Brexit News Archive: 02 Jul 2016

Dog days could bite market in August

The Brexit bounce back that lifted stocks in July is unlikely to carry into August, and markets will be tested early on.
CNBC   |   Fri, 29 Jul 2016 22:00:00

Carlyle Promotes Sandra Horbach To Co-Lead U.S. Buyout Team

Carlyle Promotes Sandra Horbach To Co-Lead U.S. Buyout Team by Adam Putz, PitchBook This week, Hillary Clinton became the first woman in American history to serve as presidential nominee of a major political party. In the U.K., Brexit resulted in [...]
Value Walk   |   Fri, 29 Jul 2016 21:24:45

Michel Barnier: Fighting Brussels' corner

Brexit negotiator defies the UK view of him as a panto villain, write Alex Barker and Jim Brunsden
FT   |   Fri, 29 Jul 2016 18:47:47

Week Ahead Central Bank Stimulus in Focus

The BoJ disappointed with no QE change and now the market awaits the BoE's monetary policy response to Brexit The U.S. Federal Reserve and the Bank of Japan (BOJ) showed the two sides of central bank action this week. The Fed's Federal Open Market Committee (FOMC) ended with no change ...
OANDA   |   Fri, 29 Jul 2016 18:21:33

Why a second independence referendum is not inevitable in Scotland

In the complexity of post-Brexit Britain, a second independence referendum in Scotland isn't the dead-cert some think. image: Yes Scotland The consensus is that a second independence referendum is now inevitable. The SNP assertion in its 2016 manifesto of the Scottish parliament's right to hold a referendum "if there is ...
Open Democracy   |   Fri, 29 Jul 2016 17:37:37

Is Brexit Really So Bad For European Stocks?

The immediate aftermath of Britain's vote to leave the EU was severe, but the long term effects may be muted, says Edward Dempsey, chief investment officer at Pension Partners. He talks with Forbes contributor Simon Constable.
Simon Constable, Contributor / Forbes   |   Fri, 29 Jul 2016 17:03:00

Is Brexit Bad News for European Stocks?

The immediate aftermath of Britain's vote to leave the EU was severe, but the long term effects may be muted, says Edward Dempsey, chief investment officer at Pension Partners. He talks with Forbes contributor Simon Constable.
Simon Constable, Contributor / Forbes   |   Fri, 29 Jul 2016 16:13:01

WSJ City's Brexit Briefing: Challenging London's Derivatives Crown, No Relief on Regulation, How the Stress Tests Work

Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
Darren Lazarus / MoneyBeat   |   Fri, 29 Jul 2016 16:06:46

JPMorgan changes tune on Dow

JPMorgan upgraded Dow Chemical to outperform, as global demand for the chemical company looked better than expected post-Brexit.
CNBC   |   Fri, 29 Jul 2016 15:59:00

Oil just made a huge move, and nobody noticed

The markets have been preoccupied with a flurry of political headlines over the past few months such as Brexit and the US presidential election. But in the background of all this, there has been a stealth slump in crude oil prices. Both front-month WTI crude and Brent crude prices have ...
Elena Holodny / Money Game   |   Fri, 29 Jul 2016 15:32:00

In Derivatives Trading, London Is King

Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsIn Derivatives Trading, London Is King The Brexit vote has raised questions about London's position as the world's financial-services capital. A close look ...
WSJ   |   Fri, 29 Jul 2016 15:22:11

Bank of England prepares to tackle Brexit hit

By William Schomberg LONDON (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem. After the Bank of Japan (BoJ) on ...
Business Insider   |   Fri, 29 Jul 2016 15:02:50

GLOBAL ECONOMY WEEKAHEAD-Bank of England prepares to tackle Brexit hit

LONDON, July 29 (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much...
Reuters   |   Fri, 29 Jul 2016 15:01:34

INVESTMENT FOCUS-Pound calms before first UK/US rate flip in 10 years

LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within ...
CNBC   |   Fri, 29 Jul 2016 14:56:00

Oil's in a bear market

The markets have been preoccupied with a flurry of political headlines over the past few months such as Brexit and the US presidential election. But in the background of all this, there has been a stealth slump in crude oil prices. Both front-month WTI crude and Brent crude prices have ...
Elena Holodny / Business Insider   |   Fri, 29 Jul 2016 14:32:00

Iran's global banking problems deepen with rise of Trump, Brexit

By Jonathan Saul and Parisa Hafezi LONDON/ANKARA (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralyzed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign ...
Business Insider   |   Fri, 29 Jul 2016 14:28:52

U.S. Consumer Sentiment Falls in July

A gauge of U.S. consumer sentiment dropped in July, as Americans continued to cite concerns over the economic fallout from the United Kingdom's Brexit vote.
WSJ   |   Fri, 29 Jul 2016 14:27:08

Hinkley Point: Another Brexit silver lining

For those looking for some silver lining from the Brexit outcome, there is the good news of the abolition of the Department for Energy and Climate Change and its reabsorption into the Business Department, followed by the announcement of a review of the proposed new nuclear power station at Hinkley ...
robert / John Kay   |   Fri, 29 Jul 2016 14:24:11

Little Sign of Post-Brexit Recovery at IAG

U.K. flag carrier British Airways is probably a less useful bellwether for recovery than budget airlines Ryanair and easyJet.
WSJ   |   Fri, 29 Jul 2016 14:16:35

INSIGHT-Iran's global banking problems deepen with rise of Trump, Brexit

LONDON/ANKARA, July 29 (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already...
Reuters   |   Fri, 29 Jul 2016 14:11:56

Brussels Briefing: IMF's Athens Hangover

By Arthur Beesley in London Europe is transfixed these days by Brexit, terrorism, migrants and the populist advance. But the riddle of Greece remains. A damning new report by the IMF's in-house inspectorate finds fault on several grounds with the fund's approach to the country. This is backwards-looking exercise, which ...
Jim Brunsden / FT Brussels Blog   |   Fri, 29 Jul 2016 14:05:14

UK money trends strong pre-Brexit vote

There is no negative message for UK economic prospects in June monetary data. Narrow money, broad money and bank lending all grew solidly on the month, maintaining recent upbeat trends. The suggestion is that the economy was on course to expand strongly before the Brexit vote shock, offering hope that ...
Simon Ward / Money Moves Markets   |   Fri, 29 Jul 2016 13:53:30

Hedge Funds Turn Bullish On European Stocks

According to Morgan Stanley's July 28 Hedge Fund Positioning Update, hedge funds are getting bullish on equities outside the United States as Brexit fears subside and markets rally. According to the prime brokerage report, which is based on aggregated information [...]
Rupert Hargreaves / Value Walk   |   Fri, 29 Jul 2016 13:50:35

Consumer confidence rose less than expected

Consumer confidence rose less than expected. The University of Michigan's final consumer sentiment index for July came in at 90.0. Economists were expecting the final index to rise slightly to 90.2 in July, according to the Bloomberg consensus. Brexit was mentioned by a record number of households with incomes in ...
Money Game   |   Fri, 29 Jul 2016 13:44:00

Foxtons profits down sharply as London property market cools

Estate agent's pre-tax profit fell to £10.5m in the first six months of year from £18.1m a year earlier, with Brexit uncertainty blamed Profits at Foxtons fell by 42% in the first six months of the year as uncertainty and confusion caused by the EU referendum led to a slump ...
Julia Kollewe / Guardian   |   Fri, 29 Jul 2016 13:43:18

"The majority of Hungarians are apathetic, indifferent, and devoid of hope." An interview with Gaspár M. Tamás

Jaroslav Fiala speaks to Gaspár M. Tamás about the brutality of capitalism, Orbán's Hungary, and the failure of the European system. Gaspar Tamas. PD. Recently, Europe has been experiencing dangerous times: the crisis of the Eurozone, terrorist attacks, the rise of the far right, Brexit, and so on. Is liberal ...
Open Democracy   |   Fri, 29 Jul 2016 13:17:49

Independence Day for the BBC?

In an uncertain 'Brexit Britain', we must ensure that the BBC remains a public broadcaster, as free as possible from state interference. Dominic Lipinski / PA Wire/Press Association Images. All rights reserved. Brexit is actually far worse news for those commercial rivals than it is for the apparently beleaguered Corporation. ...
Open Democracy   |   Fri, 29 Jul 2016 13:14:41

Foxtons warns London property downturn to last all year

Foxtons Group PLC (LON:FOXT) warned that the downturn in London's housing market could last for at least the rest of 2016. Brexit uncertainty had hit London property sales hard, sloughing 42% off the estate agent's half-yearly profits. Pre-tax profit fell to £10.5mln in the first six months, from £18.1mln the ...
Proactive Investors   |   Fri, 29 Jul 2016 12:49:00

Shock in eastern Europe

Some states fear that Brexit may leave much of the ex-communist half of Europe in the cold
FT   |   Fri, 29 Jul 2016 12:21:13

ASEAN and the Brexit shock

Author: Ponciano Intal Jr., ERIA The European Union and ASEAN have very different models of economic integration. Yet ASEAN and its members worry about what Britain's exit from the European Union may mean for the future of ASEAN. Brexit provides a powerful motivation to get the ASEAN Economic Community (AEC) ...
Ponciano Intal / East Asia Forum   |   Fri, 29 Jul 2016 12:00:45

Welsh football, Brexit and the future of British national identity

Wales' performance in the European Cup helped build a cross-racial national identity. But more must be done if everyone from Wales is to feel accepted as Welsh. Image: FA Wales, fair use. The achievements of the Welsh national football team in the Euro 2016 tournament in France this summer have ...
Geraint Rhys / Open Democracy   |   Fri, 29 Jul 2016 12:00:00

A bright future awaits Britain post-Brexit in the Commonwealth markets

Lord Howell / Telegraph   |   Fri, 29 Jul 2016 11:28:21

Euro zone economic growth slows in quarter before Brexit

By Francesco Guarascio BRUSSELS (Reuters) - Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. Gross domestic product (GDP) in ...
Business Insider   |   Fri, 29 Jul 2016 11:27:02

UPDATE 1-Euro zone economic growth slows in quarter before Brexit

* Economists see possible further slowdown of euro zone growth
Reuters   |   Fri, 29 Jul 2016 11:19:34

Global funds cut share holdings to five-year lows as Brexit bites

By Claire Milhench LONDON (Reuters) - Global investors dumped equities in July and raised bond allocations after Britain's vote to leave the European Union and subsequent signs of damage to economic growth prompted a dash toward fixed income. The Reuters monthly poll of 44 fund managers and chief investment officers ...
Business Insider   |   Fri, 29 Jul 2016 11:06:00

World Policy On Air, Ep. 78: The West's Democratic Distemper

Lede: Much of the Western world is experiencing a right-wing resurgence, from Donald Trump's popularity in the U.S. to Brexit in the U.K. and angry Euroscepticism across the continent. On today's episode of World Policy On Air, Michael Genovese of Loyola Marymount University explores social divisions and the roots of ...
World Policy   |   Fri, 29 Jul 2016 10:50:11

Brexit Hits Consumer Confidence In UK - But How Long Will It Last?

