Brexit News Archive: 16 Jul 2016

The One Key Indicator Pointing To A Bear Market

Submitted by Chad Shoop via The Sovereign Investor blog, On Monday, the S&P 500 and Dow Jones Industrial Average made history when they closed at all-time highs for the first time in more than a year. Many investors are now expecting a modest rally to ensue, as Brexit worries fade ...
Zero Hedge   |   Sat, 16 Jul 2016 21:05:00

The Women Who Are Cleaning Up

Britain gets a female prime minister, so now politics is like housework?
JULIA BAIRD / NY Times   |   Sat, 16 Jul 2016 20:10:57

US Election Will Mean And Stocks

Following Brexit, the US election will be the next big confidence shock to hit the global financial markets. That's according to Bank of America economist Ethan Harris who, in a research note sent to clients at the end of last [...]
Value Walk   |   Sat, 16 Jul 2016 19:34:18

Delta highlighted one of the biggest issues that we'll hear all earnings season (DAL)

As expected, the "Brexit" is continuing to show up in company earnings. Delta Air Lines topped forecasts for profits but missed slightly on operating revenues in the second quarter, its earnings statement released on Thursday showed. The company announced adjusted earnings per share of $1.47 (versus $1.42 expected, according to ...
Business Insider   |   Sat, 16 Jul 2016 15:21:00

4 Ridiculously Cheap Dividend Stocks To Buy Now - And 1 To Sell

Feel like you missed out on the Brexit bargain hunt? If so, you're not alone. You had to be quick to snap up cheap dividend growth stocks when the S&P 500 plunged 5.7% in the two days following the vote, because five trading days later, it had largely recouped that ...
Brett Owens, Contributor / Forbes   |   Sat, 16 Jul 2016 14:14:00

MiB: Richard Haass

This week on our Masters in Business podcast, we speak with Richard Haass, President of the Council on Foreign Relations. Given all of the recent events overseas, this conversation on everything from Terrorism to Trade to Immigration to Brexit could not possibly be more timely. After graduating Oberlin College with ...
The Big Picture   |   Sat, 16 Jul 2016 14:00:24

How Much Did Attack in France Clip Airline Stocks?

After recovering from a post-Brexit retreat, airline stocks opened lower in the wake of the horrific Bastille Day attack that killed scores of people in France. AAL ALK DAL JBLU LUV UAL 247paul commercial airline
24/7 Wall St.   |   Sat, 16 Jul 2016 13:40:54

The Yield is Gone - How Advisors can Avoid a "Clexit"

Note: This article is courtesy of By Bill Acheson Remember the phrase "lower for longer" that the market used to use to describe the outlook for US interest rates? In a post-Brexit world, "lower forever" seems more appropriate. The continued, and possible permanent, low interest rate environment worldwide holds ...
ETF Trends   |   Sat, 16 Jul 2016 12:00:45

Labour MPs Make Complete Ankaras of Themselves

Responding to the coup in Turkey, in which 90 died, protesters were gunned down and over 1,000 were injured, top Corbynista Shadow Cabinet member Jon Trickett said: It's now been deleted. Chris Bryant for some reason decided it was all about Brexit: Turkey is now and has long been a ...
Guy Fawkes' blog   |   Sat, 16 Jul 2016 08:36:28

Contributing Op-Ed Writer: The Women Who Are Cleaning Up

Britain gets a female prime minister, so now politics is like housework?
JULIA BAIRD / NY Times   |   Sat, 16 Jul 2016 05:42:19

Earlier: Preliminary Consumer Sentiment at 89.5 in July

The preliminary University of Michigan consumer sentiment index for July was at 89.5, down from 93.5 in June: "The early July decline in consumer sentiment was due to increased concerns about prospects for the national economy that were mainly voiced by high income households. Prior to the Brexit vote, virtually ...
Calculated Risk   |   Sat, 16 Jul 2016 00:33:00

DIARY-Top Economic Events to July 28

MONDAY, JULY 18 LONDON- Bank of England Monetary Policy Committee member Martin Weale speaks at the Resolution Foundation event on the topic "The implications of Brexit for monetary policy"- 0815 GMT. ALMERIA, Spain- Bank of Spain Governor Luis Maria Linde to open banking conference in Almeria- 0900 GMT. ATHENS- EU ...
CNBC   |   Sat, 16 Jul 2016 00:01:00

Centrists must embrace anti-elitism or face extinction.

