lgreens Boots Alliance is due to report quarterly results Wednesday, and investors will be looking for updates on a pending merger, the pharmacy chain's cost-saving efforts and any early read on the currency fallout from the Brexit.
Shreya Agarwal, Forbes Staff / Forbes | Tue, 5 Jul 2016 22:14:00
In a month dominated by speculation over Brexit vote, exchange traded fund flows over June revealed that investors hedged riskier equity bets with gold and low volatility options. Gold ETFs have been the shining asset category of the year and June inflows showed that the precious metal still held a ...
ETF Trends | Tue, 5 Jul 2016 22:06:41
In the past few months, I have received a lot of feedback and criticism over my use of forward 12-month EPS estimates, such as the chart below that appeared in last weekend`s post (see Brexit panic: A gift from the market gods?). I would like to clarify why this form ...
Humble Student of the Markets | Tue, 5 Jul 2016 21:00:00
* 10-yr yield hits record low of 1.357 pct * 30-yr yield hits record low of 2.131 pct * UK unveils stimulus measures in wake of Brexit vote * Fed rate hike seen on hold through 2017 ...
Reuters | Tue, 5 Jul 2016 20:59:48
CNBC's Kelly Evans was joined by Larry Fink, Paul Singer and David Rubenstein to discuss investment outlook and market approach.
CNBC | Tue, 5 Jul 2016 20:58:00
Roundup: A renowned filmmaker passes, the art world's 'Brexit' cluelessness, George Lucas eyes San Francisco
An influential Iranian filmmaker has died. How the art world gets "Brexit" all wrong. And helpful advice for George Lucas on how he might actually get his museum of narrative art built. Plus, President Obama's library architects, the Orange County Museum of Art moves forward with move plans and...
Carolina A. Miranda / LA Times | Tue, 5 Jul 2016 20:40:00
Stocks were in a bit of a slump today, understandable after the sharp run up in the post-Brexit surge of devil-may-care confidence by the ubermenschen. So, all in all, just a minor swing, a brief setback in the technocracies plans to rule them all with the one ring of neoliberal ...
Jesse's Café Américain | Tue, 5 Jul 2016 20:15:00
Another day, another resignation.This time, it's Nigel Farage, the leader of the U.K. Independence Party, who has taken the back door out. It is the sunset of a political career that was full of ups and downs and plenty of uncertainty before it culminated in the greatest of victories: the ...
National Review | Tue, 5 Jul 2016 20:05:01
Seemed appropriate for today... Bullion and bonds continue to dramatically outperform post-Brexit... Following the best week for stocks in two years, having failed to reach the pre-Brexit highs, stocks rolled over today led by Trannies and Small Caps... Post-Brexit Trannies and Small Caps are also the biggest losers... Futures show ...
Zero Hedge | Tue, 5 Jul 2016 20:04:19
German exchange seeks to allay political fears over post-Brexit London HQ
FT | Tue, 5 Jul 2016 19:43:06
The Canada deal is seen as a test run for how the EU will deal with Brexit and other fallout from the British referendum that sent shock waves through global financial markets
OMAR ALLAM / Globe and Mail | Tue, 5 Jul 2016 19:42:36
We are only halfway through 2016 and it has already become a year in which politics in the U.S. and United Kingdom has thrown serious doubt about what the future will look like. In the U.S. Presidential race, Senator Bernie Sanders and Donald Trump have represented in very different ways, ...
Simon Mainwaring, Contributor / Forbes | Tue, 5 Jul 2016 19:37:00
The Brexit vote has compounded strains in a banking system burdened by sour loans.
WSJ | Tue, 5 Jul 2016 19:12:56
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 | Tue, 5 Jul 2016 19:09:57
Supermarket chain reveals implications of £1.4bn deal to merge with Argos owner in document that warns of the potential post-Brexit risks to UK economy Sainsbury's has warned that up to 600 head office jobs are at risk in its £1.4bn takeover of Argos owner Home Retail Group, but promised the ...