As with when we looked at the Markit PMI numbers last week Brexit seems to be hitting economic confidence quite badly. And yes, we do have to take economic confidence seriously for as Keynes pointed out the future of the economy does indeed depend, in part, on those "animal spirits". ...
Tim Worstall, Contributor / Forbes   |   Fri, 29 Jul 2016 09:52:00

British Airways owner IAG lowers profits forecast on Brexit and terror

IAG has scaled back expansion plans for the next six months British Airways owner IAG has reported disappointing profits and lowered its full-year forecast, blaming terror attacks, the Brexit vote and strikes for a downturn in travel. International Airlines Group, which also owns Iberia, Vueling and Aer Lingus, had forecast ...
Julia Kollewe / Guardian   |   Fri, 29 Jul 2016 09:12:02

Brexit: London needs special role, says Mayor

London needs to have a special role in negotiations over the U.K.'s exit from the European Union, Sadiq Khan, Mayor of London, told CNBC Friday.
CNBC   |   Fri, 29 Jul 2016 09:03:00

Ireland plans for 'soft border' with U.K. after Brexit

Ireland is planning a system of electronic border surveillance that it hopes will prevent it having to erect physical barriers with Northern Ireland when Britain leaves the European Union, its customs service said on Thursday. The unexpected result of the June 23 referendum in which U.K. citizens voted to leave ...
Japan Times   |   Fri, 29 Jul 2016 08:50:37

Foxtons estate agency profits tumble amid Brexit vote

High-profile London estate agency Foxtons has announced a 42% fall in profits, blaming uncertainty around the EU referendum for the fall.
BBC   |   Fri, 29 Jul 2016 08:28:38

Europe's banks facing testing times: Barclays CEO

Barclays CEO, Jes Staley, says European Banks need to get in a better position of profitability, when discussing the future of the sector post-Brexit.
CNBC   |   Fri, 29 Jul 2016 08:20:00

Post-Brexit, London's Financial Center Has English Law on Its Side

ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ   |   Fri, 29 Jul 2016 03:16:25

What to watch for at the ECB meeting

Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT   |   Thu, 21 Jul 2016 04:32:10

IMF cuts UK growth forecasts following Brexit vote

Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian   |   Tue, 19 Jul 2016 23:10:15

Op-Ed Columnist: In Paris With Boris, Donald and Lemon Tarts

Going it alone, with Brexit and Oscar Wilde as my muses.
MAUREEN DOWD / NY Times   |   Sat, 2 Jul 2016 18:30:01

The list of surprises goes on

Brexit winsIceland winsWales winsNovak losesThe GOP convention this month could be more interesting than most editions.
IKN   |   Sat, 2 Jul 2016 16:09:00

Give An Algo A Chance

Few human traders expected the Brexit rebound. Four short-term mean reversion algos profited between 1.6% and 3.9% from the rally. When the signal-to-noise ratio in the financial media is very low, give an algo a chance. The S&P 500 fell ... Continue reading → Give An Algo A Chance was ...
Price Action Lab   |   Sat, 2 Jul 2016 16:04:19

How the failure of two political parties helped lead to Brexit and the rise of Donald Trump

The UK's recent vote to leave the European Union has been seen by many commentators as mirroring the rise in popularity of Donald Trump on the other side of the Atlantic. Chris Barker writes that the popularity of Trump and Brexit can be traced at least in part to a ...
USAPP   |   Sat, 2 Jul 2016 15:44:20

Current Links

**Most-Recent Must-Reads:** * **Laurence Silberman**: [West Virginia Sues Federal Government for Trusting West * **Brainwrap**: [West Virginia Sues Federal Government for Trusting West * **James Pethokoukis**: [The Magical Thinking of America's Pro-Brexit **Most-Recent Links:** * **Raghuram G. Rajan** (2005): [Has Financial Development Made the World *...
Grasping Reality   |   Sat, 2 Jul 2016 14:53:29

Currency depreciation doesn't offset tariffs

One of my few remaining thoughtful commenters (ChrisA) left the following comment: On the UK exports being affected by tariff's after Brexit - couldn't that be taken care of by a fall in the pound vs the Euro? I don't actually think a tariff war between the UK and the ...
Money Illusion   |   Sat, 2 Jul 2016 14:48:18

7 Analyst Stock Picks Under $10 With Massive Upside Calls

The week of July 1 was a wild and zany week. After post-Brexit selling, investors decided to step back in buy stocks on the cheap. Many sectors rose if they were defensive or if they were... AGI AUO AUY NOK Administrator
24/7 Wall St.   |   Sat, 2 Jul 2016 14:01:46

The Universal Basic Share

Universal basic income, or UBI for those acronymically minded, is in the news these days, along with other brilliant post-modern inventions such as Brexit or Trump. Unlike these other luminaries, though, UBI is a genuinely cool idea: give everyone a basic amount to spend, and let them do what they ...
Debraj Ray   |   Sat, 2 Jul 2016 13:54:00

Scoring a retirement touchdown

It's scary for investors of all ages when the market swoons. Here's how to stay the course.
CNBC   |   Sat, 2 Jul 2016 13:00:00

College Educated Get All Post-Recession Jobs -- Even Low-Pay Ones

People with college educations have snapped up 99% of post-recession job growth. What happens to everyone else can be seen in votes for Brexit and Trump.
Erik Sherman, Contributor / Forbes   |   Sat, 2 Jul 2016 11:59:00

Muscat in league with Farage - Busuttil

Joseph Muscat's use of the word eurorealist puts him in the same league as British eurosceptic Nigel Farage, according to the Opposition leader. Simon Busuttil took the Prime Minister to task over his reaction to the Brexit vote in the UK, describing it as confusing. "While he says exiting the ...
Kurt Sansone / Times of Malta   |   Sat, 2 Jul 2016 10:50:00

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 ...
USAPP   |   Sat, 2 Jul 2016 10:00:25

Links for 07-02-16

Why Are Voters Ignoring Experts? - Jean Pisani-Ferry Brexit Post-Mortem - Macro and Other Market Musings Economists, Brexit and the Media: Epilogue - mainly macro The economic risks of an outbreak of Brexit-style votes - Kenneth Rogoff How a Quest...
Economist's View   |   Sat, 2 Jul 2016 07:06:00

Answer This!

By Chris at I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I think are some of the most important ones. A lot of questions were related to ...
Zero Hedge   |   Sat, 2 Jul 2016 06:15:05

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead

Here Is The City   |   Sat, 2 Jul 2016 05:32:31

Small-Cap Pro Favors Ted Baker, Fevertree Drinks

U.K. Small-Cap Pro Favors Ted Baker, Fevertree Drinks Harry Nimmo, manager of Standard Life Investments' UK Smaller Companies fund, expects global small-caps to weather the Brexit storm. Small-Cap Pro Favors Ted Baker, Fevertree DrinksBy Bill Alpert Standard Life Investments' Harry Nimmo expects small-caps to weather the Brexit storm.
Barrons   |   Sat, 2 Jul 2016 05:27:13

Ryanair, GlaxoSmithKline, SAP Look Like Bargains

Plenty of European stocks were unfairly marked down in the post-Brexit selloff. Time to start shopping.
Barrons   |   Sat, 2 Jul 2016 05:09:25

Bessemer's Case For U.S. Equities

Bessemer's Case For U.S. Equities CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.Bessemer's Case For U.S. EquitiesBy Sonia Talati CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.
Barrons   |   Sat, 2 Jul 2016 04:29:30

Diageo and Royal Dutch Shell Look Cheap

Post-Brexit, Diageo and Royal Dutch Shell Look Cheap Stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager. Diageo and Royal Dutch Shell Look CheapBy Digby Larner Post-Brexit, stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager.
Barrons   |   Sat, 2 Jul 2016 04:29:05

U.S. Shoppers Soldier On

U.S. Shoppers Soldier On Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets seem to have settled into sogginess.U.S. Shoppers Soldier OnEdited by Paul Farrell Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets ...
Barrons   |   Sat, 2 Jul 2016 04:27:30

Observations: The QandO Podcast for 1 Jul 16

Snobs think they should dictate your opinions, Bill Clinton is Hillary's best frenemy, Brexit doesn't become a financial disaster, Germany makes some waves, European languages are dumb. This week's podcast is up on the Podcast page.
Questions and Observations   |   Sat, 2 Jul 2016 04:12:16

Tory leadership: Iain Duncan Smith backs Andrea Leadsom

Former Conservative leader Iain Duncan Smith backs Andrea Leadsom to be the UK's next PM, as she argues that the job must go to a Brexit supporter.
BBC   |   Sat, 2 Jul 2016 02:13:17

Markets rise as central banks look at further easing

Markets rose on Friday to continue their post-Brexit rebound. The S&P 500 rose 0.2 percent, the STOXX Europe 600 rose 0.7 percent, the FTSE 100 jumped 1.1 percent and the Shanghai Composite Index crept up 0.1 percent. Commodities rose, with silver surging as much as 6.3 percent and West Texas ...
Skeptical Speculator   |   Sat, 2 Jul 2016 01:46:00

Loeb's Third Point Up 1% in June; AQR, Horseman, Renaissance Gain On Turmoil

While the alternative investment industry holds its collective breath regarding the full impact of last week's Brexit-related volatility on June hedge fund returns, managers that came through it profitably continue to come forward. read more
FINalternatives   |   Sat, 2 Jul 2016 01:33:51

Brexit: The immigrants who voted Leave

Many would assume that those who had migrated to the UK would support others being able to do so. It's not as simple as that.
BBC   |   Fri, 1 Jul 2016 23:49:58

Brit vote may eat into entrepreneurs' bottom lines

Brexit looks like a harbinger of even greater global economic retrenchment.
USA Today   |   Fri, 1 Jul 2016 23:18:50

Cramer: Miss the bottom? How to play it

Jim Cramer shared a Fourth of July stock insight that could prove profitable.
CNBC   |   Fri, 1 Jul 2016 22:58:00

We Are Where We Were

It's been an amazing week, and in effect the first five days after the Brexit vote were all trend days, with ES now kicking around much the same area this afternoon as it was on the afternoon before the vote. What does this all mean? Not much I suspect. The ...
Tim Knight   |   Fri, 1 Jul 2016 22:38:54

"6-Day Winning Streak Leaves Mortgage Rates Near All-Time Lows"

From Matthew Graham at Mortgage News Daily: 6-Day Winning Streak Leaves Rates Near All-Time LowsMortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week's Brexit news and bringing rates right to the brink of all-time lows.... bringing some lenders from 3.625% to ...
Calculated Risk   |   Fri, 1 Jul 2016 22:09:00

U.K. Elite Lose Shot at Prime Minister Job

Among the early casualties on the Brexit political playing field lie the alumni of Britain's elite schools.
WSJ   |   Fri, 1 Jul 2016 21:39:07

Encouraging signs

The news is certainly mixed these days. Britain's Brexit vote stirs fears of a global slowdown in trade, which would surely be bad for the economic outlook. But that's still something out on the horizon. In the meantime, more recent data point to a pickup in growth that began a ...
Calafia Beach Pundit   |   Fri, 1 Jul 2016 21:21:00

German connection

The UK's Brexit vote is testing the cultural bonds between Britain and Berlin, but film studio boss Charlie Woebcken says "these links aren't going away".
BBC   |   Fri, 1 Jul 2016 21:00:28

Asset Class Scoreboard: Real Estate, Commodities, Bonds Lead

Asset Class Scoreboard For the second time in 2016, Managed Futures posted a monthly performance above 4%, thanks to the Brexit volatility that shocked the market last week. Additionally, the SG CTA Index, posted its second best single day performance [...]
Value Walk   |   Fri, 1 Jul 2016 20:35:40

Don't let's be beastly to the Brits, says Bundesbank

Brexit vote reflects a broader Euroscepticism, says Weidmann
FT   |   Fri, 1 Jul 2016 20:19:49

Treasury ETFs Climb as Yields Hit Record Lows

Treasury bond exchange traded funds maintained their momentum, with benchmark yields on 10-year notes dipping to a new record low on Friday, as investors feared Brexit would weigh on global growth and cause the Federal Reserve to push off interest rate hikes. On Friday, the iShares 7-10 Year Treasury Bond ...
ETF Trends   |   Fri, 1 Jul 2016 20:17:13

"Why Are Voters Ignoring Experts?"

That is the question Jean Pisani-Ferry asks at Project Syndicate. In the wake of the Brexit vote there is a veritable chorus of experts and economists asking the same question. One explanation I don't expect to see very often is that the supposed experts systematically ignore their own critical literature. ...
Angry Bear   |   Fri, 1 Jul 2016 20:02:41

Banks on edge over UK passporting

Banks are scrambling to establish how post-Brexit changes in the UK's rights for financial services will impact on their businesses, putting thousands of jobs in London in the balance.
IFR   |   Fri, 1 Jul 2016 20:00:00

Burn Through Those Last Few Minutes Before The Holiday Weekend With The Consumerist Quiz

Look, we know you probably don't want to be here. Everyone else in the office is already gone, but you're stuck holding down the fort, pretending to be reading emails when you're really just seeing how many pages of "Brexit" Google results you need to go through before finding some ...
Consumerist   |   Fri, 1 Jul 2016 19:45:46

Short-Termism Gets Brexecuted

The S&P 500 as fast approaching all-time highs again after the brief Brexit scare. I guess that was the fastest panic and recovery during the current bull market. Of course, this has been a repeat theme over the last 7 years. Investors were so badly scarred after the 2008 crisis ...
Pragmatic Capitalism   |   Fri, 1 Jul 2016 19:42:24

Austria Will Hold Second Presidential Election After Voting Irregularities Are Uncovered

Alexander Van der Bellen and Norbert Hofer. (screenshots via France24 ) The United States is not alone in dealing with allegations of a "rigged" democratic system. It is also not alone, as the chaos of Brexit has taught us, in dealing with a growing anti-immigrant sentiment represented by presidential candidates. ...
truthdig   |   Fri, 1 Jul 2016 19:23:25

Price Discovery - R.I.P.!

