Brexit News Archive: 11 Jul 2016

More pain ahead for US banks: Bair

Brexit has reduced the likelihood of another Fed rate hike, Sheila Bair says.
CNBC   |   Mon, 11 Jul 2016 22:01:00

IMF warns Italy of two-decade-long recession

Eurozone's third biggest economy may not recover from 2008 financial crash until mid-2020s, according the fund's annual report The fragile state of Italian banks in the fraught post-Brexit financial climate has been highlighted by the International Monetary Fund, in a stark warning that the eurozone's third biggest economy will have ...
Larry Elliott / Guardian   |   Mon, 11 Jul 2016 22:00:01

Seven Takeaways From Theresa May's Ascension to U.K. Prime Minister

Richard V. Reeves: With Theresa May poised to become the next U.K. prime minister, there is a reasonable chance that the post-Brexit whirlwind of U.K. politics will quiet somewhat.
WSJ Washington Wire   |   Mon, 11 Jul 2016 21:04:33

Market Recap Jul 11, 2016

BREXIT!!! DON'T DO IT OR STOCKS WILL.... end at all time highs in the U.S. within a few weeks. The major indexes gapped up moderately at the open and stayed firm all day with the S&P 500 gaining 0.34% and the NASDAQ 0.64%. We started earnings season this week and ...
Stock Trading To Go   |   Mon, 11 Jul 2016 20:45:26

Former Treasury Secretary Larry Summers Calls For 'Responsible Nationalism'

NPR's Robert Siegel speaks with Larry Summers, a professor at Harvard's Kennedy School of Government and former U.S. treasury secretary, about his op-ed in the The Washington Post regarding popular support for Brexit and Donald Trump.
NPR   |   Mon, 11 Jul 2016 20:29:16

WeWork Decides To Not Work On London Expansion

This isn't about Brexit (wink wink).
Dealbreaker   |   Mon, 11 Jul 2016 19:45:53

Revealed: A Full Gold and Equities ETF Exposure Strategy

In a post-Brexit world, many have included a gold hedge to diminish further swings from more volatile equity exposure. On the other hand, investors can turn to a single exchange traded fund strategy that implements full exposure to gold and equities simultaneously. On an upcoming webcast, Revealed: A Full Gold ...
ETF Trends   |   Mon, 11 Jul 2016 18:40:47

Ex Burberry CEO Christopher Bailey's First TV Interview Since Departure

In Christopher Bailey's first television interview since being replaced as Burberry CEO by Marco Gobbetti, he talks to Bloomberg Television's Francine Lacqua about his involvement in finding a new CEO, Burberry's strategy and Brexit's impact on the company. Burberry's stock [...]
Value Walk   |   Mon, 11 Jul 2016 18:16:36

Deutsche Bank: UK Inflation Could Explode Above 5%

Since the pound slumped 14 per cent in the wake of the Brexit vote, inflation expectations have surged and analysts have cranked up their inflation forecasts. Today, reports FT, Deutsche Bank warned that a further 10 per cent decline for sterling could threaten inflation's 25-year high of 5.2 per cent. ...
Economic Policy Journal   |   Mon, 11 Jul 2016 18:04:00

Bonus cuts are coming

When U.S. banks post second-quarter results in days, it'll boil down to this: Bonus cuts are coming for just about everyone this year, says Wall Street recruiter Richard Lipstein. "If you are break-even, it's an achievement."
Here Is The City   |   Mon, 11 Jul 2016 17:46:17

A new PM - now comes the hard part

Theresa May will need all her toughness and guile to negotiate Brexit
FT   |   Mon, 11 Jul 2016 17:32:55

"Greed And Fear" Index Soars To Highest Since 2014

Having tumbled to its in 4 months the day after the Brexit vote, CNN's Fear & Greed indicator has roared higher to 82... The since mid-2014... the last time that The BoJ went full crazy with QQE2 (as The Fed ended QE2) and was rapidly followed by Jim Bullard's QE4-hint-driven ...
Zero Hedge   |   Mon, 11 Jul 2016 17:21:26

PREVIEW- How is ASOS travelling on its roadmap?

