Brexit News Archive: 30 Jul 2016

Seven Salient Left Tail Scenarios

Seven Salient Left Tail Scenarios by Jamil Baz, PIMCO In the wake of Brexit, eight years after the onset of the great financial crisis, now seems an apt moment to reassess a few economic themes. At PIMCO we do not [...]
Value Walk   |   Sat, 30 Jul 2016 22:02:45

Most Shared Story of the Week

Guido's most shared story last week on social media was Friday's research-based compilation of all the countries where officials have indicated an interest in doing a trade deal with post-Brexit Britain. As well as the thousands of shares on Facebook and Twitter it was shared with readers of the Daily ...
Guy Fawkes' blog   |   Sat, 30 Jul 2016 18:40:30

One-Edged Sword

Things are seldom what they seem, Skim milk masquerades as cream; Highlows pass as patent leathers; Jackdaws strut in peacock's feathers. - H.M.S. Pinafore It turns out the Brexit was just about the worst thing that could have happened to the bears. On the night it happened, I was ecstatic. ...
Tim Knight   |   Sat, 30 Jul 2016 13:41:58

The UK politics podcast

Brexit abroad and Hinkley Point
FT   |   Sat, 30 Jul 2016 08:30:51

Saturday Seven Up

This recess week 219,236 visitors visited 622,330 times viewing 987,393 pages. The top stories in order of popularity were: Sarah Champion Unresigns From Labour Frontbench Kinnock 'Hid Daughter's £29,000-a-Year Private School' During Selection McDonnell Looks Down the Camera Juncker Appoints Hardline Britain Basher as EU Brexit Negotiator Empty Seats at ...
Guy Fawkes' blog   |   Sat, 30 Jul 2016 06:03:19

Reuters Poll: Equity Holdings Hit Five-Year Low Despite Market Surge

Global investors sold equities in July and raised bond allocations after Britain's vote to leave the European Union, according to the first Reuters survey of global institutional fund managers to fully reflect concrete reactions to the Brexit. read more
FINalternatives   |   Sat, 30 Jul 2016 00:36:57

Allen and Overy Adds Five-Partner Leveraged Finance Team

Allen & Overy has recruited a five-person large-cap leveraged finance team from three separate law firms, as expectations of rising interest rates and continued fallout of the Brexit drive activity in the sector. read more
FINalternatives   |   Fri, 29 Jul 2016 23:11:55

Dog days could bite market in August

The Brexit bounce back that lifted stocks in July is unlikely to carry into August, and markets will be tested early on.
CNBC   |   Fri, 29 Jul 2016 22:00:00

Carlyle Promotes Sandra Horbach To Co-Lead U.S. Buyout Team

Carlyle Promotes Sandra Horbach To Co-Lead U.S. Buyout Team by Adam Putz, PitchBook This week, Hillary Clinton became the first woman in American history to serve as presidential nominee of a major political party. In the U.K., Brexit resulted in [...]
Value Walk   |   Fri, 29 Jul 2016 21:24:45

Michel Barnier: Fighting Brussels' corner

Brexit negotiator defies the UK view of him as a panto villain, write Alex Barker and Jim Brunsden
FT   |   Fri, 29 Jul 2016 18:47:47

Week Ahead Central Bank Stimulus in Focus

The BoJ disappointed with no QE change and now the market awaits the BoE's monetary policy response to Brexit The U.S. Federal Reserve and the Bank of Japan (BOJ) showed the two sides of central bank action this week. The Fed's Federal Open Market Committee (FOMC) ended with no change ...
OANDA   |   Fri, 29 Jul 2016 18:21:33

Why a second independence referendum is not inevitable in Scotland

In the complexity of post-Brexit Britain, a second independence referendum in Scotland isn't the dead-cert some think. image: Yes Scotland The consensus is that a second independence referendum is now inevitable. The SNP assertion in its 2016 manifesto of the Scottish parliament's right to hold a referendum "if there is ...
Open Democracy   |   Fri, 29 Jul 2016 17:37:37

Is Brexit Really So Bad For European Stocks?

The immediate aftermath of Britain's vote to leave the EU was severe, but the long term effects may be muted, says Edward Dempsey, chief investment officer at Pension Partners. He talks with Forbes contributor Simon Constable.
Simon Constable, Contributor / Forbes   |   Fri, 29 Jul 2016 17:03:00

Is Brexit Bad News for European Stocks?