Instead of aping chauvinism, centrists must respond imaginatively to the anti-political sentiment behind Brexit and the rise of far right parties. Centrists politics have lost ground to populist candidates such as Donald Trump. Photo: Gage Skidmore. Flickr. Creative Commons ...'open' versus 'closed' - rather than 'left' versus 'right' - is ...
Open Democracy   |   Fri, 15 Jul 2016 23:00:31

Capitalism Has Entered A New Era-And Historic Returns Are Gone Forever - Janus Capital

Capitalism Has Entered A New Era-And Historic Returns Are Gone Forever by John Mauldin, Mauldin Economics We live in interesting times. We continue to see repercussions from Brexit. The other major players-in Europe, China, and Japan-seem to be in a [...]
Value Walk   |   Fri, 15 Jul 2016 21:55:48

Going upwards

Food, clothing and electrical items are likely to rise in price as a result of Brexit - but bills may not go up until next year
BBC   |   Fri, 15 Jul 2016 21:19:02

Italians reopen rebounding junk market

Two Italian companies confounded expectations and reopened the European high-yield market last week, as an rally overrode concerns over Brexit and even a domestic banking crisis.
IFR   |   Fri, 15 Jul 2016 20:00:00

Editorial: Keeping NATO Relevant and United

Amid Russia’s aggressive tactics and Britain’s Brexit vote, the alliance serves as a regional anchor and a reassurance to Eastern European nations.
THE EDITORIAL BOARD / NY Times   |   Fri, 15 Jul 2016 19:38:39

Already Shaky, U.S. Profits Shudder After Vote

Britain’s vote to leave the European Union bolstered the dollar, which could hurt the earning of American companies that make most of their sales abroad.
PAUL J. LIM / NY Times   |   Fri, 15 Jul 2016 19:33:21

These Are The 10 Corporate Bond With The Most Negative Yields In The World

Earlier today Germany's 10Y Bund crossed back into positive yield territory for the first time since Brexit, after touching as low as -0.20% earlier in the week... ... but that, oddly, does not mean that corporate bunds have to follow. In fact, as Goldman finds, negative corporate bond yields may ...
Zero Hedge   |   Fri, 15 Jul 2016 19:30:00

What to Make of May's Cabinet

Lenin once observed that in some decades nothing happens, and in some weeks, decades happen. That is the position in which Brexit Britain finds itself today.
The American Interest   |   Fri, 15 Jul 2016 19:08:27

Investors flood back into US equities

Low bond yields and company earnings help S&P 500 add $1.4tn since post-Brexit low
FT   |   Fri, 15 Jul 2016 19:04:54

The Women Who Are Cleaning Up

Britain gets a female prime minister, so now politics is like housework?
JULIA BAIRD / NY Times   |   Fri, 15 Jul 2016 18:10:59

Summer shocks hit tour groups and airlines

Terror attacks and Brexit jolt tourism industry as travellers abandon plans for trips
FT   |   Fri, 15 Jul 2016 17:38:36

The Republican Hydra

The rise of Donald Trump and the shock of Brexit has sent a message to many professional commentators that globalization requires more economic protection at home. The Washington Post columnist Fareed Zakaria called such an approach "open and armed." Today, the Republican writers Ross Douthat and Reihan Salam call their ...
Derek Thompson / The Atlantic   |   Fri, 15 Jul 2016 16:33:00

Contributing Op-Ed Writer: The Women Who Are Cleaning Up

Britain gets a female prime minister, so now politics is like housework?
JULIA BAIRD / NY Times   |   Fri, 15 Jul 2016 16:32:01

BAML: Bear Capitulation!