A trading statement from online fashion group and AIM heavyweight ASOS (LON:ASC) is sure to be closely scrutinised on Tuesday. Recently the firm, which will be posting at a time of reportedly decreasing UK consumer confidence post the Brexit vote, gave analysts a detailed insight of its road-map towards its ...
Proactive Investors   |   Mon, 11 Jul 2016 16:55:00

U.K.'s next prime minister: I'll tackle executive pay

Theresa May is promising to get tough on big business, and ease up on austerity, after last month's Brexit vote laid bare huge divisions across the U.K.
CNN   |   Mon, 11 Jul 2016 16:32:38

Companies have already lined up their latest excuse for poor performance

When S&P 500 companies hold conference calls after quarterly earnings, they are typically a time to update investors on the health of the business and allow analysts to ask questions to get a deeper understanding of the future of the firm. Conference calls also give executives time to vent about ...
Money Game   |   Mon, 11 Jul 2016 16:18:16

Are women party leaders set up to fail? What business tells us about the 'glass cliff'

A win for feminism? EPA/Andy Rain It's an interesting time for feminists following politics. The post-Brexit political landscape in the UK looks a bit different to the norm. With Theresa May set to become the next prime minister, and MP Angela Eagle challenging Jeremy Corbyn to be leader of the ...
Julia Yates, Senior Lecturer in Psychology, University of East London / The Conversation   |   Mon, 11 Jul 2016 15:44:53

George Soros Created the European Refugee Crisis?

How George Soros Created the European Refugee Crisis-and Why By David Galland and Stephen McBride, Garret/Galland Research George Soros is trading again. The 85-year-old political activist and philanthropist hit the headlines after Brexit saying the event had [...]
Value Walk   |   Mon, 11 Jul 2016 15:27:11

U.K. Pub Stocks' Pint of Woe

British pub stocks take a hit on Brexit.
Barrons   |   Mon, 11 Jul 2016 15:22:32

How to fix the corporate tax system

With Europe in disarray after Brexit, US lawmakers should fix the nation's broken system for taxing foreign profits of US corporations. In theory, foreign profits of US corporations are subject to a US tax of 35 percent. But in practice, these profits are not taxed at all by the United ...
Brookings   |   Mon, 11 Jul 2016 15:22:00

Theresa May becomes Tory leader, new PM

Rome, July 11 - Theresa May has become Conservative Party leader and British Prime Minister after her only remaining rival, Angela Leadsom, pulled out Monday. Home Secretary May, 60, will succeed David Cameron who quit after the Brexit vote. Meanwhile Angela Eagle officially launched her challenge t
Gazzetta Del Sud   |   Mon, 11 Jul 2016 15:06:00

Why Stock Market Investors Should Expect the Unexpected

Why Stock Market Investors Should Expect the Unexpected Read our forecast for a market rally in the wake of Brexit By Elliott Wave Note: The text version of the story is below.] Investors who jump on "sure things"... Please click on the post title or visit for full content.
EconMatters Global   |   Mon, 11 Jul 2016 15:03:00

Intel Corporation Stock Poised To Hit A New High

Intel has moved up more than 10% since the Brexit saga, which hit the capital markets last month. With help from one or more positive developments, the chip maker has been able to gain investors' confidence. Based on all these developments, [...]
Value Walk   |   Mon, 11 Jul 2016 14:00:34

Elbit Systems on hunt for acquisitions

Israeli aerospace and defence company is interested in buying UK assets and is undeterred by Brexit
FT   |   Mon, 11 Jul 2016 13:59:34

YouTube channels benefit as kids look beyond traditional TV

Producers of content from toy-unboxing videos to Minecraft gamers and vloggers target growing children's market At the Children's Media Conference in London last week, one big structural shift in how the young watch TV loomed large amidst conversations about diversity and the impact of Brexit. YouTube was still the hottest ...
Stuart Dredge / Guardian   |   Mon, 11 Jul 2016 13:52:30

