Brexit News Archive: 09 Jul 2016

Andrea Leadsom is a Conservative every Brexiteer should want as Prime Minister

Simon Heffer / Telegraph   |   Sat, 9 Jul 2016 17:30:00

A New Frontier Awaits For U.S. Markets

A new frontier awaits for U.S. equity markets to explore. They are fairing much better than other world markets, in spite of the Brexit uncertainty, and look poised to press upwards (likely choppily) for awhile, as shown on the 3-year comparison chart below of the SPX, World Market Index, and ...
Strawberry Blonde   |   Sat, 9 Jul 2016 16:27:00

'Golden' chance to rethink Scots economy

Supporters of Scottish independence have a "golden opportunity" the wake of the Brexit vote, according to a critic of the 2014 plans.
BBC   |   Sat, 9 Jul 2016 15:46:05

Brexit isn't like the ERM crisis. It's worse

The British economy ultimately benefited from being driven out of the exchange rate mechanism. But the global economy is a very different place today In the run-up to the referendum, it was common for Leave campaigners to compare quitting the EU to Britain's embarrassing but ultimately beneficial departure from the ...
Phillip Inman / Guardian   |   Sat, 9 Jul 2016 15:00:05

Cancellations and delays expected in airliner market at Farnborough

Brexit and the low oil price will mean a quiet air show for manufacturers this week Brexit looms over David Cameron's visit to this week's Farnborough air show, as airlines and plane manufacturers fasten their belts for a bumpy few years of economic turbulence. The prime minister is scheduled to ...
Karl West / Guardian   |   Sat, 9 Jul 2016 14:59:05

These 4 Stocks Can Save You From The Next Market Crash

Is the next market brushfire right around the corner? And are investors in denial about it? If recent moves in the CBOE Volatility Index (VIX) are any indication, the answer to both questions could be yes. The market's so-called "fear indicator" plunged 40% in the week following the Brexit vote-its ...
Brett Owens, Contributor / Forbes   |   Sat, 9 Jul 2016 14:39:00

Challenge to Corbyn is on

British Labour Party leader Jeremy Corbyn faces a leadership contest with rebel former frontbencher Angela Eagle over Brexit.
Austrailian   |   Sat, 9 Jul 2016 13:25:00

The moral consequences of economic decline?

In his FT column today, the ever-thoughtful Tim Harford has written about the dangers of moving into a zero-sum world, with the economy heading into a post-Brexit recesssion and in a political atmosphere which is already a game of grievances ... Continue reading →
The Enlightened Economist   |   Sat, 9 Jul 2016 13:07:40

Were the Brexiteers right?

Was Vote Leave right after all to claim that leaving the EU would allow us to spend an extra £350m per week on the NHS? From one point of view, this was an obvious lie. As Tim Harford says: The...
Stumbling and Mumbling   |   Sat, 9 Jul 2016 12:06:29

How To Lead When You Don't Know Where You're Going

As a leader, you are used to seeing your role as setting a direction, creating a vision of the future and leading people towards it. As of today, if you are in Europe, that's the worst possible thing you could try to do. The Brexit decision has plunged us into ...
Alastair Dryburgh, Contributor / Forbes   |   Sat, 9 Jul 2016 11:42:00

Is The Stock Market Irrational? Short answer: No

Two weeks ago stocks were under pressure and the financial media was predicting chaos from the Brexit vote. The S&P 500 dropped 5.6% in two days. But the market ignored all negative news and rallied 6.5% near all-time highs in the ... Continue reading → Is The Stock Market Irrational? ...
Price Action Lab   |   Sat, 9 Jul 2016 08:29:51

Opportunity costs

I wrote this about a month ago, but decided not to post it because it sounded a bit like a personal rant. Following the Brexit result, and more introspectionamong economists about what more they could have done, I think this basic point is worth making When I complainabout the media ...
Mainly Macro   |   Sat, 9 Jul 2016 08:00:00

FP Sat 9 July

Select Show on Front Page: Show on Front Page Right Image The Think Project, Brexit and the urgent need for better citizenship education Hide in waterfall: Do not include in section waterfall ? "I've always been a bit racist, I'm not gonna lie, but this...has changed the way I look ...
Open Democracy   |   Sat, 9 Jul 2016 07:57:46

In Debt: Economic Uncertainty Remains Even After

That Britain, would somehow reject the rational choice seems to have never occurred to investors worldwide, and now we see the consequences.
DealBook   |   Sat, 9 Jul 2016 06:40:05

