Brexit News Archive: 05 Jul 2016

What To Watch In Walgreens Q3 Results

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

ETF Investors Jumped Into Gold, Value Plays Over June

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

How to beat Wall Street analysts at their own earnings game

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

TREASURIES-U.S. benchmark, long-dated yields hit record lows on global uncertainty

* 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

3 market titans on investing

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

SP 500 and NDX Futures Daily Charts - Minor Swing

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

Nigel Farage Bows Out

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

Banks Battered As Bond Yields 'Comey-kaze' Dive To Record Lows

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

D Börse eyes dual holding after LSE merger

German exchange seeks to allay political fears over post-Brexit London HQ
FT   |   Tue, 5 Jul 2016 19:43:06

With CETA in peril, Canadian business needs to rally behind Ottawa

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

Trump, Brexit and the Dueling Narratives That Will Determine Our Future

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

Bad Debt Piled in Italian Banks Looms as Next Crisis

The Brexit vote has compounded strains in a banking system burdened by sour loans.
WSJ   |   Tue, 5 Jul 2016 19:12:56

Low-Yield Blues? Corporate Bonds Are the Last Ones Paying

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

Sainsbury's says 600 jobs could go in Home Retail Group takeover

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

Airlines: A Brexistential Crisis?

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. (NFLX) Downgraded By One Firm, Added To Best Ideas By Another

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

UK should have no truck with xenophobia

The post-Brexit upsurge in hate crime must be stamped on
FT   |   Tue, 5 Jul 2016 17:23:54

Briefing: Conservative Backbiting; Labour Civil War; Welsh Regrets?

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 U.K. Can't Block Immigration If It Wants To Keep Its Finance Industry

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

Out-Leaving UKIP

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 U.K. Can't Block Immigration If It Wants To Keep Its Finance Industry

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

Good & bad news for US banks: Analyst

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

Cable Crashes To 1.3000 - Lowest In 31 Years

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

Aviva, M&G and SLI suspend trading on flagship property funds

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

UK MBS ticks on despite red flags from policymakers

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

Onward Toward Bullion Bank Collapse - UPDATED

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

Aviva's The Second Property Fund To Suspend Withdrawals - Time To Look At That Liquidity Mismatch

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

Saxo Fears "Cascading Implosion" As Italian Bank Collapse Continues

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

EU migrants: We're not Brexit 'bargaining chips'

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

The Media's Incessant Barrage of Evidence-Free Accusations Against Russia

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

US Treasury Yields Crash To New Record Lows

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 500 Over Next Year

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

What Happens Next?

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

A.M. Funds Roundup: Redemptions Suspended in Two U.K. Property Funds

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

Apple: Citi Cuts Estimates, but Sees 2017 as Something to Look Forward to

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

Watch: Johnson, Farage are who 'abandon ship': Juncker

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

The collapse of the monetary system as we know it will push gold to $4,200

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

Something Interesting From The Rumor Bag: The Next Big Risk For UK Stocks?

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 trims Apple earnings estimates

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

This is going to be a long complex divorce: Pro

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

Jefferies Makes Major Change to Franchise Picks Stock Portfolio

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

Commercial property fund freeze - all you need to know

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

Are the Brits Crazy or Just Pissed Off and Unheard Till Now?

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

Backtesting Broken Resistance As Support

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

Relax, It's Just Routine Explosive Material in a Bag!

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

GBP Falls to 31 Year Low After Weak Service PMI

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

Boris Johnson backs 'Brexiteer' Andrea Leadsom in Tory race

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

GBP/USD plunges below 1.3100 handle to fresh 31-year low

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

Gold inter-markets: upside intact around 2-year tops

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

Kicking off the market week

Kenneth Polcari, Director of O'Neil Securities weighs in on the market, Brexit, banks and earnings.
CNBC   |   Tue, 5 Jul 2016 13:22:00

Morning Movers: Tesla Tanks on Delivery Miss; Rowan Sinks

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

How to Defend Your Portfolio With Utilities

Investors worried about Brexit should consider utility stocks' performance and income.
Kira Brecht / U.S. News   |   Tue, 5 Jul 2016 13:00:00

Aviva halts trading in its property fund

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

Globalisation is dented but not doomed

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

Aviva suspends property fund due to 'extraordinary' conditions

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

Bonddad Monday Linkfest

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

Tom Lee: Investors are confused

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

10 Tuesday AM Reads

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

The 'Brexit' crisis from the ground up: Will Britain leave Europe - and should it?

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

Trending: Carney's up again, housebuilders suffer and the BHS saga drags on

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

Frontrunning: July 5

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

Stock futures lower amid global growth worries

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

A REIT liquidity mismatch

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

CARNEY: 'We have a clear plan and it is working'

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

USD/JPY sinks to 101.75 on global risk-aversion

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

Morning News: July 5, 2016

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

Branson And May Meet As Tycoon Demands New Poll

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

Clinton foreign policy record alarms...

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

BBC News: Consumers warned on high debt levels as bank regulations eased

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

The Pounds Relief Rally is Officially Over

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

Housing Affordability - A Dose of Reality

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

Tough love from bank bosses - Just be glad you have a job

More cuts could be on the way.
Here Is The City   |   Tue, 5 Jul 2016 10:00:08

U.K. referendum: Just when should the majority rule?

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

UK PMI signals near-stalling of economy in June

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

Treasury yields hit record lows

Pound slides and stocks falter as Brexit feeds growth fears
FT   |   Tue, 5 Jul 2016 09:40:39

Growth Slowdown Adds To Rate Cut Pressure

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

Standard Life Property Fund Gating - Open Ended Funds Are Like Banks, Can Suffer Runs

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

UK Markit services PMI drops sharply in June, 52.3 vs 52.8 exp

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

Swiss bond yields turn negative out to 50 years

Government debt rally gains fresh impetus amid renewed market nerves following Brexit vote
FT   |   Tue, 5 Jul 2016 08:15:22

The S&P 500 in Week 5 of June 2016

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

FT Opening Quote

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

Will Brexit help Calais migrants enter UK?