A Sense of Foreboding

Doubts About Debt This was a shortened week, due to the American holiday of July 4, celebrating the start of the war that lead to 240 years ago. Amerexit and Brexit... The prices of the metals were up this week, +$25 in gold and +$0.48 in silver. The gold to ...
Acting Man   |   Mon, 11 Jul 2016 13:46:13

Bourses rally as Wall St hits record

Fading Brexit woes and 'Goldilocks' jobs data boost mood
FT   |   Mon, 11 Jul 2016 13:42:46

Stocks are at all-time highs (NTDOY, SPY, SPX, DJI, IXIC)

Stocks are at all-time highs for the first time since May 2015. Shortly after the market open on Monday, the benchmark S&P 500 index crossed the old intra-day record of 2,134.72 it reached on May 20. The tech, energy and materials sectors led early gains. After recovering its post-Brexit losses, ...
Money Game   |   Mon, 11 Jul 2016 13:31:00

May set to become Tory leader, new PM

Rome, July 11 - Theresa May is set to become Conservative Party leader and British Prime Minister after her only remaining rival, Angela Leadsom, pulled out Monday. Home Secretary May, 60, will succeed David Cameron who quit after the Brexit vote. Meanwhile Angela Eagle officially launched her chall
Gazzetta Del Sud   |   Mon, 11 Jul 2016 13:26:00

Dutch bonds just did something that we haven't seen in 499 years

Dutch 10-year government bond yields dropped below zero for the first time ever on Monday, making them the latest to join the negative yield club. The Netherlands' 10-year dipped by 0.08 percentage points to as low as -0.007%. It has fallen by about 30 basis points since the June Brexit ...
Money Game   |   Mon, 11 Jul 2016 13:25:00

What I've been reading in June

In between all that Brexit, I've read some cracking books of late. TED Talks by Chris Anderson. I wrote a piece about the book here; as a person who devours books about public speaking, this is by far the best I've seen. Bravo. (US) (UK) The Shock of the Old ...
Tim Harford   |   Mon, 11 Jul 2016 13:17:49

One Essential Retirement Rule Often Ignored

Brexit aside, most people are ignoring one huge retirement rule. Here's what you need to know.
John Wasik, Contributor / Forbes   |   Mon, 11 Jul 2016 12:56:00

There's a good reason to be a Long Room member...

It provides access to useful posts, like this one - a collection of timely reads on the financial consequences of Brexit. Long Room membership is free, but access is restricted to finance professionals. In joining, you'll be asked to fill out a little form and provide contact details. But don't ...
FT Alphaville   |   Mon, 11 Jul 2016 12:45:00

Labour Demand Snap Election

Corbynista Jon Trickett says: "It is crucial, given the instability caused by the Brexit vote, that the country has a democratically elected Prime Minister. I am now putting the whole of the party on a General Election footing. It is time for the Labour Party to unite and ensure the ...
Guy Fawkes' blog   |   Mon, 11 Jul 2016 12:16:26

Stocks are near all-time highs (NTDOY, SPY, SPX, DJI, IXIC)

US stock futures are rallying ahead of the opening bell on Monday, putting the S&P 500 within reach of new intra-day and closing highs. After recovering its post-Brexit losses, the benchmark index on Friday touched its previous closing record of 2,130.82 reached on May 21, 2015. It closed at 2,129.90 ...
Business Insider   |   Mon, 11 Jul 2016 11:56:33

Volatility Spikes: A Test of Mental Fortitude

Note: This article appears on the ETFtrends.com Strategist Channel By Innealta Capital In June, the British European Union membership referendum (colloquially, the "Brexit" vote), created widespread uncertainty and ultimately resulted in significant moves across global financial markets. Investor demand for insurance, via the options market, reached levels not seen since ...
ETF Trends   |   Mon, 11 Jul 2016 11:55:09

Sole Contender For U.K. Prime Minister Vows To Tackle High Pay And Put Workers On PLC Boards

Another Monday, another surprise- living in the United Kingdom since the June 23rd EU referendum, which resulted in a 'Leave' vote, has been like living in a parallel universe. There has been a great deal of political talk about 'Brexit', and no action - Article 50 has not been invoked, ...
Dina Medland, Contributor / Forbes   |   Mon, 11 Jul 2016 11:47:00

Morning News: July 11, 2016

Bye-Bye Bonus: Brexit Seen Biting Profit for Years at U.S. Banks South Korea to Decide Soon on Whether to Suspend VW Car Sales Weakling Earnings [...]
Eddy Elfenbein   |   Mon, 11 Jul 2016 11:10:44

Top firm CEO congratulated traders - some worked 36 hours straight through

Tales from the trading floor.
Here Is The City   |   Mon, 11 Jul 2016 11:08:46

Where markets go from here...

