FTSE directors turn net share sellers
Executives, who were active buyers after Brexit vote, take advantage of market rally
FT | Sun, 14 Aug 2016 14:17:00
Monetary policy 'only short-term balm for UK economy'
Bank of England's chief economist says it alone cannot insulate Britain from 'dust cloud' of doubt thown up by Brexit vote Monetary policy can only offer a "short-term balm" for the uncertainty facing Britain's economy following the vote to leave the EU, the Bank of England's chief economist said on ...
Reuters / Guardian | Sun, 14 Aug 2016 11:18:14
Consumer spending is key to avoiding a UK recession
This week's retail sales report from the ONS will show what's happened to high street spending since the Brexit vote We've had all the surveys. There have been forecasts and predictions by the score. Every thinktank, every City analyst, every international body has a view about whether the UK economy ...
Larry Elliott / Guardian | Sun, 14 Aug 2016 11:02:23
The Invisible Benefits of Free Trade
Before the Brexit, 28 countries joined the European Union since its inception in 1957, without a single country leaving. The story is similar if you look at the World Trade Organization (WTO), which has witnessed more than 160 countries unite, [...]
Value Walk | Sun, 14 Aug 2016 02:10:16
Some trainers are so cool the last thing you'd do is actually wear them
Canny 'sneakerheads' can now make a good living from online trading in top sportswear brands With Brexit jolting the financial markets and interest rates at a new historic low, you might be tempted to just keep your spare cash in a shoe box. But if you know your Adidas Gazelles ...
Zoe Wood / Guardian | Sat, 13 Aug 2016 15:00:10
The 16 countries with the biggest piles of gold
Gold is in the midst of something of a renaissance. With uncertainty about the future direction of the global economy, fears about what Britain's Brexit vote means for Europe, and serious geopolitical troubles worldwide, the asset that has been used as a haven for thousands of years is back in ...
Business Insider | Sat, 13 Aug 2016 09:16:00
Savers, it could be time to take a punt on the stock market
One analyst says it's the only game in town, post-Brexit vote and Bank of England interest rate cut Savings rates are collapsing and alternatives such as peer-to-peer lending will be regarded by many as too risky. So is it time for small investors to start buying shares in big-name companies, ...
Miles Brignall / Guardian | Sat, 13 Aug 2016 06:00:18
What is the Early Impact of Brexit?
It's been over a month since the U.K. voted to leave the European Union, and the Bank of England hasn't wasted any time trying to stimulate the economy. But just what has the impact of the Brexit vote been so far? Here's a run through of some of the recent ...
Giles Turner / MoneyBeat | Fri, 12 Aug 2016 12:25:14
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
FT column: Trump and Brexit feed off the same anger
By Gideon Rachman At the Democratic convention last week, I experienced an uncomfortable feeling of déj vu. Emblazoned across the arena was the rallying cry of the Hillary Clinton campaign - "Stronger Together". It was a depressing reminder of "Stronger In," the slogan of the losing Remain campaign in Britain's ...
FT The World | Mon, 1 Aug 2016 20:43:12
FidelityVoice: Economic Check-In: Stay Diversified
After the Brexit market sell-off at the end of June, the stock market indexes rallied to all-time highs, and yields sank to all-time lows as bond prices rose. What does this divergence mean? In her bimonthly check-in, Lisa Emsbo-Mattingly, Fidelity's director of asset allocation research, discusses Brexit implications, the latest ...
Fidelity Viewpoints Team, Fidelity / Forbes | Mon, 1 Aug 2016 18:32:00
Global PMI signals shift to higher gear at start of third quarter
Growth of worldwide factory activity edged higher for a second successive month in July to reach an eight-month high. The upturn provides a tentative indication that - despite the UK being hit hard in the immediate aftermath of the Brexit vote - global production may be starting to shift up ...
Markit | Mon, 1 Aug 2016 16:11:03
Trump and Brexit feed off the same anger
Britain's EU vote is a warning for Hillary Clinton not to be complacent
Gideon Rachman | Mon, 1 Aug 2016 15:50:33
Cellnex, Vodafone add to buoyant mood
Split-rated issuer Cellnex Telecom will print a €750m long seven-year euro benchmark trade from a €4bn book, the latest sign of how smoothly the corporate bond market has taken the Brexit vote in its stride.
IFR | Mon, 1 Aug 2016 15:20:00
Real estate: Property fund gatings revive memories of 2008
Brexit sparks investor flight; Private equity sees an opening
Euromoney | Mon, 1 Aug 2016 15:00:00
Following the flow of money
TTFS Portfolio Manager Charles Biderman and CNBC's Rick Santelli discuss the economy and jobs post-Brexit.
