters

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

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

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

European bank values trapped by politics: Analyst

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

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

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

Brexit - how will central banks respond?

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

Turnbull points to Brexit in re-election bid

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

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

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

Molson Coors to bring first post-Brexit euro corporate bond

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

JPY: Brexit blocks the exits - Deutsche Bank

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

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

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

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

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

European stocks extend recovery at open

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

UK: Adjustment lower for the pound to continue - MUFG

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

European stocks extend rebound from Brexit-shock, FTSE outperforms

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

Futures, global markets up as Brexit worries ease

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

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

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

Historic moves after UK referendum - Goldman Sachs

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

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

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

EU Leaders Warn U.K. of Exit Costs

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

UK shares continue to recover ground

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

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

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

Europe: The only certainty is uncertainty - ANZ

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

Stocks climb as sterling steadies

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

Shares push higher as Brexit bounceback continues - business live

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

'Brexit' market dive a shock, but not shocking

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

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

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

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

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

Brexit live - EU divorce terms, Tory leader contest

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

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

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

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

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

UK's ERM crisis a template after Brexit

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

Some Links

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

#InOrOut Debate: Spin Room Says Project Fear Rejected

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

Trump and Brexit Explained in One Poster

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

Verizon Strike Will Distort Friday's Jobs Report

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

Turncoat Tolhurst 'Claimed to Be Pro-Leave'

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

VIDEO: Boris Johnson auctions off 'beautiful' cow

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

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

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

Trump draws a blank on 'Brexit' meaning

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

Corbyn blasts 'histrionic' Treasury on Brexit

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

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

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

A British Test of Reason

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

Brexit 'an enormous economic problem'

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