The immediate aftermath of Britain's vote to leave the EU was severe, but the long term effects may be muted, says Edward Dempsey, chief investment officer at Pension Partners. He talks with Forbes contributor Simon Constable.
Simon Constable, Contributor / Forbes   |   Fri, 29 Jul 2016 16:13:01

WSJ City's Brexit Briefing: Challenging London's Derivatives Crown, No Relief on Regulation, How the Stress Tests Work

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   |   Fri, 29 Jul 2016 16:06:46

JPMorgan changes tune on Dow

JPMorgan upgraded Dow Chemical to outperform, as global demand for the chemical company looked better than expected post-Brexit.
CNBC   |   Fri, 29 Jul 2016 15:59:00

Oil just made a huge move, and nobody noticed

The markets have been preoccupied with a flurry of political headlines over the past few months such as Brexit and the US presidential election. But in the background of all this, there has been a stealth slump in crude oil prices. Both front-month WTI crude and Brent crude prices have ...
Elena Holodny / Money Game   |   Fri, 29 Jul 2016 15:32:00

In Derivatives Trading, London Is King

Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsJason Alden/Bloomberg NewsIn Derivatives Trading, London Is King The Brexit vote has raised questions about London's position as the world's financial-services capital. A close look ...
WSJ   |   Fri, 29 Jul 2016 15:22:11

Bank of England prepares to tackle Brexit hit

By William Schomberg LONDON (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem. After the Bank of Japan (BoJ) on ...
Business Insider   |   Fri, 29 Jul 2016 15:02:50

GLOBAL ECONOMY WEEKAHEAD-Bank of England prepares to tackle Brexit hit

LONDON, July 29 (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much...
Reuters   |   Fri, 29 Jul 2016 15:01:34

INVESTMENT FOCUS-Pound calms before first UK/US rate flip in 10 years

LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within ...
CNBC   |   Fri, 29 Jul 2016 14:56:00

Oil's in a bear market

The markets have been preoccupied with a flurry of political headlines over the past few months such as Brexit and the US presidential election. But in the background of all this, there has been a stealth slump in crude oil prices. Both front-month WTI crude and Brent crude prices have ...
Elena Holodny / Business Insider   |   Fri, 29 Jul 2016 14:32:00

Iran's global banking problems deepen with rise of Trump, Brexit

By Jonathan Saul and Parisa Hafezi LONDON/ANKARA (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralyzed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign ...
Business Insider   |   Fri, 29 Jul 2016 14:28:52

U.S. Consumer Sentiment Falls in July

A gauge of U.S. consumer sentiment dropped in July, as Americans continued to cite concerns over the economic fallout from the United Kingdom's Brexit vote.
WSJ   |   Fri, 29 Jul 2016 14:27:08

Hinkley Point: Another Brexit silver lining

For those looking for some silver lining from the Brexit outcome, there is the good news of the abolition of the Department for Energy and Climate Change and its reabsorption into the Business Department, followed by the announcement of a review of the proposed new nuclear power station at Hinkley ...
robert / John Kay   |   Fri, 29 Jul 2016 14:24:11

Little Sign of Post-Brexit Recovery at IAG

U.K. flag carrier British Airways is probably a less useful bellwether for recovery than budget airlines Ryanair and easyJet.
WSJ   |   Fri, 29 Jul 2016 14:16:35

INSIGHT-Iran's global banking problems deepen with rise of Trump, Brexit

LONDON/ANKARA, July 29 (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already...
Reuters   |   Fri, 29 Jul 2016 14:11:56

Brussels Briefing: IMF's Athens Hangover

By Arthur Beesley in London Europe is transfixed these days by Brexit, terrorism, migrants and the populist advance. But the riddle of Greece remains. A damning new report by the IMF's in-house inspectorate finds fault on several grounds with the fund's approach to the country. This is backwards-looking exercise, which ...
Jim Brunsden / FT Brussels Blog   |   Fri, 29 Jul 2016 14:05:14

UK money trends strong pre-Brexit vote

There is no negative message for UK economic prospects in June monetary data. Narrow money, broad money and bank lending all grew solidly on the month, maintaining recent upbeat trends. The suggestion is that the economy was on course to expand strongly before the Brexit vote shock, offering hope that ...
Simon Ward / Money Moves Markets   |   Fri, 29 Jul 2016 13:53:30

