Brexit News Archive: 20 Jul 2016

U.K. Defense Secretary Michael Fallon: Contributions to ISIS War Prove 'Brexit' Hasn't Diminished World Role

Britain is not moving toward isolationism following a referendum to withdraw from European Union, Michael Fallon says.
Paul D. Shinkman / U.S. News   |   Wed, 20 Jul 2016 21:40:59

Morgan Stanley Turns It Around After Rough Year

Low interest rates and Brexit have hurt the stock but strong quarterly results point to better times ahead.
Barrons   |   Wed, 20 Jul 2016 21:26:34

When will the bulls take a breather?

Mid-week market update: As stock prices have recovered strongly off the Brexit panic bottom to make a new all-time high, there are numerous signs that the market is ready to take a breather. In all likelihood, a period of sideways consolidation or minor pullback is on the horizon.The full post ...
Humble Student of the Markets   |   Wed, 20 Jul 2016 21:00:00

Stock rally has downside: pricey P-E ratios

Yellow flag? The post-Brexit rally to new highs for the S&P 500 has pushed the broad U.S. market's valuation well above its long-term average.
USA Today   |   Wed, 20 Jul 2016 20:57:04

SP 500 and NDX Futures Daily Charts - Bubble Up to the Bar

Stocks were in rally mode today, as it was risk on all the way. The markets were cheered by Microsoft's results last night, and the love in between May and Merkel that is dispelling the Brexit fears. After the bell today, Intel beat the numbers. However the markets were not ...
Jesse's Café Américain   |   Wed, 20 Jul 2016 20:17:00

An ETF Strategy to Access Morningstar's Top International Picks

With lingering concerns over the Eurozone, a post-Brexit world and growth in China, investors seeking international exposure should turn to exchange traded funds that target strongly positioned companies. On the upcoming webcast, ETF Strategy to Access Morningstar's Top International Picks, Dan Lefkovitzm Content Strategist for Indexes Morningstar, Alex Morozov, Director ...
ETF Trends   |   Wed, 20 Jul 2016 19:59:57

Is a U.S.-U.K. Free-Trade Agreement on the Way?

Abandoning President Obama's insulting "back of the queue" rhetoric now that Britons have voted to Brexit, the Obama administration is signaling an openness to a U.S.-U.K. free-trade agreement. Newly named British foreign secretary Boris Johnson, the former mayor of London and one of the leaders of the Leave campaign, met ...
National Review   |   Wed, 20 Jul 2016 19:49:59

VIX Hits 11 Handle - Crashes At Fastest Pace In History

In the 17 trading days since Brexit, VIX has fallen 15 of them plunging from almost 27 immediately after the British vote to 11.4 lows this morning - the lowest since August 2014. This collapse is the fastest in the 26 year history of VIX. Leaving the VIX term structure ...
Zero Hedge   |   Wed, 20 Jul 2016 18:45:00

Morgan Stanley's Gorman on earnings

Morgan Stanley CEO James Gorman sat down with CNBC's David Faber to discuss the future trajectory of the firm.
CNBC   |   Wed, 20 Jul 2016 18:26:00

Merkel offers May more time on Article 50

PM's first stop on long haul to Brexit elicits accommodation from chancellor
FT   |   Wed, 20 Jul 2016 18:25:18

"The World's Central Banks Are Making A Big Mistake"

Authored by John Mauldin via While everyone was talking about Brexit last month, the Bank for International Settlements released its 86th annual report. Based in Basel, Switzerland, the BIS functions as a master hub for all the world's central banks. It settles transactions among central banks and other international organizations. ...
Zero Hedge   |   Wed, 20 Jul 2016 17:45:00

Even This Brexit Leader Says Trump "Makes Me Wince"

One of the most important conservative politicians in Cleveland this week isn't even a Republican. It's Nigel Farage, the former leader of the UK Independence Party who led the successful push for Britain's exit from the European Union. Farage was invited to Cleveland by the Republican National Committee and was ...
Mother Jones   |   Wed, 20 Jul 2016 16:57:45

Roger Farmer on NGDP targeting

Marcus Nunes directed me to a very interesting post by Roger Farmer (written right after the Brexit vote.) Farmer suggests that the Bank of England needs to do whatever it takes to prevent uncertainty from depressing aggregate demand. Indeed it should consider buying shares in an index fund, if necessary. ...
Money Illusion   |   Wed, 20 Jul 2016 16:24:45

The case for constructive populism

The Brexit vote has unleashed a huge amount of commentary on anti-establishment politics, the failure of experts , the abdication of the left , and much else. Juxtaposed to the presidential campaign in the United States, Brexit is regarded by many as a wake-up call. In response, former US Treasury ...
Brookings   |   Wed, 20 Jul 2016 16:09:00

Stock Market Melt-up Leading to a Crash in 2016?

Melt-ups precede a major stock market crash, and by all appearances we may be in a melt-up right now that could cause a stock market crash in 2016. First, a small bit of euphoria kicked up permabull adrenaline in the US market when Brexit didn't make the... Please click on ...
EconMatters Global   |   Wed, 20 Jul 2016 16:00:00

Brexit's Nigel Farage says some of Donald Trump's ideas are 'pretty out there'

Republican National Convention 2016 live updates: Donald Trump will arrive in Cleveland ahead of Mike Pence accepting the vice presidential nod July 20, 2016, 2:46 p.m. What to know about the Republican National Convention in Cleveland:• Watch the convention with us live.• Catch up with what you...
Lisa Mascaro / LA Times   |   Wed, 20 Jul 2016 14:55:00

"The Market's In Conflict" - 11 Red Flags In A Sea Of Green

Having tagged last Thursday's intraday highs, S&P futures are fading this morning (for now)... but, as Bloomberg notes, U.S. stock-market internals are exhibiting conflicting signs as the rally in the S&P 500 Index approaches 10% from the low reached after Brexit. Just 5 percent of companies in the benchmark have ...
Zero Hedge   |   Wed, 20 Jul 2016 14:21:54

May commits to a balanced budget

PM says there will be strict limits to post-Brexit stimulus
FT   |   Wed, 20 Jul 2016 14:00:59

Why A Brexit Crisis Is Not A Bust

Tags A A Home | Feed | Blog.rssBooms and BustsBusiness CyclesMoney and BankingWhy A Brexit Crisis Is Not A Bust 0 Views A recent survey of UK firms conducted by Deloitte has revealed that the referendum decision to leave the EU has battered business confidence, as "82 percent of chief ...
Mises Institute   |   Wed, 20 Jul 2016 13:28:06

bump instills no confidence on sullen bond trading floors

July 19- Even after a good quarter, optimism is hard to find on Wall Street's bond trading floors. Results were helped by Britain's surprise vote to leave the European Union, which rippled across global markets- including record currency volumes for some big banks. "We aren't buying into it just yet," ...
CNBC   |   Wed, 20 Jul 2016 13:06:00

Top Analyst Upgrades and Downgrades: Johnson & Johnson, Lockheed Martin, MGIC Investment, TransCanada, Verizon and More

The stock market is still challenging all-time highs, despite fears of Brexit and valuations being high. Investors just keep proving that they will buy their favorite stocks on pullbacks. 24/7 Wall... BWLD CHTR FANG GCO JNJ KALU LMT MTG NUE PNRA PZZA SAP SFLY SPLK STLD TRP TS VZ WDAY ...
24/7 Wall St.   |   Wed, 20 Jul 2016 12:55:39

Theresa May's Duties as Prime Minister Begin in Earnest

Theresa May faces the first big tests of her premiership with a grilling by U.K. lawmakers in Parliament and then her first trip abroad as prime minister.
WSJ   |   Wed, 20 Jul 2016 12:10:21

Here's a super-quick guide to what traders are talking about right now (EBAY, FFIV, INTC, QCOM, AXP)

Via Dave Lutz at JonesTrading, here's a super-quick guide to what traders are talking about right now: Good Morning! Futures eyeing fresh highs as Earnings rolls (MSFT, MS and ISRG big beats), while the BOE's Brexit report sparked €500mln of buying in EuroStoxx Futures in one tick. The S&P is ...
Business Insider   |   Wed, 20 Jul 2016 11:34:10

UK employment report was stronger than expected - BBH

Research Team at BBH, suggests that although sterling and interest rates have not fully recovered from the Brexit decision, equity markets have, and f
Sandeep Kanihama / FX Street   |   Wed, 20 Jul 2016 11:11:25

Does America Need Mobile Nuclear Weapons?

James Hasik Security, An idea so crazy it just might work. This week's Republican National Convention has reminded me again that knowing your nuclear triad is important. Some of the malcontentedness after last month's Brexit referendum is a reminder that the Scottish Nationalists don't like nuclear weapons, triad or not. ...
National Interest   |   Wed, 20 Jul 2016 11:09:00

10 things you need to know before the opening bell (spy, sox, qqq, dia, msft, mon)

Here is what you need to know. The Bank of England says Brexit isn't killing the economy. "As yet, there was no clear evidence of a sharp general slowing in activity," said the BOE's July "Agents' summary of business conditions." However, the central bank did suggest there was still a ...
Money Game   |   Wed, 20 Jul 2016 10:55:00

David Davis has demonstrated a decidedly muddled understanding of trade policy

One of the arguments made by the Leave campaign during the UK's referendum was that Brexit would allow Britain to negotiate trade deals globally more quickly than would be possible via the EU. Mark Manger writes that the plans outlined so far by David Davis, the UK's new 'Brexit Secretary', ...
British Politics and Policy at LSE   |   Wed, 20 Jul 2016 10:43:50

A vote for destruction

Since June 23rd volumnes of analysis and comment have already been written in newspapers and online, about the United Kingdom's decision to leave the European Union as the result of a referendum. However, nobody fully understands all of the consequences of Brexit, as 43 years of treaties - between the ...
Ideas on Europe   |   Wed, 20 Jul 2016 10:10:06

US bonds slip as safe-haven bid continues to wane

U.S. sovereign bonds built on this week's gains Wednesday as demand waned for safe haven assets prompted by the Brexit vote.
CNBC   |   Wed, 20 Jul 2016 10:07:00

Judges Scientific plunges as first half orders disappoint

Shares in scientific instrument specialist Judges Scientific plc (LON:JDG) were taking a pasting on Wednesday as it unveiled a disappointing first half for orders, although there was a rebound later on. "The recent revival in order intake and the positive impact of a weaker pound post Brexit give the board ...
Proactive Investors   |   Wed, 20 Jul 2016 09:23:00

Coup d'état for Turkey, Coup de vent for investors

The direction of market confidence isn't easy of late given the recent set of events and mixed market data emerging around the globe. One would have put the EU on a steady course to recovery a few months back, yet Brexit headwinds, market volatility and even pressures from terrorist attacks ...
Mathieu Ganado / Times of Malta   |   Wed, 20 Jul 2016 08:49:00

Market briefing: US markets closed mostly lower yesterday, amid a mix bag of corporate earnings

UK Market Snapshot UK markets finished higher yesterday. Data showed that the UK consumer prices rose more than expected on an annual basis in the "Brexit" month. Coca-Cola HBC climbed 3.1%, after a leading broker upgraded its rating on the stock to 'Overweight' from 'Neutral'. Royal Mail gained 1.7%, after ...
Proactive Investors   |   Wed, 20 Jul 2016 07:34:00

Electrolux Profit Up 77% on Strong Sales

Swedish household-appliance maker Electrolux posted a significant rise in second-quarter net profit, propelled by strong sales in Europe and North America, but warned on the impact of Brexit.
WSJ   |   Wed, 20 Jul 2016 07:24:46

Labour Party Rebels Back Single Candidate to Oust Leader Corbyn

The race for control of Britain's Labour Party narrowed on Tuesday as lawmaker Angela Eagle withdrew, leaving incumbent Jeremy Corbyn up against a challenger promising a second Brexit referendum. Labour's left wing and its more moderate factions have been locked in a power struggle ever since Britain voted to leave ...
OANDA   |   Wed, 20 Jul 2016 06:54:28

Green light for Carney? Why construction industry may need stimulus

Monetary stimulus may be needed to prevent a slump in U.K. construction following the Brexit vote.
CNBC   |   Wed, 20 Jul 2016 06:03:00

Prologis Q2 Results: Brexit Is In The Rear-View Mirror, Another 52-Week High

Seeking Alpha   |   Wed, 20 Jul 2016 04:48:10

May treads fine line on keeping UK united

Pressing on with Brexit could foment nationalist feeling further
FT   |   Wed, 20 Jul 2016 04:30:45

May set for 'frank' talks with Merkel

Prime minister makes Berlin first stop on long haul towards Brexit deal
FT   |   Wed, 20 Jul 2016 04:30:39

Wednesday Watch

Evening HeadlinesBloomberg: May, Merkel Face Brexit Red Lines on U.K. Premier's Berlin Debut. Theresa May's first meeting with Angela Merkel in Berlin will involve more pleasantries than hard bargaining. A week after taking office as U.K. prime minister, May, 59, will be keen to size up the woman who will ...
Between the Hedges   |   Wed, 20 Jul 2016 03:04:00

NATO Can't Afford to Lose Its Members

Lawrence J. Korb, Mike Wackenreuter Security, Europe Will it be the next victim of deglobalization? At the first NATO summit in the wake of Brexit, U.S. and European leaders looked to the military alliance as a needed source of stability. As Adm. James Stavridis (Ret.), a former NATO commander, wrote ...
National Interest   |   Wed, 20 Jul 2016 02:27:00

Australian growth outlook looking sunnier

Despite concerns about Brexit, the Australian economy is finally set to pick up in the second half of 2016 as commodity prices and shares improve.
SMH   |   Wed, 20 Jul 2016 02:04:32

The Central Bank Waiting Game

The Central Bank waiting game is taking hold of the G-10 complex as Investors nervously contemplate their pending decisions while mindfully scanning the geopolitical landscape. Australian Dollar-Losing Yield Appeal Fissures are appearing in the yield carry backstop that supported the Australian Dollar post-Brexit. The Australian Dollar Yield appeal tarnished after ...
OANDA   |   Wed, 20 Jul 2016 01:54:36

BofAML: Investors Cut Equity Exposure to Underweight for First Time in Four Years

Spooked by concerns about global economic growth and the looming consequences of Britain's Brexit, global fund managers have dropped their equity allocations to underweight for the first time in four years while raising cash to the highest in almost 15 years, according to a new BofAML survey. read more
FINalternatives   |   Wed, 20 Jul 2016 01:45:23