U.K. Pub Stocks' Pint of Woe

U.K. Pub Stocks' Pint of Woe British pub stocks take a hit on Brexit.U.K. Pub Stocks' Pint of WoeBy Bill Alpert British pub stocks take a hit on Brexit.
Barrons   |   Sat, 9 Jul 2016 05:02:41

Why Investors Should be Wary of Corporate Yields

Why Investors Should be Wary of Corporate Yields Post-Brexit, sovereign bonds have tumbled. But juicy investment-grade yields on corporate debt mask eroding fundamentals. Why Investors Should be Wary of Corporate YieldsBy Mike Cherney Post-Brexit, sovereign bonds have tumbled. But juicy investment-grade yields on corporate debt mask eroding fundamentals.
Barrons   |   Sat, 9 Jul 2016 04:08:03

Jeffrey Gundlach on Stocks, Trump, and Gold

Jeffrey Gundlach on Stocks, Trump, and Gold The head of DoubleLine Capital discusses his outlook on the post-Brexit stock and bond markets, and why he's investing so Gundlach on Stocks, Trump, and GoldBy Ben Levisohn The head of DoubleLine Capital discusses his outlook on the post-Brexit stock and bond markets, ...
Barrons   |   Sat, 9 Jul 2016 04:01:13

How George Soros Singlehandedly Created The European Refugee Crisis - And Why

By David Galland and Stephen McBride, Garret/Galland Research How George Soros Singlehandedly Created the European Refugee Crisis - And Why George Soros is trading again. The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had a financial-market crisis. Well, the crisis hasn't hit Soros just yet. ...
Zero Hedge   |   Sat, 9 Jul 2016 02:01:05

Cheers and Jeers: Rum and Coke FRIDAY!

From the GREAT STATE OF MAINE... Friday Margaret and Helen Blogging The internet's feistiest bloggers strike again... Margaret, which voters have their heads farther up their asses, Trump supporters or Brexit voters? Wait a minute. Is it farther or further? I don't know, but either way the asshats they are ...
Daily Kos   |   Fri, 8 Jul 2016 23:32:13

Daily currency report

The sterling sell-off continued in Wednesday trading and there's little light at the end of the tunnel. Six asset managers suspended trading on their property funds citing "exceptional liquidity pressures" as investors panic to exit. This shows a clear lack of confidence in the UK post-Brexit and a housing market ...
Times of Malta   |   Fri, 8 Jul 2016 22:01:00

'Trump-Brexit' Factors Could Triple Bitcoin Transactions But Where's The Price Heading?

What's in store for Bitcoin, the 'daddy' of all cryptocurrencies? Well, according to new industry research transaction values in the digital currency could almost triple to $92 billion (bn) in 2016 over last year. But with the price having risen 50% so far this year, where the price might be ...
Roger Aitken, Contributor / Forbes   |   Fri, 8 Jul 2016 21:12:00

Global Energy Advisory 8th July 2016

Politics, Geopolitics & Conflict The Brexit Fallout We've been ignoring Brexit largely on the Global Energy Advisory because, well, no one on this side of the Atlantic really cares about the European Union in and of itself. However, what they DO care about is Russia, and the UK's exit from ...
Oil Price   |   Fri, 8 Jul 2016 20:55:05

Javid looking for hundreds of trade experts

Business secretary expects years of talks with states such as China, Japan and the US after Brexit
FT   |   Fri, 8 Jul 2016 20:18:38

Jobs Bounce Sends Stocks Soaring To Record High As Bond Yields Hit Record Lows

Well punk, "do you feel wealthy?" First things first, there is this... (2130.82 record close, 2134.72 record intra high) *S&P 500 RALLIES 1.6% TO 2,130.83, RISING ABOVE RECORD CLOSE And then there is this... for 2016... And since Brexit... And today... While on the topic - cash indices reached pre-Brexit ...
Zero Hedge   |   Fri, 8 Jul 2016 20:03:14

Jobs Surprise Sends S&P 500 Back Toward Record Highs

A snapback in monthly jobs figures fueled a big rally on Wall Street that has the market once again chasing record highs.
Shreya Agarwal, Forbes Staff / Forbes   |   Fri, 8 Jul 2016 19:31:00

U.S. FundFlows Insight Report: Despite the Up Week, Fund Investors Duck for Cover

In spite of the "Brexit" vote, investors pushed the U.S. broad indices back into positive territory for the fund-flows week ended July 6, 2016, after reports indicated the European Central
Alpha Now   |   Fri, 8 Jul 2016 19:15:18

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

Unlike the public, economists seem more concerned about the size of the pie than whether everyone gets a slice.
NEIL IRWIN / NY Times   |   Fri, 8 Jul 2016 19:06:15