Hedge Funds Turn Bullish On European Stocks

According to Morgan Stanley's July 28 Hedge Fund Positioning Update, hedge funds are getting bullish on equities outside the United States as Brexit fears subside and markets rally. According to the prime brokerage report, which is based on aggregated information [...]
Rupert Hargreaves / Value Walk   |   Fri, 29 Jul 2016 13:50:35

Consumer confidence rose less than expected

Consumer confidence rose less than expected. The University of Michigan's final consumer sentiment index for July came in at 90.0. Economists were expecting the final index to rise slightly to 90.2 in July, according to the Bloomberg consensus. Brexit was mentioned by a record number of households with incomes in ...
Money Game   |   Fri, 29 Jul 2016 13:44:00

Foxtons profits down sharply as London property market cools

Estate agent's pre-tax profit fell to £10.5m in the first six months of year from £18.1m a year earlier, with Brexit uncertainty blamed Profits at Foxtons fell by 42% in the first six months of the year as uncertainty and confusion caused by the EU referendum led to a slump ...
Julia Kollewe / Guardian   |   Fri, 29 Jul 2016 13:43:18

"The majority of Hungarians are apathetic, indifferent, and devoid of hope." An interview with Gaspár M. Tamás

Jaroslav Fiala speaks to Gaspár M. Tamás about the brutality of capitalism, Orbán's Hungary, and the failure of the European system. Gaspar Tamas. PD. Recently, Europe has been experiencing dangerous times: the crisis of the Eurozone, terrorist attacks, the rise of the far right, Brexit, and so on. Is liberal ...
Open Democracy   |   Fri, 29 Jul 2016 13:17:49

Independence Day for the BBC?

In an uncertain 'Brexit Britain', we must ensure that the BBC remains a public broadcaster, as free as possible from state interference. Dominic Lipinski / PA Wire/Press Association Images. All rights reserved. Brexit is actually far worse news for those commercial rivals than it is for the apparently beleaguered Corporation. ...
Open Democracy   |   Fri, 29 Jul 2016 13:14:41

Foxtons warns London property downturn to last all year

Foxtons Group PLC (LON:FOXT) warned that the downturn in London's housing market could last for at least the rest of 2016. Brexit uncertainty had hit London property sales hard, sloughing 42% off the estate agent's half-yearly profits. Pre-tax profit fell to £10.5mln in the first six months, from £18.1mln the ...
Proactive Investors   |   Fri, 29 Jul 2016 12:49:00

Shock in eastern Europe

Some states fear that Brexit may leave much of the ex-communist half of Europe in the cold
FT   |   Fri, 29 Jul 2016 12:21:13

ASEAN and the Brexit shock

Author: Ponciano Intal Jr., ERIA The European Union and ASEAN have very different models of economic integration. Yet ASEAN and its members worry about what Britain's exit from the European Union may mean for the future of ASEAN. Brexit provides a powerful motivation to get the ASEAN Economic Community (AEC) ...
Ponciano Intal / East Asia Forum   |   Fri, 29 Jul 2016 12:00:45

Welsh football, Brexit and the future of British national identity

Wales' performance in the European Cup helped build a cross-racial national identity. But more must be done if everyone from Wales is to feel accepted as Welsh. Image: FA Wales, fair use. The achievements of the Welsh national football team in the Euro 2016 tournament in France this summer have ...
Geraint Rhys / Open Democracy   |   Fri, 29 Jul 2016 12:00:00

A bright future awaits Britain post-Brexit in the Commonwealth markets

Lord Howell / Telegraph   |   Fri, 29 Jul 2016 11:28:21

Euro zone economic growth slows in quarter before Brexit

By Francesco Guarascio BRUSSELS (Reuters) - Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. Gross domestic product (GDP) in ...
Business Insider   |   Fri, 29 Jul 2016 11:27:02

UPDATE 1-Euro zone economic growth slows in quarter before Brexit

* Economists see possible further slowdown of euro zone growth
Reuters   |   Fri, 29 Jul 2016 11:19:34

Global funds cut share holdings to five-year lows as Brexit bites

By Claire Milhench LONDON (Reuters) - Global investors dumped equities in July and raised bond allocations after Britain's vote to leave the European Union and subsequent signs of damage to economic growth prompted a dash toward fixed income. The Reuters monthly poll of 44 fund managers and chief investment officers ...
Business Insider   |   Fri, 29 Jul 2016 11:06:00

World Policy On Air, Ep. 78: The West's Democratic Distemper

Lede: Much of the Western world is experiencing a right-wing resurgence, from Donald Trump's popularity in the U.S. to Brexit in the U.K. and angry Euroscepticism across the continent. On today's episode of World Policy On Air, Michael Genovese of Loyola Marymount University explores social divisions and the roots of ...
World Policy   |   Fri, 29 Jul 2016 10:50:11

Brexit Hits Consumer Confidence In UK - But How Long Will It Last?