Zoe Wood / Guardian | Tue, 5 Jul 2016 19:07:25
Global growth concerns are back thanks to Brexit--and they're walloping shares of United Continental ( UAL ), American Airlines ( AAL ), and Delta Air Lines ( DAL ), who do plenty of business overseas. It didn't help that Delta said its passenger revenue per available seat mile, or PRASM, ...
Stocks To Watch | Tue, 5 Jul 2016 18:50:55
Netflix, Inc. (NASDAQ:NFLX) was on the receiving end of two opposite analyst reports on Monday as one analyst downgraded it while another had high praise. Needham analysts are concerned about threats to the company's international expansion efforts due to Brexit, [...]
Value Walk | Tue, 5 Jul 2016 18:41:36
The post-Brexit upsurge in hate crime must be stamped on
FT | Tue, 5 Jul 2016 17:23:54
A member of the Conservative Party was caught on camera sharing candid comments about his colleagues seeking the party’s leadership.
SEWELL CHAN / NY Times | Tue, 5 Jul 2016 17:17:27
The Brexit vote will force the next U.K. prime minister to make a significant choice: Whether to control immigration into the country, or preserve the pre-eminence of the country's financial center, known as the City of London. Doing both appears ...
IGM Forum | Tue, 5 Jul 2016 17:04:10
We can guess where Farage would stand on this if he didn't have a German wife.Nigel Farage, the outgoing Ukip leader, has been on LBC this morning. He has joined the large chorus of Brexit politicians (and remain ones too) criticising Theresa May for refusing to promise EU nationals living ...
Eschaton | Tue, 5 Jul 2016 17:00:00
The Brexit vote will force the next U.K. prime minister to make a significant choice: Whether to control immigration into the country, or preserve the pre-eminence of the country's financial center, known as the City of London. Doing both appears to be infeasible. That's because membership in the European Union, ...
Anil Kashyap / FiveThirtyEight | Tue, 5 Jul 2016 16:30:14
Will Brexit trigger the next financial crisis? Mike Mayo, CLSA Bank Analyst, weighs in on the financial sector and shares his play on banks.
CNBC | Tue, 5 Jul 2016 16:28:00
The British Pound is now down almost 14% from pre-Brexit spike highs at 1.5018, crashing to 1.3000 for the first time since June 1985...
Zero Hedge | Tue, 5 Jul 2016 16:19:05
M&G has joined Standard Life Investments and Aviva in suspending trading on its property fund in order to meet redemptions, amid a post-Brexit rush to exit the asset class.
Professional Pensions | Tue, 5 Jul 2016 16:18:00
Warnings from policymakers over the impact of a Brexit on the UK property sector failed to throw off the recovery in UK mortgage-backed spreads on Tuesday.
IFR | Tue, 5 Jul 2016 16:15:00
Since writing this report on June 25, The Banks have surged total Comex gold open interest by another 22,000 contracts or 3.5%, all in a desperate attempt to contain the "price" of gold below the post-Brexit highs. read more
TF Metals Report | Tue, 5 Jul 2016 16:14:24
As I mentioned this morning Standard Life has had to suspend withdrawals from one of its property funds in the wake of the Brexit vote. We're now seeing the same problem afflict another such fund, this one run by Aviva Investors. The problem here is akin to that problem that ...
Tim Worstall, Contributor / Forbes | Tue, 5 Jul 2016 16:12:00
While the picture is a little more mixed today in Italian banks, as it appears investors are picking winners and losers rather than just broadly dumping it all, Monte Paschi is a standout disaster. Having crashed 45% since Brexit and with CDS implying a 40%-plus probability of default, the major ...
Zero Hedge | Tue, 5 Jul 2016 16:00:48
Millions of EU citizens living in the U.K. are angry that the British government still hasn't confirmed they'll be able to stay once Brexit happens.
CNN | Tue, 5 Jul 2016 15:51:40
James Carden In one month, its government has been accused of hacking the DNC, orchestrating the Brexit, tacitly supporting Trump, and more.
The Nation | Tue, 5 Jul 2016 15:39:17
With Swiss rates negative to 50 years, the buying panic in US Treasury bonds continues, sending 10Y rates to 1.3666% - a new record low. As yields have collapsed post-Brexit...
