UK Mutual Funds - If You Can't Touch It, You Don't Own It by Jeff Thomas, Sprott Money The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, [...]
Value Walk | Fri, 22 Jul 2016 21:21:12
New foreign secretary says Brexit can be 'fantastic thing' for UK finance
FT | Fri, 22 Jul 2016 21:20:07
What will Brexit mean for small towns in Poland that have seen their populations shrink as people left to live and work elsewhere in the EU?
BBC | Fri, 22 Jul 2016 21:08:31
Apartments bought off-plan offered for sale at less than price originally agreed with developers as data suggests Brexit vote could cause housing sales slump The first real signs of distress in the market for luxury London apartments are starting to emerge, as investors who agreed to buy homes off-plan are ...
Hilary Osborne / Guardian | Fri, 22 Jul 2016 18:59:09
EUR/USD broke to the downside during Friday's American session and fell to 1.0955, reaching the lowest level since the Brexit referendum results...
Matías Salord / FX Street | Fri, 22 Jul 2016 18:57:54
Today's Water Cooler: TPP and Brexit, all Trump, all the time, Musk's plan, natural interest rate, crapification, political risk, Pokemon
Naked Capitalism | Fri, 22 Jul 2016 18:00:37
Top US carrier predicts Brexit could boost transatlantic traffic in the near term
FT | Fri, 22 Jul 2016 16:49:35
London shares ended mixed on Friday after the first grim data since the Brexit vote pushed sterling lower gave blue-chip stocks a boost but punished UK-centric midcaps. The FTSE100 index ended up 0.5% at 6,730 - its highest close since early August 2015 - while the midcap FTSE250 index was ...
Proactive Investors | Fri, 22 Jul 2016 16:31:00
In the wake of the Brexit vote, the government has been radically overhauled. Two former pensions ministers tell James Phillips how this affects pension policy.
Professional Pensions | Fri, 22 Jul 2016 15:32:00
The post-Brexit rally has been outstanding, and taking profits now makes very good sense. The question is what to do with the proceeds. CTL GM IVZ KSS 247lee GMC Sierra pickup
24/7 Wall St. | Fri, 22 Jul 2016 15:05:42
Liberal filmmaker shocks Bill Maher's audience, and compares Trump's appeal to 'Brexit.'
Curt Mills / U.S. News | Fri, 22 Jul 2016 13:17:59
Global stocks fall, UK PMIs flash Brexit recession warning (Reuters) Trump's greatest hits, all in one speech (Reuters) Donald Trump Accepts GOP Nomination, Promises to Fix America (WSJ) Trump's America Grows More Ominous Over 13-Month Run (BBG) Hillary Clinton: unwitting star of the Republican convention (FT) Clinton faces pressure to ...
Zero Hedge | Fri, 22 Jul 2016 11:36:42
The world is moving on from Brexit now, just about. Theresa May's been off to see European power-broker Chancellor Merkel and in true European style it's been agreed that the issue will be kicked down the road, to early 2017 at the very least. Does that mean Brexit won't now ...
Proactive Investors | Fri, 22 Jul 2016 11:27:00
Post-Brexit survey shows economy has had its sharpest drop since 2009
FT | Fri, 22 Jul 2016 11:20:06
U.K. Chancellor Ready to 'Reset' Fiscal Policy on Brexit Britain's Economy Wilting Fast After Brexit Vote, May Prompt More Spending Pointing a Finger at the [...]
Eddy Elfenbein | Fri, 22 Jul 2016 11:03:26
The fall in sterling since the Brexit vote makes higher prices more likely
FT | Fri, 22 Jul 2016 10:47:03
If You Can't Touch It, You Don't Own ItPosted with permission and written by Jeff Thomas (CLICK HERE FOR ORIGINAL) The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing ...