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

Market response to July RBA rate decision - Westpac

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

Brexit is political crisis, not financial one: Barclays vice chair

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

WSJ City: Standard Life 'Gates' U.K. Property Fund; Echoes of Lehman; Brexit's Job Market Strain

Good morning from London. Here's essential reading today from WSJ City
MoneyBeat   |   Tue, 5 Jul 2016 06:37:08

Why the World Is Rebelling Against 'Experts'

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

Brexit is political crisis, not financial one: Barclays vice chair

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

Needed: Fuel for a Stock Rally

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

RBA holds interest rates at 1.75%

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

Australia leads Asia stock markets lower

Focus on RBA and BoE policy meetings as global easing expectations grow post-Brexit
FT   |   Tue, 5 Jul 2016 04:17:02

Barclays: Brexit is a political, not financial, crisis

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

Racial hatred

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

Nigel Farage, Who Spurred Resigns as Head of U.K. Independence Party

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

Tuesday Watch

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

Australia leads regional markets lower

Focus on RBA and BoE policy meetings as global easing expectations grow post-Brexit
FT   |   Tue, 5 Jul 2016 03:14:34

Asia Doesn't Want to Be Part of the West's World Order

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

Global banking system is resilient: CBRC

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

Needed: Fuel for a Stock Rally

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

Politics: Is it all over for men?

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

Asian shares step back as investors ponder stimulus outlook

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

So, Can You Write This Well?

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

RBA expected to hold rates steady

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

Ouch: Open-ended UK Property Fund suspends trading

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 'takes revenge' on Gove

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

RBA rate cut would be very surprising: NAB

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

Wolff: Facebook and the media's interests diverge

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

Bad Debt Piled in Italian Banks Looms as Next Crisis

The Brexit vote has compounded strains in a banking system burdened by sour loans.
WSJ   |   Mon, 4 Jul 2016 22:49:55

'Just sit back and watch': Silver on a massive tear, but how long will it last?

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 financial secretary Warns economy is facing its "worst time in 20 years"

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

If No Article 50 Soon, What are the Fundamental Drivers?

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

Deliberation, distortion and dystopia: the news media and the referendum

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

Monday assorted links

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

Nigel Farage, Who Spurred Resigns as Head of U.K. Independence Party

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

Standard Life Fund Halts Withdrawals After Vote

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

Are voters sending a message?

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

Latest Tally After Leadsom & Fox Launches

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

Andrea Leadsom's time in the City: high-profile roles yet under the radar

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

Standard Life shuts property fund amid rush of Brexit withdrawals

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

Bank of England could pump up funding for lending after Brexit, says Osborne

Peter Spence / Telegraph   |   Mon, 4 Jul 2016 18:00:31

PREVIEW: Are Persimmon customers bricking it?

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

Farage to Resign as UKIP Leader in Wake of 'Brexit' Vote

CNN.
CNN. / World Affairs   |   Mon, 4 Jul 2016 17:21:48

Brexit: 9 hurdles facing foreign banks

Uncertainty costs could be outweighed by move to cheaper locations
FT   |   Mon, 4 Jul 2016 17:21:04

Immigration boosts Trump far from border

Rural Maryland voters see parallels to the popular outrage that fuelled the UK's Brexit vote
FT   |   Mon, 4 Jul 2016 17:05:30

The first signs of post-Brexit financial stress: property fund suspended

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

London Stock Exchange shareholders vote for Deutsche Boerse merger - but problems remain

Another Brexit related conundrum - what to do about the proposed merger between the London Stock Exchange and Germany's Deutsche Boerse? On Monday...
euronews   |   Mon, 4 Jul 2016 16:53:06

To confront polarisation one must look into the abyss

What Brexit has shown us is that people are still easy to manipulate and that tribal divisions are still pretty much a feature of our political system. The Abyss. Flickr/ Jamiecat. Some rights reserved.Disbelief has been a common reaction to the UK public's decision last week to leave the EU. ...
Open Democracy   |   Mon, 4 Jul 2016 16:39:01

Britain is plunging towards an economic nightmare, and it isn't just because of Brexit.

On Monday morning, Markit released its latest set of data on the state of the UK's construction sector, and to say things didn't look good would be an understatement. The sector slipped into contraction for the first time since April 2013, hitting just 46.o, a shock fall from an already ...
Will Martin / Business Insider   |   Mon, 4 Jul 2016 16:29:17

Having divided and conquered, Nigel Farage makes a perfectly timed exit

Nigel Farage's decision to resign as leader of the UK Independence Party (UKIP) is the latest instalment in the post-Brexit politics of Britain. Major developments occur on a daily basis at the moment. But unlike David Cameron's resignation, Boris Johnson's abandoned leadership challenge or Michael Gove's implosion, Farage's departure appears ...
Tom Quinn, Senior Lecturer, Department of Government, University of Essex / The Conversation   |   Mon, 4 Jul 2016 16:24:51

Blimey, it could be the unconstraining voice

Anthony Barnett's book on BREXIT prompts the hope that Britain will continue to inspire both the US and Europe to 'transcend ourselves by finding ourselves.' Plaque of The New Colossus poem by Emma Lazarus ("Mother of Exiles") in the museum inside the pedestal of the Statue of Liberty. Some rights ...
Open Democracy   |   Mon, 4 Jul 2016 16:19:16

Trump Takes Aim At The Global Elite

Donald Trump has always framed his candidacy as providing the average American with an opportunity to vote for an outsider, someone not already part of the traditional political machine. Immediately following Brexit, we asked whether or not this was Trump's opportunity to seize the momentum and use the referendum result ...
Zero Hedge   |   Mon, 4 Jul 2016 15:50:00

Quick Folks, How Big a Deal Is $300 Million a Year to Lithuania?