Zero Hedge | Tue, 5 Jul 2016 15:14:19
Analysts Project 10% Increase For S&P Over Next Year by John Butters, FactSet Following a drop in price of 5.3% (to 2000.54 from 2113.32) during the two trading days after the "Brexit" vote, the S&P 500 index recorded an increase [...]
Value Walk | Tue, 5 Jul 2016 15:11:20
Dow futures are now down 200 points from the post-Brexit highs. Having failed to take out pre-Brexit levels, stocks are starting to catch down to fresh record low Treasury yields... What happens next?
Zero Hedge | Tue, 5 Jul 2016 15:02:03
Links to the best reading in funds investing: Oh boy... Standard Life Investments suspended redemptions in its UK Retail property fund in the way of heavy post-Brexit withdrawals - Economist And Aviva Investors also suspended redemptions in its property trust - The Wall Street Journal A closer look at trend-following ...
Focus on Funds | Tue, 5 Jul 2016 15:00:11
Shares of Apple ( AAPL ) are down $1.04, or 1%, a5 $94.85, after Citigroup 's Jim Suva this morning cut estimates for the company for sales of the current iPhone lineup, arguing both Brexit -induced macroeconomic uncertainty, and the lengthening of the replacement cycle, will hurt the company. Suva ...
Eric Savitz | Tue, 5 Jul 2016 14:59:36
Boris Johnson and Nigel Farage were mocked as the "sad heroes of Brexit" and in a blistering speech by EU Commission President Jean-Claude Juncker today. "Yesterday's shining heroes of Brexit have become the sorrowful heroes of today," Mr Juncker told the European Parliament. "They are retro-nationalists, not patriots. Patriots don't ...
Times of Malta | Tue, 5 Jul 2016 14:51:00
Here's a bold call. After the post-Brexit, face-ripping comeback in gold prices, Christopher Wood at CLSA believes that the precious metal is set up to more than triple in price. Since the start of 2016 gold bullion has gained 24.6%, said Wood who has been high on gold for some ...
Business Insider | Tue, 5 Jul 2016 14:46:06
An interesting "tip" in our mailbox today in the aftermath of the first of Standard Life and less than a day later, Aviva property funds, providing some intriguing perspectives on what UK asset managers are doing in light of the spike in post-Brexit confusion, the jump in volatility, and the ...
Zero Hedge | Tue, 5 Jul 2016 14:43:08
Citi analysts cut their estimates for Apple earnings, citing Brexit-related macroeconomic uncertainty as one of their reasons.
CNBC | Tue, 5 Jul 2016 14:42:00
With the Bank of England issuing new economic warnings post-Brexit today, Tim Adams, CEO of the Institute of International Finance weighs in on the long-term risks to the U.S. and global .
CNBC | Tue, 5 Jul 2016 14:32:00
Solid dividend-paying stocks make sense for the rest of this year. While it looks like the stress from the Brexit vote is over for the time being, other factors like the political conventions could... BA PFE T 247lee Pfizer
24/7 Wall St. | Tue, 5 Jul 2016 14:25:08
Standard Life and Aviva have suspended trading in nearly £5bn worth of funds following the Brexit vote. Should we be worried? Commercial property funds have emerged as a weak link in the financial sector in the wake of the Brexit vote. Two funds have been suspended in successive days and ...
Jill Treanor / Guardian | Tue, 5 Jul 2016 14:17:50
An abridged history of the racial and economic tensions that led to Brexit. "If you've got money, you vote in. If you haven't got money, you vote out." -Manchester working-class woman EU FOR DUMMIES LIKE ME: The European Union was invented by France and Germany, who wanted to ensure their ...
AlterNet | Tue, 5 Jul 2016 14:11:00
ES has been retracing somewhat overnight on Brexit fears and I understand that China's debt to GDP ratio is now in the 250% ratio, which is roughly 50% more than Greece but still significantly behind the world leaders in insanely reckless fiscal policy Japan. Given that everyone knows nowadays though ...
