Brexit News Archive: 24 Jul 2016

Mittelbewegungen in der europäischen ETF-Industrie im Juni 2016

Vor dem Hintergrund des möglicherweise bevorstehenden Brexits hat sich die Volatilität an den europäischen Aktienmärkten im Juni erhöht. Dies führte in der Folge dazu, dass die europäische Fondsindustrie insgesamt Mittelabflüsse
Alpha Now   |   Sun, 24 Jul 2016 20:17:12

Meb Faber: Playing Defense Against Black Swans

Meb Faber: Playing Defense Against Black Swans Episode #7: Playing Defense Against Black Swans Guest: Episode #7 has no guest, but is co-hosted by Meb's co-worker, Jeff Remsburg. Date: 7/7/16 Run-Time: 30:10 Topics: With Brexit rattling the markets recently, it's [...]
Value Walk   |   Sun, 24 Jul 2016 17:59:31

Worries Dominate Meeting of Finance Ministers

Ministers from the Group of 20 major economies said they would use “all policy tools” to sustain growth in the wake of Britain’s vote.
REUTERS / NY Times   |   Sun, 24 Jul 2016 16:40:45

Is the Wall of Worry Becoming Vertical?

The melt-up, and break-out, in the U.S. stock market recently is a classic case of the market once again climbing the wall of worry in a convincing fashion. Political and economic uncertainty has surged. Trump is now real contender, the Brexit limbo persists, Italian banks are on the brink, and ...
Alpha.Sources   |   Sun, 24 Jul 2016 16:32:06

Italy finance minister rejects banks bail-in

Padoan denies 'systemic' banking problem on sidelines of G20, where finance ministers unite over Brexit
FT   |   Sun, 24 Jul 2016 16:03:01

UK banks prepare response to expected interest rate cut

Lloyds among high street operators facing pressures sparked by Brexit vote, which could lead to further job cuts and closures High street banks are preparing to set out how they will respond to the interest rate cuts likely to be sparked by the Brexit vote, amid expectations it could pressure ...
Jill Treanor / Guardian   |   Sun, 24 Jul 2016 15:43:24

G-20 to use 'all policy tools' to boost growth

Brexit impact dominates the G-20 discussions in China, with policymakers focusing on lifting weak global growth. The G-20 also acknowledges that benefits of growth need to be better shared
Hurriyet   |   Sun, 24 Jul 2016 15:11:00

Top Dow Earnings for the Week Ahead

Overall, one-third of the Dow Jones Industrial Average is reporting this week, and this has the potential to sustain the run that the Dow has made since the Brexit vote. AAPL BA CAT CVX DD KO MCD MRK VZ XOM 247chrislange
24/7 Wall St.   |   Sun, 24 Jul 2016 14:50:51

FTAs easier said than done

The Britons who pushed for Brexit misled voters by telling them that free trade was an easy and speedy option. The post FTAs easier said than done appeared first on The Japan Times .
Hugh Cortazzi / Japan Times   |   Sun, 24 Jul 2016 09:21:37

Padoan rejects need for Italy banks bail-in

Italian denial of 'systemic' banking problem on sidelines of G20 where finance ministers unite over Brexit
FT   |   Sun, 24 Jul 2016 08:37:13

Could NATO unravel?

Last month it was Brexit, but could NATO be facing Amerixit or even Turkxit?
CNN   |   Sun, 24 Jul 2016 08:36:48

Ross Douthat's Rich Person "Free Trade" Says Much About Support for Trump/Brexit

Ross Douthat inadvertently told readers much about why large segments of the public in the U.S., U.K., and Western Europe are rejecting the policies pushed by elites. In his NYT column he complained about Donald Trump's acceptance speech (which provided much ground for complaint): "That message was a long attack, ...
CEPR   |   Sun, 24 Jul 2016 05:13:57

How does England's North West view Brexit?