Submitted by David Stockman via Contra Corner blog, That was quick. With practically of the Brexit loss recovered in four days and the market now up for the quarter and the year, what's not to like? After all, the central banks are purportedly at the ready, and, in the case ...
Zero Hedge   |   Fri, 1 Jul 2016 19:10:00

Steven Spielberg's "The BFG" Is a Forced March of Fun

Children's worst new lesson in the British political process comes not from the Brexit fiasco but from Steven Spielberg's live-action adaptation of Roald Dahl's "The BFG." When the titular Big Friendly Giant (Mark Rylance) and the little girl, Sophie (Ruby Barnhill), who lives in his lair need the help of ...
New Yorker   |   Fri, 1 Jul 2016 18:56:48

Layoffs Watch '16: Pershing Square Cuts Employees, But Not Because Of Performance Or Anything

Don't put this on Herbalife. Or Valeant. Or Brexit.
Dealbreaker   |   Fri, 1 Jul 2016 18:40:28

Bitcoin either goes to zero or it goes supernova

Bitcoin either goes to zero or it goes supernova I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I [...]
Value Walk   |   Fri, 1 Jul 2016 18:22:56

Post-Brexit EU May Be Stranded By Its Own Data Rules

The EU nations may become "less happier lands" post-Brexit if their privacy regulations turn them into a data island.
Daniel Fisher, Forbes Staff / Forbes   |   Fri, 1 Jul 2016 18:11:00

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead

It has taken just a week since the shock EU referendum vote for the best FTSE 100 performance in years. What's going on? Find out here ... After an initial slump in the first two trading days following the Brexit vote, the index of Britain's top 100 companies regained all ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 18:10:07

Young people on Brexit's voter turnout

Millennial FT readers explore the referendum's generational divide
FT   |   Fri, 1 Jul 2016 18:08:09

The UK Independence Party was central to the Brexit vote

One way to understand the Brexit result, in which the United Kingdom voted to leave the European Union, is to study which areas of the UK supported "Leave" and which supported "Remain." YouGov, for example, provided this analysis and map before last week's voting showing how support varied across the ...
David C. Parker / Vox   |   Fri, 1 Jul 2016 18:00:02

Investors see even lower bond yields from Brexit fallout

NEW YORK, July 1 (Reuters) - Britain's vote to leave the European Union last week triggered a worldwide stampede into U.S., German, Japanese and even British government debt, sending their yields to...
Reuters   |   Fri, 1 Jul 2016 17:57:40

Bargain Hunters Prop Up Art Market In Brexit Week

As sterling fell this week, international art buyers snapped up bargains in London.
Kathryn Tully, Contributor / Forbes   |   Fri, 1 Jul 2016 17:49:00

Letter: London After

The City of London Corporation writes that “there is no reason London will not still maintain its position as a world leader.”
/ NY Times   |   Fri, 1 Jul 2016 17:47:46

Brexit - 'We want to be Big Scotland'

It is torn between wanting to stay in the EU, but knowing independence will not guarantee its place
FT   |   Fri, 1 Jul 2016 17:41:37

High-Yield Selloff Could Get Worse

High-Yield Selloff Could Get Worse "If the 8% decline in the trade-weighted British pound fails to kick up much dust in U.S. credit markets, it would be a historical outlier," that's according to credit analysts at Deutsche Bank, which published [...] The post High-Yield Selloff Could Get Worse appeared first ...
Value Walk   |   Fri, 1 Jul 2016 17:40:21

Brexit? What Brexit?

After a two-day global freakout, financial risk markets have staged a relentless four-day rally. The SPDR S&P 500 ETF (SPY) fell 1.8% on Monday but is still poised to finish the week with a gain of 3.3%. Wow. And then there's the CBOE Volatility Index (VIX): the market's "fear gauge" ...
Chris Dieterich / Focus on Funds   |   Fri, 1 Jul 2016 17:38:11

Stocks have come roaring back since Brexit. So everything's fixed, right? (DIA, SPX, SPY, QQQ, TLT, IWM)

According to the market's latest response to the Brexit vote, everything is fine. After a sharp drop in the immediate aftermath of the UK's vote to leave the EU, stocks have rallied the past few days with some equity benchmarks trading right where they were before the referendum. Oleg Melentyev ...
Matt Turner / Business Insider   |   Fri, 1 Jul 2016 17:35:10

FTSE 100 defies Brexit turmoil and hits 10-month high

This week's rebound was a sharp contrast to just a week earlier when investors had woken up to the news Britain had voted to leave the EU The prospect of interest rate cuts and a flurry of bargain-hunting by stock market investors has helped the FTSE 100 shrug off the ...
Katie Allen / Guardian   |   Fri, 1 Jul 2016 17:34:31

A week after Brexit, it's buy, buy, buy

Just a week after Britain shook up the world by voting to leave the EU, market behavior has done a 180-degree turn.
CNBC   |   Fri, 1 Jul 2016 17:23:00

What Brookings experts are saying about Brexit

UPDATED, 6/30/16 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   |   Fri, 1 Jul 2016 17:19:00

Bundesbank president says UK should get a fair Brexit deal

'Neither side has an interest in putting up trade barriers,' says Jens Weidmann, who also sits on the ECB's governing council The European Union should give Britain a quick and fair exit deal to minimise the economic cost and not hinder the process for the sake of setting a political ...
Reuters / Guardian   |   Fri, 1 Jul 2016 17:16:08

London bankers face Brexit choice: lobby or leave

By Sinead Cruise and Lawrence White LONDON (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave. Some investment banks, anxious not to stir speculation of an exodus ...
Business Insider   |   Fri, 1 Jul 2016 17:04:58

Germany aims for post-Brexit continuity with balanced-budget plans

BERLIN, July 1 (Reuters) - Germany wants to send a message of "reliability and continuity" by sticking to plans for a balanced budget over the next four years, despite the shock of Britain's vote...
Reuters   |   Fri, 1 Jul 2016 17:00:02

The economic risks of Brexit contagion

Poll may trigger a cycle of low growth and populist policies in the west, writes Kenneth Rogoff
FT   |   Fri, 1 Jul 2016 16:55:39

Nowhere To Hide In Europe - Equity Correlations Are Historically High

Submitted by Eric Bush via 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 index and the MSCI World Index is at the highest level since 2011. The correlation between EM and DM stocks is ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 16:55:00

London bankers face Brexit choice: lobby or leave

LONDON, July 1 (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby...
Reuters   |   Fri, 1 Jul 2016 16:51:04

Taking Refuge in Dollar Could Expose World Economy to New Perils

After the Brexit vote, the American currency is soaring — threatening a fragile recovery in the United States and risking trouble for emerging markets.
PETER S. GOODMAN / NY Times   |   Fri, 1 Jul 2016 16:46:33

6 Brexit Lessons for Your Retirement Nest Egg

eggs_flickr_united soybean board.jpg Flickr/United Soybean Board By Suman Bhattacharyya,The Fiscal TimesJuly 1, 2016 When a majority of Britons voted to leave the EU last week, it set off a wild ride of global stock markets. Investors worldwide lost $3 trillion over two days before recovering $2 trillion over the following ...
jherr / Fiscal Times   |   Fri, 1 Jul 2016 16:43:33

Interview with Geert Wilders: 'The Netherlands Would Profit from Leaving the EU'

Could Brexit lead other countries to seek to leave the European Union? SPIEGEL spoke with far-right Dutch populist Geert Wilders about how he wants to use a "Nexit" to prevent the of the Netherlands.
Spiegel   |   Fri, 1 Jul 2016 16:42:59

Brexit Aftershocks: An Inside Look at the EU's Raging Power Struggle

In response to Brexit, European Commission President Juncker wants deeper EU integration. German Chancellor Merkel does not. SPIEGEL takes you inside the vast EU power struggle triggered by the UK referendum. By SPIEGEL Staff
Spiegel   |   Fri, 1 Jul 2016 16:42:16

The Worst of the Brexit Fallout Is Still to Hit the U.K.

As unemployment ticks up and house prices fall ordinary citizens will feel the real impact of the market shock
Conal Urquhart/London / Time   |   Fri, 1 Jul 2016 16:38:44

Brexit: Straws in the Wind

Over the past decade, the UK economy has presented a puzzling picture. On the one hand, RGDP growth has been ... View the full post at: Brexit: Straws in the Wind
Scott Sumner / Wall Street Pit   |   Fri, 1 Jul 2016 16:36:54

UK shelves balanced budget goal as Brexit vote roils economy

LONDON (AP) - Britain's Treasury chief on Friday abandoned the government's long-held goal of balancing the nation's books by 2020, warning that the country's vote to leave the European Union had sent shock waves and instability through the U.K. economy.
Associated Press   |   Fri, 1 Jul 2016 16:36:30

Pro Uncut: Fed's Stanley Fischer

Fed's Stanley Fischer discussed his views on Brexit and the state of the economy in an interview on CNBC Friday.
CNBC   |   Fri, 1 Jul 2016 16:31:00

Donald Trump, Brexit Are Blowback From Years of Anti-Government Rhetoric

Donald Trump and Brexit are the product of years of anti-government rhetoric.
David Brodwin / U.S. News   |   Fri, 1 Jul 2016 16:30:00

Hate crimes up fivefold

Police in Britain have recorded a dramatic rise in racist attacks in the wake of Brexit, with five times the usual number of incidents reported in the week since the country voted in a referendum to leave the European Union.
CNN   |   Fri, 1 Jul 2016 16:26:14

Brexit crisis that wasn't

The public might assume, after hearing dire warnings, that the British stock market had collapsed. In fact, the opposite has happened.
CNBC   |   Fri, 1 Jul 2016 16:26:00

Brexit touches a nerve in France

Far right leader buoyed by referendum result that legitimises core policy
FT   |   Fri, 1 Jul 2016 16:24:38

U.K. Gilt Market Shows Scrapping the Budget Rule Is a Good Idea

Brexit has opened the door to a bit of British stimulus. Since the U.K.'s vote to leave the European Union last Thursday, yields on 10-year U.K. government bonds have tumbled to 0.883% from 1.363%. Yields move opposite to prices, so a fall means there was greater demand to buy the ...
MoneyBeat   |   Fri, 1 Jul 2016 16:23:41

How to Live Better as More of Us Live Longer

iStockphoto By Michael Hodin,The Fiscal TimesJuly 1, 2016 So we're all caught up on the effects of Brexit and the presidential campaign that's in full swing. But aside from the political crisis of the moment, we do seem finally to be recognizing, in the second decade of the 21st century, ...
jherr / Fiscal Times   |   Fri, 1 Jul 2016 16:06:11

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   |   Fri, 1 Jul 2016 16:01:53

Independence and Insanity

So I wrote a long and winding version of my reflections on Brexit for Law and Liberty. It features both spunk and gratuitous nudity.It's only natural, especially this time of year, that many commentators have compared Brexit with the American Declaration of Independence, both the classic statement and the revolutionary ...
National Review   |   Fri, 1 Jul 2016 16:00:00

A Yield of Dreams in U.S. Corporate Bonds

With bond yields around the world falling further in the wake of Brexit, U.S. corporate bonds are the only game left in town.
WSJ   |   Fri, 1 Jul 2016 15:57:03

Brexit consequences: Modest recession in the UK - Wells Fargo

According to analysts from Wells Fargo, uncertainty related to the Brexit referendum is likely to lead to a modest recession in the UK. Regarding the...
Matías Salord / FX Street   |   Fri, 1 Jul 2016 15:55:17

Could Brexit Save The BBC News TV Channel?

Will he close his very successful 24-hour TV news channel, or not? BBC director-general Tony Hall's executive board has to make thedecision later this month (Photographer: Jason Alden/Bloomberg) In the midst of financialand political meltdown here in the UK, Brexit might lead to at least one desirableresult - the rescue ...
Neil Midgley, Contributor / Forbes   |   Fri, 1 Jul 2016 15:53:00

WSJ City's Brexit Briefing: Gove Slams City Pay, Truell Says Look East, LSE Prepares for Vote

Good afternoon from London. Here's essential reading for the City on today's Brexit developments MUST READS FROM WSJ CITY Michael Gove, who's set his sights on Tory leadership, slammed the City. In a speech Friday he hit out at high salaries and talent, claiming that too many in financial services ...
Phillipa Leighton-Jones / MoneyBeat   |   Fri, 1 Jul 2016 15:52:31

A week after Brexit, 5 things you need to know

Brexit shattered the post-war consensus in Europe. Markets were stunned. Calm has returned but for how much longer?
CNN   |   Fri, 1 Jul 2016 15:49:04

Kolanovic Sees Risk Ahead, Brexit Crash Similar To August 2015

JPMorgan's quant master Marco Kolanovic looks at the stock Brexit crash and rebound and sees similarities with the August 2015 version. In a June 30 report emailed to clients and reviewed by ValueWalk, he says the Brexit vote was "largely a [...] The post Kolanovic Sees Risk Ahead, Brexit Crash ...
Mark Melin / Value Walk   |   Fri, 1 Jul 2016 15:47:58

Post Brexit, will a right wing goverment wash its hands of the NHS?