Tim Knight | Tue, 5 Jul 2016 14:10:18
I'm back, after a quiet week of Brexit fallout, a terrorist attack in Istanbul, terrorist attack in Saudi Arabia, a terrorist attack in Bangladesh, a bunch of huge Supreme Court decisions, Hillary's interview by the FBI, and Donald Trump's infamous "sheriff's star" tweet. Slow week!Relax, It's Just Routine Explosive Material ...
National Review | Tue, 5 Jul 2016 14:02:07
Sterling tumbled to a 31-year low against the dollar and oil dropped below $50 a barrel as concerns deepened over the impact of Brexit on the UK economy. Fears that a collapse in demand for new construction projects will panic spooked investors, depressing shares in housebuilders and property companies. Although ...
OANDA | Tue, 5 Jul 2016 13:59:59
LONDON (AP) - Former London Mayor Boris Johnson threw his support Tuesday behind one of the least-known Conservative Party leadership contenders - Energy Minister Andrea Leadsom - as the race to be Britain's next prime minister heats up in the tumultuous aftermath of its decision to leave the European Union.
Associated Press | Tue, 5 Jul 2016 13:52:08
The post-Brexit global risk-aversion make a remarkable comeback with the GBP/USD pair sinking below 1.3100 handle to touch its weakest level since 198
Haresh Menghani / FX Street | Tue, 5 Jul 2016 13:38:25
The troy ounce of the precious metal keeps the upper end of the recent range so far, trading below 2-year highs recorded post-'Brexit' vote just above
Pablo Piovano / FX Street | Tue, 5 Jul 2016 13:25:56
Kenneth Polcari, Director of O'Neil Securities weighs in on the market, Brexit, banks and earnings.
CNBC | Tue, 5 Jul 2016 13:22:00
Stocks look set for a lower open as last week's post-Brexit rally fades. Peter J. Smith for The Wall Street Journal S&P 500 futures have dropped 0.7%, while Dow Jones Industrial Average futures have declined 0.6%. Nasdaq Composite futures have fallen 0.7%. Tesla Motors (TSLA) has dropped 3.4% to $209.25 ...
Stocks To Watch | Tue, 5 Jul 2016 13:01:29
Investors worried about Brexit should consider utility stocks' performance and income.
Kira Brecht / U.S. News | Tue, 5 Jul 2016 13:00:00
Fund suffers a surge in requests by investors to redeem their investments because of fears of a property crash after Britain voted to leave the EU Aviva Investors has suspended dealing in its £1.8bn property fund a day after Standard Life made the same move, escalating fears about the UK ...
Sean Farrell and Graeme Wearden / Guardian | Tue, 5 Jul 2016 12:59:54
Brexit is part of a growing backlash but economic theory suggests globalisation can work for all if its winners compensate its losers The United Kingdom's narrow vote to leave the European Union had specific British causes. And yet it is also the proverbial canary in the coalmine, signalling a broad ...
Nouriel Roubini / Guardian | Tue, 5 Jul 2016 12:46:55
The UK's biggest insurer Aviva follows Standard Life to become the second firm in two days to suspend trading in a UK property fund following the Brexit vote.
BBC | Tue, 5 Jul 2016 12:36:54
BOE's Carney on Brexit; Release of New Financial Stability Report (BOE)It is now more likely that adjustments in commercial real estate could tighten credit conditions for UK businesses. Foreign flows of capital into commercial real estate fell 50% in the first quarter of 2016, transaction volumes have fallen further during ...
Bonddad Blog | Tue, 5 Jul 2016 12:06:00
A majority of investors are puzzled after the Brexit vote, but Fundstrat's Tom Lee says this may not be a bad thing.
CNBC | Tue, 5 Jul 2016 12:03:00
My two-for-Tuesday morning train reads: • The Myth Of Private Equity And Venture Capital Outperformance (ValueWalk) see also Hedge Funds Set for Worst First Half Since '11 on Turmoil (Bloomberg) • Emerging Markets Rise 5% in First Half of 2016 (Barron's) • Brexit Accelerates the British Pound's 100 Years of ...