The folks at National Public radio assume you all know the answer to that question. Why else would they tell listeners in a piece on migrant workers in the UK after the Brexit vote that: "Analysts estimate that Lithuanian workers abroad send home more than $300 million a year." Hmmm, ...
CEPR   |   Mon, 4 Jul 2016 15:29:03

Gold nears two-year high, while silver also shines

Gold edged nearer to two-year highs on Monday as the European markets' post-Brexit recovery stalled. The yellow metal has thrived in the weeks following the UK's decision to leave the European Union, taking advantage of the political and economic uncertainty it has caused. Gold is often seen as a 'safe ...
Proactive Investors   |   Mon, 4 Jul 2016 15:06:00

Exit, Nigel Farage

British politician and Brexit proponent Nigel Farage has resigned as leader of the United Kingdom Independence Party (UKIP), less than two weeks after a national referendum threw the United Kingdom out of the European Union and into political and economic chaos. Farage said at a press conference in Westminster Monday ...
Marina Koren / The Atlantic   |   Mon, 4 Jul 2016 14:42:45

Deflation Is Blowing In On An Eastern Trade Wind

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Brexit is nowhere near the biggest challenge to western economies. And not just because it has devolved into a two-bit theater piece. Though we should not forget the value of that development: it lays bare the real Albion and the ...
Zero Hedge   |   Mon, 4 Jul 2016 14:41:58

Daily Digest 7/4 - How To Spot False Flag Operations, Does Australia Even Need A Government?

The Rules Have Changed After 'Brexit,' Finding a New London for the Financial World to Call Home Shooter strikes 3 in South Carolina nightclub, stopped by concealed carrier 5 Confirmed False Flag Operations and How to Spot Them in the Future Election 2016: Does Australia even need a government? Two ...
Chris Martenson   |   Mon, 4 Jul 2016 14:34:41

Nigel Farage resigns as Ukip leader: 'I have done my bit. Now I want my life back'

Michael Wilkinson / Telegraph   |   Mon, 4 Jul 2016 14:19:11

Brexiteers: Our Independence Day

CNN   |   Mon, 4 Jul 2016 13:39:22

Fireworks

By Nick Anderson Related Entries July 3, 2016 The Right-Wing Populism That Drove Brexit Can Only Be Fought With a Genuinely Radical Alternative July 3, 2016 Brexit Exit
truthdig   |   Mon, 4 Jul 2016 13:24:54

Constitutional Principles

By Nick Anderson Related Entries July 3, 2016 The Right-Wing Populism That Drove Brexit Can Only Be Fought With a Genuinely Radical Alternative July 3, 2016 Brexit Exit
truthdig   |   Mon, 4 Jul 2016 13:12:25

London Stock Exchange shareholders agree German deal

London Stock Exchange shareholders overwhelmingly back merger plans with Germany's Deutsche Boerse, despite the Brexit vote raising questions about the deal.
BBC   |   Mon, 4 Jul 2016 13:06:46

Scottish distillery fears for future

CNN   |   Mon, 4 Jul 2016 13:02:47

On state capacity

The news that the government might need to hire hundreds of immigrants to negotiate post-Brexit trade deals isn't merely a delightful irony. It raises a serious question about the UK's state capacity. This refers (pdf) to the ability of governments...
Stumbling and Mumbling   |   Mon, 4 Jul 2016 13:00:59

EU exit could trim UK GDP: Lagarde

An EU exit could cut Britain's gross domestic product by anywhere between 1.5 and 4.5 percentage points by 2019, IMF chief Christine Lagarde said.
CNBC   |   Mon, 4 Jul 2016 12:58:00

Asian Stocks Jump on Easing Hopes

China led gains across Asian stock markets on Monday as investors bet that global central banks would loosen policies to encourage economic growth.
WSJ   |   Mon, 4 Jul 2016 12:55:31

Don't Chase This Rally; Weak Outlook for Stocks

Don't Chase This Rally; Weak Outlook for Stocks As stocks roar back from Brexit lows, bonds, defensive sectors and gold are leading the charge higher.Don't Chase This Rally; Weak Outlook for Stocks As stocks roar back from Brexit lows, bonds, defensive sectors and gold are leading the charge higher.
Barrons   |   Mon, 4 Jul 2016 12:54:54

Big Tent

By Nick Anderson Related Entries July 3, 2016 The Right-Wing Populism That Drove Brexit Can Only Be Fought With a Genuinely Radical Alternative July 3, 2016 Brexit Exit
truthdig   |   Mon, 4 Jul 2016 12:50:33

A bit bitter here are we?

So long, Nigel Farage, the latest rat to jump from the sinking Brexit ship read more
Tim Worstall   |   Mon, 4 Jul 2016 12:08:33

Barclays is already warning investors to take cover for the coming recession

Barclays on Monday downgraded forecasts for two UK-listed companies, blaming an "expect[ed] period of recession and uncertainty in the UK." Analyst Andrew Ross and his team took the red pen to online estate agent Rightmove and price comparison website The investment bank says it likes both companies' business models and ...
Business Insider   |   Mon, 4 Jul 2016 11:40:31

Andrea Leadsom launches Tory leadership bid

Pro-Brexit energy minister says EU divorce negotiations need to be 'short as possible'
FT   |   Mon, 4 Jul 2016 11:30:00

Week Ahead Economic Overview

As markets continue to digest the potential impact of Brexit, economic data will provide an important steer on the health of the UK and global economies at the time of the referendum. Insights into central bank reaction to the Brexit shock will also be provided as the Bank of England ...
Markit   |   Mon, 4 Jul 2016 11:28:23