The vote for Brexit has not changed the challenges facing the NHS a bit - but it has probably made it much harder to meet them. The vote for Brexit - and the economic and political instability it has ushered in - is a recipe for huge risk and uncertainty ...
Kailash Chand / Open Democracy   |   Fri, 1 Jul 2016 15:43:58

Brexit and the Crisis of Capitalism

If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. Thousands of commentaries have been issued about Brexit in the past week. I've written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union's bureaucratic ...
Of Two Minds   |   Fri, 1 Jul 2016 15:40:00

How the Top US Money Center Banks Are Responding to the Brexit

Watching the massive fallout and then recovery within broad markets, we are beginning to realize that the Brexit provided a very attractive entry point into a fair number of industries. Granted, the... BAC C JPM WFC 247chrislange bank building
247chrislange / 24/7 Wall St.   |   Fri, 1 Jul 2016 15:39:09

Bond yields fall to record lows

UK 10-year gilt extends post-Brexit drop below 0.8 per cent from 1.35 per cent
FT   |   Fri, 1 Jul 2016 15:39:06

4 Brexit Bargains With Big Dividends

Right now, the market only cares about one thing: Brexit. The market is volatile-which means now is a time to buy, buy and buy more as fears drive stocks too cheap. But the simple fact is no one knows exactly how Brexit will impact the world's various economies. For sure, ...
Brett Owens, Contributor / Forbes   |   Fri, 1 Jul 2016 15:37:00

Businesses will have to live with Brexit uncertainty

Andrew Sentance / Telegraph   |   Fri, 1 Jul 2016 15:35:11

Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues

Despite - or perhaps due to - Italy's failed attempt to slide a state-funded €40 billion recapitalization attempt past Angela Merkel while blaming it on Brexit, and coupled with a bailout proposal to provide €150 billion in liquidity to insolvent banks, overnight we got yet another confirmation that the biggest ...
Zero Hedge   |   Fri, 1 Jul 2016 15:34:28

Holiday guide to Brexit: 5 things you need to know

Brexit shattered the post-war consensus in Europe. Markets were stunned. Calm has returned but for how much longer?
CNN   |   Fri, 1 Jul 2016 15:32:54

Fed's Stanley Fischer Says Brexit Implications Still Being Evaluated

Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data.
WSJ   |   Fri, 1 Jul 2016 15:32:43

Britain's International Banks Have the Last Laugh After the Brexit Vote

HSBC and Standard Chartered share prices are higher than they were before the U.K's referendum on EU membership.
Mike Bird / MoneyBeat   |   Fri, 1 Jul 2016 15:26:06

Racist graffiti scrawled outside Spanish school in London

British police report sharp spike in such incidents after Brexit vote
Ana Carbajosa / EL PAÍS   |   Fri, 1 Jul 2016 15:24:10

Renzi on Brexit: Europe can go back to being itself

Telegraph Video / Telegraph   |   Fri, 1 Jul 2016 15:23:09

What happens now the UK has voted Brexit - and what is Article 50?

Matthew Holehouse / Telegraph   |   Fri, 1 Jul 2016 15:21:17

Off The Cuff: The Prosperity Pie Is Shrinking

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss: The Battle Behind Brexit An underlying story of the masses vs the elites The Prosperity Pie Is Shrinking The macro issue of our time Election Rigging A near-certainty at this point Gold & Silver Streak Finally! Some upward ...
Chris Martenson   |   Fri, 1 Jul 2016 15:16:11

Labour sets out 5 'red lines' on Brexit

Shadow chancellor says deal must protect City and keep EIB membership
FT   |   Fri, 1 Jul 2016 15:14:17

Tory leadership contest: Betting odds and poll predictions on who is favourite to become Prime Minister

Ashley Kirk / Telegraph   |   Fri, 1 Jul 2016 15:07:00

Gold price jumps 26% in first half

Gold enjoyed another day of gains on Friday, capping off an excellent week for the precious metal following last week's Brexit decision. The metal - as expected - reacted positively to the uncertainty caused by the UK's decision to leave the European Union. In times of market volatility, gold is ...
Proactive Investors   |   Fri, 1 Jul 2016 15:06:00

This Week in Pictures: June 25-July 1

Deadly explosions struck Istanbul. New York City celebrated gay pride. And Brexit fallout continued to roil the UK.
Rachelle Klapheke / MSNBC   |   Fri, 1 Jul 2016 15:05:30

[Ilya Somin] Does the Brexit vote prove we shouldn't use referenda to make important decisions?

Some critics of Britain's vote for Brexit argue that it proves that democracies should not use referenda to make important decisions. Elected officials may be better positioned to make such complex choices than generally ignorant voters. Examples of this sort of reaction to Brexit include recent articles by Jason Brennan ...
Ilya Somin / Volokh Conspiracy   |   Fri, 1 Jul 2016 15:05:20

Westminster must choose between leaving the EU and retaining the UK

History shows that attempts by Westminster to force Brexit on Scotland and Northern Ireland could spell the end of the Union. Scottish Parliament debating chamber Can Parliament lead Britain out of the Brexit mess? At the first Prime Minister's Questions after the referendum, PM David Cameron told parliament that 'keeping ...
Jo Murkens / Open Democracy   |   Fri, 1 Jul 2016 15:05:04

Brexit: Over 1 million extra young voters if we reform voting system

Daniel Dunford / Telegraph   |   Fri, 1 Jul 2016 15:04:55

Brexit poses risks to U.S. but Fed still on track -Mester

LONDON, July 1- Britain's vote last week to leave the European Union poses a risk to the U.S. economy but it is too early to know the extent of that effect and the Federal Reserve should not let a lack of clarity distract it from is plan to eventually raise ...
CNBC   |   Fri, 1 Jul 2016 15:03:00

Fed's Mester sees danger in not hiking

The Cleveland Fed president believes the central bank was right to delay raising rates before the Brexit vote.
CNBC   |   Fri, 1 Jul 2016 15:00:00

EasyJet in talks with regulators to continue flying in EU

Budget carrier in talks to obtain air operator certificates, which will maintain access to EU aviation market EasyJet has applied to a number of European countries for authorisation to fly throughout Europe following the UK's vote for Brexit but the airline said it had no plans to move its headquarters ...
Sean Farrell / Guardian   |   Fri, 1 Jul 2016 14:57:51

UK chiefs snap up shares after Brexit vote

Company directors buy £14.3m of own stock following dive in equities
FT   |   Fri, 1 Jul 2016 14:56:11

The 4 Biggest Utilities Winning After Brexit

As the broad markets are recovering, we are starting to realize that the Brexit was a great opportunity to buy into the markets. The Brexit pulled markets back across the board. However, after a few... AEP DUK EIX SO 247chrislange high voltage post
247chrislange / 24/7 Wall St.   |   Fri, 1 Jul 2016 14:51:12

Steel, Aluminum Picks Post-Brexit

AK Steel, U.S. Steel, Steel Dynamics, Constellium and Alcoa offer upside and value.
Barrons   |   Fri, 1 Jul 2016 14:50:51

Post Brexit: Companies Ask "Should I Stay or Should I Go?"

A post-Brexit survey by the Institute of Directors, the United Kingdom's longest running organization for business leaders, found 22% of the respondents are considering moving some of their operations outside of the UK. Of those considering an operations shift, most anticipate a move to another EU country. "Should I stay ...
Andrew Levine, Contributor / Forbes   |   Fri, 1 Jul 2016 14:50:00

A Post-Brexit Opportunity With Small Cap ETFs

Small-cap stocks and the corresponding exchange traded funds are often viewed as volatile instruments, but some argue there could be opportunity with ETFs such as the iShares Core S&P Small-Cap ETF (NYSEArca: IJR), which follows the S&P SmallCap 600 Index, as markets move past the initial Brexit shock. While investors ...
Tom Lydon / ETF Trends   |   Fri, 1 Jul 2016 14:46:07

Dow 18000, That Is All

11 more Dow points and Brexit is a thing of the past... And then there's this...
Zero Hedge   |   Fri, 1 Jul 2016 14:44:08

TREASURIES-U.S. bond prices jump after strong June

Last week's stunning referendum vote by Britain to leave the European Union, or "Brexit," sparked a safe-haven stampede into Treasuries, which posted a 2.325 percent total return in June, according to an index compiled by Bank of America Merrill Lynch. "Brexit will have a significant impact on growth and rates ...
CNBC   |   Fri, 1 Jul 2016 14:44:00

How businesses have reacted to Brexit... so far

Kate Palmer / Telegraph   |   Fri, 1 Jul 2016 14:43:36

Current Links

**Most-Recent Must-Reads:** * **James Pethokoukis**: [The Magical Thinking of America's Pro-Brexit * **Brad Setser**: [Follow the * **Heather Boushey and Kavya Vaghul**: [Working Mothers with Infants and Toddlers and the Importance of Family Economic * **Nick Bunker**: [How the U.S. Housing Boom Hid Weaknesses in the Labor...
Grasping Reality   |   Fri, 1 Jul 2016 14:43:28

Fed's Fischer watching how quickly Brexit unfolds: CNBC

WASHINGTON (Reuters) - The Federal Reserve will have a hard time assessing the impact of Britain's vote to leave the European Union because the exit negotiations could take a long time and other countries might also leave the EU, Fed Vice Chair Stanley Fischer said on Friday. "When it's something ...
Business Insider   |   Fri, 1 Jul 2016 14:42:55

Getting to grips with Brexit

Graham Vidler looks at what Brexit might mean for UK pension schemes.
Graham Vidler / Professional Pensions   |   Fri, 1 Jul 2016 14:42:41

Telegraph: Post-Brexit property planning: should you buy, sell or stick?

Short term = price falls the ''experts'' predict
tom101 / House Price Crash   |   Fri, 1 Jul 2016 14:40:08

As Bank of England Mulls Rate Cuts, More Pound Punishment Likely

The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) is perhaps the most obvious victim of last week's Brexit decision and that is reflected in the pound exchange traded fund's loss of nearly 5% over the past week. Many currency market observers are forecasting more pain for sterling in the weeks ...
Tom Lydon / ETF Trends   |   Fri, 1 Jul 2016 14:39:41

There's More To The Gold Price Rally Than Brexit

There's More To The Gold Price Rally Than Brexit Brexit has sparked a rush into safe haven assets, and one of the assets that hs benefited most is gold. The price of gold spiked at the end of last week [...] The post There's More To The Gold Price Rally ...
Rupert Hargreaves / Value Walk   |   Fri, 1 Jul 2016 14:35:33

How Will Brexit Affect The London Office Market?