As with when we looked at the Markit PMI numbers last week Brexit seems to be hitting economic confidence quite badly. And yes, we do have to take economic confidence seriously for as Keynes pointed out the future of the economy does indeed depend, in part, on those "animal spirits". ...
Tim Worstall, Contributor / Forbes   |   Fri, 29 Jul 2016 09:52:00

British Airways owner IAG lowers profits forecast on Brexit and terror

IAG has scaled back expansion plans for the next six months British Airways owner IAG has reported disappointing profits and lowered its full-year forecast, blaming terror attacks, the Brexit vote and strikes for a downturn in travel. International Airlines Group, which also owns Iberia, Vueling and Aer Lingus, had forecast ...
Julia Kollewe / Guardian   |   Fri, 29 Jul 2016 09:12:02

Brexit: London needs special role, says Mayor

London needs to have a special role in negotiations over the U.K.'s exit from the European Union, Sadiq Khan, Mayor of London, told CNBC Friday.
CNBC   |   Fri, 29 Jul 2016 09:03:00

Ireland plans for 'soft border' with U.K. after Brexit

Ireland is planning a system of electronic border surveillance that it hopes will prevent it having to erect physical barriers with Northern Ireland when Britain leaves the European Union, its customs service said on Thursday. The unexpected result of the June 23 referendum in which U.K. citizens voted to leave ...
Japan Times   |   Fri, 29 Jul 2016 08:50:37

Foxtons estate agency profits tumble amid Brexit vote

High-profile London estate agency Foxtons has announced a 42% fall in profits, blaming uncertainty around the EU referendum for the fall.
BBC   |   Fri, 29 Jul 2016 08:28:38

Post-Brexit, London's Financial Center Has English Law on Its Side

ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ   |   Fri, 29 Jul 2016 03:16:25

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

Op-Ed Columnist: In Paris With Boris, Donald and Lemon Tarts

Going it alone, with Brexit and Oscar Wilde as my muses.
MAUREEN DOWD / NY Times   |   Sat, 2 Jul 2016 18:30:01

The list of surprises goes on

Brexit winsIceland winsWales winsNovak losesThe GOP convention this month could be more interesting than most editions.
IKN   |   Sat, 2 Jul 2016 16:09:00

Give An Algo A Chance

Few human traders expected the Brexit rebound. Four short-term mean reversion algos profited between 1.6% and 3.9% from the rally. When the signal-to-noise ratio in the financial media is very low, give an algo a chance. The S&P 500 fell ... Continue reading → Give An Algo A Chance was ...
Price Action Lab   |   Sat, 2 Jul 2016 16:04:19

How the failure of two political parties helped lead to Brexit and the rise of Donald Trump

The UK's recent vote to leave the European Union has been seen by many commentators as mirroring the rise in popularity of Donald Trump on the other side of the Atlantic. Chris Barker writes that the popularity of Trump and Brexit can be traced at least in part to a ...
USAPP   |   Sat, 2 Jul 2016 15:44:20

Current Links

**Most-Recent Must-Reads:** * **Laurence Silberman**: [West Virginia Sues Federal Government for Trusting West * **Brainwrap**: [West Virginia Sues Federal Government for Trusting West * **James Pethokoukis**: [The Magical Thinking of America's Pro-Brexit **Most-Recent Links:** * **Raghuram G. Rajan** (2005): [Has Financial Development Made the World *...
Grasping Reality   |   Sat, 2 Jul 2016 14:53:29

Currency depreciation doesn't offset tariffs

One of my few remaining thoughtful commenters (ChrisA) left the following comment: On the UK exports being affected by tariff's after Brexit - couldn't that be taken care of by a fall in the pound vs the Euro? I don't actually think a tariff war between the UK and the ...
Money Illusion   |   Sat, 2 Jul 2016 14:48:18

7 Analyst Stock Picks Under $10 With Massive Upside Calls

The week of July 1 was a wild and zany week. After post-Brexit selling, investors decided to step back in buy stocks on the cheap. Many sectors rose if they were defensive or if they were... AGI AUO AUY NOK Administrator
24/7 Wall St.   |   Sat, 2 Jul 2016 14:01:46