Morning News: July 4, 2016

The Bank of Japan Paints Itself Into a Negative Rate Corner Farage Resigns as UKIP Leader Adding to Brexit Political Turmoil Osborne Floats 15% Business [...]
Eddy Elfenbein   |   Mon, 4 Jul 2016 10:56:00

SEK expected to depreciate further - Danske Bank

The Swedish krona is seen losing further ground in the next months following the 'Brexit' vote, suggested analysts at Danske Bank. Key Quotes "The k
Pablo Piovano / FX Street   |   Mon, 4 Jul 2016 10:49:36

More in hope, less about immigration: why poor Brits really voted to leave

Not going anywhere. Shutterstock A popular Brexit narrative is that those left out of rising prosperity lashed out at the establishment because they could take no more punishment. They had suffered years of recession and austerity exacerbated by a Dutch auction - in which the asking price is lowered until ...
Ralph Fevre, Professor of Social Research, Cardiff University / The Conversation   |   Mon, 4 Jul 2016 10:32:03

A touching post-Brexit message to immigrants has been spotted at Euston station

Mark Molloy / Telegraph   |   Mon, 4 Jul 2016 09:38:21

Nigel Farage steps down as UKIP leader

Updated 11.30am Nigel Farage has resigned as leader of the eurosceptic UK Independence Party, saying "I now feel I have done my bit." Mr Farage made the announcement in a major speech outlining UKIP's post-Brexit strategy. "I came into this struggle from business because I wanted us to be a ...
Times of Malta   |   Mon, 4 Jul 2016 09:18:00

This is the to-do list from hell

CNN   |   Mon, 4 Jul 2016 09:00:16

We never see Trump or Brexit coming because we drown in data and biases

In this era of analytics and data, it's almost refreshing to see how wrong our celebrated predictive machines can be
MIKE ROSS, DAVIDE PISANU and BLANCHE AJARRISTA / Globe and Mail   |   Mon, 4 Jul 2016 09:00:00

There's silly, there's Ritchie and then there's crazed

Various ones have been properly convinced that there is a plan for a European superstate. Forbes' writer Tom Worstall wrote that the Brexit vote was about the United Kingdom "not joining the monster of the European Union to come." The ... read more
Tim Worstall   |   Mon, 4 Jul 2016 08:34:05

What bloody French belief in humanity?

Marine Le Pen's Brexit glee goes against France's belief in humanity Agnès Poirier In France, the goal of ever closer European union has been seen as 'patriotism for humanity' since the days of Victor Hugo. The leader of the National ... read more
Tim Worstall   |   Mon, 4 Jul 2016 08:31:13

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

Ashley Kirk / Telegraph   |   Mon, 4 Jul 2016 08:31:01

S&P: UK will barely escape a full-fledged recession

The US ratings agency, Standard & Poor's (S&P), revised its UK economic outlook in the wake of Brexit, noting that: Brexit will cause a drag on UK ec
Dhwani Mehta / FX Street   |   Mon, 4 Jul 2016 08:19:58

UK potash mine targets September start

Sirius aims to raise funding within weeks as Brexit vote's impact on sterling lowers costs
FT   |   Mon, 4 Jul 2016 08:14:11

Germany might not care if the UK loses access to the single market

Now that Britain has voted to leave the European Union, one of the biggest topics of discussion is the UK's ongoing relationship with the EU in terms of trade and exports. Those who backed the Leave campaign prior to the vote argue that the UK's trade relationship with the rest ...
Business Insider   |   Mon, 4 Jul 2016 08:12:31

FT Opening Quote

Shareholders in the London Stock Exchange will vote today on a merger with Deutsche Boerse to create a pan-European exchanges champion. The deal has been cast into doubt by the Brexit referendum, according to some commentators. LSE investors can be expected to vote Yes, not least because the drop in ...
FT Alphaville   |   Mon, 4 Jul 2016 08:04:40

Need to be cautious on banks: Man GLG's Dixon

Man GLG Portfolio Manager, Henry Dixon, explains why "sitting tight and waiting" is not an option when it comes to managing a portfolio following Brexit.
CNBC   |   Mon, 4 Jul 2016 07:58:00

RPT-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   |   Mon, 4 Jul 2016 07:46:39

Will US Jobs report distract?

FTSE 100 called to open +40pts at 6620, supported by a solid trend of rising lows post-Brexit and another round number (6600) cleared overnight extends the Brexit bounce to 15.6%. A continued push higher from last week's 6400 breakout boosts the probability of that 900pt bullish inverse head & shoulders ...
Proactive Investors   |   Mon, 4 Jul 2016 07:34:00

Stimulus hopes push FTSE 100 to 10-month high - business live

Stock markets are rising despite fears that Brexit will hurt the UK economy 8.18am BST Asian stock markets have made a decent start to the week. "Prospects that central banks (BoE and ECB) will unleash fresh stimulus in coming months are providing some relief in markets." "It is also perceived ...
Graeme Wearden / Guardian   |   Mon, 4 Jul 2016 07:18:14

Timmy elsewhere

At the ASI: WE'VE GOT MEURIG RAYMOND'S NEW POST-BREXIT DOMESTIC AGRICULTURAL POLICY RIGHT HERE Tee hee: We have an alternative policy framework to suggest. Let's just not have a policy. No subsidies, no payments, no department, no Minister, nothing, nowt, ... read more
Tim Worstall   |   Mon, 4 Jul 2016 07:13:09

Further reading

Elsewhere on Monday, - Gavyn Davies: "global growth seems firm enough to shrug off the Brexit risk, provided that it is confined mainly to the UK and its direct trading - Krugman on trade, jobs, Trump and China. And on Mervyn King's book. - The myth of cosmopolitanism , and ...
FT Alphaville   |   Mon, 4 Jul 2016 07:04:32

