Brexit News Archive: 08 Aug 2016

Hedge funds pose gains for fifth consecutive month: HFR

Hedge funds posted gains for the fifth consecutive month in July, the longest positive streak since 2013, driven by Equity Hedge and Event-Driven strategies, as equity and credit markets recovered Brexit losses. The HFRI Fund Weighted Composite Index (FWC) advanced 1.7% for the month, increasing the Index Value to 12,644.12 ...
FINalternatives   |   Mon, 8 Aug 2016 20:28:19

Procrastinating on August 8, 2016

**Over at [Equitable Must-Reads:** * **Kevin O'Rourke**: _[Brexit Backlash Has Been a Long Time Coming][]_ * **Paul Krugman**: _[No Right Turn][]_ * **Noam N. Levey**: _[In Louisiana, Rush to Sign Up for ObamaCare Highlights a 'Long Overdue' Demand for Health Insurance][]_ * _[Economics Profession Doubling Down][]_ [Economics Profession...
Grasping Reality   |   Mon, 8 Aug 2016 20:19:56

Gold Daily and Silver Weekly Charts - Marking Time In a Dollar World

It certainly seems as though some entities with real clout have had the markets in a virtual lockdown since Brexit. Gold and silver continue chopping sideways in a relatively tight range, with exceptions for the usual shenanigans, and stocks have been trading in less than 1% moves daily. The 'deliveries' ...
Jesse's Café Américain   |   Mon, 8 Aug 2016 20:15:00

SP 500 and NDX Futures Daily Charts - Sleepy Summer Days

Stocks were sleep-walking once again, with the VIX volatility index moving lower. It has been quite some time since stocks saw a greater than 1% daily move, not since Brexit I think. Earnings continue rolling in, and we will be getting a new macroeconomic numbers this week as noted in ...
Jesse's Café Américain   |   Mon, 8 Aug 2016 20:10:00

No 10 to press on with national living wage despite lobbyist pressure

Sixteen trade bodies write to Theresa May asking her to reconsider policy in light of expected post-Brexit economic slowdown Downing Street has dismissed pressure to slow the implementation of the national living wage in the face of lobbying from businesses concerned about rising salary bills. The policy, which is expected ...
Heather Stewart / Guardian   |   Mon, 8 Aug 2016 17:47:14

Brexitwatch: How is the UK doing?

The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC   |   Mon, 8 Aug 2016 13:20:46

Current LInks

**Most-Recent Must-Reads:** * **Kevin O'Rourke**: _[Brexit Backlash Has Been a Long Time Coming][]_ **Paul Krugman**: _[No Right Turn][]_ * **Noam N. Levey**: _[In Louisiana, Rush to Sign Up for ObamaCare Highlights a 'Long Overdue' Demand for Health Insurance][]_ * _[Economics Profession Doubling Down][]_ [Economics Profession Doubling Down]: [In...
Grasping Reality   |   Mon, 8 Aug 2016 12:03:27

Brexit was a crisis long in the making

The Brexit vote was the reaping of years of deepening inequality, sown by the neoliberal policy programmes of successive governments. Margaret Thatcher meets the president of the European Commission. Photo: / PA Wire/Press Association Images. All rights reservedWhat is surprising about the result of the referendum is that so many ...
Open Democracy   |   Mon, 8 Aug 2016 09:56:02

Monday Morning Memo: Property funds-the troublemaker of the fund industry?