Kristina Hooper, Allianz Global Investors weighs in on yields, stocks and the long-term impact of Brexit on growth.
CNBC   |   Mon, 11 Jul 2016 11:08:00

Brexitfallout - the business winners ... and losers

The lengthening list of major UK companies who stand to benefit from the EU referendum result and the falling pound ... and those who don't The pound has plunged since Britain voted to leave the EU on 23 June and consumer confidence has taken a battering but it hasn't been ...
Sean Farrell / Guardian   |   Mon, 11 Jul 2016 11:06:48

Deutsche Börse set to lower bar for London Stock Exchange deal

Deutsche Börse AG (ETR:DB1) could lower the bar for approving its planned £20bn tie-up with the London Stock Exchange Group Plc (LON:LSE) amid 'Brexit' fears. The Frankfurt-based stock exchange is considering reducing the shareholder acceptance threshold from 75% amid reported fears that it will not be able to reach that ...
Proactive Investors   |   Mon, 11 Jul 2016 10:15:00

California Inc.: Will the weak U.S. box office kill a mega merger of theater chains?

Welcome to California Inc., the weekly newsletter of the L.A. Times Business section. Here's a rundown of upcoming stories this week and the highlights of last week. Sure, we're all still in the throes of the "Brexit" vote, but you just wouldn't know it if the U.S. stock market is ...
LA Times   |   Mon, 11 Jul 2016 10:00:00

FTSE 100 Hits New 11-Month High...

The FTSE 100 is now up nearly 5 per cent since the UK's EU referendum and has hit an 11-month high. The Dow Jones Industrial Average is flirting with an all time record high. If only we knew that the Brexit panic would be extremely over done. Oh yeah. -RW
Economic Policy Journal   |   Mon, 11 Jul 2016 09:55:00

Bulls Should Keep Low Profile - Stock Market Still In Return-Reversion Mode

The quick rebound from the Brexit low caused excitement to bulls and this is understandable. However, the stock market is still in return-reversion mode and it can reverse for exactly the same reasons that it rallies: robots call the shots. ... Continue reading → Bulls Should Keep Low Profile - ...
Price Action Lab   |   Mon, 11 Jul 2016 09:47:24

The Canadian Patient

As Brexit Britain weighs the option of a free-trade agreement to access to the EU single market, it would do well to consider the sobering example of a similar deal betweenEurope and Canada. It is relatively uncontentious, yet floundering in choppy political waters. Known as CETA, talks on a deal ...
FT Brussels Blog   |   Mon, 11 Jul 2016 09:32:53

Bourses rally as Wall St eyes record

Fading Brexit woes and 'Goldilocks' jobs data boost mood
FT   |   Mon, 11 Jul 2016 09:32:14

Hot foreign exchange app Revolut is worth £60 million in £6.75 million funding round

Fast-growing foreign exchange startup Revolut has raised £6.75 million ($8.69 million) from venture capital firms including London blue-chips Balderton Capital and Index Ventures, and is raising a further £1 million ($1.29 million) through crowdfunding. London-based Revolut is an app linked to a pre-paid MasterCard. It lets people load money from ...
Business Insider   |   Mon, 11 Jul 2016 09:30:38

The promise of Regrexit

George Soros: After Brexit there has been a big swing in sentiment in favour of the EU. Europe's leaders should seize the opportunity Until the people of the UK voted to leave the European Union, the refugee crisis was the greatest problem Europe faced. Indeed, that crisis played a critical ...
George Soros / Guardian   |   Mon, 11 Jul 2016 09:30:34