Links for 07-04-16

Markets post-Brexit - Econbrowser Brexitonomics - James Surowiecki Trade and Jobs: A Note - Paul Krugman Global economy firm as Brexit shock hits - Gavyn Davies What's Wrong with the EU? - Uneasy Money The supplier network of exporters: Connecting...
Economist's View   |   Mon, 4 Jul 2016 06:23:28

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Monday. Barclays staff told Business Insider they are positive about the future despite Brexit and say CEO Jes Staley has convinced them jobs and the bank's health will be protected as much as possible. "[Staley] thanked us all for ...
Business Insider   |   Mon, 4 Jul 2016 05:57:57

FTSE 100 set for a quieter start to new trading week

The FTSE 100 opened this moring up 27 points to 6,605, ahead of expectations as the post-Brexit recovery continues,. The top winner was Fresnillo (LON:FRES), up 67p or around 4% to 1827p. The biggest loser was Intu Properties (LON:INTU), up 1.3p or 0.5%, to 290p. Preview at 6.50am The resurgence ...
Proactive Investors   |   Mon, 4 Jul 2016 05:50:00

Another Big Week Ahead for the Markets

While the start of the week is looking relatively quiet, with the U.S. markets closed on Monday in celebration of Independence Day, the rest of the week is likely to be anything other than dull. Of course, Brexit will remain the dominant story in the markets again this week with ...
OANDA   |   Mon, 4 Jul 2016 05:37:01

Igniting Fireworks: Can We Burn the Planet if We Wanted To?

We here at T.U.W. hope you are enjoying your celebration of the original Brexit. The following post is admittedly crude, and will be put into extreme amounts of detail should I ever get my global warming work done. But as you light off your sparklers, firecrackers, M-80s, cherry bombs, pineapples, ...
The Unbroken Window   |   Mon, 4 Jul 2016 04:39:37

GBP: The new quality of risks - Commerzbank

Ulrich Leuchtmann, Research Analyst at Commerzbank, notes that the Sterling remains under pressure post the Brexit. Key Quotes "While on Friday trad
Sandeep Kanihama / FX Street   |   Mon, 4 Jul 2016 04:29:37

NZD/USD may target 0.73 this week - Westpac

Imre Speizer, Senior Market Strategist at Westpac, suggests that the NZD/USD post-Brexit reaction was sharp but short-lived, and gave way to a rebound
Sandeep Kanihama / FX Street   |   Mon, 4 Jul 2016 04:20:42

Brexitonomics

A few days after the United Kingdom voted to leave the European Union, Nigel Farage, the head of the U.K. Independence Party, made a curious speech to the European Parliament. Farage has spent nearly two decades railing against the E.U., and his speech went viral, thanks to the unbridled scorn ...
New Yorker   |   Mon, 4 Jul 2016 04:00:00

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   |   Mon, 4 Jul 2016 03:30:18

Jobs growth to slip as economic woes mount

Economic uncertainties triggered by Brexit and domestic political leadership chaos is likely to dent the jobs market later this year.
SMH   |   Mon, 4 Jul 2016 03:19:12

Links for the Week of July 3, 2016

**Most-Recent Must-Reads:** * **Ryan Avent**: [Everything Is Not * **Kevin O'Rourke**: [Markets and States are * **Laurence Silberman**: [West Virginia Sues Federal Government for Trusting West **Most-Recent Links:** * **Fintan O'Toole**: [Brexit and the Politics of the Fake * **Reuters**: [UAE tells citizens to avoid national...
Grasping Reality   |   Mon, 4 Jul 2016 01:19:47

APAC Currency Corner -Chase for Yield

The post-Brexit rebound in sentiment continued on Friday as the Market prices in aggressive Central Banks easing Investors were spurred on by comments from BoE Governor Mark Carney saying "The economic outlook has deteriorated, and some monetary policy easing will likely be needed over the summer". With the market now ...
OANDA   |   Mon, 4 Jul 2016 01:15:06

Australian, UK political turmoil to share the spotlight this week

Australia will be in focus early this week, with markets set to parse election results, before the U.K. takes center stage.
CNBC   |   Mon, 4 Jul 2016 01:04:00

Merkel To Get Rid Of Jean-Claude Juncker "Within The Next Year"

In the aftermath of the Brexit fiasco, the biggest fissure that emerged was not between the economies of the UK and Europe, nor between the stock markets of the UK and Europe, both of which have spiked on the back of another round of central bank liquidity promises, but between ...
Zero Hedge   |   Mon, 4 Jul 2016 00:23:25

Newspaper review: 'Sorry I trusted Gove' and Labour 'prepares deal'

Post-Brexit battles continue to dominate the front pages, with several papers focusing on the fights to lead the Conservative and Labour parties.
BBC   |   Sun, 3 Jul 2016 23:43:14

Investors everywhere are basically screwed at this point

Global markets are gripped by uncertainty. The Brexit decision in the UK has roiled markets, while the US election is sure to inject volatility in to the stock market. Then there is the fear of a recession on both sides of the Atlantic. Bond yields are at record lows, with ...
Business Insider   |   Sun, 3 Jul 2016 23:17:00

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   |   Sun, 3 Jul 2016 22:52:00

"We Won't Be Lectured" - Italy's Renzi To Defy Brussels Over Banking Bailout

With all eyes distratcted by the post-Brexit euphoria, the last week has seen a far more existential crisis accelerating in Europe. Italy's banking system is in tatters (from a EUR40bn bailout 6 days ago, to EUR150 emergency support 3 days ago, to chatter of further support from pension funds Friday) ...
Zero Hedge   |   Sun, 3 Jul 2016 22:45:00

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

The UK has voted to leave the EU, and there is much still to be resolved. One thing is certain, however: The investment-banking industry, and international finance more broadly, is likely going to change in a profound way. The vote to leave the EU will not just affect where business ...
Business Insider   |   Sun, 3 Jul 2016 20:46:00