The Universal Basic Share

Universal basic income, or UBI for those acronymically minded, is in the news these days, along with other brilliant post-modern inventions such as Brexit or Trump. Unlike these other luminaries, though, UBI is a genuinely cool idea: give everyone a basic amount to spend, and let them do what they ...
Debraj Ray   |   Sat, 2 Jul 2016 13:54:00

Scoring a retirement touchdown

It's scary for investors of all ages when the market swoons. Here's how to stay the course.
CNBC   |   Sat, 2 Jul 2016 13:00:00

College Educated Get All Post-Recession Jobs -- Even Low-Pay Ones

People with college educations have snapped up 99% of post-recession job growth. What happens to everyone else can be seen in votes for Brexit and Trump.
Erik Sherman, Contributor / Forbes   |   Sat, 2 Jul 2016 11:59:00

Muscat in league with Farage - Busuttil

Joseph Muscat's use of the word eurorealist puts him in the same league as British eurosceptic Nigel Farage, according to the Opposition leader. Simon Busuttil took the Prime Minister to task over his reaction to the Brexit vote in the UK, describing it as confusing. "While he says exiting the ...
Kurt Sansone / Times of Malta   |   Sat, 2 Jul 2016 10:50:00

From Brexit to Trump: Why mobilising anger in a constructive way is now one of the key challenges in modern politics

The UK's decision to leave the European Union has generated an intense political reaction, but arguably just as important is the emotional reaction from supporters on both sides of the debate. Sonja Avlijaš discusses the role that anger has played in the EU referendum and other political issues across the ...
USAPP   |   Sat, 2 Jul 2016 10:00:25

Links for 07-02-16

Why Are Voters Ignoring Experts? - Jean Pisani-Ferry Brexit Post-Mortem - Macro and Other Market Musings Economists, Brexit and the Media: Epilogue - mainly macro The economic risks of an outbreak of Brexit-style votes - Kenneth Rogoff How a Quest...
Economist's View   |   Sat, 2 Jul 2016 07:06:00

Answer This!

By Chris at 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 think are some of the most important ones. A lot of questions were related to ...
Zero Hedge   |   Sat, 2 Jul 2016 06:15:05

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

Here Is The City   |   Sat, 2 Jul 2016 05:32:31

Small-Cap Pro Favors Ted Baker, Fevertree Drinks

U.K. Small-Cap Pro Favors Ted Baker, Fevertree Drinks Harry Nimmo, manager of Standard Life Investments' UK Smaller Companies fund, expects global small-caps to weather the Brexit storm. Small-Cap Pro Favors Ted Baker, Fevertree DrinksBy Bill Alpert Standard Life Investments' Harry Nimmo expects small-caps to weather the Brexit storm.
Barrons   |   Sat, 2 Jul 2016 05:27:13

Ryanair, GlaxoSmithKline, SAP Look Like Bargains

Plenty of European stocks were unfairly marked down in the post-Brexit selloff. Time to start shopping.
Barrons   |   Sat, 2 Jul 2016 05:09:25

Bessemer's Case For U.S. Equities

Bessemer's Case For U.S. Equities CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.Bessemer's Case For U.S. EquitiesBy Sonia Talati CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.
Barrons   |   Sat, 2 Jul 2016 04:29:30

Diageo and Royal Dutch Shell Look Cheap

Post-Brexit, Diageo and Royal Dutch Shell Look Cheap Stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager. Diageo and Royal Dutch Shell Look CheapBy Digby Larner Post-Brexit, stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager.
Barrons   |   Sat, 2 Jul 2016 04:29:05

U.S. Shoppers Soldier On

U.S. Shoppers Soldier On Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets seem to have settled into sogginess.U.S. Shoppers Soldier OnEdited by Paul Farrell Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets ...
Barrons   |   Sat, 2 Jul 2016 04:27:30

Observations: The QandO Podcast for 1 Jul 16

Snobs think they should dictate your opinions, Bill Clinton is Hillary's best frenemy, Brexit doesn't become a financial disaster, Germany makes some waves, European languages are dumb. This week's podcast is up on the Podcast page.
Questions and Observations   |   Sat, 2 Jul 2016 04:12:16

Tory leadership: Iain Duncan Smith backs Andrea Leadsom

Former Conservative leader Iain Duncan Smith backs Andrea Leadsom to be the UK's next PM, as she argues that the job must go to a Brexit supporter.
BBC   |   Sat, 2 Jul 2016 02:13:17