Obama: "We must reject the 'us vs them' mentality of some politicians"

The US president addresses Brexit, populism, terrorism and Latin America
Marc Bassets / EL PAÍS   |   Mon, 11 Jul 2016 08:47:44

FTSE 100 Index climbs as US non-farm payrolls boost sentiment

Stocks large and small were in positive territory on Monday after upbeat US job news on Friday eclipsed 'Brexit' gloom, for the moment at least. The FTSE 100 Index climbed 10.68 points to 6601.32 while the FTSE 250 jumped 119.76 points to 16297.51. Meanwhile, the FTSE AIM 100 rose 7.47 ...
Proactive Investors   |   Mon, 11 Jul 2016 08:40:00

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

Daniel Dunford / Telegraph   |   Mon, 11 Jul 2016 08:39:51

Passport aims for African integration

Despite wariness after Brexit, group of 54 countries moves towards pan-Africanism
FT   |   Mon, 11 Jul 2016 08:38:22

Paul Krugman: Cheap Money Talks

What is the "extraordinary plunge in long-term interest rates" telling us?: Cheap Money Talks, by Paul Krugman, NY Times: What with everything else going on, from Trump to Brexit to the horror in Dallas, it's hard to focus on developments...
Economist's View   |   Mon, 11 Jul 2016 07:51:00

Global shares rise on Wall Street gain on upbeat jobs report

Global shares rose Monday after Wall Street rose on a strong employment report and global investors recovered gradually from post-Brexit jitters
U.S. News   |   Mon, 11 Jul 2016 07:39:13

The great risk shift and populism

What's at stake: For many commentators, Brexit was the signal of a broad populist backlash and illustrated the need to articulate policies that address the grievances of those citizens who have been left behind by recent economic changes.
Bruegel   |   Mon, 11 Jul 2016 07:36:10

A slow train coming up around the bend

Drove back from Germany with enough Dylan CDs to cover the ten-hour drive. And had a revelation! This unequalled expert in messy break-ups sounded like he was commenting Brexit in every second song! It's even possible to put together a full heart-breaking post-referendum dialogue only using Dylan quotes: UK: I'll ...
Ideas on Europe   |   Mon, 11 Jul 2016 07:00:38

Futures higher following upbeat jobs report

U.S. stock futures were higher Monday, after Wall Street rallied on a U.S. jobs report and as investors continued to recover from post-Brexit jitters.
USA Today   |   Mon, 11 Jul 2016 06:59:14

Further reading

Elsewhere on Monday, - JW Mason: I don't see any method at all. - 'Hmmmm' inducing but interesting: "All told, the Brexit story is mainly about values, not economic inequality." - Age is more than just a number. - The strange story of a murdered banker in Puerto Rico. Continue ...
FT Alphaville   |   Mon, 11 Jul 2016 06:46:39

FTSE 100 opens modestly higher

The FTSE 100 was 32 points to the good at open this morning to 6.622, as a resilient US economy eased Brexit sentiment. The top winner was Anglo American (LON:AAL) up 26p or 3.5% to 771p. The biggest loser was Dixons Carphone (LON:DC) down 11p or 3.5% to 304p Preview ...
Proactive Investors   |   Mon, 11 Jul 2016 05:59:00

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Monday. Asian stocks are charging on Monday. Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields ...
Business Insider   |   Mon, 11 Jul 2016 05:54:35

Reasons behind Leave

I too think Brexit was a mistake and that many people voted for very negative reasons, including xenophobia and bigotry. However, I object to the vilification and demonisation of the people who voted Leave in Edward Caruana Galizia's article ('And thanks for fish and chips', July 5) as I think ...
Rupert Grech, Valletta / Times of Malta   |   Mon, 11 Jul 2016 04:14:05

Gold's Price Is Indicative of Turmoil, But Stock Prices Dispute That Theory

The tremendous rally in Gold this year has at times seemed somewhat reasonable. The Chinese markets brought volatility to America's Stock Markets and "Brexit" provided a continued element of uncertainty to worldwide markets. The Post-Brexit environment however, has been nothing but up for U.S. Equity Markets and without uncertainty in ...
Fred Oltarsh, Contributor / Forbes   |   Mon, 11 Jul 2016 02:12:00