UK offered hope on freedom of movement

French presidential frontrunner seeks quick Brexit 'divorce'
FT   |   Sun, 3 Jul 2016 20:03:03

The revolt

July's usually a yawner. Not this time. On the heels of Brexit comes the ascent of Trump, the wounding of Clinton, more hurt from the ISIS nutjobs and, weirdly, Scottish independence. In two weeks American Republicans gather in Cleveland for a convention that could be the most troubling since the ...
Greater Fool   |   Sun, 3 Jul 2016 19:21:01

Global Economy Week Ahead: Central Bank Updates, U.S. Employment Data

Central bank reports in the U.S., England and China will help shape market sentiment this week in a shaky post-Brexit world. And American jobs data will shed light on whether the U.S. economy is starting to sputter.
WSJ   |   Sun, 3 Jul 2016 19:19:54

Brammer lets genie out of the bottle

Company is at Brexit's sharp end but it cannot blame all of its travails on vote to leave the EU
FT   |   Sun, 3 Jul 2016 19:19:20

Steen Jakobsen Exposes The Policymakers' "Comical Ali" Strategy

Submitted by Steen Jakobsen, CIO & Chief Economist Saxo Bank, via TradingFloor.com, Brexit could accelerate process of much-needed reform Macro policymakers including central banks will try to maintain status quo Policymakers have become equivalent of Iraqi minister comical Ali The reluctance to accept what is happening will be there undoing ...
Zero Hedge   |   Sun, 3 Jul 2016 19:15:00

And now Italy

Europe's attention may be focused on Brexit, but it's worth keeping an eye on what may be the next crisis - Italy.Italy has been in a bad way for a long time now. In an article for the Daily Telegraph written in May, Ambrose Evans-Pritchard sketched out the background:The story ...
National Review   |   Sun, 3 Jul 2016 18:05:26

London FTSE Stock Market Breakout? Watch This Setup!

There's been a lot of chatter about the UK vote to leave the EU (Brexit). Most of the talk last week was negative as the British Pound cratered. However, that... The post London FTSE Stock Market Breakout? Watch This Setup! appeared first on See It Market .
See It Market   |   Sun, 3 Jul 2016 16:36:10

Samantha Bee is going where Jon Stewart and John Oliver never did

Here's how she's breaking the mold that Stewart set up and Oliver perfected Every Sunday, we pick a new episode of the week. It could be good. It could be bad. It will always be interesting. You can read the archives here. The episode of the week for June 26 ...
Vox   |   Sun, 3 Jul 2016 16:00:03

If No Article 50 Soon, What are the Fundamental Drivers?

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   |   Sun, 3 Jul 2016 14:57:13

In this post-Brexit vacuum, Mark Carney can't save the UK economy alone

Here Is The City   |   Sun, 3 Jul 2016 14:56:25

CITI: 'The single biggest risk on the European political landscape' this year is not Brexit

The "single biggest risk on the European political landscape" is happening this year, and it is not Britain leaving the European Union, say analysts at Citi. Tina Fordham and her team at Citi told clients in a note, entitled "Global Economics View: Who's Next? EU Political Risks After The Brexit ...
Lianna Brinded / Business Insider   |   Sun, 3 Jul 2016 14:54:59

Brexit, Trump signs of rising inequality?

MSNBC's Chris Hayes joins Joy Reid to discuss the worldwide struggle between the elites and working class and the driving forces behind Brexit and the rise of Donald Trump.
MSNBC   |   Sun, 3 Jul 2016 14:48:53

Krugman on Brexit and the Decline of Intellectual Standards

P. Krugman correctly notes: I worry that the urge to condemn it [Brexit]has led to a lowering of intellectual standards. And let me also say that the narrative of disaster is coloring some (not all) financial reporting. On the whole, the market reaction looks pretty muted to me. It's not ...
Robert Wenzel / Economic Policy Journal   |   Sun, 3 Jul 2016 14:46:00

My 150 on BREXIT: Lies

"If you're sold and pay for something that is manifestly not as claimed then the deal is invalid." In all the turmoil what I keep on coming back to is the lies that were presented as a basis for the Leave campaign. My point is that in law there is ...
Jon Savage / Open Democracy   |   Sun, 3 Jul 2016 14:43:20

Brexit vote calls for stable monetary policy

We should put QE on hold until we have clear economic data, writes Andrew Sentance
FT   |   Sun, 3 Jul 2016 14:40:40

Credit Suisse CEO blames Brexit on low UK education spending

AIX-EN-PROVENCE, France (Reuters) - Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executive Tidjane Thiam said on Sunday. Britain voted in a referendum ...
Business Insider   |   Sun, 3 Jul 2016 14:38:06

My 350 on BREXIT: But Rome wasn't built in a day

"I fear for my generation, a whole generation put out in the mud mainly due to the bigotry on one side and the scorn on the other." On June 27, the Euro Game said Bye bye to England. Apart from being a tremendous surprise in the football world, the defeat ...
Laure Claudon / Open Democracy   |   Sun, 3 Jul 2016 14:36:54

Angela Merkel 'to oust Jean-Claude Juncker' as Europe splits deepen over Brexit response

Peter Foster / Telegraph   |   Sun, 3 Jul 2016 14:33:08

Tax haven route won't work for post-Brexit UK, OECD says

By Tom Bergin LONDON (Reuters) - The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rules. The head of tax at the ...
Business Insider   |   Sun, 3 Jul 2016 14:29:34

My 350 on BREXIT: 'Us' versus 'them'

"Many in the UK feel totally disenfranchised by the entire political establishment. By not noticing this, the 'remain' camp went horribly wrong." The wave of emotional outrage and hatred triggered by the vote to leave the EU reveals that there is an issue of identity at play. The referendum was ...
Amanda Machin / Open Democracy   |   Sun, 3 Jul 2016 14:20:03

Brexit Ship Appears to Have Sailed, But May Take Years to Reach Destination

Note: This article is courtesy of Iris.xyz By Alliance Berstein Few observers really believed that the UK would vote to exit the European Union. Now that the leave campaign has won, the Brexit ship appears to have sailed-but it may take years to reach its destination. In Thursday's referendum, the ...
Iris.xyz / ETF Trends   |   Sun, 3 Jul 2016 14:00:10

'I'll handle Putin with steel'

Michael Gove says only a Brexiteer has the moral authority to become British prime minister.
Austrailian   |   Sun, 3 Jul 2016 14:00:00

Will The Second Half Be Big For Stocks?