Zero Hedge | Fri, 22 Jul 2016 09:31:32
Five scenarios for the city post-Brexit, from a 'renationalised' British capital to a European enclave
FT | Fri, 22 Jul 2016 09:22:06
The Governor of the Bank of England acted quickly to stem the Brexit panic. Now, he can and should do more
ALEX TAPSCOTT / Globe and Mail | Fri, 22 Jul 2016 09:00:00
Markets opened lower on Friday as UK manufacturing activity nosedived following the 'Brexit' EU referendum result. The FTSE 100 Index was 15.32 points adrift at 6684.57 and the FTSE 250 was off 29.2 points at 17018.21, although the small-cap FTSE AIM All-Share gained 1.38 points to 739.65. UK manufacturing purchasing ...
Proactive Investors | Fri, 22 Jul 2016 08:49:00
Barclays analysts slash price target for retailer and expects "painful transition" Leading shares are heading lower into the weekend, slipping further back from their 11 month highs as investors pause for breath after the post-Brexit gains. Marks & Spencer is the biggest faller, down 8.2p or 2.5% to 320.3p as ...
Nick Fletcher / Guardian | Fri, 22 Jul 2016 08:32:33
The Times Brexit fears have been overblown, Draghi says: Mario Draghi played down fears about the wider impact of Brexit as he urged people to take warnings of a severe economic slowdown with a "grain of caution". Poundland error costs Canada Life a pretty penny: Canada Life was left embarrassed ...
Proactive Investors | Fri, 22 Jul 2016 08:25:00
From Brexit to Trump: Why mobilising anger in a constructive way is now one of the key challenges in modern politics
By Sonja Avlijaš Following Brexit, anger is palpable and omnipresent. Scrolling through Twitter as I write this, I find countless examples of anger on social media: Brexit was a cry of anger and frustration, anger of those left behind by globalisation, working-class anger, nationalist anger, Europeans ... Continue reading →
LSE Euro Crisis | Fri, 22 Jul 2016 08:15:45
The UK's Brexit referendum is the latest and most eminent manifestation of the European Union's severe crisis of legitimacy. An ever-increasing number of Europeans fundamentally question European integration. Without legitimacy - i.e. the acceptance and support of the Europeans - the EU has no future. The right lesson to draw ...
Social Europe Journal | Fri, 22 Jul 2016 08:00:14
FTSE 100 called to open -10pts at 6690, having traded sideways 6675-6690 overnight after breaking back below 6700 late yesterday. July rising lows may no longer be valid now but we note a rising channel from early May (albeit with a June Brexit interruption) with a floor around 6655 that ...
Proactive Investors | Fri, 22 Jul 2016 07:53:00
Chancellor Philip Hammond says he may 'reset' Britain's fiscal policy in the Autumn Statement if post-Brexit data indicates it is necessary.
BBC | Fri, 22 Jul 2016 07:39:08
Mark McCormick, North American Head of FX Strategy at TDS, suggests that since the initial jolt from Brexit, the major currency markets have been livi
Sandeep Kanihama / FX Street | Fri, 22 Jul 2016 07:31:13
Here's a rough piece of calculation based on the last few years of news: When x happens, yields fall. An example of this post-GFC rule-of-thumb was Brexit and its fallout. The potential lesson from said rule is that yield hunting isn't fun anymore, say Credit Suisse's William Porter and team, ...
FT Alphaville | Fri, 22 Jul 2016 07:12:01
MPs lambast Sports Direct's Mike Ashley, Heathrow's Brexit boost and good news at Vodafone. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. Continue reading: FT Opening Quote: A bad week for Mike Ashley
FT Alphaville | Fri, 22 Jul 2016 07:08:42
French business activity has held up better than expected in July despite the Bastille Day truck attack in Nice and concerns about Britain's decision to leave the European Union, a survey showed on Friday.
CNBC | Fri, 22 Jul 2016 07:07:00
The Brexit vote has increased the strain on companies funding DB funds. Kristian Brunt-Seymour explores how schemes can contingency plan in the face of uncertainty.
Professional Pensions | Fri, 22 Jul 2016 06:55:00
The CEO of a London fintech startup believes we will see a spike in the number of people signing up to be drivers with Uber in the wake of the Brexit vote, as investment, wages, and jobs in the UK suffer. Aneesh Varma, founder and CEO of credit scoring startup ...