Managed Futures CTAs Once Again Dominate Hedge Fund Performance List

As the Brexit sell off and "V" shaped recovery is now history, a pattern of behavior is emerging. Many of the well-known Wall Street "brand" hedge funds are showing up on one side of the win/loss column while a new [...]
Value Walk   |   Fri, 8 Jul 2016 18:44:37

May challenges Leadsom to keep campaign 'clean'

Fears rise Tory contest could become re-run of divisive Brexit battle
FT   |   Fri, 8 Jul 2016 18:00:45

In Debt: Economic Uncertainty Remains Even After

That Britain, would somehow reject the rational choice seems to have never occurred to investors worldwide, and now we see the consequences.
STEPHEN J. LUBBEN / NY Times   |   Fri, 8 Jul 2016 17:48:56

Financials jump ahead of earnings updates

Strong US jobs report helps erase post-Brexit loss for S&P 500
FT   |   Fri, 8 Jul 2016 17:17:27

Lifetime High Near

Brexit? Are you kidding? That is so two weeks ago. We are at this point a mere 0.5% away from the highest level (2134.72) in human history on the S&P 500. It's looking pretty grim for the handful of bears that are left.
Tim Knight   |   Fri, 8 Jul 2016 16:29:02

Opinion: Don't Forget the Western Balkans

Following the Brexit vote, attention in the EU is likely to shift to internal debates on the future of European integration. But it's important that Europe not forget the Western Balkans, for whom the prospect of membership in the bloc is an important motivator for peace.
Spiegel   |   Fri, 8 Jul 2016 16:26:19

MORGAN STANLEY: There's a 40% chance of a global recession in the next year

There's a 40% chance of a global recession in the next year, according to Morgan Stanley. The US investment bank raised its estimate on the probability from 30%, because of Brexit and the political and economic instability of its aftermath. In the UK, the leadership situation has been "increasingly fluid," ...
Business Insider   |   Fri, 8 Jul 2016 16:21:55

London real estate sales jump

A slide in the British pound attracted bargain hunters seeking a rare opportunity to buy London property at a discount.
CNBC   |   Fri, 8 Jul 2016 16:14:00

BRIEF-S&P affirms 'AAA/A-1+' ratings on Germany; outlook stable

* Germany's diversified economy to continue to be able to absorb large economic, financial shocks; we see no impact from brexit on sovereign ratings
Reuters   |   Fri, 8 Jul 2016 15:41:24

Kazakhstan just one-upped George Soros

Kazakhstan just one-upped George Soros. In an interview with Bloomberg News' Nariman Gizitdinov, Daniyar Akishev, the governor of the Kazkahstan's central bank, said the bank bet pulled out the British pound ahead of the Brexit vote. Akshev told Gizidinov the bank went long at 1.4350 pounds against the dollar, and ...
Business Insider   |   Fri, 8 Jul 2016 15:22:00

Why Italy could be the next European country to face an economic crisis

In the United States, we view the economic crisis that started in 2008 as something that ended years ago; the story now is the slow pace of recovery. But in Europe, the crisis genuinely hasn't ended. Greece had a major debt crisis as recently as last year, and Spain is ...
Vox   |   Fri, 8 Jul 2016 15:20:02

Senior MP tells regional leaders to fight for 'northern powerhouse'

Local government secretary Greg Clark urges northern cities to push their case amid Brexit and party leadership upheaval The north of England has a "big fight" ahead to ensure the new prime minister does not abandon the "northern powerhouse" project to rebalance the UK economy after the vote to leave ...
Helen Pidd North of England editor / Guardian   |   Fri, 8 Jul 2016 15:10:10

José Manuel Barroso to become next head of Goldman Sachs International

Former Portuguese PM and head of EU commission will help Wall Street firm deal with fallout of Brexit vote José Manuel Barroso, the former Portuguese prime minister and one-time head of the European commission, has been hired by Goldman Sachs to will help the Wall Street firm deal with the ...
Jill Treanor / Guardian   |   Fri, 8 Jul 2016 15:09:44

Wall Street: Best places to invest

In the global search for returns after the Brexit vote, many analysts see opportunity in U.S. stocks and emerging markets.
CNBC   |   Fri, 8 Jul 2016 14:51:00

EUR/USD Could Grind Higher Towards 1.25: UBS

Following the "Leave" side prevailing in the U.K. referendum, UBS analysts believe the EUR/USD will continue its gradual convergence higher toward a fair value of around 1.25. Daniel Waldman and team said in their July 5 research piece titled "Global FX Atlas: [...]
Value Walk   |   Fri, 8 Jul 2016 14:48:57