The Big Picture | Tue, 5 Jul 2016 12:00:35
Nearly two weeks after a majority of Britons voted to split from the European Union, some consequences of "Brexit" are becoming clear. Clear as mud. All that has come into focus since the June 23 referendum are the issues that must be resolved, now that the people ostensibly have spoken. ...
Michael Hiltzik / LA Times | Tue, 5 Jul 2016 12:00:00
The Bank of England has said that Brexit risks are beginning to as it eased special capital requirements to help lubricate the financial system. The move should, in theory, help to free up £150bln for banks to lend to businesses and consumers, the BoE's Financial Policy Committee (FCP) said. "Three ...
Proactive Investors | Tue, 5 Jul 2016 11:47:00
Pound Tumbles to 31-Year Low as Its Post-Brexit Selloff Resumes (BBG) Bad Debt Piled in Italian Banks Looms as Next Crisis (WSJ) Stock Market to Bond Market: 'La-La-La I Can't Hear You' (WSJ) A Prime Minister, a Referendum and Italy's Turn to Get Worried (BBG) Brexit Vote Paralyzes Companies Across ...
Zero Hedge | Tue, 5 Jul 2016 11:40:55
By Yashaswini Swamynathan (Reuters) - U.S. stock index futures were lower on Tuesday, tracking a decline in oil prices, as investors shifted their attention to global growth worries post Brexit. * Data from China showed that the country's services sector activity rose to an 11-month high in June, but a ...
Business Insider | Tue, 5 Jul 2016 11:32:15
Tory leadership contest: Betting odds and poll predictions on who is favourite to become Prime Minister
Daniel Dunford / Telegraph | Tue, 5 Jul 2016 11:23:44
Take one portfolio of illiquid building things, stir in some financial magic, liquidise, then bake for a few years in a market exposed to UKIP risk. Once Brexited remove carefully from the baking dish in the hope of not disturbing the liquid layer. It's probably ready, even if the surface ...
FT Alphaville | Tue, 5 Jul 2016 11:18:08
Bank of England governor Mark Carney once again moved to soothe the markets and British households at a press conference on Tuesday, stressing that the Bank is doing everything it can to ensure stability. "We're doing our job so that the British people can do theirs," he said. Markets around ...
Business Insider | Tue, 5 Jul 2016 11:15:31
The USD/JPY pair remained well offered and extended its slide further below 102.00 handle towards post-Brexit lows to currently trade around 10-pips o
Haresh Menghani / FX Street | Tue, 5 Jul 2016 11:14:15
Bank of England Eases Rules for Banks to Meet Brexit Challenge ECB's Angeloni Sees Trade-off Between Competition, Stability in Banking Switzerland Orders UBS to Hand [...]
Eddy Elfenbein | Tue, 5 Jul 2016 11:05:57
The Tory leadership frontrunner met Sir Richard last week to discuss his fears for the UK's post-Brexit economy, Sky News learns.
Sky | Tue, 5 Jul 2016 11:02:09
Must-Read Op-Eds: The Morning Joe panel discusses the fallout from the Brexit vote and Hillary Clinton's record on foreign policy.
MSNBC | Tue, 5 Jul 2016 10:43:44
The change in rhetoric coming from the B of E almost makes it sound as if they are going to let us go into recession and then blame it on the Brexit vote!
House Price Crash | Tue, 5 Jul 2016 10:24:41
Tuesday July 5: Five things the markets are talking about Post Brexit jitters this morning has returned to hurt the pound, putting an end to last week's relief rally, and push sterling to a new two-and-a-half year low against the EUR. Today's instigators are the news of Standard Life Investments ...
OANDA | Tue, 5 Jul 2016 10:11:16
Restless Peasants First, a few quick words on Brexit. Being the always positive and optimistic person that I am (big grin), I see one very positive outcome of Brexit - it is a revolution without bloodshed. The peasants are getting restless... Illustration via squadron.com For once, I'm not digressing. Brexit ...
Acting Man | Tue, 5 Jul 2016 10:02:22
More cuts could be on the way.
Here Is The City | Tue, 5 Jul 2016 10:00:08
The Brexit referendum has raised a question for many people on the losing side: How democratic do we want to be? The post U.K. referendum: Just when should the majority rule? appeared first on The Japan Times .