Investors Go Bargain-Hunting for U.K. Property

Global investors are on the hunt for U.K. property bargains, expecting that Brexit-fueled economic turmoil could weaken real-estate values. The drop in the value of sterling has only increased the appeal.
WSJ   |   Wed, 20 Jul 2016 01:21:28

Brexit Vote Clouds EU-U.S. Trade Deal

Britain's vote to leave the European Union has cast into further doubt the future of a far-reaching trade deal between the EU and the U.S.
WSJ   |   Wed, 20 Jul 2016 01:01:39

Australian stocks flat in early trade

Investors sit on the sidelines, with the Australian share market steady in early morning trade after strong run since Brexit.
SMH   |   Wed, 20 Jul 2016 00:59:11

Fed Officials Gain Confidence They Can Raise Rates This Year

Federal Reserve officials are looking more confidently toward a rate increase before year-end, possibly as early as September, now that financial markets have stabilized after the Brexit vote and the economy shows signs of picking up.
WSJ   |   Wed, 20 Jul 2016 00:36:56

Dow Creeps Higher, Setting Another Record

The Dow Jones Industrial Average edged up, extending its record-breaking rally. The index is now up about 3% from its pre-Brexit level.
WSJ   |   Wed, 20 Jul 2016 00:12:00

Brexit: May hopes for 'frank and open' talks during Merkel visit

PM Theresa May says she does "not underestimate the challenges" ahead in negotiating the UK's exit from the EU, ahead of her first talks with Germany's Angela Merkel.
BBC   |   Tue, 19 Jul 2016 23:57:39

IMF cuts UK growth forecasts following Brexit vote

Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian   |   Tue, 19 Jul 2016 23:10:15

The Atlantic Daily: Brexit's Hangover, Melania's Misstep, Jupiter on Film

What We're Following The Post-Brexit Bust: The International Monetary Fund has lowered its forecast for global economic growth as a result of Britain's exit from the European Union. While the U.K. and Europe will be hit hardest, the IMF predicts that economic recovery around the world will be weakened by ...
Rosa Inocencio Smith / The Atlantic   |   Tue, 19 Jul 2016 23:04:41

Grasp Brexit opportunity to overhaul tax system, says Adam Smith Institute

Peter Spence / Telegraph   |   Tue, 19 Jul 2016 23:01:00

Canada the G7 dark horse as IMF projects improved growth in 2017

The IMF predicts Canada will bounce from being the G7 economy in 2016 to be second strongest
Damon van der Linde / Financial Post   |   Tue, 19 Jul 2016 22:56:21

Rate cut could hinge on Q2 inflation

The Reserve Bank says Brexit fears won't hit the global economy too hard, but more sluggish local consumer prices could set the scene for an August rate cut.
SMH   |   Tue, 19 Jul 2016 22:16:07

Classic

Time for a little update on recent worries, memes and phobias. Lord knows, there's no shortage. First, Brexit. Hope you don't own property in London. It's already shaping up to be what the 'remain' guys forecast - an economic and financial challenge for little, isolated Britain. This week the IMF ...
Greater Fool   |   Tue, 19 Jul 2016 22:11:05

IMF scraps growth forecast amid Brexit uncertainty, top economist warns against 'popular' rants against markets

The International Monetary Fund scrapped its forecast for a pickup in global growth this year, citing Britain's vote to leave the European Union, and warned the damage could worsen if confidence falters among investors and companies. The IMF sees global gross domestic product rising 3.1 percent this year, down from ...
Japan Times   |   Tue, 19 Jul 2016 21:57:20

Brexit: 'Spanner in the works' of global growth

The International Monetary Fund (IMF) has said the UK's decision to leave the European Union has "thrown a spanner in the works" of its global growth forecast.
BBC   |   Tue, 19 Jul 2016 21:37:35

IMF modestly cuts global growth forecast, warns of bigger Brexit risks

Brexit expected to have mild impact but agency sites risks of more severe effects.
USA Today   |   Tue, 19 Jul 2016 21:29:06

Goldman blames Brexit for returns squeeze

Wall Street leader grapples with less lucrative banking times
FT   |   Tue, 19 Jul 2016 20:06:14

Brexit: For This CEO, It's Personal

By Marlene Givant Star Few CEOs are more exposed to Brexit than Chris Walsh. His company, NiceLabel, a privately held maker of barcode label printing software, was founded in Slovenia more than 20 years ago. In June, Walsh succeeded Zvone Duplancic, the company founder, as CEO. Having previously served as ...
Mergermarket, Contributor / Forbes   |   Tue, 19 Jul 2016 20:03:00

Brexit could mean weakest growth since 2009

Read full story for latest details.
CNN   |   Tue, 19 Jul 2016 19:52:40

SoftBank’s $32 Billion Deal for Chip Designer ARM Is Britain’s Biggest Since Brexit

The deal gives the Japanese company access to chip designs for phones and other small devices.
LESLIE PICKER, MARK SCOTT and JONATHAN SOBLE / DealBook   |   Tue, 19 Jul 2016 19:10:07

GLOBAL MARKETS-Stocks dip on earnings and growth worries; dollar rises

* Brexit uncertainty prompts IMF to cut global growth forecasts
Reuters   |   Tue, 19 Jul 2016 19:01:01

Fintech MarketInvoice Attracts $10m In First 'P2P Lender' Major Fundraise Post Brexit

Is the Brexit outcome really bad news for UK fintech? Some pundits had voiced serious concerns prior to Britain's EU referendum that it could seriously impact London, a major fintech hub globally. The first multi-million fundraise since the vote by Europe's largest P2P online invoice finance platform MarketInvoice may have ...
Roger Aitken, Contributor / Forbes   |   Tue, 19 Jul 2016 18:46:00

IMF Cuts 2016 Global Economic Growth Outlook After Brexit Vote

The International Monetary Fund downgraded its forecast for global economic growth as Britain's vote to leave the European Union weighs on consumer confidence and investor sentiment.
WSJ   |   Tue, 19 Jul 2016 18:40:24

If this is the end of globalisation, what hope for UK trade post Brexit?

Jeremy Warner / Telegraph View   |   Tue, 19 Jul 2016 18:40:06

Hot Spots Short-Term ETF Traders Are Targeting

As the equities market swings, traders have incorporated leveraged and inverse exchange traded funds to jump on short-term opportunities and hedge around events, like the Brexit vote. "If ever there was a market environment for uncertainty hedging, it is now," Andy O'Rourke, Managing Director and Chief Marketing Officer at Direxion, ...
ETF Trends   |   Tue, 19 Jul 2016 18:39:43

Despite Rally, Cash Levels Still At Highest Level Since 2001: Buy Signal For Stocks, Says BofA

Global stocks and riskier junk-bonds have taken flight in the weeks after last month's 'Brexit' vote. The SPDR S&P 500 exchange-traded fund (SPY) has climbed 8% from its low on June 27 and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has climbed 4.3% (excluding dividend payouts). And ...
Focus on Funds   |   Tue, 19 Jul 2016 18:22:30

IMF: Brexit a 'Substantial' Risk to World Economy

The repercussions of the British vote to leave the EU may significantly impede global growth, a new report says.
Andrew Soergel / U.S. News   |   Tue, 19 Jul 2016 18:14:00

UK needs a plan to mitigate Brexit shock

There is no room for dogma in assessing demands of fiscal stimulus
FT   |   Tue, 19 Jul 2016 18:02:54

How the IMF Sees Brexit Hitting Global Economic Growth

The International Monetary Fund trimmed its outlook for the global economy on Tuesday, citing Britain's decision to leave the European Union. But the fund warned Brexit could make the outlook far worse. Here's how.
Ian Talley / WSJ Economics   |   Tue, 19 Jul 2016 18:00:34

First Legal Challenge to U.K.'s Brexit Gets Underway

The first legal challenge to the U.K.'s Brexit startedwith a hearing in the U.K. High Court in a case where claimants argue only Parliament, and not the prime minister, can trigger the U.K.'s withdrawal from the EU.
WSJ   |   Tue, 19 Jul 2016 17:58:19

London stocks end flat but smaller stocks feel pulse of possible takeovers

London stocks ended flat on Tuesday although tech stocks fared well as speculation moved onto who might be snapped up next after news this week that Softbank is buying ARM Holdings (LON:ARM) in the wake of a Brexit-fuelled weaker pound. The blue-chip FTSE100 index ended up just 0.03% at 6,697, ...
Proactive Investors   |   Tue, 19 Jul 2016 17:53:00

Financial watchdog calls for access to EU

FCA head Andrew Bailey confirms no 'great bonfire of regulations' post-Brexit
FT   |   Tue, 19 Jul 2016 17:49:27

Tuesday assorted links

1. How sex workers verify the identities of their clients. 2. Chat at the Institute for Economic Affairs with Stephen Davies. We covered Brexit, Trump, the great stagnation, why you won't live to 800, cultural diversity, and much more. I wasn't holding back for this one, and some crowd members ...
Marginal Revolution   |   Tue, 19 Jul 2016 17:45:48

London brokers' brave face on Brexit

Bond, currency and equity trading venues, banks and brokers are debating the need to move operations
FT   |   Tue, 19 Jul 2016 17:41:14

Britain, Post-Brexit

Here's what we know on Tuesday, July 19: -The IMF has lowered its forecast of global economic growth because of the U.K.'s decision to leave the EU. -Britain voted June 23 to leave the EU by a 52 percent to 48 percent margin. David Cameron resigned last week because of ...
Kathy Gilsinan / The Atlantic   |   Tue, 19 Jul 2016 17:26:32

UK Trade Policy after Brexit

The Brexit vote last month came as a surprise to many people (including me), and there is still a lot of uncertainty - both legal and political - as to how the United Kingdom (UK) will proceed. In order for Brexit to go forward, the UK will have to invoke ...
Simon Lester / Cato   |   Tue, 19 Jul 2016 17:21:00

Theresa May vows to make success of Brexit as cabinet meets for first time

Theresa May has promised ahead of her first cabinet meeting that the government will not be "defined by Brexit" but will nonetheless make a success of the country's departure from the EU.
Here Is The City   |   Tue, 19 Jul 2016 17:18:49

Deutsche Bank: Global Growth Outlook Has Deteriorated Significantly

The global growth outlook for 2016 and 2017 has deteriorated since the start of the year, and Brexit only adds to downside risks, that's Deutsche Bank's observation of the global macro environment. Brigewater Via JPM: Global capex as % of [...]
Value Walk   |   Tue, 19 Jul 2016 17:18:17

IMF cuts UK growth forecasts following Brexit vote

Here Is The City   |   Tue, 19 Jul 2016 17:14:31

Royal Mail boosted by Brexit campaign

Surge in campaign mailings puts brake on decline in letters division
FT   |   Tue, 19 Jul 2016 17:14:04

Guest Contribution: "Brexit, Trump, and Workers Left Behind"

Today, we are pleased to present a guest column written by Jeffrey Frankel, Harpel Professor at Harvard's Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. This is an extended version of a column appearing at Project Syndicate, July 13. Many parallels have ...
Econbrowser   |   Tue, 19 Jul 2016 17:02:07

Goldman Sachs urges 'prudent and thoughtful' Brexit negotiations

Ben Martin / Telegraph   |   Tue, 19 Jul 2016 16:58:21

IMF cuts UK and global growth forecasts following Brexit vote - as it happened

IMF says Brexit has 'thrown spanner in works' UK inflation rises following surge in air fares German investor confidence collapses European markets fall 5.39pm BST And here's another view on the IMF's latest pronouncements, from Capital Economics. The research company's Michael Pearce said: After spending the run-up to the UK's ...
until 2.30 / Guardian   |   Tue, 19 Jul 2016 16:47:20

German investor sentiment plunges to four-year low on Brexit fears

Unease about Britain's EU farewell sent the mood among German investors plunging in July to its lowest since November 2012, according to the first major sentiment snapshot of the post-Brexit era in Europe's largest economy
Hurriyet   |   Tue, 19 Jul 2016 16:42:00

Court to hear Brexit challenge in October

Judges to rule on action to prevent the government from invoking Article 50 without act of parliament
FT   |   Tue, 19 Jul 2016 16:41:28

MiB: Richard Haass

This week on our Masters in Business podcast, we speak with Richard Haass, President of the Council on Foreign Relations. This conversation covered everything from Terrorism to Trade to Immigration to Brexit, and given all of the recent events overseas, could not ossibly be more timely. Haass, who has a ...
The Big Picture   |   Tue, 19 Jul 2016 16:00:05

Irish PM: Brexit Could Trigger Northern Ireland Reunification Referendum

POLITICO Europe. Belgium.
POLITICO Europe. Belgium. / World Affairs   |   Tue, 19 Jul 2016 15:54:13

WSJ City's Brexit Briefing: Treasury Upbeat in Face of IMF Bears, Ireland's a Winner, JP Morgan's Brexit Plan

Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
Philip Georgiadis / MoneyBeat   |   Tue, 19 Jul 2016 15:50:07

Investors push money under the mattress

Despite the post-Brexit market rally, fund managers have gotten even more wary of taking risks.
CNBC   |   Tue, 19 Jul 2016 15:44:00

UK house prices surged in the month before Brexit vote, figures show

May data masks regional variations and current property values could already be declining, expert says House prices surged by 1.1% in May, according to official , with the typical home jumping in value by £2,400 over the month. The Office for National Statistics figures were taken before the Brexit vote, ...
Patrick Collinson / Guardian   |   Tue, 19 Jul 2016 15:34:24

IMF Predicts Brexit Will Slow Global Growth - A Little Unlikely Really

The International Monetary Fund has released its latest update to global growth prospects. And it says that the uncertainty over Brexit, the process of Britain leaving the European Union, is going to markedly slow that global economic growth. This seems a little unlikely on the face of it. Sure, Britain ...
Tim Worstall, Contributor / Forbes   |   Tue, 19 Jul 2016 15:30:00

Brexit Dividend Fails to Fly for U.K.'s Global Giants

Investors doubt that payout levels from the FTSE 100's biggest global companies will be sustained, even as Brexit has boosted their share prices.
WSJ   |   Tue, 19 Jul 2016 15:07:53

Airlines: So Much for Buy Local...