The uncertainty caused by Brexit could cause a drop in office demand, which could worsen if financial services companies decide to relocate some of their operations to Continental Europe at a time which new office developments hit the London market
Carla Passino, Contributor / Forbes   |   Fri, 1 Jul 2016 14:34:00

With Brexit clouding outlook, U.S. payrolls to tilt focus back to Fed

By Hugh Lawson LONDON (Reuters) - Investors will start to peek beyond the Brexit-dominated headlines in the coming week to gauge the outlook for the global economy, and what impact an expected rebound in U.S. job creation will have on central banks eyeing looser policy. Britain's shock vote to leave ...
Business Insider   |   Fri, 1 Jul 2016 14:33:33

Brexit will increase U.K.'s huge debt

More taxes, less spending and no chance of a balanced budget: This is the Brexit Britain envisioned by U.K. Chancellor George Osborne.
CNN   |   Fri, 1 Jul 2016 14:31:16

The UK has one big open border with the EU

The United Kingdom may be an island nation, but it has one, huge open border with the European Union.
CNBC   |   Fri, 1 Jul 2016 14:28:00

GLOBAL ECONOMY WEEKAHEAD-With Brexit clouding outlook, U.S. payrolls to tilt focus back to Fed

LONDON, July 1- Investors will start to peek beyond the Brexit-dominated headlines in the coming week to gauge the outlook for the global economy, and what impact an expected rebound in U.S. job creation will have on central banks eyeing looser policy. Britain's shock vote to leave the European Union ...
CNBC   |   Fri, 1 Jul 2016 14:24:00

Santelli: Maybe the Fed is the problem

CNBC's Rick Santelli reacts to comments by Federal Reserve Vice Chairman Stanley Fischer on Brexit and whether negative rates are right for the U.S.
CNBC   |   Fri, 1 Jul 2016 14:20:00

Economic View: How a Quest by Elites Is Driving and Trump

Unlike the public, economists seem more concerned about the size of the pie than whether everyone gets a slice.
NEIL IRWIN / NY Times   |   Fri, 1 Jul 2016 14:19:19

Biotech Forum Daily Digest: Tesaro's Huge Week! Brexit Losses Gone, Spotlight On Applied Genetics Technologies

Seeking Alpha   |   Fri, 1 Jul 2016 14:18:57

Stocks rally as Brexit losses shrink further

U.S. stocks kicked off the new quarter on the rise, as calm has returned to the market after the Brexit rebound rally and ahead of the long 4th of July weekend.
USA Today   |   Fri, 1 Jul 2016 14:17:57

Fed's Fischer: We have no plans to try negative interest rates

Stanley Fischer said Friday it was too soon to tell whether Britain's vote to leave the European Union had changed the U.S. economic outlook.
CNBC   |   Fri, 1 Jul 2016 14:15:00

Stanley Fischer: Considering Brexit effects

Federal Reserve Vice Chairman Stanley Fischer discusses the market's consideration for potential Brexit pain, and investors betting on central bank action.
CNBC   |   Fri, 1 Jul 2016 14:05:00

Brexit: Breaking Bullish or Bearish?

During my visits with our accounts at the beginning of this week, I didn't sense as much anxiety about the selloff in equities during Friday of last week and this past Monday as I detected among our accounts during the correction at the start of the year. Perhaps we are ...
Dr. Ed Yardeni / Ed Yardeni   |   Fri, 1 Jul 2016 14:01:00

'Polite assassin' Gove outfoxes

A bespectacled intellect with a low-key image, Michael Gove emerged as an ­unlikely force behind the Brexit campaign.
Austrailian   |   Fri, 1 Jul 2016 14:00:00

UK's new PM must usher country through political storm

CNN   |   Fri, 1 Jul 2016 13:59:09

Gold +24% In H1, Silver Hits 2-Year $19 High As Brexit Pushes UK To New QE

Gold +24% In H1, Silver Hits 2-Year $19 High As Brexit Pushes UK To New QE by Adrian Ash, Bullion Vault GOLD and SILVER both headed for new multi-year weekly closing highs in London trade Friday, extending their strongest 6-monthly [...] The post Gold +24% In H1, Silver Hits 2-Year ...
Guest Post / Value Walk   |   Fri, 1 Jul 2016 13:58:55

If Brexit costs a few City bankers their jobs, is that so bad?

Continental Europeans see British exit as an opportunity of a lifetime to swing business their way
Eric Reguly / Globe and Mail   |   Fri, 1 Jul 2016 13:53:24

Markets have been hit hard by Brexit but they have not crumbled - politics has

There is no doubt Brexit has been painful for stock markets and particularly shares of certain companies but it has not been a Lehman style event. Even when facing steep sell offs markets have functioned properly. UK politics has shown much less resolve, raising concerns around long term The post ...
Raoul Ruparel / Open Europe   |   Fri, 1 Jul 2016 13:52:19

Samuel Adams Brewery Is Not The Only One Trying To Register 'Brexit' As A Trademark

It happens every time. There's a new term the public and the media have fallen in love with. This month, nothing has been bigger than "Brexit." Then people try to monopolize that term by filing applications in the U.S. Patent and Trademark Office. Someone cries: "They can't do that!" The ...
Jess Collen, Contributor / Forbes   |   Fri, 1 Jul 2016 13:51:00

Do we really become more bigoted with age? Science suggests yes.

Young people in the United Kingdom were shocked and dismayed when the Brexit vote came in last week. The youth - by a large margin - supported remaining in the European Union. Many of their parents and grandparents did not. "Brexit is a middle finger from the baby boomers to ...
Vox   |   Fri, 1 Jul 2016 13:50:03

The uncharismatic Brexiteer: Gove brings vision in a confident pitch to be PM

On Wednesday, very few people expected Michael Gove would be making his pitch to be Conservative Party leader on Friday morning. But in the Machiavellian twists and turns of post-Brexit politics, Gove's actions have been shocking and completely unexpected. He first demolished Boris Johnson's embryonic leadership campaign, and has now ...
Victoria Honeyman, Lecturer in British Politics, University of Leeds / The Conversation   |   Fri, 1 Jul 2016 13:47:55

This chart shows every possible outcome of a Brexit

Since the UK's vote to leave the European Union exactly one week ago, debate has swirled about when, how, and if the UK will actually come out of the EU. Some European bureaucrats have encouraged the UK to leave as soon as possible, while others have urged caution. Here in ...
Will Martin / Business Insider   |   Fri, 1 Jul 2016 13:47:36

Riding 3-day surge, stocks open 3rd qtr. flat

U.S. stocks kicked off the new quarter virtually unchanged, as calm has returned to the market after the Brexit rebound rally and ahead of the long 4th of July weekend.
USA Today   |   Fri, 1 Jul 2016 13:38:57

Britain Stands at a Diplomatic Crossroads With Brexit Blues

By Nicholas J. Cull The country has always had impulses to cooperate and to isolate. The referendum took a snapshot of opinion at an extreme moment of the pendulum swing. Now all Britons have to live with the result. Related Entries June 30, 2016 Boris Johnson Plans Britain's Future June ...
truthdig   |   Fri, 1 Jul 2016 13:38:07

Brexit Was a Win for the Good Guys

Watching the Brexit campaign generated mixed feelings: It was a little like the man who saw his mother-in-law drive his new Mercedes off a cliff. In the United Kingdom some people who hated free trade, immigration, and market innovation challenged the officious, wannabe super-state headquartered in Brussels. Who to cheer ...
Doug Bandow / Cato   |   Fri, 1 Jul 2016 13:38:00

Why LSE Group Investors' Votes May Be Wasted

Shareholders vote Monday on the merger with Deutsche Börse but Brexit has put big obstacles in the way
WSJ   |   Fri, 1 Jul 2016 13:25:22

Trinity Mirror aims to avoid Brexit hit

Newspaper group promises action as advertising sales slide
FT   |   Fri, 1 Jul 2016 13:25:00

S&P Slashes US Economic Growth Outlook, Blames Brexit

Is this even allowed? It appears S&P has joined the cynical, skeptical ranks of fiction-peddlers and has axed its economic outlook for the US economy. "All told, we expect the repercussions from Brexit to weigh somewhat on U.S. GDP," says S&P's U.S. Chief Economist Beth Ann Bovino. "Combining this with ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 13:24:04

Easyjet 'seeking air operator certificate outside Britain after Brexit'

British airline easyJet has reportedly started the process to get an air operator certificate in a different European Union country after the Brexit...
euronews   |   Fri, 1 Jul 2016 13:11:54

Don't Expect Bank of England to Wait, Easing may Begin Next Week

Investors are debating over whether the Bank of England ease policy at the July 14 MPC meeting or wait until August Quarterly Inflation Report when new post-Brexit forecasts will be ready. There are many dimensions to monetary policy, and the first move could come next week. Of the various parts ...
Marc Chandler / Marc to Market   |   Fri, 1 Jul 2016 13:08:00

Brexit: FT markets' analysis in review

A look back at our coverage before and after the vote
FT   |   Fri, 1 Jul 2016 13:07:07

UK economy at cruising speed entering Brexit storm

Data this week confirm that the UK economy was growing solidly before the EU referendum, in line with the positive assessment in previous posts here but contrary to consensus gloom. Revised figures show that GDP grew by 0.45% in the first quarter, up from a previous estimate of 0.36%. The ...
Simon Ward / Money Moves Markets   |   Fri, 1 Jul 2016 13:06:46

Fed: Next hike to come in Q3 2017 at the earliest - RBC CM

Research Team at RBC Capital Markets, suggests that the Brexit has introduced the very real possibility that this morphs into a domino effect across t
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 13:06:43

Hinkley Point C critics try to derail it amid Brexit vote turmoil

Board of EDF, energy project's key backer, is at risk of fracturing as ex-supporters worry about uncertainty of British government Britain's flagship energy project, Hinkley Point C, is hanging by a thread as critics inside key backer EDF use the political turmoil caused by the Brexit vote to try to ...
Terry Macalister Energy editor / Guardian   |   Fri, 1 Jul 2016 13:06:01

What's next for stocks in post-Brexit world?

Stocks enter the the start of the third quarter riding a huge three-day rally and facing fresh headwinds and new questions.
USA Today   |   Fri, 1 Jul 2016 13:02:06

SRSLY: BoJo, The #Brexit Bro

by David Epstein SRSLY The best reporting you probably missed David Epstein Welcome to SRSLY, an (experimental) newsletter highlighting under-exposed accountability journalism. We'll distill the important information from investigative reporting you probably missed, and deliver it to you in worth of reading. Sign up to have it delivered to your ...
ProPublica   |   Fri, 1 Jul 2016 13:00:36

Post-Traumatic Brexit Disorder Relief: Buy These BDCs

Seeking Alpha   |   Fri, 1 Jul 2016 13:00:00

City watchdog's new boss tries to reassure foreign staff after Brexit vote

Tim Wallace / Alistair Osborne   |   Fri, 1 Jul 2016 12:57:41

Don't be fooled by the rally - gold is still stuck in a 'bear super-cycle'

Gold has taken off in the past week as part of the post-Brexit "safe haven" rally. The precious metal jumped as much as 7% the day after the UK voted to leave the European Union and has stayed elevated since. This rally, however, isn't to be trusted, according to John ...
Business Insider   |   Fri, 1 Jul 2016 12:56:43

TOM LEE: Here are 5 reasons why stocks will keep going up

Brexit is a "fundamental negative," but US stocks will continue to climb in the days ahead, according to Fundstrat's Tom Lee. It's still very early days since the United Kingdom voted to leave the European Union - a decision that rocked global markets because investors were not expecting it. But ...
Money Game   |   Fri, 1 Jul 2016 12:51:04

FACTBOX-What the Bank of England can do to cushion Brexit hit for UK

LONDON, July 1- Bank of England Governor Mark Carney has said he expects the central bank will need to do more to help Britain's economy after it was hit by the shock of last week's referendum vote to leave the European Union. That is a record low but it still ...
CNBC   |   Fri, 1 Jul 2016 12:51:00

Top Analyst Upgrades and Downgrades: CenterPoint, Micron, Paychex, Qualcomm, SolarCity, Southern Copper and Many More

The stock market has recovered a majority of its post-Brexit losses, with the Dow's 900+ point drop from last Thursday to being less than 100 points down. Investors have different reasons each... AVY BCC CE CNP CXW DRI GSK MAN MU PAYX QCOM SCCO SCTY Administrator bull and bear
24/7 Wall St.   |   Fri, 1 Jul 2016 12:50:16

The Brexit Bodge: What they said

The EU referendum was only a week ago, and already the false claims and promises of 'Leave' campaigners are painfully unravelling. THEY SAID that outside the EU, Britain could control migration. This would relieve on public services. - BUT NOW they're saying that leaving the EU can't radically reduce migration ...
Jon Danzig / Ideas on Europe   |   Fri, 1 Jul 2016 12:48:55

Winners of Brexit: Will London Be Supplanted by Other Finance Hubs?