One month on from the Brexit vote, how divided is Britain? Newsnight's Katie Razzall assesses the mood across the North West of England.
BBC   |   Sat, 23 Jul 2016 23:29:32

Hate crime: Prosecutors told to seek tougher sentences

Prosecutors will be urged to seek tougher sentences for people committing hate crimes, following a rise in incidents in the wake of the Brexit vote in the EU referendum.
BBC   |   Sat, 23 Jul 2016 23:07:24

UK profit warnings rise to crisis highs amid Brexit uncertainty

Telegraph   |   Sat, 23 Jul 2016 23:01:00

G-20 Fears Brexit Blowback if Breaking Up Is Hard to Do

Agence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesAgence France-Presse/Getty ImagesG-20 Finance Ministers Fear Brexit Blowback if Breaking Up Is Hard to Do Global finance chiefs meeting in China urged U.K. and ...
WSJ   |   Sat, 23 Jul 2016 22:54:52

"If You Can't Touch It, You Don't Own It"

Submitted by Jeff Thomas, Writer for Doug Casey's International Man and Strategic Wealth Preservation, via SprottMoney.com, 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 their clients the right ...
Zero Hedge   |   Sat, 23 Jul 2016 22:40:00

'Business as usual' as most Britons unconcerned by Brexit hit to their finances

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

American and Delta See Europe As Most Troubled Market Due To Brexit, High Capacity, Falling Fares

American, Delta and United Airlines all view trans-Atlantic travel as a potential trouble spot, despite strong demand, due to rising capacity and the impact of Brexit, both leading to lower fares.
Ted Reed, Contributor / Forbes   |   Sat, 23 Jul 2016 16:44:00

'Dividend' and Conquer: Dividend-Focused Index Investing Outperforms

Note: This article is courtesy of Iris.xyz By Nasdaq Global Information Services New Research Shows that Dividend-Focused Stocks Bring High Performance and Low Volatility As we've seen with the aftermath of the U.K.'s Brexit vote, one event can drive volatility in the markets quickly and significantly. Those who play the ...
ETF Trends   |   Sat, 23 Jul 2016 15:00:56

Cambridge's Silicon Fen shaken by the winds of change

The takeover of ARM by Japan's SoftBank has added to unease in Cambridge over the city's growing pains and the potential risks of Brexit The crown jewel of Britain's technology sector might be heading to Japan via a £24bn takeover but it seemed to be business as usual in ARM ...
Terry Macalister / Guardian   |   Sat, 23 Jul 2016 15:00:03

Big banks bullish on Brexit bounce back

When it came to the Brexit vote, Wall Street banks (and traders) assumed the worst. But they may have gotten it wrong.
CNBC   |   Sat, 23 Jul 2016 15:00:00

Daily Digest 7/23 - Retirement Dreams And Nightmares, Travel And The Zika Virus

Summer Travel And The Zika Virus Delayed, Denied, Dismissed: Failures on the FOIA Front UK economy suffered 'dramatic deterioration' after Brexit vote – Markit Retirement Dreams And Nightmares In China meeting, G20 has chance to soothe post-Brexit jitters Special K ads banned over health benefits claims Join the conversation ...
Chris Martenson   |   Sat, 23 Jul 2016 14:51:27

A hedge fund manager named his No. 1 short position, and it highlights why everyone is freaking out about Europe

Europe's banks have been having a tough time. Whether its the banking system in Italy, Portugal or the UK in the aftermath of Brexit, there's plenty to be concerned about. In an interview with Raoul Pal of Real Vision TV, Edward Misrahi, the founder and chief investment officer of RONIT ...
Matt Turner / Business Insider   |   Sat, 23 Jul 2016 13:58:02

Bill Morneau says Canadian economy to rebound this year

Canada's economy should rebound "over the course of the year" from the impact of the Fort McMurray, Alta., wildfire, Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China.
Reuters / CBC   |   Sat, 23 Jul 2016 12:20:58

10 Weekend Reads

The weekend is here! Pour yourself a mug of Major Dickson blend, grab a seat outside, and get ready for our longer form weekend reads • The Folly of Stock Market Forecasting (Alpha Architect) • Brexit Blues (London Review of Books) • My Investing Mentors (Irrelevant Investor) see also Investor's ...
The Big Picture   |   Sat, 23 Jul 2016 12:00:36