Ever since Brexit, analysts have been touting airline stocks like Southwest Airlines ( LUV ) and Spirit Airlines ( SAVE ) that cater primarily to travelers in the U.S. over Delta Air Lines ( DAL ), United Continental ( UAL ), and American Airlines ( AAL ), which have loads ...
Stocks To Watch   |   Tue, 19 Jul 2016 15:07:35

Brexit process will not begin this year

The UK Government does not plan to trigger Article 50 of the Lisbon treaty initiating the UK's departure from the European Union before the end of this year, the country's High Court was told Tuesday.
CNN   |   Tue, 19 Jul 2016 15:04:56

IMF says Brexit will reduce global economic growth in 2016 and 2017

The International Monetary Fund has said Britain's decision to leave the European Union will reduce economic growth worldwide. It has trimmed its...
euronews   |   Tue, 19 Jul 2016 15:04:19

Britain after Brexit: Dr Gerard Lyons and Louise Cooper

Dr Gerard Lyons and Louise Cooper on how Britain will trade after Brexit.
BBC   |   Tue, 19 Jul 2016 15:03:54

Brexit throws 'spanner in the works' of global growth

The IMF says the United Kingdom's decision to leave the European Union has "thrown a spanner in the works" of its global growth forecast.
BBC   |   Tue, 19 Jul 2016 15:01:28

IMF slashes world growth forecasts AGAIN

The U.K's vote to leave the European Union has pushed the International Monetary Fund to cut its world growth forecast for this year and next.
CNBC   |   Tue, 19 Jul 2016 14:55:00

IMF: Brexit Has Worsened The Outlook For Global Economic Growth

The economic implications of Brexit continue to rear their ugly head: In a global economic outlook released Tuesday morning, the International Monetary Fund said not only that it is slashing its 2016 and 2017 global growth forecast in light of the referendum.
Maggie McGrath, Forbes Staff / Forbes   |   Tue, 19 Jul 2016 14:50:00

Software Guidance Chilled by Brexit

Software Guidance Chilled by Brexit The general macro uncertainty may result in fairly conservative second-half guidance from most software companies.Software Guidance Chilled by Brexit The general macro uncertainty may result in fairly conservative second-half guidance from most software companies.
Barrons   |   Tue, 19 Jul 2016 14:47:05

Bank Bulls Beware: Stocks Below Pre-Brexit Levels

Bank Bulls Beware: Stocks Below Pre-Brexit Levels Low rates keep hurting banks. Though the sector roared back this month, the major trend remains to the downside.Bank Bulls Beware: Stocks Below Pre-Brexit LevelsBy Michael Kahn Low rates keep hurting banks. Though the sector roared back this month, the major trend remains ...
Barrons   |   Tue, 19 Jul 2016 14:46:16

UPDATE 1-BoE's Woods says no 'sweeping solution' for banks after Brexit

LONDON, July 19 (Reuters) - Relying on the European Union's securities rules to allow banks access to the single market after Britain leaves the bloc was not a "sweeping solution", Bank of England...
Reuters   |   Tue, 19 Jul 2016 14:32:28

IMF cuts forecast for global growth for next two years and warns Brexit fallout could get worse

In a worst-case scenario, talks with EU will break down, Britain will fall into recession and global growth will slow to 2.8%, the IMF warns
Andrew Mayeda, Bloomberg News / Financial Post   |   Tue, 19 Jul 2016 14:26:15

Under the guise of 'flexibility', Hermes is delivering a raw deal for its workers | Felicity Lawrence

The low-pay scandal at the delivery firm reveals a new norm of the workplace, where apparently 'self-employed' workers are exploited for the sake of a company's profits Want to know why the slogan "take back control" resonated so loudly with people voting for Brexit? One good place to look for ...
Felicity Lawrence / Guardian   |   Tue, 19 Jul 2016 14:15:37

Brexit Uncertainty Prompts I.M.F. to Cut Global Growth Forecasts Again

The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union.
REUTERS / NY Times   |   Tue, 19 Jul 2016 14:14:13

ECB Expected to Wait for Data Before Post-Brexit Moves

While European Central Bank President Mario Draghi says Britain's leaving the European Union could harm the bloc's growth, the bank is expected to adopt a wait-and-see approach at its Thursday meeting.
WSJ   |   Tue, 19 Jul 2016 14:09:47

USD/JPY extends gains after US data

USD/JPY extended gains at the beginning of the American session, reaching its highest level since the Brexit vote, as the dollar strengthened broadly.
Ani Salama / FX Street   |   Tue, 19 Jul 2016 13:33:22

IMF:modestly cuts global growth forecast

Brexit expected to have mild impact but agency sites risks of more severe effects
USA Today   |   Tue, 19 Jul 2016 13:01:19

IMF slashes world growth forecasts AGAIN

The U.K's vote to leave the European Union has pushed the International Monetary Fund to cut its world growth forecast for this year and next.
CNBC   |   Tue, 19 Jul 2016 13:00:00

Goldman Sachs continues to slash bonuses

These are challenging times for Wall Street investment banks. Goldman Sachs posted another big drop in revenue as Brexit worries took their toll. Goldman has cut its bonus pool and other expenses as well to compensate.
CNN   |   Tue, 19 Jul 2016 12:41:00

The Global Spread of Trumpism

I flew into Britain on June 23, the day of the Brexit referendum, or "Independence Day" as the country's most popular tabloid, and champion of leaving the European Union, put it. The next morning, results showed that London, Scotland, and Northern Ireland had voted to stay in the EU. But ...
Dominic Tierney / The Atlantic   |   Tue, 19 Jul 2016 12:07:35

10 things you need to know today (spy, spx, qqq, dia, yhoo, ibm, nflx, wfc)

Here is what you need to know. German confidence was hit hard by Brexit. The ZEW Indicator of Economic Sentiment for Germany plunged 26 points in July to -6.8. "Uncertainty about the [Brexit] vote's consequences for the German economy is largely responsible for the substantial decline in economic sentiment," professor ...
Money Game   |   Tue, 19 Jul 2016 11:05:00

Santander's fintech VC firm got another $100 million to invest - here is what it's looking for

Santander has given its fintech-focused venture capital firm InnoVentures another $100 million ($131 million) to invest after impressing with its initial investments. Santander InnoVentures has spent just over 50% of the $100 million initially allocated to the fund, which started out in 2014. The rest of that first tranche of ...
Business Insider   |   Tue, 19 Jul 2016 11:02:01

No Article 50 Until 2017

Jason Coppel QC, speaking for Brexit Secretary David Davis, has told the High Court that Article 50 will not be triggered this year. Some Brexiters will be nervous about this, but there is no legal imperative to trigger it immediately and it would be politically unwise to do so until ...
Guy Fawkes' blog   |   Tue, 19 Jul 2016 10:56:42

Remorse and reflection

As a major influence on events, Brexit might not have shuffled off the stage but the world is settling down to the realities of separation; in terms more real to many of us, the marriage has broken down and we've packed our bags and moved out.
IFR   |   Tue, 19 Jul 2016 10:07:00

Even before Brexit, Theresa May's laws made Britain a hostile place for migrants

In the aftermath of the UK's vote for Brexit, the National Police Chiefs Council has documented a 42% increase in race-hate incidents. This escalation in racial tension comes as living as a migrant in the UK has been made even more difficult in recent years by laws introduced by Theresa ...
Richard Warren, Phd candidate, Kent Law School, University of Kent / The Conversation   |   Tue, 19 Jul 2016 10:03:32

Brexit and the EU's divorce manual

Article 50 provides clues on how the UK will break up with Brussels
FT   |   Tue, 19 Jul 2016 04:30:03

We Are Where We Were

It's been an amazing week, and in effect the first five days after the Brexit vote were all trend days, with ES now kicking around much the same area this afternoon as it was on the afternoon before the vote. What does this all mean? Not much I suspect. The ...
Tim Knight   |   Fri, 1 Jul 2016 22:38:54

"6-Day Winning Streak Leaves Mortgage Rates Near All-Time Lows"

From Matthew Graham at Mortgage News Daily: 6-Day Winning Streak Leaves Rates Near All-Time LowsMortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week's Brexit news and bringing rates right to the brink of all-time lows.... bringing some lenders from 3.625% to ...
Calculated Risk   |   Fri, 1 Jul 2016 22:09:00

Encouraging signs

The news is certainly mixed these days. Britain's Brexit vote stirs fears of a global slowdown in trade, which would surely be bad for the economic outlook. But that's still something out on the horizon. In the meantime, more recent data point to a pickup in growth that began a ...
Calafia Beach Pundit   |   Fri, 1 Jul 2016 21:21:00

German connection

The UK's Brexit vote is testing the cultural bonds between Britain and Berlin, but film studio boss Charlie Woebcken says "these links aren't going away".
BBC   |   Fri, 1 Jul 2016 21:00:28

Asset Class Scoreboard: Real Estate, Commodities, Bonds Lead

Asset Class Scoreboard For the second time in 2016, Managed Futures posted a monthly performance above 4%, thanks to the Brexit volatility that shocked the market last week. Additionally, the SG CTA Index, posted its second best single day performance [...]
Value Walk   |   Fri, 1 Jul 2016 20:35:40

Don't let's be beastly to the Brits, says Bundesbank

Brexit vote reflects a broader Euroscepticism, says Weidmann
FT   |   Fri, 1 Jul 2016 20:19:49

Treasury ETFs Climb as Yields Hit Record Lows

Treasury bond exchange traded funds maintained their momentum, with benchmark yields on 10-year notes dipping to a new record low on Friday, as investors feared Brexit would weigh on global growth and cause the Federal Reserve to push off interest rate hikes. On Friday, the iShares 7-10 Year Treasury Bond ...
ETF Trends   |   Fri, 1 Jul 2016 20:17:13

Banks on edge over UK passporting

Banks are scrambling to establish how post-Brexit changes in the UK's rights for financial services will impact on their businesses, putting thousands of jobs in London in the balance.
IFR   |   Fri, 1 Jul 2016 20:00:00

Burn Through Those Last Few Minutes Before The Holiday Weekend With The Consumerist Quiz

Look, we know you probably don't want to be here. Everyone else in the office is already gone, but you're stuck holding down the fort, pretending to be reading emails when you're really just seeing how many pages of "Brexit" Google results you need to go through before finding some ...
Consumerist   |   Fri, 1 Jul 2016 19:45:46

Short-Termism Gets Brexecuted

The S&P 500 as fast approaching all-time highs again after the brief Brexit scare. I guess that was the fastest panic and recovery during the current bull market. Of course, this has been a repeat theme over the last 7 years. Investors were so badly scarred after the 2008 crisis ...
Pragmatic Capitalism   |   Fri, 1 Jul 2016 19:42:24

Austria Will Hold Second Presidential Election After Voting Irregularities Are Uncovered

Alexander Van der Bellen and Norbert Hofer. (screenshots via France24 ) The United States is not alone in dealing with allegations of a "rigged" democratic system. It is also not alone, as the chaos of Brexit has taught us, in dealing with a growing anti-immigrant sentiment represented by presidential candidates. ...
truthdig   |   Fri, 1 Jul 2016 19:23:25

Price Discovery - R.I.P.!

Submitted by David Stockman via Contra Corner blog, That was quick. With practically of the Brexit loss recovered in four days and the market now up for the quarter and the year, what's not to like? After all, the central banks are purportedly at the ready, and, in the case ...
Zero Hedge   |   Fri, 1 Jul 2016 19:10:00

Steven Spielberg's "The BFG" Is a Forced March of Fun

Children's worst new lesson in the British political process comes not from the Brexit fiasco but from Steven Spielberg's live-action adaptation of Roald Dahl's "The BFG." When the titular Big Friendly Giant (Mark Rylance) and the little girl, Sophie (Ruby Barnhill), who lives in his lair need the help of ...
New Yorker   |   Fri, 1 Jul 2016 18:56:48

Layoffs Watch '16: Pershing Square Cuts Employees, But Not Because Of Performance Or Anything

Don't put this on Herbalife. Or Valeant. Or Brexit.
Dealbreaker   |   Fri, 1 Jul 2016 18:40:28

Bitcoin either goes to zero or it goes supernova

Bitcoin either goes to zero or it goes supernova I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I [...]
Value Walk   |   Fri, 1 Jul 2016 18:22:56

Post-Brexit EU May Be Stranded By Its Own Data Rules

The EU nations may become "less happier lands" post-Brexit if their privacy regulations turn them into a data island.
Daniel Fisher, Forbes Staff / Forbes   |   Fri, 1 Jul 2016 18:11:00

Young people on Brexit's voter turnout

Millennial FT readers explore the referendum's generational divide
FT   |   Fri, 1 Jul 2016 18:08:09

The UK Independence Party was central to the Brexit vote

One way to understand the Brexit result, in which the United Kingdom voted to leave the European Union, is to study which areas of the UK supported "Leave" and which supported "Remain." YouGov, for example, provided this analysis and map before last week's voting showing how support varied across the ...
David C. Parker / Vox   |   Fri, 1 Jul 2016 18:00:02

Investors see even lower bond yields from Brexit fallout

NEW YORK, July 1 (Reuters) - Britain's vote to leave the European Union last week triggered a worldwide stampede into U.S., German, Japanese and even British government debt, sending their yields to...
Reuters   |   Fri, 1 Jul 2016 17:57:40

Bargain Hunters Prop Up Art Market In Brexit Week

As sterling fell this week, international art buyers snapped up bargains in London.
Kathryn Tully, Contributor / Forbes   |   Fri, 1 Jul 2016 17:49:00

Letter: London After

The City of London Corporation writes that “there is no reason London will not still maintain its position as a world leader.”
/ NY Times   |   Fri, 1 Jul 2016 17:47:46

Brexit - 'We want to be Big Scotland'

It is torn between wanting to stay in the EU, but knowing independence will not guarantee its place
FT   |   Fri, 1 Jul 2016 17:41:37

High-Yield Selloff Could Get Worse

High-Yield Selloff Could Get Worse "If the 8% decline in the trade-weighted British pound fails to kick up much dust in U.S. credit markets, it would be a historical outlier," that's according to credit analysts at Deutsche Bank, which published [...] The post High-Yield Selloff Could Get Worse appeared first ...
Value Walk   |   Fri, 1 Jul 2016 17:40:21

Brexit? What Brexit?