Mark the date 7/11/2016 in your historical calendar. This was the day bears threw up their hands and capitulated, Bank of America Merrill Lynch notes in a July 14 report. But will it hold into the US presidential election? Brexit? [...]
Value Walk   |   Fri, 15 Jul 2016 16:21:37

Hedge Funds Return Positive Performance In H1 2016; CTAs Stay Strong, UK Funds Suffer

Hedge Funds Return Positive Performance In H1 2016 by Preqin All leading strategies posted positive performance through the first half of 2016, with macro and credit strategies recording the highest returns The Preqin All-Strategies Hedge Fund benchmark reveals that hedge [...]
Value Walk   |   Fri, 15 Jul 2016 15:54:16

Puns Join "-gate," "-gasm" & In Baker's Dozen Of Abused Suffixes

Before every scandal became a "gate," there was Watergate. Before every event that lasts longer than it should was labeled a "thon," there was Marathon. Now the headlines about Britain's decision to leave the European Union have resulted in a spate of puns. In fact, the term Brexit itself isn't ...
Consumerist   |   Fri, 15 Jul 2016 15:00:25

Here We Go Again

My, how quickly the narrative changes. Just one week ago, global interest rates were at record lows as Brexit and looming bank failures dominated the headlines. And now today? Everything is "great"! The US economy is "booming" and European banks are "stable". Yeah, well, whatever. Let's see what next week ...
TF Metals Report   |   Fri, 15 Jul 2016 14:35:12

Sharp fall in UK construction signals economic slowdown - as it happened

US markets rise on strong retail sales Britain turns to Canada for post-Brexit trade advice European markets fall following attack in France Bank of England's Haldane: we must act in August UK construction output falls in May 3.17pm BST The pound is now down against the dollar, weakened in part ...
Angela Monaghan / Guardian   |   Fri, 15 Jul 2016 14:17:18

UK firms in the frame for overseas acquirers, says Liberum

The current environment, post Brexit, is ripe for foreign firms to come in and snap up or merge with UK companies, reckons Liberum, which has outlined to investors potential targets. The first half for what's called 'inbound M&A' for the UK has been fairly slow, notes analyst Sebastian Jory, but ...
Proactive Investors   |   Fri, 15 Jul 2016 13:44:00

J.P. Morgan Posts Strong Results as Trading Picks Up

J.P. Morgan Chase & Co. posted quarterly results, tamping down fears the U.K.'s Brexit vote would wreak havoc on banks globally and pointing to underlying strength in the U.S. economy and consumer.
WSJ   |   Fri, 15 Jul 2016 12:50:39

Mining equities show that markets are rational, even if politicians aren't

Time for a quick roll call: Anglo American (LON:AAL), up 15% to 810p since the Brexit vote on June 23rd, Glencore (LON:GLEN) up 17% to 181.9p, RIO Tinto (LON:RIO) up 15% to 2,457p, BHP Billiton (LON:BLT) up 12% to 984p and Antofagasta (LON:ANTO) up 9% to 481p. And over the ...
Proactive Investors   |   Fri, 15 Jul 2016 11:38:00

Cabinet in Numbers: Just 6 Brexiters

Guido has been crunching the numbers for May's new Cabinet. There are only six Brexiters, the same number as in Cameron's last Cabinet. There are only eight female members, one more than previously, hardly a march of the women. Most of the key Cameron and Osborne allies have gone though ...
Guy Fawkes' blog   |   Fri, 15 Jul 2016 10:51:54

Stock Market Surging on News of International Investment

The stock market took a hit after Brexit, but this week the Dow and S&P 500 hit new highs.
Andrew Soergel / U.S. News   |   Fri, 15 Jul 2016 10:00:00