The UK politics podcast

Theresa May and Brexit, plus Jeremy Corbyn vs Owen Smith
FT   |   Sat, 23 Jul 2016 10:29:42

What's hot and what's not in fintech, according to a VC with $100 million to spend

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   |   Sat, 23 Jul 2016 10:27:00

This man has raised over £100,000 to take pro-Brexit politicians to court for 'lying' to the public

A crowdfunding project which wants to raise £100,000 ($131,184) to take politicians who campaigned for a Brexit to court has already raised well over that amount - and there are still 10 days left for people to donate. Marcus J Ball, the founder of the #BrexitJustice campaign, set up the ...
Adam Payne / Business Insider   |   Sat, 23 Jul 2016 10:15:00

Cameron's last ditch appeal to Merkel to limit EU migration on eve of Brexit vote

Press Association / Telegraph   |   Sat, 23 Jul 2016 09:45:23

Impact of Brexit dominates G20 meeting

US focuses on shared growth as China warns it cannot single-handedly rescue the global economy
FT   |   Sat, 23 Jul 2016 09:16:59

G7 wants to see Brexit talks start as soon possible - France

CHENGDU, China, July 23 (Reuters) - Top officials from the Group of Seven rich economies want to see negotiations over Britain's exit from the European Union start as soon as possible, French finance...
Reuters   |   Sat, 23 Jul 2016 08:57:54

What Philip Hammond Should Do To Cure Britain's Post-Brexit Economic Blues And Confidence Shortfall

That Britain seems to be going through a touch of the economic jitters immediately post-Brexit is true. The Markit PMI (a measure of how much businesses think they're going to buy in the immediate future, the purchases being to produce whatever it is that they make) is down in its ...
Tim Worstall, Contributor / Forbes   |   Sat, 23 Jul 2016 08:27:00

UK unprepared for Brexit, needs more time, but shouldn't be indefinite - Sapin

CHENGDU, China, July 23 (Reuters) - Britain was unprepared for the outcome of the referendum to leave the European Union and so should be given time to respond, but it should not take too long...
Reuters   |   Sat, 23 Jul 2016 07:13:15

Why your NHS surgeon could be a robot in the future

Day-to-day interactions between humans and machines may well become commonplace in hospitals within a decade Long waiting times, staff shortages, exorbitant agency fees, doctors' working hours: it's no secret that the NHS is facing a labour crisis. Post-Brexit it could very well get worse, with the NHS Confederation now warning ...
Oliver Balch / Guardian   |   Sat, 23 Jul 2016 07:00:33

Sadiq Khan bats away the financial industry's Brexit fears at a race with 15,000 bankers

The Mayor of London Sadiq Khan used his presence at a huge annual racing event for the capital's financial sector to say "London is open for business," despite the Brexit vote causing concern over future migration rules, thereby jobs, and the impact on professional services. At the J.P.Morgan Corporate Challenge ...
Lianna Brinded / Business Insider   |   Sat, 23 Jul 2016 07:00:00

Europe to tell G20 UK economy, banks are resilient despite Brexit

CHENGDU, China, July 23 (Reuters) - Britain's vote to leave the European Union may dampen global growth, but European fundamentals are strong and the British economy and banking sector are resilient,...
Reuters   |   Sat, 23 Jul 2016 06:54:05

TaxCast on Panama Papers and Brexit

The latest Tax Justice network podcast covers some hot topics, including key journalist accounts on the Panama Papers.
Yves Smith / Naked Capitalism   |   Sat, 23 Jul 2016 06:53:40

Brexit: Cameron considered last-ditch appeal to Merkel

David Cameron made a late appeal to the German chancellor for a statement granting free movement concessions if the UK voted Remain, BBC Newsnight learns.
BBC   |   Sat, 23 Jul 2016 06:03:16