After a two-day global freakout, financial risk markets have staged a relentless four-day rally. The SPDR S&P 500 ETF (SPY) fell 1.8% on Monday but is still poised to finish the week with a gain of 3.3%. Wow. And then there's the CBOE Volatility Index (VIX): the market's "fear gauge" ...
Chris Dieterich / Focus on Funds   |   Fri, 1 Jul 2016 17:38:11

Stocks have come roaring back since Brexit. So everything's fixed, right? (DIA, SPX, SPY, QQQ, TLT, IWM)

According to the market's latest response to the Brexit vote, everything is fine. After a sharp drop in the immediate aftermath of the UK's vote to leave the EU, stocks have rallied the past few days with some equity benchmarks trading right where they were before the referendum. Oleg Melentyev ...
Matt Turner / Business Insider   |   Fri, 1 Jul 2016 17:35:10

FTSE 100 defies Brexit turmoil and hits 10-month high

This week's rebound was a sharp contrast to just a week earlier when investors had woken up to the news Britain had voted to leave the EU The prospect of interest rate cuts and a flurry of bargain-hunting by stock market investors has helped the FTSE 100 shrug off the ...
Katie Allen / Guardian   |   Fri, 1 Jul 2016 17:34:31

A week after Brexit, it's buy, buy, buy

Just a week after Britain shook up the world by voting to leave the EU, market behavior has done a 180-degree turn.
CNBC   |   Fri, 1 Jul 2016 17:23:00

What Brookings experts are saying about Brexit

UPDATED, 6/30/16 Voters in the United Kingdom have voted to leave the European Union. British PM David Cameron has resigned. The choice in favor of "Brexit" will have significant economic and political consequences that Brookings scholars have been analyzing and commenting on. Here is some of what they are saying. ...
Fred Dews / Brookings   |   Fri, 1 Jul 2016 17:19:00

Bundesbank president says UK should get a fair Brexit deal

'Neither side has an interest in putting up trade barriers,' says Jens Weidmann, who also sits on the ECB's governing council The European Union should give Britain a quick and fair exit deal to minimise the economic cost and not hinder the process for the sake of setting a political ...
Reuters / Guardian   |   Fri, 1 Jul 2016 17:16:08

London bankers face Brexit choice: lobby or leave

By Sinead Cruise and Lawrence White LONDON (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave. Some investment banks, anxious not to stir speculation of an exodus ...
Business Insider   |   Fri, 1 Jul 2016 17:04:58

Germany aims for post-Brexit continuity with balanced-budget plans

BERLIN, July 1 (Reuters) - Germany wants to send a message of "reliability and continuity" by sticking to plans for a balanced budget over the next four years, despite the shock of Britain's vote...
Reuters   |   Fri, 1 Jul 2016 17:00:02

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

Nowhere To Hide In Europe - Equity Correlations Are Historically High

Submitted by Eric Bush via Gavekal Capital blog, Equity correlations have spiked to the highest level in years presumably thanks to Brexit. The 20-day correlation between the GKCI DM index and the MSCI World Index is at the highest level since 2011. The correlation between EM and DM stocks is ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 16:55:00

London bankers face Brexit choice: lobby or leave

LONDON, July 1 (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby...
Reuters   |   Fri, 1 Jul 2016 16:51:04

Taking Refuge in Dollar Could Expose World Economy to New Perils

After the Brexit vote, the American currency is soaring — threatening a fragile recovery in the United States and risking trouble for emerging markets.
PETER S. GOODMAN / NY Times   |   Fri, 1 Jul 2016 16:46:33

6 Brexit Lessons for Your Retirement Nest Egg

eggs_flickr_united soybean board.jpg Flickr/United Soybean Board By Suman Bhattacharyya,The Fiscal TimesJuly 1, 2016 When a majority of Britons voted to leave the EU last week, it set off a wild ride of global stock markets. Investors worldwide lost $3 trillion over two days before recovering $2 trillion over the following ...
jherr / Fiscal Times   |   Fri, 1 Jul 2016 16:43:33

Interview with Geert Wilders: 'The Netherlands Would Profit from Leaving the EU'

Could Brexit lead other countries to seek to leave the European Union? SPIEGEL spoke with far-right Dutch populist Geert Wilders about how he wants to use a "Nexit" to prevent the of the Netherlands.
Spiegel   |   Fri, 1 Jul 2016 16:42:59

Brexit Aftershocks: An Inside Look at the EU's Raging Power Struggle

In response to Brexit, European Commission President Juncker wants deeper EU integration. German Chancellor Merkel does not. SPIEGEL takes you inside the vast EU power struggle triggered by the UK referendum. By SPIEGEL Staff
Spiegel   |   Fri, 1 Jul 2016 16:42:16

The Worst of the Brexit Fallout Is Still to Hit the U.K.

As unemployment ticks up and house prices fall ordinary citizens will feel the real impact of the market shock
Conal Urquhart/London / Time   |   Fri, 1 Jul 2016 16:38:44

Brexit: Straws in the Wind

Over the past decade, the UK economy has presented a puzzling picture. On the one hand, RGDP growth has been ... View the full post at: Brexit: Straws in the Wind
Scott Sumner / Wall Street Pit   |   Fri, 1 Jul 2016 16:36:54

UK shelves balanced budget goal as Brexit vote roils economy

LONDON (AP) - Britain's Treasury chief on Friday abandoned the government's long-held goal of balancing the nation's books by 2020, warning that the country's vote to leave the European Union had sent shock waves and instability through the U.K. economy.
Associated Press   |   Fri, 1 Jul 2016 16:36:30

Pro Uncut: Fed's Stanley Fischer

Fed's Stanley Fischer discussed his views on Brexit and the state of the economy in an interview on CNBC Friday.
CNBC   |   Fri, 1 Jul 2016 16:31:00

Donald Trump, Brexit Are Blowback From Years of Anti-Government Rhetoric

Donald Trump and Brexit are the product of years of anti-government rhetoric.
David Brodwin / U.S. News   |   Fri, 1 Jul 2016 16:30:00

Hate crimes up fivefold

Police in Britain have recorded a dramatic rise in racist attacks in the wake of Brexit, with five times the usual number of incidents reported in the week since the country voted in a referendum to leave the European Union.
CNN   |   Fri, 1 Jul 2016 16:26:14

Brexit crisis that wasn't

The public might assume, after hearing dire warnings, that the British stock market had collapsed. In fact, the opposite has happened.
CNBC   |   Fri, 1 Jul 2016 16:26:00

Brexit touches a nerve in France

Far right leader buoyed by referendum result that legitimises core policy
FT   |   Fri, 1 Jul 2016 16:24:38

U.K. Gilt Market Shows Scrapping the Budget Rule Is a Good Idea

Brexit has opened the door to a bit of British stimulus. Since the U.K.'s vote to leave the European Union last Thursday, yields on 10-year U.K. government bonds have tumbled to 0.883% from 1.363%. Yields move opposite to prices, so a fall means there was greater demand to buy the ...
MoneyBeat   |   Fri, 1 Jul 2016 16:23:41

How to Live Better as More of Us Live Longer

iStockphoto By Michael Hodin,The Fiscal TimesJuly 1, 2016 So we're all caught up on the effects of Brexit and the presidential campaign that's in full swing. But aside from the political crisis of the moment, we do seem finally to be recognizing, in the second decade of the 21st century, ...
jherr / Fiscal Times   |   Fri, 1 Jul 2016 16:06:11

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   |   Fri, 1 Jul 2016 16:01:53

Independence and Insanity

So I wrote a long and winding version of my reflections on Brexit for Law and Liberty. It features both spunk and gratuitous nudity.It's only natural, especially this time of year, that many commentators have compared Brexit with the American Declaration of Independence, both the classic statement and the revolutionary ...
National Review   |   Fri, 1 Jul 2016 16:00:00

A Yield of Dreams in U.S. Corporate Bonds

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   |   Fri, 1 Jul 2016 15:57:03

Brexit consequences: Modest recession in the UK - Wells Fargo

According to analysts from Wells Fargo, uncertainty related to the Brexit referendum is likely to lead to a modest recession in the UK. Regarding the...
Matías Salord / FX Street   |   Fri, 1 Jul 2016 15:55:17

Could Brexit Save The BBC News TV Channel?

Will he close his very successful 24-hour TV news channel, or not? BBC director-general Tony Hall's executive board has to make thedecision later this month (Photographer: Jason Alden/Bloomberg) In the midst of financialand political meltdown here in the UK, Brexit might lead to at least one desirableresult - the rescue ...
Neil Midgley, Contributor / Forbes   |   Fri, 1 Jul 2016 15:53:00

WSJ City's Brexit Briefing: Gove Slams City Pay, Truell Says Look East, LSE Prepares for Vote

Good afternoon from London. Here's essential reading for the City on today's Brexit developments MUST READS FROM WSJ CITY Michael Gove, who's set his sights on Tory leadership, slammed the City. In a speech Friday he hit out at high salaries and talent, claiming that too many in financial services ...
Phillipa Leighton-Jones / MoneyBeat   |   Fri, 1 Jul 2016 15:52:31

A week after Brexit, 5 things you need to know

Brexit shattered the post-war consensus in Europe. Markets were stunned. Calm has returned but for how much longer?
CNN   |   Fri, 1 Jul 2016 15:49:04

Kolanovic Sees Risk Ahead, Brexit Crash Similar To August 2015

JPMorgan's quant master Marco Kolanovic looks at the stock Brexit crash and rebound and sees similarities with the August 2015 version. In a June 30 report emailed to clients and reviewed by ValueWalk, he says the Brexit vote was "largely a [...] The post Kolanovic Sees Risk Ahead, Brexit Crash ...
Mark Melin / Value Walk   |   Fri, 1 Jul 2016 15:47:58

Post Brexit, will a right wing goverment wash its hands of the NHS?

The vote for Brexit has not changed the challenges facing the NHS a bit - but it has probably made it much harder to meet them. The vote for Brexit - and the economic and political instability it has ushered in - is a recipe for huge risk and uncertainty ...
Kailash Chand / Open Democracy   |   Fri, 1 Jul 2016 15:43:58

Brexit and the Crisis of Capitalism

If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. Thousands of commentaries have been issued about Brexit in the past week. I've written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union's bureaucratic ...
Of Two Minds   |   Fri, 1 Jul 2016 15:40:00

How the Top US Money Center Banks Are Responding to the Brexit

Watching the massive fallout and then recovery within broad markets, we are beginning to realize that the Brexit provided a very attractive entry point into a fair number of industries. Granted, the... BAC C JPM WFC 247chrislange bank building
247chrislange / 24/7 Wall St.   |   Fri, 1 Jul 2016 15:39:09

Bond yields fall to record lows

UK 10-year gilt extends post-Brexit drop below 0.8 per cent from 1.35 per cent
FT   |   Fri, 1 Jul 2016 15:39:06

4 Brexit Bargains With Big Dividends

Right now, the market only cares about one thing: Brexit. The market is volatile-which means now is a time to buy, buy and buy more as fears drive stocks too cheap. But the simple fact is no one knows exactly how Brexit will impact the world's various economies. For sure, ...
Brett Owens, Contributor / Forbes   |   Fri, 1 Jul 2016 15:37:00

Businesses will have to live with Brexit uncertainty

Andrew Sentance / Telegraph   |   Fri, 1 Jul 2016 15:35:11

Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues

Despite - or perhaps due to - Italy's failed attempt to slide a state-funded €40 billion recapitalization attempt past Angela Merkel while blaming it on Brexit, and coupled with a bailout proposal to provide €150 billion in liquidity to insolvent banks, overnight we got yet another confirmation that the biggest ...
Zero Hedge   |   Fri, 1 Jul 2016 15:34:28

Holiday guide to Brexit: 5 things you need to know

Brexit shattered the post-war consensus in Europe. Markets were stunned. Calm has returned but for how much longer?
CNN   |   Fri, 1 Jul 2016 15:32:54

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

Britain's International Banks Have the Last Laugh After the Brexit Vote

HSBC and Standard Chartered share prices are higher than they were before the U.K's referendum on EU membership.
Mike Bird / MoneyBeat   |   Fri, 1 Jul 2016 15:26:06

Racist graffiti scrawled outside Spanish school in London

British police report sharp spike in such incidents after Brexit vote
Ana Carbajosa / EL PAÍS   |   Fri, 1 Jul 2016 15:24:10

Renzi on Brexit: Europe can go back to being itself

Telegraph Video / Telegraph   |   Fri, 1 Jul 2016 15:23:09

What happens now the UK has voted Brexit - and what is Article 50?

Matthew Holehouse / Telegraph   |   Fri, 1 Jul 2016 15:21:17

Off The Cuff: The Prosperity Pie Is Shrinking

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss: The Battle Behind Brexit An underlying story of the masses vs the elites The Prosperity Pie Is Shrinking The macro issue of our time Election Rigging A near-certainty at this point Gold & Silver Streak Finally! Some upward ...
Chris Martenson   |   Fri, 1 Jul 2016 15:16:11

Labour sets out 5 'red lines' on Brexit

Shadow chancellor says deal must protect City and keep EIB membership
FT   |   Fri, 1 Jul 2016 15:14:17

Gold price jumps 26% in first half

Gold enjoyed another day of gains on Friday, capping off an excellent week for the precious metal following last week's Brexit decision. The metal - as expected - reacted positively to the uncertainty caused by the UK's decision to leave the European Union. In times of market volatility, gold is ...
Proactive Investors   |   Fri, 1 Jul 2016 15:06:00

This Week in Pictures: June 25-July 1

Deadly explosions struck Istanbul. New York City celebrated gay pride. And Brexit fallout continued to roil the UK.
Rachelle Klapheke / MSNBC   |   Fri, 1 Jul 2016 15:05:30

[Ilya Somin] Does the Brexit vote prove we shouldn't use referenda to make important decisions?