Datawatch: UK satisfaction with government

Satisfaction with how Britain's government was running the country started rising in spring 2013, but declined over the past year. After the Brexit poll it reached its lowest level since David Cameron became premier six years ago. Read more
FT Data   |   Fri, 15 Jul 2016 09:12:13

Theory Of Overnight Manipulation Of Stock Market Is Flat Wrong

There was an article in Business Insider yesterday talking about a theory of overnight manipulation of the stock market via the use of futures, after the Brexit low. However, data below show that this theory fails empirical verification. It is ... Continue reading → Theory Of Overnight Manipulation Of Stock ...
Price Action Lab   |   Fri, 15 Jul 2016 08:16:06

"Voters Deserve Responsible Nationalism Not Reflex Globalism" by Lawrence H. Summers

It is clear after the Brexit vote and Donald Trump's victory in the Republican presidential primaries that voters are revolting against the relatively open economic policies that have been the norm in the US and Britain since the second world war. Populist opposition to international integration is on the rise ...
Social Europe Journal   |   Fri, 15 Jul 2016 08:00:43

In the papers: TalkTalk, Burberry, Experian, Tata Steel

The Times Brexit blow to family finances will be significant, says Bank: House prices and family finances are under threat from a slowdown in the economy after Brexit, the Bank of England warned as it prepared for an interest rate cut in three weeks' time. 'Spoofing' trader jailed for three ...
Proactive Investors   |   Fri, 15 Jul 2016 07:48:00

USD/CNY: Consolidation in a tight range - MUFG

Derek Halpenny, European Head of GMR at MUFG, notes that the risk appetite returned this week and most USD/EM Asia have already returned to pre-Brexit
Sandeep Kanihama / FX Street   |   Fri, 15 Jul 2016 07:26:27

Editorial: Keeping NATO Relevant and United

Amid Russia’s aggressive tactics and Britain’s Brexit vote, the alliance serves as a regional anchor and a reassurance to Eastern European nations.
THE EDITORIAL BOARD / NY Times   |   Fri, 15 Jul 2016 07:23:18

Kipper Williams on Burberry

Fashion house puts Leeds factory opening on hold amid economic uncertainty after Brexit vote Continue reading...
Kipper Williams / Guardian   |   Fri, 15 Jul 2016 07:20:29

Why Putin Loves Brexit

In the Russian president’s view, what makes Europe weaker makes him stronger.
ANDREW FOXALL / NY Times   |   Wed, 13 Jul 2016 15:10:59

Can OPEC Supply The Tighter Oil Market It Predicts?

OPEC expects oil demand to remain strong through 2017, but downgraded its assessment because of the Brexit result. In its latest monthly Oil Market Report for July, OPEC sees oil demand rising this year and next, almost exclusively from non-OECD Asia. The OECD, which includes the U.S. and Europe, only ...
Nick Cunningham / Oil Price   |   Tue, 12 Jul 2016 21:51:18

Post Brexit: Why The UK Is No Longer A Place I Want To Do Business

I am British. I also hold a directorship at six UK limited companies. And in August, I was about to become director of a seventh. But those plans are now on ice, thanks to Brexit referendum result.
My Say, Contributor / Forbes   |   Tue, 12 Jul 2016 19:28:00

Criticism of Bank over Brexit should end unless impropriety is proved

Mark Carney may have overreacted in squabble with Jacob Rees-Mogg about referendum but he deserves sympathy By the end of the Treasury select committee's session, Mark Carney looked as if he could happily punch his chief tormentor, the Tory MP Jacob Rees-Mogg. It was the umpteenth time Carney had been ...
Nils Pratley / Guardian   |   Tue, 12 Jul 2016 18:50:54

Op-Ed Contributor: Brexit and Irish Unity

England voted to leave the E.U., but Northern Ireland didn’t.
GERRY ADAMS / NY Times   |   Tue, 12 Jul 2016 17:48:06

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

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