Doug Bandow / Japan Times | Tue, 5 Jul 2016 09:59:25
The PMI surveys indicate that the pace of UK economic growth slowed to just 0.2% in the second quarter, losing further momentum in June as Brexit anxiety intensified.
Markit | Tue, 5 Jul 2016 09:56:07
Pound slides and stocks falter as Brexit feeds growth fears
FT | Tue, 5 Jul 2016 09:40:39
New figures indicate that economic growth slowed to just 0.2% in the second quarter as anxiety over a Brexit vote intensified.
Sky | Tue, 5 Jul 2016 09:15:49
VideoStandard Life has had to stop sales of shares in one of its UK property funds. The immediate cause is Brexit and the opinions of people as to what this means for commercial property values in Britain following the referendum. The underlying cause though is that such open ended funds ...
Tim Worstall, Contributor / Forbes | Tue, 5 Jul 2016 09:09:00
The services sector activity in the UK economy showed a sharp deterioration in June, snapping May's rebound in wake of the looming Brexit-related unce
Dhwani Mehta / FX Street | Tue, 5 Jul 2016 08:38:58
Government debt rally gains fresh impetus amid renewed market nerves following Brexit vote
FT | Tue, 5 Jul 2016 08:15:22
The fifth week of June 2016 had another Lévy flight event for the S&P 500, following very quickly after the Brexit-driven event of Week 4, only now in the opposite direction from what we saw last week. In the animated image below, we're showing the trajectory of the S&P 500 ...
Political Calculations | Tue, 5 Jul 2016 08:04:00
Mark Carney to give his second post-Brexit speech, Tories hold their first leadership ballot and Persimmon puts on a brave face. FT Opening Quote , with commentary by City Editor Jonathan Guthrie , is your early Square Mile briefing. You can sign up for the full newsletter here. Continue reading: ...
FT Alphaville | Tue, 5 Jul 2016 07:41:57
Some influential figures in France have suggested that a deal which allows Britain to carry out immigration checks on the French side of the Channel should be scrapped, after the UK voted to leave the EU.
BBC | Tue, 5 Jul 2016 07:08:55
Research Team at Westpac, suggests that with the backdrop of ongoing Brexit risks, a likely unchanged Fed for the rest of the year and domestic politi
Sandeep Kanihama / FX Street | Tue, 5 Jul 2016 06:44:25
The decision by the majority of U.K. voters to leave the European Union (EU) will not affect banking operations, the vice chairman of Barclays told CNBC, adding that the bank had been prepared for the vote.
Here Is The City | Tue, 5 Jul 2016 06:39:53
Good morning from London. Here's essential reading today from WSJ City
MoneyBeat | Tue, 5 Jul 2016 06:37:08
An unconventional, sometimes incoherent, resistance arises to the elites who keep explaining why changes that hurt the middle class are actually for its own good. The Great Rebellion is on and where it leads nobody knows. Its expressions range from Brexit to the Trump phenomena and includes neo-nationalist and unconventional ...
New Geography | Tue, 5 Jul 2016 05:38:33
The decision by the majority of U.K. voters to leave the EU will not affect banking operations, the vice chairman of Barclays told CNBC.
CNBC | Tue, 5 Jul 2016 05:19:00
Bloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsBloomberg NewsInvestors Look to Earnings, Oil for Gains in U.S. Stocks As the Dow Jones Industrial Average recovers from its Brexit-related slide, investors are wondering what could send U.S. stocks to new highs.Abreast of the MarketNeeded: Fuel ...
WSJ | Tue, 5 Jul 2016 04:51:52
The Reserve Bank has held the cash rate steady at 1.75 per cent amid uncertainty about the Brexit vote and low inflation.
SMH | Tue, 5 Jul 2016 04:44:09
Focus on RBA and BoE policy meetings as global easing expectations grow post-Brexit
FT | Tue, 5 Jul 2016 04:17:02
Barclays Vice Chairman says Barclays is well prepared for the volatility ahead and Brexit does not change its scaling-back strategy in Asia.