Will London's status as a financial capital be threatened by the United Kingdom's recent Brexit vote? If so, which global financial centers stand to gain the most from the City's loss? We polled readers of CFA Institute Financial NewsBrief to find out. Read more
Laurel Teo, CFA / CFA Institute   |   Fri, 1 Jul 2016 12:48:18

Brexit uncertainty strengthens the case for UK shale

The pending exit from the European Union strengthens the argument for the development of Britain's currently untapped shale gas resources. Britain's energy security should be a concern whether it remains in the EU or not, though the vote to leave makes this an increasingly acute issue. Quite simply Britain doesn't ...
Proactive Investors   |   Fri, 1 Jul 2016 12:40:00

Bonddad Friday Linkfest

Tom Taylor on BrexitA comment I heard several times from "Leave" proponents is that the United Kingdom has fifth-largest economy in the world, and even outside the EU, it will remain an important player in the global economy. This argument strikes me as whistling in the dark. Yes, if GDP ...
Bonddad Blog   |   Fri, 1 Jul 2016 12:38:00

How Brexit Will Impact Your Retirement

The impact of the Brexit vote is still blasting financial markets. Here's what you need to know about how it will impact your retirement.
John Wasik, Contributor / Forbes   |   Fri, 1 Jul 2016 12:33:00

Gove says Brexit should not start this year

Justice secretary launches leadership campaign with promise to 'reform capitalism'
FT   |   Fri, 1 Jul 2016 12:31:32

London property deals end after Brexit

Large commercial real estate agreements to fall include £465m acquisition of Cannon Place office
FT   |   Fri, 1 Jul 2016 12:28:24

BoE said to ease banks' capital requirements after Brexit vote

The Bank of England is planning to cut banks' capital requirements as early as next week, Bloomberg reports citing people with knowledge of the discus
Ani Salama / FX Street   |   Fri, 1 Jul 2016 12:28:19

Brexit and the Bioeconomy

OK, the UK is exiting the EU, Cameron has resigned, Scotland is considering secession, Moody's put the British credit rating on watch, and 12 shadow ministers of the Labor Party were either sacked or resigned, as the UK's extraordinary political crisis unfolds. Markets melted on last week, with $2 trillion ...
REN   |   Fri, 1 Jul 2016 12:25:00

Why Tesco Won't Get a 'Brexit' Boost

When the pound plunged in 2008, U.K. grocers were a haven in the storm. Don't expect a repeat performance now.
WSJ   |   Fri, 1 Jul 2016 12:23:18

Brexit Along Three Axes

I do not think that the 3-axes model performs as well as usual at interpreting the post-Brexit feelings. But here is a try. Let us treat the vote as an anti-immigrant backlash. That might not be correct, by the way. ... Continue reading →
Arnold Kling / askblog   |   Fri, 1 Jul 2016 12:21:30

Osborne abandons 2020 surplus target

Chancellor responds to uncertainty generated by Brexit vote
FT   |   Fri, 1 Jul 2016 12:20:59

Explaining Social Anger, Brexit, Donald Trump In One Chart

Submitted by Michael Shedlock via MishTalk.com, Voters are angry. Donald Trump, Marine Le Pen, Nigel Farage, UKIP, and the AfD party in Germany have all been accused of stirring up anger and hatred. But anger is not the problem. None of those individuals or political parties are the problem. Protectionism ...
Zero Hedge   |   Fri, 1 Jul 2016 12:20:18

EasyJet says no decision on HQ relocation until Brexit dust has settled

EasyJet said it will not decide whether to relocate its legal headquarters until Britain's new relationship with the European Union is clear, following a report which said its CEO had signalled a move from the UK was almost inevitable. A spokesman for the British budget airline, responding to a Sky ...
Times of Malta   |   Fri, 1 Jul 2016 12:20:00

The Case for 'Regrexit': Why Britain Won't Really Leave the EU

The Case for ' Regrexit ': Why Britain Won't Really Leave the EU Despite the Brexit vote, Britain will remain a de-facto member of the European Union, writes Peter Vanham, Global Leadership Fellow at the World Economic Forum who is [...] The post The Case for 'Regrexit': Why Britain Won't ...
Knowledge Wharton / Value Walk   |   Fri, 1 Jul 2016 12:15:23

Brexit won't stop Britain's house prices from rising

A new report from the Nationwide building society has shown that the spectre of a Brexit has had no discernible impact on the UK property market. Average house prices grew 0.2% in June from May to £204,968 ($272,269), 5.1% higher than they were a year ago. Robert Gardner, Nationwide's Chief ...
Matthew Nitch Smith / Business Insider   |   Fri, 1 Jul 2016 12:12:27

4 Deutsche Bank High Conviction Stocks To Buy Right Now

Despite the nice rally the last two days, the $3 trillion two day sell-off after the Brexit vote was one of the largest on record. While of course it's always better to hold your nose and buy... FL WFC 247lee buy now key
24/7 Wall St.   |   Fri, 1 Jul 2016 12:11:12

8 Solid Technology Companies Valued Under 10 Times Expected Earnings

During periods of uncertainty, investors often look for what they find to be value. It should go without saying that an already-slowing international economic picture and then the Brexit shock have... ARRS BRCD JNPR MSCC NCR SWKS Administrator buy sell stocks
24/7 Wall St.   |   Fri, 1 Jul 2016 12:01:31

UK's potteries fight off Brexit threat

Steelite International, which provides tableware for the Dorchester hotel, bought out by US firm
FT   |   Fri, 1 Jul 2016 11:59:28

The experts who failed the Brexit test

Most embarrassed by recent events are prediction markets
FT   |   Fri, 1 Jul 2016 11:59:18

INVESTMENT FOCUS-Brexit revives ghost of crisis past - QE

LONDON, July 1 (Reuters) - When central banks first embraced quantitative easing in 2009 to lift the world economy from the ashes of the Great Recession, it was only half-jokingly dubbed
Reuters   |   Fri, 1 Jul 2016 11:58:03

European factories bounce as Asia struggles, but Brexit poses threats

Euro zone May factory PMI at six-month high of 52.8
Jonathan Cable and Wayne Cole / Globe and Mail   |   Fri, 1 Jul 2016 11:56:21

Social media erupts

Forget Game of Thrones. The United Kingdom and its current political landscape have turned into a fast-paced TV drama of its own that can't be missed.
CNN   |   Fri, 1 Jul 2016 11:54:31

George Osborne just abandoned one of the government's biggest policies because of Brexit

The Chancellor has abandoned plans to balance the government's budget by the end of the decade, blaming uncertainty surrounding Britain's exit from the European Union. A commitment to reach a budget surplus - collecting more in taxes than it spends on public services - has been central to Osborne's vision ...
Oscar Williams-Grut / Business Insider   |   Fri, 1 Jul 2016 11:54:12

JLT: DB deficits hit record £341bn in June

Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
Professional Pensions   |   Fri, 1 Jul 2016 11:53:00

Brexit a 'wimpy crisis': Strategist

Market reaction to Britain's vote shows it might not be the financial disaster investors had feared, says Jim Paulsen.
CNBC   |   Fri, 1 Jul 2016 11:51:00

Friday Morning Links

MUST READS A Strong Middle Class Doesn't Just Happen - Atlantic Brexit Due to Failure of Elites, Not Bigotry of Masses - RCP Interest rate cut likely after Brexit vote, says Mark Carney - Guardian Anti-Brexit Elites Aren't the Ones Who Suffer from Their Policies - National Review The president ...
Tim Iacono   |   Fri, 1 Jul 2016 11:46:04

Slovakia takes over EU presidency amid Brexit fallout

The United Kingdom's vote to leave the European Union will dominate the bloc's agenda for the rest of the year, Slovakia's prime minister said on...
euronews   |   Fri, 1 Jul 2016 11:38:30

Independence Day gives driving boost for oil, but traders want to see sustained demand

The western world was certainly preoccupied with the Brexit fallout all week as warning signs of doom and gloom dominated the headlines. Like global equity markets, the oil market took a short sharp hit, but recovered later in the week and in early trading on Friday, Brent crude was priced ...
Proactive Investors   |   Fri, 1 Jul 2016 11:35:00

Frontrunning: July 1

Bond yields sink as central banks head for easier policy (Reuters) PM hopeful Gove says UK leader must believe in Brexit (AP) U.K. Can't Bank on EU's Rationality in Talks (WSJ) Gove Makes Case for U.K. Premiership After Johnson Betrayal (BBG) ECB not debating abandoning capital key in QE buys ...
Zero Hedge   |   Fri, 1 Jul 2016 11:34:47

Brexit and the end of EU enlargement

A few comments on Brexit from a British/EM perspective: First, on the idea that somehow Brexit can be avoided. Frankly, I just don't buy that. It was made crystal clear that this was an in-out decision, and we all voted on that assumption. It is patronising to the electorate to ...
Timothy Ash, Nomura / Beyond BRICs   |   Fri, 1 Jul 2016 11:33:51

Brexit watch: Easyjet mulling shift in HQ

Brexit to weigh only slightly on global oil demand, analyst says Dougie Youngson, analyst at City broker finnCap, highlighted that oil traders have so far focused on the short term impact of the Brexit vote. "The market is now focusing on what the impact of Brexit will be on global ...
Proactive Investors   |   Fri, 1 Jul 2016 11:29:00

UPDATE 1-UK's Osborne drops 2020 budget surplus target after Brexit vote

LONDON, July 1 (Reuters) - British finance minister George Osborne said on Friday he was no longer sticking to his centrepiece policy of turning the country's budget deficit into a surplus by 2020...
Reuters   |   Fri, 1 Jul 2016 11:28:58

Week in pictures - From Ataturk attacks to Brexit

From the deadly suicide attack in Turkey to the shock exit of Britain from Euro 2016, here is the week in pictures.
Al Jazeera   |   Fri, 1 Jul 2016 11:27:52

PM hopeful Gove says UK leader must believe in Brexit

LONDON (AP) - Political healing after Britain's vote to leave the European Union seemed a distant prospect Friday, as Justice Secretary Michael Gove ramped up his Conservative leadership bid but a senior colleague urged him to step aside.
Associated Press   |   Fri, 1 Jul 2016 11:19:29

Festival of Finance 2016

The ECB's Peter Praet and experts discuss Brexit, finance and markets
FT   |   Fri, 1 Jul 2016 11:19:25

Savers and borrowers braced for change amid Brexit fallout

Two speeches made within 24 hours have signalled significant changes ahead for personal finances.
BBC   |   Fri, 1 Jul 2016 11:17:45

Brexit: everything you wanted to know about turnout by age at the EU referendum

A week on from Britain's historic vote to leave the EU, some of the most frequently asked questions have concerned turnout levels across different age groups. Early cries that the young had been betrayed by older voters were countered with claims that it's young people's own fault for not voting ...
John Burn-Murdoch / FT Data   |   Fri, 1 Jul 2016 11:14:09

Brexit: Tensions emerge over UK-EU trade negotiations

UK and EU politicians send conflicting signals about how the UK's Brexit negotiations should proceed.
BBC   |   Fri, 1 Jul 2016 11:13:39

Labouring on? It's time to leap

What is to be done about the Labour party in the UK? Butterly, image: ra_hurd, some rights reserved "short term hopes are futile, long term resignation is futile" Hans Magnus Enzenberger For Labour this is not really about Brexit or Jeremy, they are respectively just the trip wires and symptoms ...
Open Democracy   |   Fri, 1 Jul 2016 11:09:13

Europe needs Brexit roadmap urgently, says ECB chief economist

LONDON, July 1 (Reuters) - Europe urgently needs a "roadmap" on Britain's plans to leave the European Union, the European Central Bank's chief economist Peter Praet said on Friday.
Reuters   |   Fri, 1 Jul 2016 11:06:46

Everything is not ok

A WEEK ago, as news of the vote in favour of Brexit sunk in, global markets tumbled. In the space of two days, the S&P 500 dropped more than 4%, while Britain's FTSE 250 fell about 10%. But then, strikingly, equity prices reversed themselves. The S&P 500 is now higher ...
Free Exchange   |   Fri, 1 Jul 2016 11:06:29

What Brexit means for your money

Investments, pensions and property face risks following the referendum vote
FT   |   Fri, 1 Jul 2016 11:04:19

Gove: I am the Brexit Candidate

Gove promises to deliver Brexit, end free movement, Australian-style points system, spend money on NHS - Guido Fawkes (@GuidoFawkes) July 1, 2016 Gove finishes up: "I am standing for the leadership not as a result of calculation... dare to dream" - Guido Fawkes (@GuidoFawkes) July 1, 2016 The post Gove: ...
WikiGuido / Guy Fawkes' blog   |   Fri, 1 Jul 2016 11:02:58

Brexit vote is poor outcome for UK, says industry

Majority of people believe Brexit is a bad decision for UK according to PP research.
Michael Klimes / Professional Pensions   |   Fri, 1 Jul 2016 11:00:56

Factory data show recovery before Brexit

Activity moved from stagnation to expansion, reaching five-month high in June
FT   |   Fri, 1 Jul 2016 10:58:06

The incredibly shrinking Brexit losses

That feared market meltdown? Yeah, it was short-circuited.
USA Today   |   Fri, 1 Jul 2016 10:58:03