After the "Brexit" vote in the United Kingdom, some of the most popular property funds have faced heavy outflows, since investors expected property prices to fall in the aftermath of
Alpha Now   |   Mon, 8 Aug 2016 09:02:38

Post-Referendum Consumer Spending Surge

Despite claims from Remainers that a Brexit vote would see consumer confidence plummet, new figures out today show spending has surged since the referendum. Just a few weeks ago Remain doom-mongers were writing about a "dent in confidence", how people were "gloomy" about their finances and wanted to "rein in ...
Guy Fawkes' blog   |   Mon, 8 Aug 2016 07:55:21

In the papers: Lloyds, Nike, Premier League

The Times Lloyds share sell-off to be ditched over Brexit fears: Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. Investors left ...
Proactive Investors   |   Mon, 8 Aug 2016 07:43:00

Links for 08-08-16

Growth and fairness aren't a trade-off - Larry Summers Prudential Macro Policy - Paul Krugman More Employment Graphs - Calculated Risk What Was to Be Gained? - Economic Principals On causes of Brexit - Stumbling and Mumbling Can we trust...
Economist's View   |   Mon, 8 Aug 2016 07:06:00

A divided nation

After the Brexit vote, economists and others who voted Remain are quite right to sayI told you so as the economic hit they expected comes to pass. The Brexit Bust needs to be labelled clearly, given the power the Leave side has over the means of communication. (Those behind that ...
Mainly Macro   |   Mon, 8 Aug 2016 07:05:00

Present your forehead barcode for reading now

British people should be given a "unique person number" to help the government keep track of the population following the vote for Brexit, according to a new report by a leading thinktank. The paper from Policy Exchange said people feel ... read more
Tim Worstall   |   Mon, 8 Aug 2016 06:45:16

Germany: Mild rebound of industrial production in June - ING

Carsten Brzeski, Chief Economist at ING, suggests that the German industrial production did not show any pre-Brexit weakness, increasing by 0.8% MoM i
Sandeep Kanihama / FX Street   |   Mon, 8 Aug 2016 06:31:36

LoopUp dials in for London IPO

Conference call software group will be one of first floats since Brexit vote
FT   |   Sun, 7 Aug 2016 23:03:14

You're the reason the stock market is hitting record highs

There is lots of negative news out there right now. From Brexit to China to oil to Turkey to the rise of populism, you'd think there are plenty of reasons for the stock market to fall back from record highs. Yet the market marches on, confounding hedge funds that are ...
Money Game   |   Sun, 7 Aug 2016 12:37:00

Why Are Elites Out of Touch? They Think Anyone Who Disagrees with Them Is Crazy

Nitzan David Foucks Society, Americas Disagreeing is not a psychological condition. The experts told us that Brexit will not happen. It cannot happen. The consequences will be too severe. The economic fallout too great to even imagine. Yet, the unthinkable became a reality: The people of Britain voted "Leave," against ...
National Interest   |   Sun, 7 Aug 2016 03:35:00

The future of real estate

As our market shifts into high-rise mode and Brexit poses key questions, Remax CEO Kevin Buttigieg sheds light on what we can expect the real estate sector to deliver in the years to come. Change is afoot. To begin with, the recent results of the Brexit referendum have posed questions ...
Times of Malta   |   Sat, 6 Aug 2016 22:00:13

You're the reason the stock market is hitting record highs

There is lots of negative news out there right now. From Brexit to China to oil to Turkey to the rise of populism, you'd think there are plenty of reasons for the stock market to fall back from record highs. Yet the market marches on, confounding hedge funds that are ...
Money Game   |   Sat, 6 Aug 2016 12:24:00

The BoE and those companies materially contributing to the UK

Mark Carney is still giving more details of today's policy actions (press conference here). But for now, if you're a company considering leaving Britain because of Brexit, perhaps take a good hard look at this from the August 2016 inflation report: Continue reading: The BoE and those companies materially contributing ...
Izabella Kaminska / FT Alphaville   |   Thu, 4 Aug 2016 11:50:28

Let young people move: why any post-Brexit migration deal must safeguard youth mobility

Restrictions on free movement are likely to be an important aspect of the UK's new relationship with EU countries post-Brexit. Richard Bronk argues that safeguarding youth mobility should be a major principle behind any immigration reforms. He explores the economic, political and social case for preserving it, before suggesting some ...
Blog Admin / British Politics and Policy at LSE   |   Tue, 2 Aug 2016 09:00:30

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

Brexit News Archive: 08 Aug 2016     |     enquire