Business Insider | Fri, 22 Jul 2016 06:00:00
Good morning! Here's what you need to know in markets on Friday. It's preliminary PMI day in Europe, the first major economic readings since Brexit. From 8.00 a.m. BST (3.00 a.m. ET) onwards, we'll be getting early estimates of economic growth in July for the manufacturing and services sectors, as ...
Business Insider | Fri, 22 Jul 2016 05:54:55
Elsewhere on Friday, - Musk just threw down the gauntlet to Uber, public transport and logistics. - The Brexit campaign that was, from a PR/ marketing perspective. - The meritocracy is just another way to put you down. - Eggertsson and Summers on secular stagnation, how it spreads and how ...
FT Alphaville | Fri, 22 Jul 2016 05:02:55
Post-Brexit negotiations could come under Mercosur trade bloc, says foreign minister
FT | Fri, 22 Jul 2016 05:02:36
Blackstone Group brushed aside Brexit-related impacts to post second-quarter results that were far better than Wall Street's expectations, as the real estate and credit divisions of the world's biggest alternative asset manager outshone other units. read more
FINalternatives | Fri, 22 Jul 2016 01:23:29
* Visa on operations in China - working through issues relating to national security reviews and encryption standards
Reuters | Thu, 21 Jul 2016 23:12:38
Impressive roster of senior financiers to co-ordinate contact with ministers
FT | Thu, 21 Jul 2016 23:10:31
It certainly was nice to get a down day for a change. I wanted to share three charts and a remark about each one. These are all short-term candlestick charts. The first is the ES, which has been in a bullish uptrend since the (now laughable) Brexit event. Until and ...
Tim Knight | Thu, 21 Jul 2016 22:49:26
Central banks are joining companies in taking a "wait and see" strategy to manage the effects of Brexit.
IFR | Thu, 21 Jul 2016 22:24:00
July 21 (Reuters) - Central banks are joining companies in taking a "wait and see" strategy to manage the effects of Brexit.
Reuters | Thu, 21 Jul 2016 22:13:18
France's president says the UK's Brexit negotiations should begin soon and warns that being in the single market means accepting freedom of movement.
BBC | Thu, 21 Jul 2016 21:56:39
Steve Cohen is thisclose to getting the Union Jack tattooed to his lower back.
Bess Levin / Dealbreaker | Thu, 21 Jul 2016 21:16:05
Investors react to more earnings and 1st European Central Bank policy meeting since Brexit
USA Today | Thu, 21 Jul 2016 20:50:37
Ambrose Evans-Pritchard | Thu, 21 Jul 2016 20:36:22
( Steven Hayward ) While we await the summa of Trumpismo tonight, it's worth a look across the pond at the early outings of Britain's new prime minister, Theresa May. I'd never heard of her before the Brexit vote, but at least two early moves look promising. First, she appointed ...
Power Line | Thu, 21 Jul 2016 20:35:40
Allister Heath / Telegraph | Thu, 21 Jul 2016 20:23:10
Here Is The City | Thu, 21 Jul 2016 20:18:39
French president concedes Theresa May needs time to prepare for talks
FT | Thu, 21 Jul 2016 19:35:46
French President Francois Hollande has said that Brexit should happen "the sooner, the better".
BBC | Thu, 21 Jul 2016 19:04:00
Industrial action in France, political turbulence across Europe and multiple terrorist attacks have added to UK anxiety Running an airline has always been a volatile game. Fixed overheads are heavy and profit margins can be clobbered by events and sudden dips in demand. It has always been so. If easyJet's ...
Nils Pratley / Nils Pratley | Thu, 21 Jul 2016 18:57:46
Bloomberg: Draghi Joins Not-Quite-Sure Club Puzzling Over Brexit Aftermath. Mario Draghi is part of a growing club of central bankers who are just fine with admitting they're uncertain what's going on right now -- and that's no barrier to action. Far from giving fresh insights into how the U.K.'s decision ...
Between the Hedges | Thu, 21 Jul 2016 18:57:00
The Petrobras scandal is Brazil's Brexit. An ex-IMF economist says the International Monetary Fund is needed to save Brazil once again.