Some critics of Britain's vote for Brexit argue that it proves that democracies should not use referenda to make important decisions. Elected officials may be better positioned to make such complex choices than generally ignorant voters. Examples of this sort of reaction to Brexit include recent articles by Jason Brennan ...
Ilya Somin / Volokh Conspiracy   |   Fri, 1 Jul 2016 15:05:20

Westminster must choose between leaving the EU and retaining the UK

History shows that attempts by Westminster to force Brexit on Scotland and Northern Ireland could spell the end of the Union. Scottish Parliament debating chamber Can Parliament lead Britain out of the Brexit mess? At the first Prime Minister's Questions after the referendum, PM David Cameron told parliament that 'keeping ...
Jo Murkens / Open Democracy   |   Fri, 1 Jul 2016 15:05:04

Brexit: Over 1 million extra young voters if we reform voting system

Daniel Dunford / Telegraph   |   Fri, 1 Jul 2016 15:04:55

Brexit poses risks to U.S. but Fed still on track -Mester

LONDON, July 1- Britain's vote last week to leave the European Union poses a risk to the U.S. economy but it is too early to know the extent of that effect and the Federal Reserve should not let a lack of clarity distract it from is plan to eventually raise ...
CNBC   |   Fri, 1 Jul 2016 15:03:00

Fed's Mester sees danger in not hiking

The Cleveland Fed president believes the central bank was right to delay raising rates before the Brexit vote.
CNBC   |   Fri, 1 Jul 2016 15:00:00

EasyJet in talks with regulators to continue flying in EU

Budget carrier in talks to obtain air operator certificates, which will maintain access to EU aviation market EasyJet has applied to a number of European countries for authorisation to fly throughout Europe following the UK's vote for Brexit but the airline said it had no plans to move its headquarters ...
Sean Farrell / Guardian   |   Fri, 1 Jul 2016 14:57:51

UK chiefs snap up shares after Brexit vote

Company directors buy £14.3m of own stock following dive in equities
FT   |   Fri, 1 Jul 2016 14:56:11

The 4 Biggest Utilities Winning After Brexit

As the broad markets are recovering, we are starting to realize that the Brexit was a great opportunity to buy into the markets. The Brexit pulled markets back across the board. However, after a few... AEP DUK EIX SO 247chrislange high voltage post
247chrislange / 24/7 Wall St.   |   Fri, 1 Jul 2016 14:51:12

Steel, Aluminum Picks Post-Brexit

AK Steel, U.S. Steel, Steel Dynamics, Constellium and Alcoa offer upside and value.
Barrons   |   Fri, 1 Jul 2016 14:50:51

Post Brexit: Companies Ask "Should I Stay or Should I Go?"

A post-Brexit survey by the Institute of Directors, the United Kingdom's longest running organization for business leaders, found 22% of the respondents are considering moving some of their operations outside of the UK. Of those considering an operations shift, most anticipate a move to another EU country. "Should I stay ...
Andrew Levine, Contributor / Forbes   |   Fri, 1 Jul 2016 14:50:00

A Post-Brexit Opportunity With Small Cap ETFs

Small-cap stocks and the corresponding exchange traded funds are often viewed as volatile instruments, but some argue there could be opportunity with ETFs such as the iShares Core S&P Small-Cap ETF (NYSEArca: IJR), which follows the S&P SmallCap 600 Index, as markets move past the initial Brexit shock. While investors ...
Tom Lydon / ETF Trends   |   Fri, 1 Jul 2016 14:46:07

Dow 18000, That Is All

11 more Dow points and Brexit is a thing of the past... And then there's this...
Zero Hedge   |   Fri, 1 Jul 2016 14:44:08

TREASURIES-U.S. bond prices jump after strong June

Last week's stunning referendum vote by Britain to leave the European Union, or "Brexit," sparked a safe-haven stampede into Treasuries, which posted a 2.325 percent total return in June, according to an index compiled by Bank of America Merrill Lynch. "Brexit will have a significant impact on growth and rates ...
CNBC   |   Fri, 1 Jul 2016 14:44:00

How businesses have reacted to Brexit... so far

Kate Palmer / Telegraph   |   Fri, 1 Jul 2016 14:43:36

Current Links

**Most-Recent Must-Reads:** * **James Pethokoukis**: [The Magical Thinking of America's Pro-Brexit * **Brad Setser**: [Follow the * **Heather Boushey and Kavya Vaghul**: [Working Mothers with Infants and Toddlers and the Importance of Family Economic * **Nick Bunker**: [How the U.S. Housing Boom Hid Weaknesses in the Labor...
Grasping Reality   |   Fri, 1 Jul 2016 14:43:28

Fed's Fischer watching how quickly Brexit unfolds: CNBC

WASHINGTON (Reuters) - The Federal Reserve will have a hard time assessing the impact of Britain's vote to leave the European Union because the exit negotiations could take a long time and other countries might also leave the EU, Fed Vice Chair Stanley Fischer said on Friday. "When it's something ...
Business Insider   |   Fri, 1 Jul 2016 14:42:55

Getting to grips with Brexit

Graham Vidler looks at what Brexit might mean for UK pension schemes.
Graham Vidler / Professional Pensions   |   Fri, 1 Jul 2016 14:42:41

Telegraph: Post-Brexit property planning: should you buy, sell or stick?

Short term = price falls the ''experts'' predict
tom101 / House Price Crash   |   Fri, 1 Jul 2016 14:40:08

As Bank of England Mulls Rate Cuts, More Pound Punishment Likely

The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) is perhaps the most obvious victim of last week's Brexit decision and that is reflected in the pound exchange traded fund's loss of nearly 5% over the past week. Many currency market observers are forecasting more pain for sterling in the weeks ...
Tom Lydon / ETF Trends   |   Fri, 1 Jul 2016 14:39:41

There's More To The Gold Price Rally Than Brexit

There's More To The Gold Price Rally Than Brexit Brexit has sparked a rush into safe haven assets, and one of the assets that hs benefited most is gold. The price of gold spiked at the end of last week [...] The post There's More To The Gold Price Rally ...
Rupert Hargreaves / Value Walk   |   Fri, 1 Jul 2016 14:35:33

How Will Brexit Affect The London Office Market?

The uncertainty caused by Brexit could cause a drop in office demand, which could worsen if financial services companies decide to relocate some of their operations to Continental Europe at a time which new office developments hit the London market
Carla Passino, Contributor / Forbes   |   Fri, 1 Jul 2016 14:34:00

With Brexit clouding outlook, U.S. payrolls to tilt focus back to Fed

By Hugh Lawson LONDON (Reuters) - Investors will start to peek beyond the Brexit-dominated headlines in the coming week to gauge the outlook for the global economy, and what impact an expected rebound in U.S. job creation will have on central banks eyeing looser policy. Britain's shock vote to leave ...
Business Insider   |   Fri, 1 Jul 2016 14:33:33

Brexit will increase U.K.'s huge debt

More taxes, less spending and no chance of a balanced budget: This is the Brexit Britain envisioned by U.K. Chancellor George Osborne.
CNN   |   Fri, 1 Jul 2016 14:31:16

The UK has one big open border with the EU

The United Kingdom may be an island nation, but it has one, huge open border with the European Union.
CNBC   |   Fri, 1 Jul 2016 14:28:00

GLOBAL ECONOMY WEEKAHEAD-With Brexit clouding outlook, U.S. payrolls to tilt focus back to Fed

LONDON, July 1- Investors will start to peek beyond the Brexit-dominated headlines in the coming week to gauge the outlook for the global economy, and what impact an expected rebound in U.S. job creation will have on central banks eyeing looser policy. Britain's shock vote to leave the European Union ...
CNBC   |   Fri, 1 Jul 2016 14:24:00

Santelli: Maybe the Fed is the problem

CNBC's Rick Santelli reacts to comments by Federal Reserve Vice Chairman Stanley Fischer on Brexit and whether negative rates are right for the U.S.
CNBC   |   Fri, 1 Jul 2016 14:20:00

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, 1 Jul 2016 14:19:19

Biotech Forum Daily Digest: Tesaro's Huge Week! Brexit Losses Gone, Spotlight On Applied Genetics Technologies

Seeking Alpha   |   Fri, 1 Jul 2016 14:18:57

Stocks rally as Brexit losses shrink further

U.S. stocks kicked off the new quarter on the rise, as calm has returned to the market after the Brexit rebound rally and ahead of the long 4th of July weekend.
USA Today   |   Fri, 1 Jul 2016 14:17:57

Fed's Fischer: We have no plans to try negative interest rates

Stanley Fischer said Friday it was too soon to tell whether Britain's vote to leave the European Union had changed the U.S. economic outlook.
CNBC   |   Fri, 1 Jul 2016 14:15:00

Stanley Fischer: Considering Brexit effects

Federal Reserve Vice Chairman Stanley Fischer discusses the market's consideration for potential Brexit pain, and investors betting on central bank action.
CNBC   |   Fri, 1 Jul 2016 14:05:00

Brexit: Breaking Bullish or Bearish?

During my visits with our accounts at the beginning of this week, I didn't sense as much anxiety about the selloff in equities during Friday of last week and this past Monday as I detected among our accounts during the correction at the start of the year. Perhaps we are ...
Dr. Ed Yardeni / Ed Yardeni   |   Fri, 1 Jul 2016 14:01:00

'Polite assassin' Gove outfoxes

A bespectacled intellect with a low-key image, Michael Gove emerged as an ­unlikely force behind the Brexit campaign.
Austrailian   |   Fri, 1 Jul 2016 14:00:00

UK's new PM must usher country through political storm

CNN   |   Fri, 1 Jul 2016 13:59:09

Gold +24% In H1, Silver Hits 2-Year $19 High As Brexit Pushes UK To New QE

Gold +24% In H1, Silver Hits 2-Year $19 High As Brexit Pushes UK To New QE by Adrian Ash, Bullion Vault GOLD and SILVER both headed for new multi-year weekly closing highs in London trade Friday, extending their strongest 6-monthly [...] The post Gold +24% In H1, Silver Hits 2-Year ...
Guest Post / Value Walk   |   Fri, 1 Jul 2016 13:58:55

If Brexit costs a few City bankers their jobs, is that so bad?

Continental Europeans see British exit as an opportunity of a lifetime to swing business their way
Eric Reguly / Globe and Mail   |   Fri, 1 Jul 2016 13:53:24

Markets have been hit hard by Brexit but they have not crumbled - politics has

There is no doubt Brexit has been painful for stock markets and particularly shares of certain companies but it has not been a Lehman style event. Even when facing steep sell offs markets have functioned properly. UK politics has shown much less resolve, raising concerns around long term The post ...
Raoul Ruparel / Open Europe   |   Fri, 1 Jul 2016 13:52:19

Samuel Adams Brewery Is Not The Only One Trying To Register 'Brexit' As A Trademark

It happens every time. There's a new term the public and the media have fallen in love with. This month, nothing has been bigger than "Brexit." Then people try to monopolize that term by filing applications in the U.S. Patent and Trademark Office. Someone cries: "They can't do that!" The ...
Jess Collen, Contributor / Forbes   |   Fri, 1 Jul 2016 13:51:00

Do we really become more bigoted with age? Science suggests yes.

Young people in the United Kingdom were shocked and dismayed when the Brexit vote came in last week. The youth - by a large margin - supported remaining in the European Union. Many of their parents and grandparents did not. "Brexit is a middle finger from the baby boomers to ...
Vox   |   Fri, 1 Jul 2016 13:50:03

The uncharismatic Brexiteer: Gove brings vision in a confident pitch to be PM

On Wednesday, very few people expected Michael Gove would be making his pitch to be Conservative Party leader on Friday morning. But in the Machiavellian twists and turns of post-Brexit politics, Gove's actions have been shocking and completely unexpected. He first demolished Boris Johnson's embryonic leadership campaign, and has now ...
Victoria Honeyman, Lecturer in British Politics, University of Leeds / The Conversation   |   Fri, 1 Jul 2016 13:47:55

This chart shows every possible outcome of a Brexit

Since the UK's vote to leave the European Union exactly one week ago, debate has swirled about when, how, and if the UK will actually come out of the EU. Some European bureaucrats have encouraged the UK to leave as soon as possible, while others have urged caution. Here in ...
Will Martin / Business Insider   |   Fri, 1 Jul 2016 13:47:36

Riding 3-day surge, stocks open 3rd qtr. flat

U.S. stocks kicked off the new quarter virtually unchanged, as calm has returned to the market after the Brexit rebound rally and ahead of the long 4th of July weekend.
USA Today   |   Fri, 1 Jul 2016 13:38:57

Britain Stands at a Diplomatic Crossroads With Brexit Blues

By Nicholas J. Cull The country has always had impulses to cooperate and to isolate. The referendum took a snapshot of opinion at an extreme moment of the pendulum swing. Now all Britons have to live with the result. Related Entries June 30, 2016 Boris Johnson Plans Britain's Future June ...
truthdig   |   Fri, 1 Jul 2016 13:38:07

Brexit Was a Win for the Good Guys

Watching the Brexit campaign generated mixed feelings: It was a little like the man who saw his mother-in-law drive his new Mercedes off a cliff. In the United Kingdom some people who hated free trade, immigration, and market innovation challenged the officious, wannabe super-state headquartered in Brussels. Who to cheer ...
Doug Bandow / Cato   |   Fri, 1 Jul 2016 13:38:00

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   |   Fri, 1 Jul 2016 13:25:22

Trinity Mirror aims to avoid Brexit hit

Newspaper group promises action as advertising sales slide
FT   |   Fri, 1 Jul 2016 13:25:00

S&P Slashes US Economic Growth Outlook, Blames Brexit

Is this even allowed? It appears S&P has joined the cynical, skeptical ranks of fiction-peddlers and has axed its economic outlook for the US economy. "All told, we expect the repercussions from Brexit to weigh somewhat on U.S. GDP," says S&P's U.S. Chief Economist Beth Ann Bovino. "Combining this with ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 13:24:04

Easyjet 'seeking air operator certificate outside Britain after Brexit'

British airline easyJet has reportedly started the process to get an air operator certificate in a different European Union country after the Brexit...
euronews   |   Fri, 1 Jul 2016 13:11:54

Don't Expect Bank of England to Wait, Easing may Begin Next Week

Investors are debating over whether the Bank of England ease policy at the July 14 MPC meeting or wait until August Quarterly Inflation Report when new post-Brexit forecasts will be ready. There are many dimensions to monetary policy, and the first move could come next week. Of the various parts ...
Marc Chandler / Marc to Market   |   Fri, 1 Jul 2016 13:08:00

Brexit: FT markets' analysis in review

A look back at our coverage before and after the vote
FT   |   Fri, 1 Jul 2016 13:07:07

UK economy at cruising speed entering Brexit storm

Data this week confirm that the UK economy was growing solidly before the EU referendum, in line with the positive assessment in previous posts here but contrary to consensus gloom. Revised figures show that GDP grew by 0.45% in the first quarter, up from a previous estimate of 0.36%. The ...
Simon Ward / Money Moves Markets   |   Fri, 1 Jul 2016 13:06:46

Fed: Next hike to come in Q3 2017 at the earliest - RBC CM

Research Team at RBC Capital Markets, suggests that the Brexit has introduced the very real possibility that this morphs into a domino effect across t
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 13:06:43

Hinkley Point C critics try to derail it amid Brexit vote turmoil

Board of EDF, energy project's key backer, is at risk of fracturing as ex-supporters worry about uncertainty of British government Britain's flagship energy project, Hinkley Point C, is hanging by a thread as critics inside key backer EDF use the political turmoil caused by the Brexit vote to try to ...
Terry Macalister Energy editor / Guardian   |   Fri, 1 Jul 2016 13:06:01

What's next for stocks in post-Brexit world?