Markets rise as central banks look at further easing

Markets rose on Friday to continue their post-Brexit rebound. The S&P 500 rose 0.2 percent, the STOXX Europe 600 rose 0.7 percent, the FTSE 100 jumped 1.1 percent and the Shanghai Composite Index crept up 0.1 percent. Commodities rose, with silver surging as much as 6.3 percent and West Texas ...
Skeptical Speculator   |   Sat, 2 Jul 2016 01:46:00

Loeb's Third Point Up 1% in June; AQR, Horseman, Renaissance Gain On Turmoil

While the alternative investment industry holds its collective breath regarding the full impact of last week's Brexit-related volatility on June hedge fund returns, managers that came through it profitably continue to come forward. read more
FINalternatives   |   Sat, 2 Jul 2016 01:33:51

Brexit: The immigrants who voted Leave

Many would assume that those who had migrated to the UK would support others being able to do so. It's not as simple as that.
BBC   |   Fri, 1 Jul 2016 23:49:58

Brit vote may eat into entrepreneurs' bottom lines

Brexit looks like a harbinger of even greater global economic retrenchment.
USA Today   |   Fri, 1 Jul 2016 23:18:50

Cramer: Miss the bottom? How to play it

Jim Cramer shared a Fourth of July stock insight that could prove profitable.
CNBC   |   Fri, 1 Jul 2016 22:58:00

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

U.K. Elite Lose Shot at Prime Minister Job

Among the early casualties on the Brexit political playing field lie the alumni of Britain's elite schools.
WSJ   |   Fri, 1 Jul 2016 21:39:07

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

"Why Are Voters Ignoring Experts?"

That is the question Jean Pisani-Ferry asks at Project Syndicate. In the wake of the Brexit vote there is a veritable chorus of experts and economists asking the same question. One explanation I don't expect to see very often is that the supposed experts systematically ignore their own critical literature. ...
Angry Bear   |   Fri, 1 Jul 2016 20:02:41

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

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

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 days following the Brexit vote, the index of Britain's top 100 companies regained all ...
Nick Fletcher / Guardian   |   Fri, 1 Jul 2016 18:10:07

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 economic risks of Brexit contagion

Poll may trigger a cycle of low growth and populist policies in the west, writes Kenneth Rogoff
FT   |   Fri, 1 Jul 2016 16:55:39

Fed's Stanley Fischer Says Brexit Implications Still Being Evaluated

Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data.
WSJ   |   Fri, 1 Jul 2016 15:32:43

The Macroeconomics of Brexit: Motivated Reasoning?

Sloppy thinking is always a vice.
Paul Krugman / Paul Krugman - Blog   |   Thu, 30 Jun 2016 21:04:06

Brexit talks will be stunningly complex. Who will provide the statesmanship we need?

Tony Blair / Telegraph   |   Thu, 30 Jun 2016 21:00:00

Some Traders See Emerging Markets Coming Back

A week after the U.K. vote to leave the European Union sparked a global market rout, some investors are already betting that emerging markets are on their way back.
WSJ   |   Thu, 30 Jun 2016 20:19:52

Brexit has demolished George Osborne's deficit plan. The next PM will need one of their own

Jeremy Warner / Telegraph   |   Thu, 30 Jun 2016 19:29:19

Brexit and the Idea of European Disintegration

Britain has voted to leave the European Union (EU), or more accurately, England has voted to leave. The majority in Scotland, Northern Ireland and Gibraltar voted to remain. The opinion polls, the bookies and the markets did not predict this outcome. The mood of the nation, it would seem, is ...
Aidan Regan / Irish Economy   |   Thu, 30 Jun 2016 19:26:53

Italy rescues bank after EU plea snubbed

Germany turns down Renzi's request to ease rules during Brexit turmoil
FT   |   Thu, 30 Jun 2016 15:48:23

UK looks China and India after Brexit

Prime minister calls business leaders to Number 10
FT   |   Thu, 30 Jun 2016 11:27:07

The Real Lesson From Brexit

Luigi Zingales at ProMarket: The Real Lesson From Brexit: ...What we have observed in Britain and ... in the U.S. with Trump is a growing mistrust of voters toward experts. In the Brexit debate it was hard to find any...
Mark Thoma / Economist's View   |   Wed, 29 Jun 2016 18:57:44

Brexit News Archive: 30 Jul 2016     |     enquire