CNBC | Mon, 1 Aug 2016 14:44:00
Searching for the Next Catalyst for Gold ETFs
One of the biggest reasons investors have been flocking to gold exchange trade products, such as the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL), this year is the perception of elevated market volatility, but when post-Brexit volatility ebbed, lifting ...
ETF Trends | Mon, 1 Aug 2016 14:40:26
Brexit Fallout: Consumer Confidence Collapses
From GkF on Friday: GfK's long-running monthly Consumer Confidence Index dropped 11 points in July (since the June interviews conducted before the Referendum) from -1 to -12. The survey dates back to 1974 and July sees the sharpest month-by-month drop for more than 26 years (March 1990). This is also ...
Menzie Chinn / Econbrowser | Mon, 1 Aug 2016 13:58:26
Does UK industry have a case of the post-Brexit blues?
44% of UK workers are feeling downbeat over what the future will be like post-Brexit, a new CIPD survey shows.
CNBC | Mon, 1 Aug 2016 13:54:00
Why Europe needs new political vision after Brexit
The EU's post-Brexit show of unity, together with the result of the Spanish election, calmed fears that the EU or the eurozone would fall apart in short order The market reaction to the Brexit shock has been mild compared with two other recent episodes of global financial volatility: the summer ...
Nouriel Roubini / Guardian | Mon, 1 Aug 2016 13:53:34
1 million-plus more homeowners can benefit from refi post-Brexit
A drop in mortgage interest rates after the Brexit vote has borrowers rushing to the bank, some hoping to cash in.
CNBC | Mon, 1 Aug 2016 13:52:00
Part II: Are You Ready for Some Paranoid? Insights into Policy, Politics and COP21 Climate Goals
The global climate is not the only environment suffering from an abundance of hot air and inclemency. Consider the political/policy climate in the U.S., e.g., November elections, and abroad, e.g., Brexit, and the near-term impact of these socio-economic factors on national and international efforts to sufficiently slow the rate of ...
REN | Mon, 1 Aug 2016 13:51:00
Should the UK pull out of the EU customs union?
The UK Government appears divided on whether the United Kingdom should seek to remain within the European Union's customs union after Brexit. The United Kingdom is likely to want to leave the customs union, even it remains in the EU's single market. But the UK should try and keep to ...
Bruegel | Mon, 1 Aug 2016 13:21:48
Citigroup says no 'significant negative impact' from Brexit
(Reuters) - Citigroup Inc said on Monday it did not experience any "significant negative impact" on its results or client activity from Britain's vote to exit the European Union. Citi said in a regulatory filing that while market activity increased following the UK referendum, the bank expects the operating environment ...
Business Insider | Mon, 1 Aug 2016 13:01:59
Mark Carney and Brexit: A 'rock star' and a hard place
Fallout from the EU referendum is unlike any crisis the Bank of England governor has ever faced The post Mark Carney and Brexit: A 'rock star' and a hard place appeared first on Macleans.ca .
Chris Sorensen / Macleans | Mon, 1 Aug 2016 12:58:08
The Best And Worst Performing Assets In July And YTD
After a volatile end to June in the aftermath of the Brexit vote, markets in July bounced back from the initial post-Brexit fallout. As DB notes, the majority of equity markets in particular are either back to or above pre-Brexit levels with the sole exception to that still being European ...
Zero Hedge | Mon, 1 Aug 2016 12:37:27
July ETF Flows Show Investors Turned Risk-On
Many expected a post-Brexit environment would weigh on sentiment and push investors toward safer assets. However, exchange traded funds that track stocks and riskier assets continued to draw investors over July, with the S&P 500 and emerging market exposure among the standouts. The benchmark S&P 500 index reached a new ...
ETF Trends | Mon, 1 Aug 2016 12:25:36
Europe in Crisis: The Elections to Watch for Political Risk
Brexit. The largest influx of refugees since World War II. A spate of terrorist attacks. A populist insurgency. Another banking meltdown. The crises buffeting the European Union show no signs of letting up. The U.S., Europe's strongest ally, is embroiled in the most tumultuous election in living memory, Turkey is ...
OANDA | Mon, 1 Aug 2016 12:23:52
Brexit Hit U.K. Factories Harder Than Initially Estimated
U.K. manufacturing shrank more than initially forecast in July, suffering its biggest drop in more than three years. A Purchasing Managers' Index slumped to 48.2, below the one-off flash reading of 49.1, Markit Economics said Monday in London. The index has only fallen below the 50 mark - which separates ...
Craig Erlam / OANDA | Mon, 1 Aug 2016 12:20:40
For All The F**king Uncertainty, Why Is The Stock Market At All Time Highs?