Stocks enter the the start of the third quarter riding a huge three-day rally and facing fresh headwinds and new questions.
USA Today   |   Fri, 1 Jul 2016 13:02:06

SRSLY: BoJo, The #Brexit Bro

by David Epstein SRSLY The best reporting you probably missed David Epstein Welcome to SRSLY, an (experimental) newsletter highlighting under-exposed accountability journalism. We'll distill the important information from investigative reporting you probably missed, and deliver it to you in worth of reading. Sign up to have it delivered to your ...
ProPublica   |   Fri, 1 Jul 2016 13:00:36

Post-Traumatic Brexit Disorder Relief: Buy These BDCs

Seeking Alpha   |   Fri, 1 Jul 2016 13:00:00

City watchdog's new boss tries to reassure foreign staff after Brexit vote

Tim Wallace / Alistair Osborne   |   Fri, 1 Jul 2016 12:57:41

Don't be fooled by the rally - gold is still stuck in a 'bear super-cycle'

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 ...
Business Insider   |   Fri, 1 Jul 2016 12:56:43

TOM LEE: Here are 5 reasons why stocks will keep going up

Brexit is a "fundamental negative," but US stocks will continue to climb in the days ahead, according to Fundstrat's Tom Lee. It's still very early days since the United Kingdom voted to leave the European Union - a decision that rocked global markets because investors were not expecting it. But ...
Money Game   |   Fri, 1 Jul 2016 12:51:04

FACTBOX-What the Bank of England can do to cushion Brexit hit for UK

LONDON, July 1- Bank of England Governor Mark Carney has said he expects the central bank will need to do more to help Britain's economy after it was hit by the shock of last week's referendum vote to leave the European Union. That is a record low but it still ...
CNBC   |   Fri, 1 Jul 2016 12:51:00

Top Analyst Upgrades and Downgrades: CenterPoint, Micron, Paychex, Qualcomm, SolarCity, Southern Copper and Many More

The stock market has recovered a majority of its post-Brexit losses, with the Dow's 900+ point drop from last Thursday to being less than 100 points down. Investors have different reasons each... AVY BCC CE CNP CXW DRI GSK MAN MU PAYX QCOM SCCO SCTY Administrator bull and bear
24/7 Wall St.   |   Fri, 1 Jul 2016 12:50:16

The Brexit Bodge: What they said

The EU referendum was only a week ago, and already the false claims and promises of 'Leave' campaigners are painfully unravelling. THEY SAID that outside the EU, Britain could control migration. This would relieve on public services. - BUT NOW they're saying that leaving the EU can't radically reduce migration ...
Jon Danzig / Ideas on Europe   |   Fri, 1 Jul 2016 12:48:55

Winners of Brexit: Will London Be Supplanted by Other Finance Hubs?

Will London's status as a financial capital be threatened by the United Kingdom's recent Brexit vote? If so, which global financial centers stand to gain the most from the City's loss? We polled readers of CFA Institute Financial NewsBrief to find out. Read more
Laurel Teo, CFA / CFA Institute   |   Fri, 1 Jul 2016 12:48:18

Brexit uncertainty strengthens the case for UK shale

The pending exit from the European Union strengthens the argument for the development of Britain's currently untapped shale gas resources. Britain's energy security should be a concern whether it remains in the EU or not, though the vote to leave makes this an increasingly acute issue. Quite simply Britain doesn't ...
Proactive Investors   |   Fri, 1 Jul 2016 12:40:00

Bonddad Friday Linkfest

Tom Taylor on BrexitA comment I heard several times from "Leave" proponents is that the United Kingdom has fifth-largest economy in the world, and even outside the EU, it will remain an important player in the global economy. This argument strikes me as whistling in the dark. Yes, if GDP ...
Bonddad Blog   |   Fri, 1 Jul 2016 12:38:00

How Brexit Will Impact Your Retirement

The impact of the Brexit vote is still blasting financial markets. Here's what you need to know about how it will impact your retirement.
John Wasik, Contributor / Forbes   |   Fri, 1 Jul 2016 12:33:00

Gove says Brexit should not start this year

Justice secretary launches leadership campaign with promise to 'reform capitalism'
FT   |   Fri, 1 Jul 2016 12:31:32

London property deals end after Brexit

Large commercial real estate agreements to fall include £465m acquisition of Cannon Place office
FT   |   Fri, 1 Jul 2016 12:28:24

BoE said to ease banks' capital requirements after Brexit vote

The Bank of England is planning to cut banks' capital requirements as early as next week, Bloomberg reports citing people with knowledge of the discus
Ani Salama / FX Street   |   Fri, 1 Jul 2016 12:28:19

Brexit and the Bioeconomy

OK, the UK is exiting the EU, Cameron has resigned, Scotland is considering secession, Moody's put the British credit rating on watch, and 12 shadow ministers of the Labor Party were either sacked or resigned, as the UK's extraordinary political crisis unfolds. Markets melted on last week, with $2 trillion ...
REN   |   Fri, 1 Jul 2016 12:25:00

Why Tesco Won't Get a 'Brexit' Boost

When the pound plunged in 2008, U.K. grocers were a haven in the storm. Don't expect a repeat performance now.
WSJ   |   Fri, 1 Jul 2016 12:23:18

Brexit Along Three Axes

I do not think that the 3-axes model performs as well as usual at interpreting the post-Brexit feelings. But here is a try. Let us treat the vote as an anti-immigrant backlash. That might not be correct, by the way. ... Continue reading →
Arnold Kling / askblog   |   Fri, 1 Jul 2016 12:21:30

Osborne abandons 2020 surplus target

Chancellor responds to uncertainty generated by Brexit vote
FT   |   Fri, 1 Jul 2016 12:20:59

Explaining Social Anger, Brexit, Donald Trump In One Chart

Submitted by Michael Shedlock via MishTalk.com, Voters are angry. Donald Trump, Marine Le Pen, Nigel Farage, UKIP, and the AfD party in Germany have all been accused of stirring up anger and hatred. But anger is not the problem. None of those individuals or political parties are the problem. Protectionism ...
Zero Hedge   |   Fri, 1 Jul 2016 12:20:18

EasyJet says no decision on HQ relocation until Brexit dust has settled

EasyJet said it will not decide whether to relocate its legal headquarters until Britain's new relationship with the European Union is clear, following a report which said its CEO had signalled a move from the UK was almost inevitable. A spokesman for the British budget airline, responding to a Sky ...
Times of Malta   |   Fri, 1 Jul 2016 12:20:00

The Case for 'Regrexit': Why Britain Won't Really Leave the EU

The Case for ' Regrexit ': Why Britain Won't Really Leave the EU Despite the Brexit vote, Britain will remain a de-facto member of the European Union, writes Peter Vanham, Global Leadership Fellow at the World Economic Forum who is [...] The post The Case for 'Regrexit': Why Britain Won't ...
Knowledge Wharton / Value Walk   |   Fri, 1 Jul 2016 12:15:23

Brexit won't stop Britain's house prices from rising

A new report from the Nationwide building society has shown that the spectre of a Brexit has had no discernible impact on the UK property market. Average house prices grew 0.2% in June from May to £204,968 ($272,269), 5.1% higher than they were a year ago. Robert Gardner, Nationwide's Chief ...
Matthew Nitch Smith / Business Insider   |   Fri, 1 Jul 2016 12:12:27

4 Deutsche Bank High Conviction Stocks To Buy Right Now

Despite the nice rally the last two days, the $3 trillion two day sell-off after the Brexit vote was one of the largest on record. While of course it's always better to hold your nose and buy... FL WFC 247lee buy now key
24/7 Wall St.   |   Fri, 1 Jul 2016 12:11:12

8 Solid Technology Companies Valued Under 10 Times Expected Earnings

During periods of uncertainty, investors often look for what they find to be value. It should go without saying that an already-slowing international economic picture and then the Brexit shock have... ARRS BRCD JNPR MSCC NCR SWKS Administrator buy sell stocks
24/7 Wall St.   |   Fri, 1 Jul 2016 12:01:31

UK's potteries fight off Brexit threat

Steelite International, which provides tableware for the Dorchester hotel, bought out by US firm
FT   |   Fri, 1 Jul 2016 11:59:28

The experts who failed the Brexit test

Most embarrassed by recent events are prediction markets
FT   |   Fri, 1 Jul 2016 11:59:18

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   |   Fri, 1 Jul 2016 11:58:03

European factories bounce as Asia struggles, but Brexit poses threats

Euro zone May factory PMI at six-month high of 52.8
Jonathan Cable and Wayne Cole / Globe and Mail   |   Fri, 1 Jul 2016 11:56:21

Social media erupts

Forget Game of Thrones. The United Kingdom and its current political landscape have turned into a fast-paced TV drama of its own that can't be missed.
CNN   |   Fri, 1 Jul 2016 11:54:31

George Osborne just abandoned one of the government's biggest policies because of Brexit

The Chancellor has abandoned plans to balance the government's budget by the end of the decade, blaming uncertainty surrounding Britain's exit from the European Union. A commitment to reach a budget surplus - collecting more in taxes than it spends on public services - has been central to Osborne's vision ...
Oscar Williams-Grut / Business Insider   |   Fri, 1 Jul 2016 11:54:12

JLT: DB deficits hit record £341bn in June

Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
Professional Pensions   |   Fri, 1 Jul 2016 11:53:00

Brexit a 'wimpy crisis': Strategist

Market reaction to Britain's vote shows it might not be the financial disaster investors had feared, says Jim Paulsen.
CNBC   |   Fri, 1 Jul 2016 11:51:00

Friday Morning Links

MUST READS A Strong Middle Class Doesn't Just Happen - Atlantic Brexit Due to Failure of Elites, Not Bigotry of Masses - RCP Interest rate cut likely after Brexit vote, says Mark Carney - Guardian Anti-Brexit Elites Aren't the Ones Who Suffer from Their Policies - National Review The president ...
Tim Iacono   |   Fri, 1 Jul 2016 11:46:04

Slovakia takes over EU presidency amid Brexit fallout

The United Kingdom's vote to leave the European Union will dominate the bloc's agenda for the rest of the year, Slovakia's prime minister said on...
euronews   |   Fri, 1 Jul 2016 11:38:30

Independence Day gives driving boost for oil, but traders want to see sustained demand

The western world was certainly preoccupied with the Brexit fallout all week as warning signs of doom and gloom dominated the headlines. Like global equity markets, the oil market took a short sharp hit, but recovered later in the week and in early trading on Friday, Brent crude was priced ...
Proactive Investors   |   Fri, 1 Jul 2016 11:35:00

Frontrunning: July 1

Bond yields sink as central banks head for easier policy (Reuters) PM hopeful Gove says UK leader must believe in Brexit (AP) U.K. Can't Bank on EU's Rationality in Talks (WSJ) Gove Makes Case for U.K. Premiership After Johnson Betrayal (BBG) ECB not debating abandoning capital key in QE buys ...
Zero Hedge   |   Fri, 1 Jul 2016 11:34:47

Brexit and the end of EU enlargement

A few comments on Brexit from a British/EM perspective: First, on the idea that somehow Brexit can be avoided. Frankly, I just don't buy that. It was made crystal clear that this was an in-out decision, and we all voted on that assumption. It is patronising to the electorate to ...
Timothy Ash, Nomura / Beyond BRICs   |   Fri, 1 Jul 2016 11:33:51

Brexit watch: Easyjet mulling shift in HQ

Brexit to weigh only slightly on global oil demand, analyst says Dougie Youngson, analyst at City broker finnCap, highlighted that oil traders have so far focused on the short term impact of the Brexit vote. "The market is now focusing on what the impact of Brexit will be on global ...
Proactive Investors   |   Fri, 1 Jul 2016 11:29:00

UPDATE 1-UK's Osborne drops 2020 budget surplus target after Brexit vote

LONDON, July 1 (Reuters) - British finance minister George Osborne said on Friday he was no longer sticking to his centrepiece policy of turning the country's budget deficit into a surplus by 2020...
Reuters   |   Fri, 1 Jul 2016 11:28:58

Week in pictures - From Ataturk attacks to Brexit

From the deadly suicide attack in Turkey to the shock exit of Britain from Euro 2016, here is the week in pictures.
Al Jazeera   |   Fri, 1 Jul 2016 11:27:52

PM hopeful Gove says UK leader must believe in Brexit

LONDON (AP) - Political healing after Britain's vote to leave the European Union seemed a distant prospect Friday, as Justice Secretary Michael Gove ramped up his Conservative leadership bid but a senior colleague urged him to step aside.
Associated Press   |   Fri, 1 Jul 2016 11:19:29

Festival of Finance 2016

The ECB's Peter Praet and experts discuss Brexit, finance and markets
FT   |   Fri, 1 Jul 2016 11:19:25

Savers and borrowers braced for change amid Brexit fallout

Two speeches made within 24 hours have signalled significant changes ahead for personal finances.
BBC   |   Fri, 1 Jul 2016 11:17:45

Brexit: everything you wanted to know about turnout by age at the EU referendum

A week on from Britain's historic vote to leave the EU, some of the most frequently asked questions have concerned turnout levels across different age groups. Early cries that the young had been betrayed by older voters were countered with claims that it's young people's own fault for not voting ...
John Burn-Murdoch / FT Data   |   Fri, 1 Jul 2016 11:14:09

Brexit: Tensions emerge over UK-EU trade negotiations

UK and EU politicians send conflicting signals about how the UK's Brexit negotiations should proceed.
BBC   |   Fri, 1 Jul 2016 11:13:39

Labouring on? It's time to leap

What is to be done about the Labour party in the UK? Butterly, image: ra_hurd, some rights reserved "short term hopes are futile, long term resignation is futile" Hans Magnus Enzenberger For Labour this is not really about Brexit or Jeremy, they are respectively just the trip wires and symptoms ...
Open Democracy   |   Fri, 1 Jul 2016 11:09:13