Russell Napier Reveals The "Only Question That Matters For Global Investors"

From Russell Napier of ERI-C Now only one question matters for global investors --- Wo ist der Hubschrauber? (Where is the helicopter?). The decline of European commercial bank share-prices before Brexit made it clear that a monetary reflation of Europe was failing. The collapse in these same share-prices post-Brexit means ...
Zero Hedge   |   Sun, 10 Jul 2016 23:58:20

Asian shares rise on Wall Street gain on upbeat jobs report

TOKYO (AP) - Asian shares rose Monday after Wall Street rose on a strong U.S. employment report and as global investors recovered gradually from post-Brexit jitters.
Associated Press   |   Sun, 10 Jul 2016 23:31:00

Lowest-paid workers to receive smaller pay rises, says thinktank

Uncertainty caused by Brexit vote means 'national living wage' will rise more slowly, according to the Resolution Foundation Millions of workers on the national living wage are set for smaller than expected pay rises by the end of the decade after the EU referendum, according to a thinktank. The "national ...
Sarah Butler / Guardian   |   Sun, 10 Jul 2016 23:01:35

What's Next for the Never Trump Camp?

Just as with Britain's Brexit vote, the smart money has decided that the Never Trump movement among Republican delegates has no chance of succeeding. The Donald has won 1,542 delegates, well above the 1,237 needed to nominate. No major alternative candidate has publicly said he wants to challenge Trump. Many ...
National Review   |   Sun, 10 Jul 2016 22:32:31

Irony Of The Day: Hollande Lectures US About Trump; Two-Way Frexit?

Submitted by Michael Shedlock via MishTalk.com, French president Francois Hollande endorsed Hillary Clinton while warning "U.S. Election Risks Turning Into Brexit Vote II". French President Francois Hollande, who last month endorsed Hillary Clinton in the U.S. presidential race, said the November ballot threatens to play out along similar lines to ...
Zero Hedge   |   Sun, 10 Jul 2016 22:00:00

A Swiss Way For The U.K.?

Switzerland has never been a member of the European Union. Former Swiss President Micheline Calmy-Rey says that it could provide a potential model for the U.K. after the "Brexit" vote.
NPR   |   Sun, 10 Jul 2016 21:18:29

10 Years (Or Less): Orwell's Vision Coming True

Submitted by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via SHTFPlan.com, In the wake of all of the Brexit vote furore, a chilling blurb made headlines and it went largely unnoticed and uncommented upon. The line was couched within ...
Zero Hedge   |   Sun, 10 Jul 2016 21:00:00

Russian Threat Takes Center Stage at NATO's Warsaw Summit

WARSAW, Poland-Russian aggression, radical Islamist terrorism, the refugee crisis, Brexit, Afghanistan. The list of challenges NATO leaders faced at the biennial summit here over the... Read More The post Russian Threat Takes Center Stage at NATO's Warsaw Summit appeared first on The Daily Signal .
The Foundry   |   Sun, 10 Jul 2016 20:18:50

Sunday assorted links

1. You can print your photos as pancakes now (there is no great pancake stagnation). And can you serve draft beer on an airplane? 2. Police officer shootings are down, down, down. 3. Are we unraveling? (Ross Douthat, NYT) 4. Brexit voting was a matter of values. 5. 23andMe is ...
Marginal Revolution   |   Sun, 10 Jul 2016 17:54:26

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. With the VIX Index bottoming and equity markets back to pre-Brexit highs, risk is increasing.
Market Clues   |   Sun, 10 Jul 2016 17:52:00

Waiting (In Vain?) For An Earnings Rebound

Waiting (In Vain?) For An Earnings Rebound by Worth Wray, STA Wealth Management Inside This Edition: Stocks Reverse Course Post-Brexit...For Now For What It's Worth Weekly Technical Comment 401k Plan Manager Features Articles & Interviews Stocks Reverse Course Post-Brexit...For Now [...]
Value Walk   |   Sun, 10 Jul 2016 17:50:50