Kenneth Rapoza, Contributor / Forbes | Thu, 21 Jul 2016 18:52:43
Just hear Pierre Gramegna out.
Jon Shazar / Dealbreaker | Thu, 21 Jul 2016 18:30:47
Political turbulence hits airline as terror attacks, Brexit vote and sterling slump increase fuel costs Continue reading...
Kipper Williams / Guardian | Thu, 21 Jul 2016 18:29:39
Rather than being the major disruption to the economy and markets that was expected, the vote has had a decidedly muted effect.
CNBC | Thu, 21 Jul 2016 18:23:00
Brexit sparked economic volatility and uncertainty.
Mortimer B. Zuckerman / U.S. News | Thu, 21 Jul 2016 18:06:37
Britain's Prime Minister Theresa May is due to meet with French President François Hollande as she attempts to smooth choppy relations with Paris since the U.K. voted to leave the EU.
WSJ | Thu, 21 Jul 2016 18:06:03
Wedgewood Partners letter to investors for the second quarter ended June 30, 2016. H/T Dataroma Brexit: The Vote Heard 'Round The World "I think a lot of the market reaction is less about the financial impact and more about populism [...]
VW Staff / Value Walk | Thu, 21 Jul 2016 17:54:51
Concern that balance of power will swing strongly in favour of eurozone governments
FT | Thu, 21 Jul 2016 17:31:37
EU carriers also being affected by falling ticket prices linked to excessive capacity growth
FT | Thu, 21 Jul 2016 17:31:16
Authored by Peter Tchir, originally posted at Forbes.com, I have been following several 'bearish' ETFs and ETNs lately – UVXY, TVIX, VXX and SDS. All seem to have the following characteristics recently: After some initial post Brexit selling – they are all seeing steady, if not accelerating inflows Rather than ...
Zero Hedge | Thu, 21 Jul 2016 17:21:37
Political drama that unfolded following Britain's vote to leave the EU led to a boost in sales
FT | Thu, 21 Jul 2016 17:12:24
The billionaire investor is expanding the London office of his firm, Point72 Asset Management, even as other firms pare back.
CHAD BRAY / NY Times | Thu, 21 Jul 2016 17:01:44
Jeremy Warner / Ambrose Evans-Pritchard | Thu, 21 Jul 2016 17:01:34
In early June, no one knew what "Article 50" was. Now, everyone knows: It is the piece of EU law in the Lisbon Treaty that will trigger Britain's exit from the European Union. We do not know when prime minister Theresa May will formally trigger Article 50. It could come ...
Jim Edwards / Business Insider | Thu, 21 Jul 2016 16:59:00
Traders claiming to have profited from the Brexit vote were slow to identify themselves in the wake of the historic decision for the UK to leave the European Union.
Euromoney | Thu, 21 Jul 2016 16:45:00
Pound climbs but FTSE 100 falters as Draghi says its 'too early' to assess Brexit impact on eurozone
Tara Cunningham / Telegraph | Thu, 21 Jul 2016 16:40:06
Firms could be forced to hike cost of goods to offset falling pound, says CEO of Flora margarine and Dove soap maker The maker of Flora margarine, Magnum ice-cream and Dove soap has become the first major food and consumer goods company to warn that prices could rise for UK ...
Graham Ruddick / Guardian | Thu, 21 Jul 2016 16:36:58
GM's warning about Europe did little to cool the enthusiasm of investors, who pushed the company's shares higher.
CNBC | Thu, 21 Jul 2016 16:35:00
I do not know how the UK will manage to unshit Cameron's bed, or if anybody in charge wants to.The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote and now seeing two quarters of contraction ...
Eschaton | Thu, 21 Jul 2016 16:30:00
ONS says volume of retail sales fell by 0.9% but soggy start to summer was bigger factor than Brexit vote Britain's inclement weather rather than the EU referendum put the damper on consumer spending last month as sales of clothes and shoes slumped during a wet June. Figures from the ...