The uncomfortable truth that the BoE faces after Brexit

The BoE has summed up the mood of most market participants who find themselves in a world of negative rates and ultra-aggressive monetary policy.
CNBC   |   Fri, 1 Jul 2016 10:51:00

Jefferies: Don't Panic, Markets Are Handling Events Quite Well

Sean Darby, Jefferies chief global equity strategist, and Kenneth Chan, the firm's quantitative strategist, want to have an honest conversation about Brexit. The world did not end after the vote, the sun, in fact, ended up rising in the east [...] The post Jefferies: Don't Panic, Markets Are Handling Events ...
Value Walk   |   Fri, 1 Jul 2016 10:48:46

Brexit Briefing: Michael Gove Enters Leadership Race; Boris Johnson's Bid Collapses - At A Glance

We have just witnessed the most extraordinary week in British politics possibly since World War II, with both leading national political parties in utter disarray. The June 23 vote to leave the European Union was always expected to bring uncertainty to the economy and financial markets. And it did. But ...
Stephen Fidler / WSJ Brussels   |   Fri, 1 Jul 2016 10:42:19

Brexit helps gold gain over 25% in first half of 2016

The U.K.'s vote to leave the EU has boosted precious metals as investors flock to safe-haven assets such as gold and silver.
CNBC   |   Fri, 1 Jul 2016 10:41:00

Renzi says EU must rediscover identity after Brexit

Rome, July 1 - Premier Matteo Renzi said Friday that he was optimistic the European Union could make good of Britain's vote to leave it. "A very interesting new period has started for Europe, ex malo bonum (good from evil)," he said at the presentation of the end of the ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 10:37:00

Brexit derails Fed hiking cycle - RBC CM

Research Team at RBC Capital Markets, suggests that the Brexit vote outcome has derailed the Fed hiking cycle and the question now is for how long. K
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 10:36:39

REPORT: EasyJet is thinking about moving its HQ out of the UK

EasyJet is consulting with aviation regulators across the European Union about possibly moving its headquarters out of the UK and into continental Europe, according to a report from Sky News. Sky's report suggests that EasyJet's chief executive Carolyn McCall - one of only a handful of female chief execs at ...
Business Insider   |   Fri, 1 Jul 2016 10:35:52

How millennial investors rode the Brexit wave

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   |   Fri, 1 Jul 2016 10:35:24

The Latest: Tony Blair sees danger after Brexit vote

Former Prime Minister Tony Blair, who argued strongly that Britain should remain in the European Union, has warned that Britain is in peril following the Brexit vote
U.S. News   |   Fri, 1 Jul 2016 10:30:00

European markets cautious, eye weekly gain, despite Brexit

The stocks on the European bourses traded range bound to moderately higher on the final trading day of the week, but remains on track for the first we
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 10:27:48

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead

It has taken just a week since the shock EU referendum vote for the best FTSE 100 performance in years. What's going on? Find out here ... After an initial slump in the first two trading day's following the Brexit vote, the index of Britain's top 100 companies regained all ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 10:24:20

No way out

All that remains of Brexit is lies, a botched job, and cynicism
José Ignacio Torreblanca / EL PAÍS   |   Fri, 1 Jul 2016 10:17:45

XAU/USD - Gold Climbs as Bank of England Says Rate Cut Coming

Gold has posted gains on Friday, continuing the upward movement which marked the Thursday session. The metal is trading at $1332 per ounce. On the release front, today's highlight is ISM Manufacturing PMI. The indicator is expected to remain unchanged at 51.3 points. The aftershocks in the wake of Brexit ...
Kenny Fisher / OANDA   |   Fri, 1 Jul 2016 10:17:40

Brexit vote triggers "redemptions day" for equity funds -BAML

LONDON, July 1 (Reuters) - Investors pulled $21 billion from global equities in the past week, the highest weekly outflow since last August's China-related ructions, with almost half that amount...
Reuters   |   Fri, 1 Jul 2016 10:14:27

US NFP: Look for something slightly above consensus - ING

Research Team at ING, suggests that aside from the ongoing political and market fallout from Brexit in the UK, we will get the first US Labour Report
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 10:13:18

FTSE 100 continues rebound but Royal Bank of Scotland falls again

Banking shares weaker on worries about UK recession and rate cut effects Leading shares are heading for their best week since December 2011, but banks continue to miss out on the post-Brexit bounce. Concerns about a UK recession and comments from Bank of England governor Mark Carney hinting at a ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 10:08:53

Heard in the Hutong: Beijingers on Brexit

We asked Beijingers their thoughts on Brexit.
WSJ Staff / WSJ China Real Time Report   |   Fri, 1 Jul 2016 10:08:49

UK in economic shock after EU referendum, Osborne says

Supreme national effort will be needed to get through aftermath of Brexit vote, says chancellor Britain's economy is showing clear signs of shock in the aftermath of the vote to leave the European Union, George Osborne has said. The chancellor, who backed a remain vote in last week's referendum, said ...
Press Association / Guardian   |   Fri, 1 Jul 2016 10:04:53

Investing after Brexit: Blithe spirit

Do not run for the doors in the face of volatility
FT   |   Fri, 1 Jul 2016 10:03:40

Aid, trade and friendship: Will Brexit hurt the world's most needy?

As the shock of Britain's decision to leave the European Union sent world stock markets tumbling and triggered global concern, some began to calculate the toll it might take on the world's most needy. Would aid to the world's developing nations be impacted? Would there be an effect on trade ...
Ann M. Simmons / LA Times   |   Fri, 1 Jul 2016 10:00:00

EasyJet Opens Talks Over Post-Brexit HQ Move

EasyJet's boss has signalled in private meetings this week that moving its legal HQ is "likely" after Brexit, Sky News can reveal.
Sky   |   Fri, 1 Jul 2016 09:58:04

Could Paris really steal City of London crown after Brexit?

French officials have been preparing for months to promote their financial sector and urge City bankers to consider a move Hours after the UK's vote for Brexit was announced, online adverts saying "Welcome to the Paris Region" aimed at international banks and investors were already running in the Financial Times ...
Angelique Chrisafis in Paris / Guardian   |   Fri, 1 Jul 2016 09:57:57

Why Brexit Could Hurt America's Security And Help Russia's

Image credit: istockIn the Newsquoting Michael McFaulvia CNN What happens in Europe doesn't stay in Europe.
Hoover Institution   |   Fri, 1 Jul 2016 09:54:00

Race for Britain's Brexit PM heats up after Boris bows out

Britain's ruling Conservative Party was left reeling on July 1, after the shock withdrawal of favourite Boris Johnson from the race to become prime minister in the wake of the vote to leave the EU
Hurriyet   |   Fri, 1 Jul 2016 09:52:00

UK factory output grows despite fears of Brexit fallout

Solid growth in new orders helped by export boost from the dive in sterling as PMI rises to highest level since January UK factory output made tentative gains in June after a slump in the spring, but firms still shed jobs amid fears over the referendum vote last week. The ...
Phillip Inman Economics correspondent / Guardian   |   Fri, 1 Jul 2016 09:51:09

Italy's 2016 growth just 0.8% after Brexit - CSC report (2)

Milan, July 1 - Italy's GDP will rise by 0.8% this year and by 0.6% in 2017, the CSC research centre of industrial employers' confederation Confindustria said Friday after revising down its forecasts following the Brexit. In December it forecast growth of 1.4% in 2016 and 1.3% in 2017. "The ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 09:49:00

EMERGING MARKETS-Emerging stocks set for biggest weekly rise since March

By Karin Strohecker LONDON, July 1 (Reuters) - Emerging stocks headed for their biggest weekly gain since March on Friday, shrugging off Brexit jitters and focusing on the likelihood of more...
Reuters   |   Fri, 1 Jul 2016 09:43:03

Mr Market is not shrugging off Brexit

If stock prices are telling us anything, it is all bad news
FT   |   Fri, 1 Jul 2016 09:41:37

Brexit is not the beginning of a global security crisis

Now its people have decided to back out of the EU, Britain's future place in the world order is more unclear than it has been for decades - but that still doesn't mean that the world is less safe because of the British electorate's decision. To read some reactions to ...
Ian Shields, Associate Lecturer in International Relations, Anglia Ruskin University / The Conversation   |   Fri, 1 Jul 2016 09:40:00

UK factories report pick-up in activity in June

UK manufacturers saw activity pick-up in June, according to a closely watched survey, but the effects of the Brexit vote will not be seen until July.
BBC   |   Fri, 1 Jul 2016 09:36:02

Fed's Bullard doesn't expect Brexit to have influence on global deflation

In an interview on Bloomberg TV, St. Louis Fed President James Bullard noted that the US economy is in a low growth phase now. Key Quotes: US is in
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 09:33:56

7 ways Brexit will be felt across Africa

The reverberations from Britain's fateful choice extend far beyond Europe. The U.K. retains deep ties with many African states, and the turbulence is causing anxiety from the Johannesburg stock exchange to the battlefields of Somalia.
CNN   |   Fri, 1 Jul 2016 09:32:16

Who's really to blame for Brexit

Mismanagement of globalization by the world's leadership class has led to Brexit and may elect Donald Trump. The post Who's really to blame for Brexit appeared first on The Japan Times .
Ted Rall / Japan Times   |   Fri, 1 Jul 2016 09:31:59

My 350 on BREXIT: An act of utter ignorance

"Many have claimed that it is high time for the establishment to start listening. It is not. Rather, it is high time Leave voters started listening." As a UK resident for three years and an Anglophile whose biggest ambition in life is to acquire a British accent, I am devastated. ...
Ragnar Weilandt / Open Democracy   |   Fri, 1 Jul 2016 09:31:22

China PMI Drops To Four Month Low

Brexit is sure to damage the economic growth of both the EU and U.K. America's GDP growth has been lackluster. Japan's decades long financial trouble has not ended, and will not soon.... 247wallst The Great Wall of China
Douglas A. McIntyre / 24/7 Wall St.   |   Fri, 1 Jul 2016 09:24:37

Brexit and the future of European Union By George Soros

Brexit and the future of European Union The United Kingdom had the best of all possible deals with the European Union; it was a member of the EU common market while having its own currency. Yet that was not enough [...] The post Brexit and the future of European Union ...
Guest Post / Value Walk   |   Fri, 1 Jul 2016 09:24:33

The Minsky moment theory and its relevance to Brexit

Whoever has studied economics has encountered the 'Minsky moment theory' named after economist Dr. Hyman Minsky, who had noted that in times of stability, traders tend to inflate asset prices by leveraging their positions, with the consequence that markets shift towards a bearish mode, while a dash for the exit ...
Times of Malta   |   Fri, 1 Jul 2016 09:24:00

Italy's 2016 growth just 0.8% after Brexit - CSC report

Milan, July 1 - Italy's GDP will rise by 0.8% this year and by 0.6% in 2017, the CSC research centre of industrial employers' confederation Confindustria said Friday after revising down its forecasts following the Brexit. In December it forecast growth of 1.4% in 2016 and 1.3% in 2017. "The ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 09:21:00

We need to build new runways at Heathrow AND Gatwick if we are to grow post-Brexit

James Quinn / Telegraph   |   Fri, 1 Jul 2016 09:17:19

One bleak chart shows how awful the next few years will be for the British economy

Exactly one week ago, Britain voted to leave the European Union and, as predicted, chaos ensued in the markets. Prior to the vote economists, banking analysts, central banks and pretty much every category of financial thinker warned of the potentially dire consequences of the referendum. Markets would crash, investment to ...
Will Martin / Business Insider   |   Fri, 1 Jul 2016 09:14:19

Brexit aftermath: metals and miners strengthen, UK weakens

On the whole, dollar strength is a mixed blessing for miners. A strong dollar in many respects equates to weaker commodity prices, an effect most marked in the AM and PM fix for the gold price, but also apparent elsewhere. And yet, the very fact that commodities are priced in ...
Proactive Investors   |   Fri, 1 Jul 2016 09:12:00

Tory leadership contest: Betting odds and poll predictions on who is favourite to become Prime Minister

Ashley Kirk / Telegraph   |   Fri, 1 Jul 2016 09:05:58

"Brexit And The EU: A New Deal For All The EU Or No Deal At All?" by Vivien Schmidt

Now that the UK has voted to leave the EU, all the attention has been focused on how it will go about leaving, or even whether it will leave in the end. But equally important is how the EU responds to Brexit: whether as an isolated case to be quarantined ...
Vivien Schmidt / Social Europe Journal   |   Fri, 1 Jul 2016 09:05:04

"The Solution To Brexit Lies In Eastern Europe" by Zoltán Pogátsa

However many reasons British voters had for voting to leave the European Union, it is generally agreed that resentment about immigration was at the top of their concerns. Economists have come forward over the years with numerous studies concluding that labour migration from the rest of the EU is beneficial ...
Zoltán Pogátsa / Social Europe Journal   |   Fri, 1 Jul 2016 09:04:24

How to start healing those Brexit family rifts

Victoria It has been an emotional month for many in the UK. After the sadness and anger that followed the tragic murder of MP Jo Cox, many people now feel fearful and apprehensive as the consequences of the EU referendum begin to reveal themselves. It has also been a divisive ...
Lucy Blake, Research Associate at the Centre for Family Research, University of Cambridge / The Conversation   |   Fri, 1 Jul 2016 09:01:42

Alphachat: Fact-checking Brexit claims with Tim Harford

Alphachat is available on Acast , iTunes and Stitcher . Continue reading: Alphachat: Fact-checking Brexit claims with Tim Harford
Aimee Keane / FT Alphaville   |   Fri, 1 Jul 2016 09:00:10

How to Stay Afloat in Choppy High-Income Markets

Brexit has made at least one thing certain: markets are in for a stormy summer. Even so, there are steps that investors who rely on fickle global credit markets for income can take to stay afloat.
AllianceBernstein   |   Fri, 1 Jul 2016 09:00:00

Around 20 banks, unfazed by Brexit, to invest 500 million sterling in Britain: PwC

LONDON (Reuters) - Around 20 startup banks and financial firms have reaffirmed plans to invest a total of up to 500 million pounds ($664.95 million) to open in Britain, consulting firm PwC said on Friday. These investment plans will be a boost for Britain's financial services sector, beset by rumors ...
Business Insider   |   Fri, 1 Jul 2016 08:55:05

How divided is the UK post-Brexit vote?