£1.3bn UK tidal power project doubts rise

Company behind venture points to Brexit uncertainty
FT   |   Sun, 10 Jul 2016 17:37:02

The Markets are Speaking ... Listen Up

I am watching Wimbledon this afternoon and taking a break from my vacay to look through the markets and catch up. It was a 'wow' week in at least the US markets. Just two weeks ago #Brexit was being talked of as a 'Black Swan' global event but by yesterday ...
Howard Lindzon   |   Sun, 10 Jul 2016 15:38:26

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 ...
Tim Knight   |   Sun, 10 Jul 2016 15:21:59

Daily Digest 7/10 - A Week Of Bloodshed In America, World Economy Going "Nowhere Fast"

Nowhere Fast: Drifting World Economy Skirts Worst But Still Lags A Week Of Bloodshed In America Oldest and Youngest May Determine Presidential Election How George Soros Singlehandedly Created the European Refugee Crisis-and Why After 'Brexit' Vote, Immigrants Feel a Town Turn Against Them You Might Make More Money Not Taking ...
Peak Prosperity   |   Sun, 10 Jul 2016 15:05:30

Bank of England considers interest rate cut to tackle Brexit crisis

The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the Brexit vote.
Here Is The City   |   Sun, 10 Jul 2016 14:27:23

Investors watching property redemptions

Among big questions: UK property redemptions, US payroll fallout, Brexit and US earnings
FT   |   Sun, 10 Jul 2016 12:05:46

Bank of England considers interest rate cut to tackle Brexit crisis

Monetary Policy Committee discussing a range of options, which include keeping rates on hold or slashing them to zero The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the Brexit vote. Some ...
Katie Allen / Guardian   |   Sun, 10 Jul 2016 11:42:31

Brexit's lessons for the rise of Mr Trump

Asset managers' elite metropolitan life makes it unsurprising they didn't foresee the Leave vote
FT   |   Sun, 10 Jul 2016 09:01:05

Senior politician Eagle to challenge U.K. Labour chief for party leadership post

Britain's main opposition Labour Party faces a leadership battle after a challenger to Jeremy Corbyn finally stepped forward Saturday after a Brexit vote which caused political turmoil. Senior lawmaker Angela Eagle is to stand against veteran socialist Jeremy Corbyn, the embattled head of the left-of-center party, who has faced criticism ...
Japan Times   |   Sun, 10 Jul 2016 07:07:06

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   |   Sun, 10 Jul 2016 04:55:06

Today's Headlines

Bloomberg: S&P 500 Closes Near Record as Jobs Data Caps Post-Brexit Rebound. (video) A week's evidence that the U.S. economy's ill health has been overstated and dovish talk from the Federal Reserve combined to briefly catapult the S&P 500 Index above its May 2015 record close, leaving stocks on the ...
Between the Hedges   |   Sun, 10 Jul 2016 03:40:00

After Brexit, immigrants feel a UK town turn on them

Since the Brexit vote, latent hostility in the U.K. toward the newly arrived EU citizens has burst into the open, many immigrants say.
CNBC   |   Sun, 10 Jul 2016 01:36:00

Obama: "We have to reject the 'us versus them' mentality of some cynical politicians"

Ahead of his official visit to Spain, and via written responses to EL PAÍS, the US president addresses the political and economic situation in Spain, the challenge of populism and 'Brexit,' the threat of terrorism and the new relationship with Latin America
Marc Bassets / EL PAÍS   |   Sat, 9 Jul 2016 22:01:40

Huh! the Viking war chant

"Fairy tales still exist!" Prime Minister Sigurdur Ingi Johannsson told the Iceland national football team when they arrived back home to a heroes' welcome in Reykjavik. In a world of Isis, Dallas shooting, Baghdad attacks, Brexit, Panama papers, Trump, Zika and Maypole boobs it is becoming increasingly hard to believe ...
Kristina Chetcuti / Times of Malta   |   Sat, 9 Jul 2016 22:01:17

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

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

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