CNBC | Tue, 5 Jul 2016 04:15:00
As a British citizen who has lived very happily in Malta for the past 16 years, I have to say I am deeply saddened by the instances of overt racial hatred that have sprung up, in England, in particular, since the referendum on the EU. Brexit has been voted for ...
Simon Walker, Gargur / Times of Malta | Tue, 5 Jul 2016 04:01:03
Mr. Farage, the politician who probably did more than any other to force the referendum on British membership in the European Union, resigned on Monday.
Sewell Chan | Tue, 5 Jul 2016 04:00:00
Today's Headlines Bloomberg: U.K. Business Expectations Fall 'Off a Cliff' After Brexit Vote. U.K. business confidence dropped and pessimism about the economic outlook almost doubled in the week after Britain voted to leave the European Union, according to a survey. An index published by YouGov Plc and the Centre for ...
Between the Hedges | Tue, 5 Jul 2016 03:33:00
Focus on RBA and BoE policy meetings as global easing expectations grow post-Brexit
FT | Tue, 5 Jul 2016 03:14:34
Lee Il Woo Global Governance, Asia ASEAN is no NATO. Amid the global attention on the uncertainties of the global economy, if not the global order as we know it due to Brexit, commentaries and forecasts are left in a frenzy, leaving some to wonder whether the United States has ...
National Interest | Tue, 5 Jul 2016 02:43:00
CBRC's Andrew Sheng says he is confident that global markets will be able to withstand any potential Brexit-related liquidity shocks.
CNBC | Tue, 5 Jul 2016 01:52:00
As the Dow recovers from its post-Brexit slide, investors are wondering what could send U.S. stocks to new highs. Gains could hinge on corporate earnings growth, which has been missing for several quarters.
WSJ | Tue, 5 Jul 2016 01:16:25
David Cameron has just resigned as UK prime minister after unexpectedly losing the Brexit referendum; Shinzo Abe's economic reforms are running out of steam in Japan; and male politicians as varied as Francois Hollande in France, Petro Poroshenko of Ukraine and Mexico's Enrique Pena Nieto are struggling with their poll ...
CNN | Tue, 5 Jul 2016 01:11:45
By Hideyuki Sano TOKYO (Reuters) - Asian shares stepped back after five straight days of gains on Tuesday as investors took stock of a rally driven by the hope that central banks will provide stimulus to offset a likely downturn triggered by Brexit. MSCI's broadest index of Asia-Pacific shares outside ...
Business Insider | Tue, 5 Jul 2016 00:42:09
For the next two minutes your politics and positions don't matter, this is smooth. From OffGuardian: Has Brexit triggered an anti-democractic "Color Revolution"? It's important to remember, it was never supposed to get his far. The Prime Minister didn't want it. The Chancellor didn't want it. The Queen didn't want ...
Climateer Investing | Tue, 5 Jul 2016 00:38:00
Uncertainty about a possible hung parliament and concerns about the Brexit vote have wiped out any chance of an interest rate cut this month, analysts say.
SMH | Tue, 5 Jul 2016 00:24:08
From FT Alphaville: If you voted for Brexit and like open-ended UK property funds, we have some bad newsFrom Standard Life Investments as it suspends trading in its £2.9bn UK real estate fund (one of the UK's largest) because of post-referendum redemption requests:Updating with actual press release: STANDARD LIFE INVESTMENTS ...
Calculated Risk | Mon, 4 Jul 2016 23:59:00
Boris Johnson backs Brexiteer energy minister Andrea Leadsom to be next PM, as Tory MPs vote on the leadership today.
Austrailian | Mon, 4 Jul 2016 23:39:00
Investors are not expecting a rate cut today, but will watch for hints of an August cut and any mention of the Brexit, says NAB's Ivan Colhoun.
CNBC | Mon, 4 Jul 2016 23:04:00
If you are in the media these days, the most common feeling is that of incredulity as developments seem to constantly upend media expectations and assumptions. Well, now, put Facebook in the category of Donald Trump and Brexit.
USA Today | Mon, 4 Jul 2016 23:02:02
The Brexit vote has compounded strains in a banking system burdened by sour loans.