IMF calls for more government spending as rate cuts lose their impact

Global growth remains weak and risks have risen after the Brexit vote, says IMF, as it calls for more infrastructure spending The International Monetary Fund has called on G20 nations to boost government spending as the impact of ultra-low interest rates begins to reach its limits in developed countries. Central ...
Reuters / Guardian   |   Sat, 23 Jul 2016 06:02:18

It's summer! Here's how to get the best deal for your travel money

After Brexit sent sterling diving, and with the school holidays starting, we look at what cards you should use abroad and where to get cash Twelve months ago, British holidaymakers were enjoying some of the best deals on their holiday money for many years. Sterling was riding high, with £1 ...
Patrick Collinson / Guardian   |   Sat, 23 Jul 2016 05:59:32

European Fund Managers Plan Their Own "Brexits"

European Hedge Fund Managers Plan Their Own "Brexits" Following the U.K.'s decision to leave the European Union, London-based funds are making plans to relocate.European Fund Managers Plan Their Own Michael Shari Following the U.K.'s decision to leave the European Union, London-based funds are making plans to relocate. Malta, anyone?
Barrons   |   Sat, 23 Jul 2016 04:41:14

Will Brexit Repeat Greece's Tragedy?

Shiping Tang Politics, Europe The world deserves a vote. Former U.S. Secretary of the Treasury John Connally once told a group of European finance ministers that "the dollar is our currency, but your problem." One June 23, the British people paraphrased Connolly almost too perfectly in their decision to leave ...
Shiping Tang / National Interest   |   Sat, 23 Jul 2016 03:40:00

Young UK voters and the EU: then and now

Since the successful Brexit vote on 23 June, there has been a great deal of (mostly rather disdainful) attention paid in some quarters to the demographic breakground of the support for Leave and Remain. Among aggrieved Remainers there has been a particular focus on the fact that - at least ...
Michael Reddell / Croaking Cassandra   |   Sat, 23 Jul 2016 03:30:36

Brexit front and center as G20 finance heads meet in China

By Tetsushi Kajimoto and David Lawder CHENGDU, China (Reuters) - Finance officials from the world's major economies start a two-day meeting in China on Saturday where they will confront challenges to global growth from Britain's decision to leave the European Union and consider deeper structural reforms. Worries over currency manipulation ...
Business Insider   |   Sat, 23 Jul 2016 02:08:17

Market Recap Jul 22, 2016

It was a slow and steady uphill climb Friday as the cool and calm rally continues. The S&P 500 popped 0.46% and the NASDAQ 0.52%. This is the fourth straight week of gains as the Brexit was clearly a devastating blow an overblown financial media event, as it related to ...
Stock Trading To Go   |   Fri, 22 Jul 2016 23:36:48

Brexit and the phenomenon of intra-European bigotry

To paraphrase Edward Said - "everyone who writes about eastern Europe must locate himself vis- -vis eastern Europe." 'Just because the stranger has become a neighbour does not mean we have to work any less hard to understand him well'[1] To paraphrase Edward Said - "everyone who writes about eastern ...
Ana Maria Dima / Open Democracy   |   Fri, 22 Jul 2016 22:23:06

Johnson expects City to keep passporting

New foreign secretary says Brexit can be 'fantastic thing' for UK finance
FT   |   Fri, 22 Jul 2016 21:42:23

UK Mutual Funds Teach A Lesson - If You Can't Touch It, You Don't Own It

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

Johnson expects City to keep passporting

New foreign secretary says Brexit can be 'fantastic thing' for UK finance
FT   |   Fri, 22 Jul 2016 21:20:07

Coming home?

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

Jitters in London luxury flat market as investors sell for 'bargain' prices

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 headed toward first close under 1.1000 since early March

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

Elite crew to steer City through Brexit

Impressive roster of senior financiers to co-ordinate contact with ministers
FT   |   Thu, 21 Jul 2016 23:10:31

What to watch for at the ECB meeting

Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT   |   Thu, 21 Jul 2016 04:32:10

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

Brexit News Archive: 24 Jul 2016     |     enquire