On Thursday we wrapped up the first half of 2016. Today we want to step back and take a look at how markets fared in the face of a lot of threats, if not chaos. Even after Brexit, an early year correction surrounding the oil price bust, and an indecisive ...
Bryan Rich, Contributor / Forbes   |   Sun, 3 Jul 2016 13:52:00

Top 3 Earnings Reports For the Coming Week

After the fallout and tentative recovery from the Brexit, the markets have not necessarily set a new direction. The coming week is a shortened trading week with the July 4th holiday and as a result... PEP 247chrislange
24/7 Wall St.   |   Sun, 3 Jul 2016 13:38:06

Global economy firm as Brexit shock hits

Direct trade effects will be moderate in the rest of the EU and almost negligible in the US and Asia
FT   |   Sun, 3 Jul 2016 13:37:38

4 Companies That Destroyed Shareholders Despite a Brexit Recovery

Despite Brexit absolutely rocking the market over a week ago, the broad markets made a solid comeback leading most people to believe that this was just one big head fake. Some companies made runs in... GALE 247chrislange hammered
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 13:35:29

13 Large U.S. Companies With Little Or No Brexit & Europe Woes

OK, so we all know now that Britain voted to leave the European Union. All the polls told you not to worry about that happening, but then it happened. The dollar surged, stocks in Britain and Europe... AEP AWK CBS CHTR CMG DG GOV HR KR LUV MO SNH T ...
Jon C. Ogg / 24/7 Wall St.   |   Sun, 3 Jul 2016 13:31:27

Global economy firm as Brexit shock hits

This month's regular report from the Fulcrum nowcast models comes just before Brexit has had time to impact global activity indicators. There is no doubt that Brexit will adversely impact the growth in aggregate global demand as a result of the rise in policy uncertainty, but so far the downgrades ...
Gavyn Davies / Gavyn Davies   |   Sun, 3 Jul 2016 13:10:25

Brexit making UK tourism cheaper

Airline and hotel operators are not letting this crisis go to waste, an expert tells CNBC's "On the Money."
CNBC   |   Sun, 3 Jul 2016 13:03:00

How Brexit Already Affects Americans Traveling To Britain -- & Europe

Quick trip to London anyone?
Lea Lane, Contributor / Forbes   |   Sun, 3 Jul 2016 12:57:00

My 350 on BREXIT: Liberal nationalism gives advance notice of its fascist form

"As democracy loses either way, it is to be hoped Brexit can be buried in technical unwieldiness to keep at least as large a playing field as possible." This was a plebiscite against freedom of movement, the most fundamental proletarian demand throughout known history: if we are not even able ...
Marcel Stoetzler / Open Democracy   |   Sun, 3 Jul 2016 12:54:13

The Brexit Fallout And Barclays

Seeking Alpha   |   Sun, 3 Jul 2016 12:53:43

Slide in asset managers sparks job fears

UK-listed Henderson and Jupiter among the hardest hit after Brexit vote
FT   |   Sun, 3 Jul 2016 12:53:20

After Brexit, This Will Be Next

You have probably already read dozens of articles and op-ed's about the Brexit vote and its impact on the political landscape in Europe. The markets completely crashed 'the day after' but quickly regained their composure and the losses of 5-8% at the opening bell were quickly erased. Source: Stockcharts.com Now, ...
Secular Investor / Zero Hedge   |   Sun, 3 Jul 2016 12:48:17

Tony Blair: 'Let's keep our Brexit options open'

Former prime minister Tony Blair has told R4's The World This Weekend that the UK should keep its Brexit options open.
BBC   |   Sun, 3 Jul 2016 12:36:34

Tom Friedman on Brexit and Trump, by David Henderson

In the previous post on Tom Friedman , I neglected to mention that hours earlier he had flown in to San Francisco from Europe. That meant that he was likely in the air when the Brexit results came in. He led off with a good laugh line: Did anything interesting ...
EconLog   |   Sun, 3 Jul 2016 12:35:31

Gold prices aren't going to stay this high

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 ...
Money Game   |   Sun, 3 Jul 2016 12:33:00

Druckenmiller, Soros, Spitznagel, Gross Warn Of Crisis

By the Independent Trader Brexit referendum pushed financial markets into turmoil. Even if this is only the beginning of tough times the main reason behind this is definitely not the result of the UK referendum. What we see today is [...]
Value Walk   |   Sun, 3 Jul 2016 12:10:19

Recent Brexit vote makes prospect of a united Ireland suddenly thinkable

Protestant unionists are queuing for Irish passports in Belfast and once quiet Catholic nationalists are openly campaigning for a united Ireland, signs of deep shifts in the United Kingdom's most troubled province since Britons on June 23 voted to leave the EU. Eighteen years after a peace deal ended decades ...
Japan Times   |   Sun, 3 Jul 2016 12:06:18

Brexit Will Fail... For [at least] Ten Reasons

Note: This article is courtesy of Iris.xyz By Keith Williams British PM David Cameron's spectacularly ill-conceived referendum on EU membership is highly unlikely to lead to actual Brexit. Here are ten reasons why: 1) The terms of the referendum were incorrect, from inception. Foremost, simple majority is far too small ...
Iris.xyz / ETF Trends   |   Sun, 3 Jul 2016 12:00:01