Europe needs Brexit roadmap urgently, says ECB chief economist

LONDON, July 1 (Reuters) - Europe urgently needs a "roadmap" on Britain's plans to leave the European Union, the European Central Bank's chief economist Peter Praet said on Friday.
Reuters   |   Fri, 1 Jul 2016 11:06:46

Everything is not ok

A WEEK ago, as news of the vote in favour of Brexit sunk in, global markets tumbled. In the space of two days, the S&P 500 dropped more than 4%, while Britain's FTSE 250 fell about 10%. But then, strikingly, equity prices reversed themselves. The S&P 500 is now higher ...
Free Exchange   |   Fri, 1 Jul 2016 11:06:29

What Brexit means for your money

Investments, pensions and property face risks following the referendum vote
FT   |   Fri, 1 Jul 2016 11:04:19

Gove: I am the Brexit Candidate

Gove promises to deliver Brexit, end free movement, Australian-style points system, spend money on NHS - Guido Fawkes (@GuidoFawkes) July 1, 2016 Gove finishes up: "I am standing for the leadership not as a result of calculation... dare to dream" - Guido Fawkes (@GuidoFawkes) July 1, 2016 The post Gove: ...
WikiGuido / Guy Fawkes' blog   |   Fri, 1 Jul 2016 11:02:58

Brexit vote is poor outcome for UK, says industry

Majority of people believe Brexit is a bad decision for UK according to PP research.
Michael Klimes / Professional Pensions   |   Fri, 1 Jul 2016 11:00:56

Factory data show recovery before Brexit

Activity moved from stagnation to expansion, reaching five-month high in June
FT   |   Fri, 1 Jul 2016 10:58:06

The incredibly shrinking Brexit losses

That feared market meltdown? Yeah, it was short-circuited.
USA Today   |   Fri, 1 Jul 2016 10:58:03

The uncomfortable truth that the BoE faces after Brexit

The BoE has summed up the mood of most market participants who find themselves in a world of negative rates and ultra-aggressive monetary policy.
CNBC   |   Fri, 1 Jul 2016 10:51:00

Jefferies: Don't Panic, Markets Are Handling Events Quite Well

Sean Darby, Jefferies chief global equity strategist, and Kenneth Chan, the firm's quantitative strategist, want to have an honest conversation about Brexit. The world did not end after the vote, the sun, in fact, ended up rising in the east [...] The post Jefferies: Don't Panic, Markets Are Handling Events ...
Value Walk   |   Fri, 1 Jul 2016 10:48:46

Brexit Briefing: Michael Gove Enters Leadership Race; Boris Johnson's Bid Collapses - At A Glance

We have just witnessed the most extraordinary week in British politics possibly since World War II, with both leading national political parties in utter disarray. The June 23 vote to leave the European Union was always expected to bring uncertainty to the economy and financial markets. And it did. But ...
Stephen Fidler / WSJ Brussels   |   Fri, 1 Jul 2016 10:42:19

Brexit helps gold gain over 25% in first half of 2016

The U.K.'s vote to leave the EU has boosted precious metals as investors flock to safe-haven assets such as gold and silver.
CNBC   |   Fri, 1 Jul 2016 10:41:00

Renzi says EU must rediscover identity after Brexit

Rome, July 1 - Premier Matteo Renzi said Friday that he was optimistic the European Union could make good of Britain's vote to leave it. "A very interesting new period has started for Europe, ex malo bonum (good from evil)," he said at the presentation of the end of the ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 10:37:00

Brexit derails Fed hiking cycle - RBC CM

Research Team at RBC Capital Markets, suggests that the Brexit vote outcome has derailed the Fed hiking cycle and the question now is for how long. K
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 10:36:39

REPORT: EasyJet is thinking about moving its HQ out of the UK

EasyJet is consulting with aviation regulators across the European Union about possibly moving its headquarters out of the UK and into continental Europe, according to a report from Sky News. Sky's report suggests that EasyJet's chief executive Carolyn McCall - one of only a handful of female chief execs at ...
Business Insider   |   Fri, 1 Jul 2016 10:35:52

How millennial investors rode the Brexit wave

Young investors were more aggressive than their older cohorts during the Brexit-fueled market turmoil, according to Fidelity stats shared exclusively with CNNMoney. It's part of a broader shift of Millennials becoming more bold during market scares.
CNN   |   Fri, 1 Jul 2016 10:35:24

The Latest: Tony Blair sees danger after Brexit vote

Former Prime Minister Tony Blair, who argued strongly that Britain should remain in the European Union, has warned that Britain is in peril following the Brexit vote
U.S. News   |   Fri, 1 Jul 2016 10:30:00

European markets cautious, eye weekly gain, despite Brexit

The stocks on the European bourses traded range bound to moderately higher on the final trading day of the week, but remains on track for the first we
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 10:27:48

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead

It has taken just a week since the shock EU referendum vote for the best FTSE 100 performance in years. What's going on? Find out here ... After an initial slump in the first two trading day's following the Brexit vote, the index of Britain's top 100 companies regained all ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 10:24:20

No way out

All that remains of Brexit is lies, a botched job, and cynicism
José Ignacio Torreblanca / EL PAÍS   |   Fri, 1 Jul 2016 10:17:45

XAU/USD - Gold Climbs as Bank of England Says Rate Cut Coming

Gold has posted gains on Friday, continuing the upward movement which marked the Thursday session. The metal is trading at $1332 per ounce. On the release front, today's highlight is ISM Manufacturing PMI. The indicator is expected to remain unchanged at 51.3 points. The aftershocks in the wake of Brexit ...
Kenny Fisher / OANDA   |   Fri, 1 Jul 2016 10:17:40

Brexit vote triggers "redemptions day" for equity funds -BAML

LONDON, July 1 (Reuters) - Investors pulled $21 billion from global equities in the past week, the highest weekly outflow since last August's China-related ructions, with almost half that amount...
Reuters   |   Fri, 1 Jul 2016 10:14:27

US NFP: Look for something slightly above consensus - ING

Research Team at ING, suggests that aside from the ongoing political and market fallout from Brexit in the UK, we will get the first US Labour Report
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 10:13:18

FTSE 100 continues rebound but Royal Bank of Scotland falls again

Banking shares weaker on worries about UK recession and rate cut effects Leading shares are heading for their best week since December 2011, but banks continue to miss out on the post-Brexit bounce. Concerns about a UK recession and comments from Bank of England governor Mark Carney hinting at a ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 10:08:53

Heard in the Hutong: Beijingers on Brexit

We asked Beijingers their thoughts on Brexit.
WSJ Staff / WSJ China Real Time Report   |   Fri, 1 Jul 2016 10:08:49

UK in economic shock after EU referendum, Osborne says

Supreme national effort will be needed to get through aftermath of Brexit vote, says chancellor Britain's economy is showing clear signs of shock in the aftermath of the vote to leave the European Union, George Osborne has said. The chancellor, who backed a remain vote in last week's referendum, said ...
Press Association / Guardian   |   Fri, 1 Jul 2016 10:04:53

Investing after Brexit: Blithe spirit

Do not run for the doors in the face of volatility
FT   |   Fri, 1 Jul 2016 10:03:40

Aid, trade and friendship: Will Brexit hurt the world's most needy?

As the shock of Britain's decision to leave the European Union sent world stock markets tumbling and triggered global concern, some began to calculate the toll it might take on the world's most needy. Would aid to the world's developing nations be impacted? Would there be an effect on trade ...
Ann M. Simmons / LA Times   |   Fri, 1 Jul 2016 10:00:00

EasyJet Opens Talks Over Post-Brexit HQ Move

EasyJet's boss has signalled in private meetings this week that moving its legal HQ is "likely" after Brexit, Sky News can reveal.
Sky   |   Fri, 1 Jul 2016 09:58:04

Could Paris really steal City of London crown after Brexit?

French officials have been preparing for months to promote their financial sector and urge City bankers to consider a move Hours after the UK's vote for Brexit was announced, online adverts saying "Welcome to the Paris Region" aimed at international banks and investors were already running in the Financial Times ...
Angelique Chrisafis in Paris / Guardian   |   Fri, 1 Jul 2016 09:57:57

Why Brexit Could Hurt America's Security And Help Russia's

Image credit: istockIn the Newsquoting Michael McFaulvia CNN What happens in Europe doesn't stay in Europe.
Hoover Institution   |   Fri, 1 Jul 2016 09:54:00

Race for Britain's Brexit PM heats up after Boris bows out

Britain's ruling Conservative Party was left reeling on July 1, after the shock withdrawal of favourite Boris Johnson from the race to become prime minister in the wake of the vote to leave the EU
Hurriyet   |   Fri, 1 Jul 2016 09:52:00

UK factory output grows despite fears of Brexit fallout

Solid growth in new orders helped by export boost from the dive in sterling as PMI rises to highest level since January UK factory output made tentative gains in June after a slump in the spring, but firms still shed jobs amid fears over the referendum vote last week. The ...
Phillip Inman Economics correspondent / Guardian   |   Fri, 1 Jul 2016 09:51:09

Italy's 2016 growth just 0.8% after Brexit - CSC report (2)

Milan, July 1 - Italy's GDP will rise by 0.8% this year and by 0.6% in 2017, the CSC research centre of industrial employers' confederation Confindustria said Friday after revising down its forecasts following the Brexit. In December it forecast growth of 1.4% in 2016 and 1.3% in 2017. "The ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 09:49:00

EMERGING MARKETS-Emerging stocks set for biggest weekly rise since March

By Karin Strohecker LONDON, July 1 (Reuters) - Emerging stocks headed for their biggest weekly gain since March on Friday, shrugging off Brexit jitters and focusing on the likelihood of more...
Reuters   |   Fri, 1 Jul 2016 09:43:03

Mr Market is not shrugging off Brexit

If stock prices are telling us anything, it is all bad news
FT   |   Fri, 1 Jul 2016 09:41:37

Brexit is not the beginning of a global security crisis

Now its people have decided to back out of the EU, Britain's future place in the world order is more unclear than it has been for decades - but that still doesn't mean that the world is less safe because of the British electorate's decision. To read some reactions to ...
Ian Shields, Associate Lecturer in International Relations, Anglia Ruskin University / The Conversation   |   Fri, 1 Jul 2016 09:40:00

UK factories report pick-up in activity in June

UK manufacturers saw activity pick-up in June, according to a closely watched survey, but the effects of the Brexit vote will not be seen until July.
BBC   |   Fri, 1 Jul 2016 09:36:02

Fed's Bullard doesn't expect Brexit to have influence on global deflation

In an interview on Bloomberg TV, St. Louis Fed President James Bullard noted that the US economy is in a low growth phase now. Key Quotes: US is in
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 09:33:56

7 ways Brexit will be felt across Africa

The reverberations from Britain's fateful choice extend far beyond Europe. The U.K. retains deep ties with many African states, and the turbulence is causing anxiety from the Johannesburg stock exchange to the battlefields of Somalia.
CNN   |   Fri, 1 Jul 2016 09:32:16

Who's really to blame for Brexit

Mismanagement of globalization by the world's leadership class has led to Brexit and may elect Donald Trump. The post Who's really to blame for Brexit appeared first on The Japan Times .
Ted Rall / Japan Times   |   Fri, 1 Jul 2016 09:31:59

My 350 on BREXIT: An act of utter ignorance

"Many have claimed that it is high time for the establishment to start listening. It is not. Rather, it is high time Leave voters started listening." As a UK resident for three years and an Anglophile whose biggest ambition in life is to acquire a British accent, I am devastated. ...
Ragnar Weilandt / Open Democracy   |   Fri, 1 Jul 2016 09:31:22

China PMI Drops To Four Month Low

Brexit is sure to damage the economic growth of both the EU and U.K. America's GDP growth has been lackluster. Japan's decades long financial trouble has not ended, and will not soon.... 247wallst The Great Wall of China
Douglas A. McIntyre / 24/7 Wall St.   |   Fri, 1 Jul 2016 09:24:37

Brexit and the future of European Union By George Soros

Brexit and the future of European Union The United Kingdom had the best of all possible deals with the European Union; it was a member of the EU common market while having its own currency. Yet that was not enough [...] The post Brexit and the future of European Union ...
Guest Post / Value Walk   |   Fri, 1 Jul 2016 09:24:33

The Minsky moment theory and its relevance to Brexit

Whoever has studied economics has encountered the 'Minsky moment theory' named after economist Dr. Hyman Minsky, who had noted that in times of stability, traders tend to inflate asset prices by leveraging their positions, with the consequence that markets shift towards a bearish mode, while a dash for the exit ...
Times of Malta   |   Fri, 1 Jul 2016 09:24:00

Italy's 2016 growth just 0.8% after Brexit - CSC report

Milan, July 1 - Italy's GDP will rise by 0.8% this year and by 0.6% in 2017, the CSC research centre of industrial employers' confederation Confindustria said Friday after revising down its forecasts following the Brexit. In December it forecast growth of 1.4% in 2016 and 1.3% in 2017. "The ...
Gazzetta Del Sud   |   Fri, 1 Jul 2016 09:21:00

We need to build new runways at Heathrow AND Gatwick if we are to grow post-Brexit

James Quinn / Telegraph   |   Fri, 1 Jul 2016 09:17:19

One bleak chart shows how awful the next few years will be for the British economy

Exactly one week ago, Britain voted to leave the European Union and, as predicted, chaos ensued in the markets. Prior to the vote economists, banking analysts, central banks and pretty much every category of financial thinker warned of the potentially dire consequences of the referendum. Markets would crash, investment to ...
Will Martin / Business Insider   |   Fri, 1 Jul 2016 09:14:19

Brexit aftermath: metals and miners strengthen, UK weakens

On the whole, dollar strength is a mixed blessing for miners. A strong dollar in many respects equates to weaker commodity prices, an effect most marked in the AM and PM fix for the gold price, but also apparent elsewhere. And yet, the very fact that commodities are priced in ...
Proactive Investors   |   Fri, 1 Jul 2016 09:12:00

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

Ashley Kirk / Telegraph   |   Fri, 1 Jul 2016 09:05:58

"Brexit And The EU: A New Deal For All The EU Or No Deal At All?" by Vivien Schmidt

Now that the UK has voted to leave the EU, all the attention has been focused on how it will go about leaving, or even whether it will leave in the end. But equally important is how the EU responds to Brexit: whether as an isolated case to be quarantined ...
Vivien Schmidt / Social Europe Journal   |   Fri, 1 Jul 2016 09:05:04

"The Solution To Brexit Lies In Eastern Europe" by Zoltán Pogátsa

However many reasons British voters had for voting to leave the European Union, it is generally agreed that resentment about immigration was at the top of their concerns. Economists have come forward over the years with numerous studies concluding that labour migration from the rest of the EU is beneficial ...
Zoltán Pogátsa / Social Europe Journal   |   Fri, 1 Jul 2016 09:04:24

How to start healing those Brexit family rifts

Victoria It has been an emotional month for many in the UK. After the sadness and anger that followed the tragic murder of MP Jo Cox, many people now feel fearful and apprehensive as the consequences of the EU referendum begin to reveal themselves. It has also been a divisive ...
Lucy Blake, Research Associate at the Centre for Family Research, University of Cambridge / The Conversation   |   Fri, 1 Jul 2016 09:01:42

Alphachat: Fact-checking Brexit claims with Tim Harford

Alphachat is available on Acast , iTunes and Stitcher . Continue reading: Alphachat: Fact-checking Brexit claims with Tim Harford
Aimee Keane / FT Alphaville   |   Fri, 1 Jul 2016 09:00:10

How to Stay Afloat in Choppy High-Income Markets

Brexit has made at least one thing certain: markets are in for a stormy summer. Even so, there are steps that investors who rely on fickle global credit markets for income can take to stay afloat.
AllianceBernstein   |   Fri, 1 Jul 2016 09:00:00

Around 20 banks, unfazed by Brexit, to invest 500 million sterling in Britain: PwC

LONDON (Reuters) - Around 20 startup banks and financial firms have reaffirmed plans to invest a total of up to 500 million pounds ($664.95 million) to open in Britain, consulting firm PwC said on Friday. These investment plans will be a boost for Britain's financial services sector, beset by rumors ...
Business Insider   |   Fri, 1 Jul 2016 08:55:05

How divided is the UK post-Brexit vote?