With every crisis comes a big job title

UK plc needs negotiators with experience in its Brexit-induced hour of need
FT   |   Fri, 8 Jul 2016 14:33:41

Some pivotal questions about UK real estate

Osmaan Malik and Charles Boissier from the UBS equities team breakdown some of the key questions everyone is asking about UK real estate post the Brexit vote. Surprise point: REITs may be better positioned than most expect Continue reading: Some pivotal questions about UK real estate
FT Alphaville   |   Fri, 8 Jul 2016 14:33:03

Markets rise as US jobs smash forecasts - as it happened

US non-farm payrolls jumped by 287,000 in June, easily beating forecasts of a 175,000 rise Introduction: All eyes on the US employment report German exports plunge unexpectedly in May UK trade deficit widens as exports fall more than imports Moody's: Brexit risks political contagion in EU Javid arrives in Mumbai ...
Angela Monaghan / Guardian   |   Fri, 8 Jul 2016 14:24:51

The bond market just did something that hasn't happened since 1956

The bond market just set a distressing record for income-oriented investors. According to Lotfi Karoui and the credit strategy team at Goldman Sachs, yields for corporate bond have not been this low in nearly 6 decades. After noting that the recent Brexit vote had investors searching for safe assets instead ...
Business Insider   |   Fri, 8 Jul 2016 14:12:00

CEE MARKETS-Forint, bonds gain on hopes for Moody's Hungary upgrade

* Moody's may upgrade Hungary to investment grade on Friday * Forint hits firmest levels since June 23 Brexit referendum * Poll sees zloty recovering from Brexit hut by year-end * Serbian...
Reuters   |   Fri, 8 Jul 2016 14:09:05

Investors pile into corporate bond funds

Funds receive inflows of $14.4bn over past week in wake of Brexit jitters, with US receiving main share
FT   |   Fri, 8 Jul 2016 14:05:30

Iron ladies in race to lead

The winner's first task will be to extricate Britain from its 43-year EU membership following the seismic Brexit vote.
Austrailian   |   Fri, 8 Jul 2016 14:00:00

Goldman Ups Gold Fields To Buy, Says Gold Rally Will Continue

Demand for investor safe havens has jumped after Brexit, pushing Treasury yields to new lows and putting some $12 trillion on debt into negative yield territory, according to Fitch Ratings . In this environment, with stimulus on the table from central banks around the world and a depreciating renminbi pushing ...
Stocks To Watch   |   Fri, 8 Jul 2016 13:35:13

Beneath a Placid Surface, Stock Market Is In Danger

Beneath a Placid Surface, Stock Market Is In Danger A number of technical indicators, as well as the post-Brexit rally in bonds and utilities, bode ill for the S&P 500.Beneath a Placid Surface, Stock Market Is In Danger A number of technical indicators, as well as the post-Brexit rally in ...
Barrons   |   Fri, 8 Jul 2016 13:10:52

Your Last Minute Payrolls Preview

Another payroll Friday is upon us and one which would have been a long-awaited event had Brexit not intervened. As Jim reid writes, it's still important as it was only last month (it seems a lifetime ago) that we saw the shock 38k print relative to 160k expectations. The Verizon ...
Zero Hedge   |   Fri, 8 Jul 2016 12:14:27

Cocoa surge set to hit chocolate lovers

Pound's post-Brexit plunge pushes up contracts
FT   |   Fri, 8 Jul 2016 11:49:48

FTSE 100 surge puts pressure on fund chiefs

Brexit turmoil makes it harder to beat the FTSE All-Share index
FT   |   Fri, 8 Jul 2016 11:44:44

Frontrunning: July 8

Snipers kill five Dallas police; Obama calls it 'despicable' attack (Reuters) Global stocks regain ground, Treasury near record low as U.S. jobs data looms (Reuters) House Republicans Push for New Hillary Clinton Investigation (WSJ) Obama urges NATO to stand firm against Russia despite Brexit (Reuters) Kremlin says NATO talk of ...
Zero Hedge   |   Fri, 8 Jul 2016 11:42:51

Spotlight Back on U.S. Jobs and Interest Rates

U.S. futures are pointing to a slightly higher open on Friday as investor focus turns temporarily away from Brexit and the Italian banking system to the June U.S. jobs report and what it means for interest rates. The surprise decision by the U.K. to leave the E.U. and the resurfacing ...
OANDA   |   Fri, 8 Jul 2016 10:37:02

Bank of Italy says public money needed to help embattled banks

Italy's banks are saddled with $400-billion of bad loans and their shares have been hit by heavy selling this year, which has intensified in the wake of last month's Brexit referendum
Globe and Mail   |   Fri, 8 Jul 2016 10:22:37