Larry Elliott Economics editor / Guardian | Thu, 21 Jul 2016 16:20:38
General Motors announced it would cut costs in Europe even as the US carmaker announced a second quarter profit that doubled a post-bankruptcy record.
BBC | Thu, 21 Jul 2016 16:14:13
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 ...
Darren Lazarus / MoneyBeat | Thu, 21 Jul 2016 16:00:28
Mario Draghi on banks and monetary policy transmission from the ECB's press conference today: You're right, banks are important, especially important for the euro zone, which is basically a bank-based economy where the credit intermediation goes mostly through the bank lending channel. Bank equities in the aftermath of the Brexit ...
FT Alphaville | Thu, 21 Jul 2016 15:58:43
Radio France Internationale.
Radio France Internationale. / World Affairs | Thu, 21 Jul 2016 15:37:40
The Guardian. UK.
The Guardian. UK. / World Affairs | Thu, 21 Jul 2016 15:34:31
Mario Draghi says central bank will adopt wait-and-see stance over coming months before deciding whether to boost growth The European Central Bank has adopted a wait-and-see approach to the UK's Brexit decision and will wait for at least another six weeks before deciding whether it needs to boost growth in ...
Larry Elliott / Guardian | Thu, 21 Jul 2016 15:28:54
Europe's financial markets have the uncertainty caused by Britain's vote to leave the EU, says the president of the European Central Bank.
BBC | Thu, 21 Jul 2016 15:26:00
ECB keeps door open to easing after holding rates steady in meeting that will 'quickly disappear from memories'
The European Central Bank kept interest rates unchanged today but left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook
Reuters / Financial Post | Thu, 21 Jul 2016 15:22:42
Theresa May and François Hollande have lots to talk about. During their first meeting after May became prime minister of the UK, the role of each nation in Europe's future is very much at stake. Following the UK's decision to leave the EU last month, Hollande wants a swift and ...
David Lees, Teaching Fellow in French Studies, University of Warwick / The Conversation | Thu, 21 Jul 2016 15:21:58
Investors will be interested to hear any further comments on 'Brexit' from Vodafone PLC (LON:VOD) when the mobile phone giant updates the market on Friday. Vodafone has already said it may move its headquarters out of the UK because it only does about 11% of its business in Britain and ...
Proactive Investors | Thu, 21 Jul 2016 15:05:00
European venture capital (VC) funds raised a record amount of money in the first half of 2016, but the amount of capital being invested in technology start-ups in the region has plummeted, with deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, new data on ...
Here Is The City | Thu, 21 Jul 2016 15:04:01
The Dow dropped nearly 1,000 points (5%) and the London FTSE dropped 10% after the Brexit vote surprised the markets on June 23. After two days though, markets were marching back up again.That's just like markets on "crack!" They react to political events, but totally miss the Please click on ...
EconMatters / EconMatters Global | Thu, 21 Jul 2016 15:00:00
Rolling coverage as the European Central Bank leaves interest rates at record lows again Draghi says Brexit shock handled well Draghi: Public backstop would help banks tackle bad loans Earlier: Eurozone borrowing costs unchanged UK retail sales slid in June EasyJet hurt by Brexit and terrorism 3.54pm BST That wasn't ...
Graeme Wearden / Guardian | Thu, 21 Jul 2016 14:55:19
By Michael Nienaber and Paul Carrel BERLIN (Reuters) - Some German companies are holding off making investments in Britain until they know more about the relationship the country will forge with the rest of Europe following the Brexit vote. While big companies like Siemens and Bosch have the deep pockets ...
Business Insider | Thu, 21 Jul 2016 14:53:14
Maybe the U.S. economy is truly thinking "So What About Brexit!" if the Federal Reserve Bank of Chicago is to be believed. Administrator train yard
Jon C. Ogg / 24/7 Wall St. | Thu, 21 Jul 2016 14:45:25
Analysts from Lloyds Bank point out that today's retail sales report in the United Kingdom for June provides evidence that consumers were the key driv
Matías Salord / FX Street | Thu, 21 Jul 2016 14:44:32
Will the price of power go up? Could the lights go out? Britain's shock withdrawal from the European Union poses big questions, and urgency was in the air when the House of Lords, Parliament's chamber responsible for amending legislation, quizzed two experts in energy and climate change last week.