Hate crimes are on the rise in UK after Brexit vote.
Al Jazeera   |   Fri, 1 Jul 2016 08:51:01

Economists, Brexit and the Media: Epilogue

In a thoughtful piece, Paul Johnson of the IFS says that economists must take some of the blame for not getting our message across. In fact he says: "But it is always a mistake simply to look at the media as a scapegoat. The real failings were with my profession." ...
Mainly Macro / Mainly Macro   |   Fri, 1 Jul 2016 08:40:00

Tumble in Japan bond yields after Brexit renews pressure on BOJ

TOKYO, July 1- Ultra-long Japanese government bond yields sank to record lows this week after Britain voted to exit the European Union, in a fresh blow to the Bank of Japan's efforts to beat deflation. "It would be more difficult for the BOJ to come up with a new easing ...
CNBC   |   Fri, 1 Jul 2016 08:37:00

Justice Secretary Gove to spell out post-Brexit plans

Justice Secretary Michael Gove plans to spell out his plans for Britain's post-European Union future as he intensifies his bid for the Conservative Party leadership
U.S. News   |   Fri, 1 Jul 2016 08:31:06

Brexit: Huge Spanner in the Works - Negotiation of New UK Trade Deals Verboten Till Exit Complete

does not even begin to describe how hard it will be for the UK to strike post Brexit trade deals. Negotiations cannot begin until the UK has left the EU.
Yves Smith / Naked Capitalism   |   Fri, 1 Jul 2016 08:30:23

Brexit is going to totally screw up Europe's manufacturing renaissance

The European manufacturing sector saw its recovery accelerate in June, but Britain's vote to leave the European Union could bring that recovery to a total standstill, according to the latest PMI data released by Markit on Friday morning. Markit's PMI reading for June showed that the continent's manufacturers enjoyed their ...
Will Martin and Will Martin / Business Insider   |   Fri, 1 Jul 2016 08:23:40

Why Brexit Persuaded Me To Vote For Hillary Clinton

Image credit: istockFeaturedvia Politico Last Friday, people across the United Kingdom woke up shocked to learn that their nation had actually voted to leave the European Union. More than a million people now reportedly would like to change their vote from "leave" to "remain"; more than 3 million signed a ...
Kori Schake / Hoover Institution   |   Fri, 1 Jul 2016 08:11:00

This is what European fund managers are betting on to help them battle through Brexit

Traders and fund managers have a tough time ahead of them after Britain voted for a Brexit - a British exit from the European Union. Stocks are all over the place, the plunge in sterling is wreaking havoc on various asset classes, and the UK's economic outlook is pretty grim. ...
Lianna Brinded / Business Insider   |   Fri, 1 Jul 2016 08:10:17

What Does A Post-Brexit Future Look Like For Britain?

By Linda Yueh As the UK contemplates its future with Europe, what's needed now is a parallel pursuit of free trade agreements (FTAs) with the other major economies. Trade agreements take years, as will Britain's negotiations with the European Union, so the sensible approach is to start talks with the ...
London Business School Review, Contributor / Forbes   |   Fri, 1 Jul 2016 08:07:00

It's Time for a U.S.-U.K. Free-Trade Agreement

"It is not given to us to peer into the mysteries of the future. Still I avow my hope and faith, sure and inviolate, that in the days to come the British and American peoples will, for their own safety, and for the good of all, walk together in majesty, ...
National Review   |   Fri, 1 Jul 2016 08:00:00

European Cities Battle for London's Finance Crown

Following the U.K.'s vote to leave the European Union, London's position as the continent's premier financial center is under threat, and officials in Paris, Frankfurt and Dublin aren't wasting time in trying to hasten its downturn.
WSJ   |   Fri, 1 Jul 2016 07:51:43

Beyond fake promises and blind faith, is there a glimmer of hope for post-Brexit NHS politics?

The main 'leave' narrative blamed the wrong people, but people may yet realise they've been duped - and there are some interesting flashpoints ahead. Image: Flickr/Geoff Holland I am furious with those on the left who advocated Leave. Whatever their motives, that judgement was blind to the upsurge of racism ...
Greg Dropkin / Open Democracy   |   Fri, 1 Jul 2016 07:49:40

Four days and counting: The stock market rally continues

European stocks are extending their rally into a fourth day as investors continue to shrug off the initial shock of Britain's vote to leave the European Union. Stocks initially tanked after the Brexit vote but have now roared back and are in their fourth day of positive trading. In Britain, ...
Business Insider   |   Fri, 1 Jul 2016 07:45:06

Week Ahead - BOE Reacts To Brexit Vote

Seeking Alpha   |   Fri, 1 Jul 2016 07:32:52

If The UK Economy Tanks, Don't Blame Brexit

Submitted by Frank Shostak via The Mises Institute, Last Thursday, the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain's exit from the European Union as bad news for economic growth in the UK and the eurozone. As a result, it is ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 07:30:00

Brexit-hit housebuilders are bargains

Sector sell-off leaves stock looking better value than house prices
FT   |   Fri, 1 Jul 2016 07:29:10

This is what Britain losing investment looks like - but it also helps explain the Brexit vote

South East Asia's third largest bank, United Overseas Bank, has stopped funding mortgages for UK properties, one of the first examples of investment in Britain drying up in the wake of the Brexit vote. The Times quotes a spokesperson for the Singapore lender as saying: "As the aftermath of the ...
Oscar Williams-Grut / Business Insider   |   Fri, 1 Jul 2016 07:28:52

$A continues to rise as Brexit fears fade

The Australian dollar is edging closer to 75 US cents, as concerns about Brexit fade and the RBA's next rate decision nears.
SMH   |   Fri, 1 Jul 2016 07:24:05

Brexit is already affecting our startup - enquiries are dropping

A small agency says clients have become jittery over the topic of future marketing budgets following the UK's vote to leave the EU As the small business community reels from the shock that Britain is to leave the EU, at our startup marketing agency Move Digital it felt as if ...
Guardian Staff / Guardian   |   Fri, 1 Jul 2016 07:22:35

Was Brexit Fear a Giant Hoax Or Is This the Calm Before the Next Storm?

Was Brexit Fear a Giant Hoax Or Is This the Calm Before the Next Storm? Here is a latter portion of this informative article by Ambrose Evans-Pritchard of The Telegraph: Yet it should be dawning on European politicians by now that the economic fates of the UK and the eurozone ...
Proactive Investors   |   Fri, 1 Jul 2016 07:20:00

Gilt yields at record lows on Brexit fallout

Stocks supported by prospect of more central bank stimulus
FT   |   Fri, 1 Jul 2016 07:14:41

UK shares push higher on Carney speech

UK shares rise for a third day, after Bank of England governor Mark Carney hinted at fresh stimulus measures following the Brexit vote.
BBC   |   Fri, 1 Jul 2016 07:12:36

OPM pours cold water on Busuttil's calls for a united Brexit front

Though the Office of the Prime Minister has welcomed in principle the Opposition's offer to form a united front to deal with the Brexit challenges, such a scenario still looks unlikely, at least for the time being. Exactly a week ago, Opposition leader Simon Busuttil extended "a hand of cooperation" ...
Keith Micallef / Times of Malta   |   Fri, 1 Jul 2016 07:12:03

Shares rise on Brexit rate cut prospect - business live

Markets are up after Mark Carney said the Bank of England could cut interest rates following the Brexit vote 8.06am BST Good morning. This time last week Britain was waking up to the news that it had voted to leave the European Union. The outcome sent shockwaves through global markets, ...
Angela Monaghan / Guardian   |   Fri, 1 Jul 2016 07:06:51

Brexit live - Pound falls on Carney comments

Labour leader Jeremy Corbyn could face a leadership challenge
FT   |   Fri, 1 Jul 2016 07:03:53

Market close to recovering Brexit losses

The share market has continued to rise on easing Brexit fears, though falls among the big banks kept the gains to a modest level.
SMH   |   Fri, 1 Jul 2016 06:56:32

EUR/USD waits for PMIs near 1.1080

The dingle currency is following the rest of the riskier assets southwads today, sending EUR/USD to the area of 1.1080. EUR/USD lower on risk, Brexit
Pablo Piovano / FX Street   |   Fri, 1 Jul 2016 06:40:09

Brexit stirs eurozone break-up fears

Asset managers are concerned that Britain leaving the EU could trigger the end of the euro
FT   |   Fri, 1 Jul 2016 06:30:28

GLOBAL MARKETS-Asia stocks up as risk appetite recovers, pound under fresh pressure

SINGAPORE/ TOKYO, July 1- Asian stocks rose on Friday and European markets were expected to follow as investors continued to recover from last week's Brexit shock, but the pound came under fresh pressure after the Bank of England's governor hinted at an interest rate cut ahead. Financial spreadbetters expected Britain's ...
CNBC   |   Fri, 1 Jul 2016 06:30:00

Share market finishes higher

The share market has closed slightly higher as risk-aversion in the wake of Brexit calms for the moment.
SMH   |   Fri, 1 Jul 2016 06:25:22

ECB mulls relaxing QE rules post-Brexit: Report

The ECB could relax the rules for bond-buying in the wake of the Brexit vote. Barnaby Martin, head of European credit strategy at BofA Merrill Lynch Global Research, discusses.
CNBC   |   Fri, 1 Jul 2016 06:25:00

NZD/USD tests post-Brexit highs, then retreats

The NZD/USD pair extends its bullish run into a fourth-day today, having reversed more-than half the Brexit-induced slide, as the recovery in oil and
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 06:22:46

Fed: No longer expect to hike rates in 2016 - RBS

Research Team at RBS, suggests that in the wake of the Brexit vote, they no longer expect the Fed to hike rates in 2016 and, for now, are removing any
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 06:22:26

No Brexit-style election shock for market

The best election result for investors would be a clear majority, but the concern is minor parties will again control the Senate, market watchers say.
SMH   |   Fri, 1 Jul 2016 06:16:23

China: CPI slowdown continues to give PBOC a chance to cut - MUFG

Research Team at MUFG, suggests that without Brexit, DXY would have fallen a couple of points in June. Key Quotes "As it stands, it's pulling back f
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 05:42:55

Japan can learn from Brexit vote

People in the U.K. must be proud of having taken part in this historic referendum, whichever side they voted for ("Britain shocks world with vote to exit EU," June 25). They showed the rest of the world that it is people, not politicians, who make the final decision on the ...
Japan Times   |   Fri, 1 Jul 2016 05:35:27

The Macroeconomics of Brexit: Motivated Reasoning?

Sloppy thinking is always a vice.
Paul Krugman / Paul Krugman - Blog   |   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

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

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

Italy rescues bank after EU plea snubbed

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

UK looks China and India after Brexit

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

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

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