BIG CALL: A stockbroker thinks London house prices could fall by 20% in the next year

UK investment bank and stockbroker finnCap thinks London house prices could fall as much as 20% in the wake of the Brexit vote. In a note on Friday, finnCap says uncertainty surrounding the UK's economic future will lead investors to put a big discount on property. That may weaken demand ...
Business Insider   |   Fri, 8 Jul 2016 09:56:27

Why the US thinks we'll vote again

'Many Americans seem to find it hard to believe that Brexit will really take place'
Gillian Tett   |   Fri, 8 Jul 2016 09:26:57

Markets and Politics in 2016

Markets and Politics in 2016 David R Kotok Cumberland Advisors, July 7, 2016     As the second half of 2016 unfolds, politics seem to be the single dominant global force. Markets either ignore politics or panic in the face of them. Let's take an inventory. Brexit Certainly all eyes ...
The Big Picture   |   Fri, 8 Jul 2016 09:00:27

Brexit and Trump a reminder that trade deals must offer visible employment payoff: Don Pittis

To free market economists, the promise of more and more trade deals is part of global business efficiency. But the Brexit vote and support for Donald Trump are both reminders that business success is not enough if it creates a populist backlash from the underemployed.
Don Pittis / CBC   |   Fri, 8 Jul 2016 09:00:00

Foxes in the Chicken House

Turning Inward U.S. stocks fell a little on Monday. After the excitement of Brexit, investors don't seem to know what to do. Some believe the vote in Britain signals a "breaking up" pattern... a move toward Trumpism and away from globalization and financialization. Mark Carney... quite possibly the biggest bubble ...
Acting Man   |   Fri, 8 Jul 2016 08:44:08

Beaufort Securities Breakfast Alert : UK consumer confidence falls sharply in July

A nervous opening in London is expected to see the FTSE-100 marked down around 20 points in early trade. Perhaps not too surprising, the first assessment of UK consumer confidence post-Brexit makes for sobering reading. The all-important survey, which acts as a bellwether for the overall economic outlook, registered its ...
Proactive Investors   |   Fri, 8 Jul 2016 08:26:00

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

Daniel Dunford / Telegraph   |   Fri, 8 Jul 2016 08:15:00

Smaller UK banks squeezed hard: OakNorth chair

OakNorth chairman, Cyrus Ardalan says the Bank of England's decision to reduce the capital buffer rate is a positive step, while discussing the banking sector impact following Brexit.
CNBC   |   Fri, 8 Jul 2016 08:08:00

The Biter Bit: Gove Comes a Cropper

The EU referendum campaign ended well enough for Michael Gove. His side, the one that clamored for leaving the European Union, won a surprise victory; his friend and colleague Boris Johnson looked poised to replace David Cameron as prime minister; Gove could be assured of a spot at his side ...
National Review   |   Fri, 8 Jul 2016 08:00:53

Markets cautious ahead of US jobs data

Stocks mixed and bond yields dip as Brexit worries linger
FT   |   Fri, 8 Jul 2016 07:08:29

Further reading

Elsewhere on Friday, - Constâncio yesterday: "The present situation, after a new round of reduced stock prices following Brexit, deserves a deep reflection about the offsetting of some market failures with a small public support to markedly improve the stability of some banking sectors." - Das: Why traders have lost ...
FT Alphaville   |   Fri, 8 Jul 2016 07:04:05

UK consumer confidence in sharpest drop in decades amid recession fears

U.K. consumer confidence has fallen dramatically in the wake of the Brexit referendum result.
CNBC   |   Fri, 8 Jul 2016 06:27:00

Lagarde Flip-Flops Again On Brexit, Warns Of Trump-Style Protectionism

Submitted by Michael Shedlock via MishTalk.com, Ahead of the vote on Brexit, IMF head Christine Lagarde warned of a prolonged period of uncertainty. After the vote, Largarde said Brexit provided the EU a better opportunity for reform. Today Largarde is certain of disastrous consequences if another large county turns protectionist. ...
Zero Hedge   |   Fri, 8 Jul 2016 06:00:00

NATO leaders to show resolve towards Russia

NATO leaders will display their resolve towards a resurgent Russia at a summit despite what many see as a weakening of the West due to Britain's vote to leave the EU.
CNBC   |   Fri, 8 Jul 2016 05:29:00

Asian Shares Mostly Lower

Shares in Asia broadly slipped amid unease over lower oil prices and a coming U.S. jobs report, as the focus of traders' anxiety shifted away from Brexit.
WSJ   |   Fri, 8 Jul 2016 04:31:12

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

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: 09 Jul 2016     |     enquire