WSJ | Mon, 4 Jul 2016 22:49:55
The metal has jumped 28 per cent since the start of June, but the gains have accelerated since the Brexit vote on June 23
Peter Koven / Financial Post | Mon, 4 Jul 2016 22:47:24
Hong Kong's financial secretary John Tsang Chun-wah warned recently that the city's economy is facing its "worst time in 20 years". In the past half a decade, growth has more than halved to close to 2.5 percent. With Brexit chills, [...]
Value Walk | Mon, 4 Jul 2016 22:09:52
There have been two developments that are shaping investment climate. The first was the dramatic rally in equity markets last week, with many recovering nearly all that was lost on the Brexit wobble. The second was clear indications that the UK will not begin the formal divorce proceedings in the ...
Marc to Market | Mon, 4 Jul 2016 20:21:27
The EU referendum was a classic test of the concept of media framing of deliberation. Yet, it perhaps ended up demonstrating that it is politicians and the public who set the agenda and that the news media has short-term, shallow but significant effects. No one can say that the media ...
Charlie Beckett | Mon, 4 Jul 2016 19:54:10
1. A revisionist take on Elie Wiesel. 2. Ringo Starr endorsed Brexit, as indeed John Cleese had earlier. 3. Krugman on the aggregate effect of the China trade shock. 4. "I have a serious reason for raising my cats gender neutral." That's about Judith Butler. There is also this part: ...
Marginal Revolution | Mon, 4 Jul 2016 19:44:58
Mr. Farage, the politician who probably did more than any other to force the referendum on British membership in the European Union, resigned on Monday.
STEPHEN CASTLE and STEVEN ERLANGER / NY Times | Mon, 4 Jul 2016 19:37:08
The decision by the insurer’s mutual fund was a response to panicked investors looking to pull their assets following the referendum last month.
DealBook | Mon, 4 Jul 2016 19:26:22
You see a lot of recent talk about the message being sent by voters, especially in the US and Europe. For instance, both the Trump phenomenon and Brexit are widely seen as a revolt of the struggling working class against the affluent elites. Like many generalizations, there is a grain ...
Money Illusion | Mon, 4 Jul 2016 18:54:39
The momentum is with Leadsom, she has more public support from MPs than the two other Brexit candidates. Guido is going to stick his neck out and say that the next Prime Minister is going to be a woman. Talking to rank and file Tories the Boricide has gone as ...
Guy Fawkes' blog | Mon, 4 Jul 2016 18:41:19
Some cannot recall spell at Barclays, but those from corporate governance days says she is best qualified for Brexit negotiations Andrea Leadsom launched her parliamentary career by recalling her own small part in one of the most seismic of City disasters. One of the topics of her maiden speech in ...
Simon Goodley / Guardian | Mon, 4 Jul 2016 18:35:16
Firm closes £2.9bn commercial fund citing 'exceptional market circumstances' in reportedly first such UK closure since the financial crisis Investors in Standard Life's property funds have been told that they cannot withdraw their money, after the firm acted to stop a rush of withdrawals following the UK's decision to leave ...
Hilary Osborne and Jill Treanor / Guardian | Mon, 4 Jul 2016 18:06:35
Peter Spence / Telegraph | Mon, 4 Jul 2016 18:00:31
Brexit is casting its shadow over everything, and the housing sector is suffering more than most, so Persimmon's trading update could provide some cheer. The update is likely to be robust, although investors will focus on any difference in business before and after the vote result. Reports have suggested the ...
Proactive Investors | Mon, 4 Jul 2016 17:30:00
CNN. / World Affairs | Mon, 4 Jul 2016 17:21:48
Uncertainty costs could be outweighed by move to cheaper locations
FT | Mon, 4 Jul 2016 17:21:04
Rural Maryland voters see parallels to the popular outrage that fuelled the UK's Brexit vote
FT | Mon, 4 Jul 2016 17:05:30
AFTER the initial post-Brexit sell-off in sterling and equities, financial markets had quietened down in the wake of the shock referendum result. The FTSE 100 even moved ahead of its pre-Brexit level.
Philip Coggan | Mon, 4 Jul 2016 16:54:29