PICTURES: Protesters flooded central London in defiance of the Brexit vote

Britain voted to leave the European Union on June 23 but thousands of people marched across the capital on Saturday to protest against the result. The "March for Europe" rally was organised on social media and quickly turned into a massive demonstration that washed through London's political heartland of Westminster. ...
Business Insider   |   Sun, 3 Jul 2016 11:58:06

United States

By Signe Wilkinson Related Entries July 3, 2016 Brexit Exit June 30, 2016 The What About X Committee (Video)
truthdig   |   Sun, 3 Jul 2016 11:52:31

Germany's Schaeuble says post-Brexit EU must focus on issues, not lofty visions

After the Brexit shock, the EU must put lofty visions on hold and quickly resolve pressing issues to regain people's trust, German Finance Minister Wolfgang Schaeuble warned Sunday. Rather than debate EU treaty change or institutional reforms, the bloc must make speedy progress on the refugee crisis, youth unemployment and ...
Japan Times   |   Sun, 3 Jul 2016 11:48:37

How Major Pharma Is Faring After the Brexit

The broad markets are recovering in the wake of the Brexit and it really appears to be one big head fake. We are also realizing that the Brexit was a great opportunity to buy into the markets and... ABBV BMY MRK PFE TEVA 247chrislange Prescription drugs
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 11:38:53

Brexit Exit

By Nick Anderson Related Entries June 30, 2016 Rights Groups Urge U.N. to Boot Saudi Arabia From Human Rights Council June 30, 2016 The What About X Committee (Video)
truthdig   |   Sun, 3 Jul 2016 11:35:32

Tony Blair: UK should keep Brexit options open

Former prime minister Tony Blair says "we should keep our options open" on the UK leaving the European Union.
BBC   |   Sun, 3 Jul 2016 11:09:43

How Major Gold Stocks Are Responding to the Brexit

Gold has been on an absolute tear in 2016, especially considering the currency fears that many had going into the Brexit vote. Now more than ever investors were looking to hedge their portfolios with... ABX GG NEM 247chrislange lots of gold
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 10:43:36

In this post-Brexit vacuum, Mark Carney can't save the UK economy alone

Businesses and households have a long list of questions, including: what kind of tax and spending policies are to come? With Westminster in chaos, it has fallen to the governor of the Bank of England to calm markets, households and businesses in the wake of the Brexit vote. Mark Carney ...
Katie Allen / Guardian   |   Sun, 3 Jul 2016 10:38:56

The Top 5 Performing Dow Stocks Coming Out of the Brexit

Looking at what was a brief but massive fallout within broad markets, we are realizing that the Brexit provided a very attractive entry point into a fair number of industries. The Dow Jones... GE JNJ NKE TRV XOM 247chrislange Dow
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 10:30:19

Opportunity or disaster? Small firms describe the impact of the Brexit vote

The vote to leave the EU has struck a mighty blow to many small businesses, but others say it has opened up opportunities. They share their stories 'It's devastating for us as a small business and I am not sure if we can survive it' "I run a small communications ...
Suzanne Bearne and Helen Lock / Guardian   |   Sun, 3 Jul 2016 10:01:55

Andrea's "Journey" From Remainer to Brexiteer

Andrea Leadsom's first test in a major one-on-one interview was bumpy - she admitted she used to be a Remainer, wouldn't rule out giving Farage a job and was unprepared for questions about her taxes. In 2013 she said "I'm going to nail my colours to the mast here. I ...
Guy Fawkes' blog   |   Sun, 3 Jul 2016 10:01:40

Sunday Selection

BEST OF SEEN ELSEWHERE The Beeb is on a mission to destroy the Brexit vote, David Keighley The Brexit divide wasn't between young and old, but Ponces and Non-Ponces, Julie Burchill Jeremy Corbyn is neither nice nor decent - he is a nasty bully and an embarrassment to the country, ...
Guy Fawkes' blog   |   Sun, 3 Jul 2016 10:00:19

The foreseeable future of the economy has nothing to do with the economy

Over the past couple of weeks the world economy has been captivated by the UK's vote to leave the European Union. The Brexit was named as the culprit of global stock markets rise, fall, and rise. It wreaked havoc on currencies. By all appearances, it was the reason for the ...
Business Insider   |   Sun, 3 Jul 2016 10:00:00

The secret to fixing the gig economy: The Knights of Columbus

Have you noticed the West is in the throes of a full-blown populist uprising? Whether it's Brexit, left-wing movements in the Mediterranean, the establishment parties booted from the presidential runoff in Austria, the rise of France's Marine Le Pen, or, of course, America's own Donald Trump, populism is surging. This ...
The Week   |   Sun, 3 Jul 2016 09:55:02

The Leave campaign was toxic - but 43 years of embarrassed pro-Europeanism paved the way for Brexit

Yes, the Leave campaign was dishonest and some have argued criminally irresponsible; but are British pro-Europeans blameless, asks Eunice Goes? Political parties have for years avoided any discussion on the positive aspects of the EU, they rarely explained how the UK benefits from EU investment, all while the Eurosceptic press ...
Blog Admin / British Politics and Policy at LSE   |   Sun, 3 Jul 2016 06:00:27

"The Loss Of Central Bank Credibility Is The Biggest Tail Risk" BofA Warns Brexit Threat Remains

Despite the rapid decline in short-term risk momentum, there is no doubt in BofA's mind that the world is a riskier place following the UK's decision to leave the EU. Hence, they warn, the chances for additional critical stress events as Brexit unfolds remain high, and given the critical role ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 22:45:00

Brexit fears push back hopes of US interest rate rise to 2018

Peter Spence / Telegraph   |   Sat, 2 Jul 2016 18:56:48

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

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

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

Brexit News Archive: 05 Jul 2016     |     enquire