Hate crimes are on the rise in UK after Brexit vote.
Al Jazeera   |   Fri, 1 Jul 2016 08:51:01

Economists, Brexit and the Media: Epilogue

In a thoughtful piece, Paul Johnson of the IFS says that economists must take some of the blame for not getting our message across. In fact he says: "But it is always a mistake simply to look at the media as a scapegoat. The real failings were with my profession." ...
Mainly Macro / Mainly Macro   |   Fri, 1 Jul 2016 08:40:00

Tumble in Japan bond yields after Brexit renews pressure on BOJ

TOKYO, July 1- Ultra-long Japanese government bond yields sank to record lows this week after Britain voted to exit the European Union, in a fresh blow to the Bank of Japan's efforts to beat deflation. "It would be more difficult for the BOJ to come up with a new easing ...
CNBC   |   Fri, 1 Jul 2016 08:37:00

Justice Secretary Gove to spell out post-Brexit plans

Justice Secretary Michael Gove plans to spell out his plans for Britain's post-European Union future as he intensifies his bid for the Conservative Party leadership
U.S. News   |   Fri, 1 Jul 2016 08:31:06

Brexit: Huge Spanner in the Works - Negotiation of New UK Trade Deals Verboten Till Exit Complete

does not even begin to describe how hard it will be for the UK to strike post Brexit trade deals. Negotiations cannot begin until the UK has left the EU.
Yves Smith / Naked Capitalism   |   Fri, 1 Jul 2016 08:30:23

Brexit is going to totally screw up Europe's manufacturing renaissance

The European manufacturing sector saw its recovery accelerate in June, but Britain's vote to leave the European Union could bring that recovery to a total standstill, according to the latest PMI data released by Markit on Friday morning. Markit's PMI reading for June showed that the continent's manufacturers enjoyed their ...
Will Martin and Will Martin / Business Insider   |   Fri, 1 Jul 2016 08:23:40

Why Brexit Persuaded Me To Vote For Hillary Clinton

Image credit: istockFeaturedvia Politico Last Friday, people across the United Kingdom woke up shocked to learn that their nation had actually voted to leave the European Union. More than a million people now reportedly would like to change their vote from "leave" to "remain"; more than 3 million signed a ...
Kori Schake / Hoover Institution   |   Fri, 1 Jul 2016 08:11:00

This is what European fund managers are betting on to help them battle through Brexit

Traders and fund managers have a tough time ahead of them after Britain voted for a Brexit - a British exit from the European Union. Stocks are all over the place, the plunge in sterling is wreaking havoc on various asset classes, and the UK's economic outlook is pretty grim. ...
Lianna Brinded / Business Insider   |   Fri, 1 Jul 2016 08:10:17

What Does A Post-Brexit Future Look Like For Britain?

By Linda Yueh As the UK contemplates its future with Europe, what's needed now is a parallel pursuit of free trade agreements (FTAs) with the other major economies. Trade agreements take years, as will Britain's negotiations with the European Union, so the sensible approach is to start talks with the ...
London Business School Review, Contributor / Forbes   |   Fri, 1 Jul 2016 08:07:00

It's Time for a U.S.-U.K. Free-Trade Agreement

"It is not given to us to peer into the mysteries of the future. Still I avow my hope and faith, sure and inviolate, that in the days to come the British and American peoples will, for their own safety, and for the good of all, walk together in majesty, ...
National Review   |   Fri, 1 Jul 2016 08:00:00

European Cities Battle for London's Finance Crown

Following the U.K.'s vote to leave the European Union, London's position as the continent's premier financial center is under threat, and officials in Paris, Frankfurt and Dublin aren't wasting time in trying to hasten its downturn.
WSJ   |   Fri, 1 Jul 2016 07:51:43

Beyond fake promises and blind faith, is there a glimmer of hope for post-Brexit NHS politics?

The main 'leave' narrative blamed the wrong people, but people may yet realise they've been duped - and there are some interesting flashpoints ahead. Image: Flickr/Geoff Holland I am furious with those on the left who advocated Leave. Whatever their motives, that judgement was blind to the upsurge of racism ...
Greg Dropkin / Open Democracy   |   Fri, 1 Jul 2016 07:49:40

Four days and counting: The stock market rally continues

European stocks are extending their rally into a fourth day as investors continue to shrug off the initial shock of Britain's vote to leave the European Union. Stocks initially tanked after the Brexit vote but have now roared back and are in their fourth day of positive trading. In Britain, ...
Business Insider   |   Fri, 1 Jul 2016 07:45:06

Week Ahead - BOE Reacts To Brexit Vote

Seeking Alpha   |   Fri, 1 Jul 2016 07:32:52

If The UK Economy Tanks, Don't Blame Brexit

Submitted by Frank Shostak via The Mises Institute, Last Thursday, the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain's exit from the European Union as bad news for economic growth in the UK and the eurozone. As a result, it is ...
Tyler Durden / Zero Hedge   |   Fri, 1 Jul 2016 07:30:00

Brexit-hit housebuilders are bargains

Sector sell-off leaves stock looking better value than house prices
FT   |   Fri, 1 Jul 2016 07:29:10

This is what Britain losing investment looks like - but it also helps explain the Brexit vote

South East Asia's third largest bank, United Overseas Bank, has stopped funding mortgages for UK properties, one of the first examples of investment in Britain drying up in the wake of the Brexit vote. The Times quotes a spokesperson for the Singapore lender as saying: "As the aftermath of the ...
Oscar Williams-Grut / Business Insider   |   Fri, 1 Jul 2016 07:28:52

$A continues to rise as Brexit fears fade

The Australian dollar is edging closer to 75 US cents, as concerns about Brexit fade and the RBA's next rate decision nears.
SMH   |   Fri, 1 Jul 2016 07:24:05

Brexit is already affecting our startup - enquiries are dropping

A small agency says clients have become jittery over the topic of future marketing budgets following the UK's vote to leave the EU As the small business community reels from the shock that Britain is to leave the EU, at our startup marketing agency Move Digital it felt as if ...
Guardian Staff / Guardian   |   Fri, 1 Jul 2016 07:22:35

Was Brexit Fear a Giant Hoax Or Is This the Calm Before the Next Storm?

Was Brexit Fear a Giant Hoax Or Is This the Calm Before the Next Storm? Here is a latter portion of this informative article by Ambrose Evans-Pritchard of The Telegraph: Yet it should be dawning on European politicians by now that the economic fates of the UK and the eurozone ...
Proactive Investors   |   Fri, 1 Jul 2016 07:20:00

Gilt yields at record lows on Brexit fallout

Stocks supported by prospect of more central bank stimulus
FT   |   Fri, 1 Jul 2016 07:14:41

UK shares push higher on Carney speech

UK shares rise for a third day, after Bank of England governor Mark Carney hinted at fresh stimulus measures following the Brexit vote.
BBC   |   Fri, 1 Jul 2016 07:12:36

OPM pours cold water on Busuttil's calls for a united Brexit front

Though the Office of the Prime Minister has welcomed in principle the Opposition's offer to form a united front to deal with the Brexit challenges, such a scenario still looks unlikely, at least for the time being. Exactly a week ago, Opposition leader Simon Busuttil extended "a hand of cooperation" ...
Keith Micallef / Times of Malta   |   Fri, 1 Jul 2016 07:12:03

Shares rise on Brexit rate cut prospect - business live

Markets are up after Mark Carney said the Bank of England could cut interest rates following the Brexit vote 8.06am BST Good morning. This time last week Britain was waking up to the news that it had voted to leave the European Union. The outcome sent shockwaves through global markets, ...
Angela Monaghan / Guardian   |   Fri, 1 Jul 2016 07:06:51

Links for 07-01-16

The Macroeconomics of Brexit: Motivated Reasoning? - Paul Krugman Impact of trade agreements: New approach, new insights - VoxEU The greatest reshuffle of incomes since the Industrial Revolution - VoxEU Mysteries of Money - The Baseline Scenario I think this...
Economist's View   |   Fri, 1 Jul 2016 07:06:00

Brexit live - Pound falls on Carney comments

Labour leader Jeremy Corbyn could face a leadership challenge
FT   |   Fri, 1 Jul 2016 07:03:53

Brexit is already affecting the economy - despite the short-term fluctuations of the stock market

Brexiters won the referendum over a week ago. Yet due to their lack of preparation and direction, it remains unclear whether and how Brexit will happen. Despite the FTSE index swings reported daily in the media, this uncertainty is already negatively affecting the economy, writes Costas Milas, and is evident ...
Blog Admin / British Politics and Policy at LSE   |   Fri, 1 Jul 2016 07:00:59

If dissensus is the new normal in Britain, we need a new media

An inquiry into the future of public service broadcasting in Britain launched its report days after the Brexit vote. It holds important clues to how we deal with the current breakdown of consensus. The referendum result of June 24 made millions of people in Britain sit up and think about ...
Des Freedman / Open Democracy   |   Fri, 1 Jul 2016 06:58:29

Market close to recovering Brexit losses

The share market has continued to rise on easing Brexit fears, though falls among the big banks kept the gains to a modest level.
SMH   |   Fri, 1 Jul 2016 06:56:32

Brexit and the NHS - why we all must fight the racist discourse

Westminster promises to get even 'tougher on migration' risk damaging public health and the stability of our NHS. Image: VivirLatino. Creative Commons Licensed.The right-wing Leave campaign promoted anti-immigrant sentiment to achieve its political goals. The fallout has been the legitimisation of bare-faced racism. Immediately post-Brexit there has been a 57% ...
Ruth Atkinson / Open Democracy   |   Fri, 1 Jul 2016 06:54:37

EUR/USD waits for PMIs near 1.1080

The dingle currency is following the rest of the riskier assets southwads today, sending EUR/USD to the area of 1.1080. EUR/USD lower on risk, Brexit
Pablo Piovano / FX Street   |   Fri, 1 Jul 2016 06:40:09

Brexit stirs eurozone break-up fears

Asset managers are concerned that Britain leaving the EU could trigger the end of the euro
FT   |   Fri, 1 Jul 2016 06:30:28

GLOBAL MARKETS-Asia stocks up as risk appetite recovers, pound under fresh pressure

SINGAPORE/ TOKYO, July 1- Asian stocks rose on Friday and European markets were expected to follow as investors continued to recover from last week's Brexit shock, but the pound came under fresh pressure after the Bank of England's governor hinted at an interest rate cut ahead. Financial spreadbetters expected Britain's ...
CNBC   |   Fri, 1 Jul 2016 06:30:00

Share market finishes higher

The share market has closed slightly higher as risk-aversion in the wake of Brexit calms for the moment.
SMH   |   Fri, 1 Jul 2016 06:25:22

ECB mulls relaxing QE rules post-Brexit: Report

The ECB could relax the rules for bond-buying in the wake of the Brexit vote. Barnaby Martin, head of European credit strategy at BofA Merrill Lynch Global Research, discusses.
CNBC   |   Fri, 1 Jul 2016 06:25:00

NZD/USD tests post-Brexit highs, then retreats

The NZD/USD pair extends its bullish run into a fourth-day today, having reversed more-than half the Brexit-induced slide, as the recovery in oil and
Dhwani Mehta / FX Street   |   Fri, 1 Jul 2016 06:22:46

Fed: No longer expect to hike rates in 2016 - RBS

Research Team at RBS, suggests that in the wake of the Brexit vote, they no longer expect the Fed to hike rates in 2016 and, for now, are removing any
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 06:22:26

No Brexit-style election shock for market

The best election result for investors would be a clear majority, but the concern is minor parties will again control the Senate, market watchers say.
SMH   |   Fri, 1 Jul 2016 06:16:23

China: CPI slowdown continues to give PBOC a chance to cut - MUFG

Research Team at MUFG, suggests that without Brexit, DXY would have fallen a couple of points in June. Key Quotes "As it stands, it's pulling back f
Sandeep Kanihama / FX Street   |   Fri, 1 Jul 2016 05:42:55

Japan can learn from Brexit vote

People in the U.K. must be proud of having taken part in this historic referendum, whichever side they voted for ("Britain shocks world with vote to exit EU," June 25). They showed the rest of the world that it is people, not politicians, who make the final decision on the ...
Japan Times   |   Fri, 1 Jul 2016 05:35:27

Putin dares Britain to go through with Brexit

Peter Foster / Telegraph   |   Fri, 1 Jul 2016 05:00:00

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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