REN | Thu, 21 Jul 2016 14:40:00
BERLIN, July 21 (Reuters) - Some German companies are holding off making investments in Britain until they know more about the relationship the country will forge with the rest of Europe following...
Reuters | Thu, 21 Jul 2016 14:30:27
The Brexit mayhem and consequent downturn in London's real estate market have gotten several hedge funds to take up new short positions in the U.K. real estate sector. See also Hedge Fund Assets Rise On Brexit Gains Marshall Wace bags profit from [...]
Value Walk | Thu, 21 Jul 2016 14:13:25
Property group expects Brexit uncertainty to persist
FT | Thu, 21 Jul 2016 14:06:05
* U.S. weekly jobless claims fall to 3-month low, boost yields * ECB's Draghi says euro zone has weathered Brexit volatility * Thirty-year JGB yields spike, helps U.S. yields overall By...
Reuters | Thu, 21 Jul 2016 14:05:46
Forex: "The Markets Are Getting Exciting!" Our Senior Currency Strategist explains why By Elliott Wave InternationalJim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit. Watch this new interview to learn which markets Jim's... Please click on the ...
EconMatters Global | Thu, 21 Jul 2016 14:03:00
Banks' CEO, Paul Pester, says dip in mortgage activity lasted brief time, but EU poll result could stall banking reforms Customers cancelled appointments to arrange mortgages in a knee-jerk reaction to the vote for Brexit, the chief executive of TSB said on Thursday, as the bank reported a sharp rise ...
Jill Treanor / Guardian | Thu, 21 Jul 2016 14:01:45
Scott Morrison is more relaxed about Brexit at the G20 than the IMF, which says it is a blow to a fragile economy.
Austrailian | Thu, 21 Jul 2016 14:00:00
An interview with culinary legend Wolfgang Puck at Cut, 45 Park Lane in London, his only European restaurant, on BREXIT (inevitably), art, music, steak and the fact that people in LA actually do eat dessert.
Joanne Shurvell, Contributor / Forbes | Thu, 21 Jul 2016 13:53:00
FRANKFURT - The European Central Bank held its monetary policy fire on Thursday, but analysts expect it to flag fresh stimulus in September as the real economic fallout from Brexit makes itself felt.
Bangkok Post | Thu, 21 Jul 2016 13:45:00
The European Central Bank has announced at today's meeting that there will be no change in bank policy in the eurozone. This despite the manner in which the Brexit vote has rather increased uncertainty across the European Union. Interest rates will stay where they are, central bank purchases of quantitative ...
Tim Worstall, Contributor / Forbes | Thu, 21 Jul 2016 13:42:00
The eurozone is dealing with aftershocks of earlier crises, while coping with more recent threats like Britain’s vote to leave the European Union and a shaky banking system in Italy.
JACK EWING / NY Times | Thu, 21 Jul 2016 12:08:40
Brian Price, T. Rowe Price chairman & CIO, shares his outlook on the markets, and weighs in on Brexit, and the upcoming presidential election. I think investors will shake off the election - whatever happens, says Price.
CNBC | Thu, 21 Jul 2016 11:40:00
(see related) Rome, July 21 - The CSC research unit of industrial employers' confederation Confindustria said Thursday that Italy risked enduring a new credit crunch due to the weight of non-performing loans on many banks' balance sheets and falling share prices following the Brexit. "The collapse o
Gazzetta Del Sud | Thu, 21 Jul 2016 11:29:00
Antonio Garcia Pascual, chief European economist at Barclays, explains why the European Central Bank will eventually have to do a little bit more, in light of the Brexit vote.
CNBC | Thu, 21 Jul 2016 11:14:00
Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT | Thu, 21 Jul 2016 04:32:10
Theresa May in her first weeks as prime minister has vacillated between supporting an open, globalized vision for Brexit and one guided by economic nationalism.
WSJ | Thu, 21 Jul 2016 00:46:56
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