Submitted by Michael Shedlock via MishTalk.com, Every day day of the another economist yaps about uncertainty. There's uncertainty over the US election, over Brexit, over interest rates, over the strength of the US economy, and over over global trade. Will the Bank of China devalue the yuan? Will the Bank ...
Zero Hedge | Mon, 1 Aug 2016 12:20:09
U.K. Manufacturing Activity Hurt by Brexit
British manufacturing activity tumbled to its lowest level since 2013 in the wake of the U.K.'s decision to exit the European Union, according to a closely watched survey.
WSJ | Mon, 1 Aug 2016 12:20:06
Nearly half a million EU nationals will be forced to leave Britain after Brexit, think tank warns
Laura Hughes / Telegraph | Mon, 1 Aug 2016 11:56:26
Guest post: What a UK macro-financial framework should look like as Brexit is negotiated
Peter Doyle, a former IMF staffer, advises the UK government not to delay rewriting the fiscal and macro-financial rules for the Brexit era... Continue reading: Guest post: What a UK macro-financial framework should look like as Brexit is negotiated
Guest writer / FT Alphaville | Mon, 1 Aug 2016 11:56:10
When will we know if the UK economy has been hit by Brexit? And what should we be looking out for?
Peter Spence / Telegraph | Mon, 1 Aug 2016 11:56:00
Dear Labour
The world has changed. Labour needs to change with it. Attlee, Truman and Stalin at the Potsdam conference: Labour must escape its 1945 myth. Image, public domain Dear Labour, B.B. (Before Brexit), I started writing constructively critical letters to other progressive parties; the Greens, the SNP and the Liberal Democrats. ...
Open Democracy | Mon, 1 Aug 2016 11:49:37
Are we living through another 1930s? | Paul Mason
As daunting events come thick and fast amid increasing public racism and xenophobia, the similarities with the buildup to the second world war are real, but we can take hope from a few key differences Things are happening with machine-gun rapidity: Brexit, the Turkish coup, Islamist massacres in France, the ...
Paul Mason / Guardian | Mon, 1 Aug 2016 11:39:45
Hopes that UK business would shake off Brexit vote now look fanciful
Worse-than-expected UK manufacturing data proves need for decisive policy action, starting with a Bank of England rate cut So much for the idea that the post-Brexit hit to UK manufacturing was a knee-jerk reaction to the referendum and that the mood would improve as time wore on. The final figures ...
Larry Elliott Economics editor / Guardian | Mon, 1 Aug 2016 11:36:03
Lloyds Q2 Results: Exceptionally Well-Positioned To Withstand Brexit Uncertainty
Seeking Alpha | Mon, 1 Aug 2016 11:33:22
U.K. and China regulators discuss framework for financial projects
Agreement to pave way for landmark financial services projects eases fears Britain could be a less attractive partner after Brexit
Michelle Price / Globe and Mail | Mon, 1 Aug 2016 11:32:22
How will Brexit affect the NHS? The English trusts that depend most on EU nurses
In one London NHS trust, one in five nurses are from the European Economic Area. Rachel Marangozov and Matthew Williams explain why some parts of the NHS have become increasingly dependent on the EU migrant workforce and look at the implications of Brexit on recruitment. With ongoing shortages and so ...
BPP Team / British Politics and Policy at LSE | Mon, 1 Aug 2016 11:30:24
Wealthy investors to reduce UK exposure following Brexit vote
69 per cent of high net worth individuals are now looking to 'rebalance and diversify' their investment portfolios in order to reduce their exposure to UK-based assets in the wake of the Brexit vote, a global poll reveals. When asked [...]
VW Staff / Value Walk | Mon, 1 Aug 2016 11:30:10
Brexit hits markets again
Rome, August 1 - Brexit fears hit Europe's stock markets on Monday after a reported fall in the confidence of British manufacturing managers. London was below parity, while Milan's FTSE Mib index shed 0.68%, Madrid lost 0.7% and Paris fell 0.44%. Frankfurt was 0.2% up. Bank stocks were hit hard, ...
Gazzetta Del Sud | Mon, 1 Aug 2016 11:20:00
Europe's stress tests fail to ease investors' bank sector worries
LONDON, Aug 1- The latest health check of leading European Union banks failed to end worries about profitability in the sector and the omission of risks such as the effect of negative interest rates and Brexit blunted its impact. They said major elements were missing, including the impact of negative ...
CNBC | Mon, 1 Aug 2016 11:07:00
Morning News: August 1, 2016
Eurozone Manufacturing Growth Slows After Brexit Vote Brazil's Plan for Deadbeat Taxpayers: Pawn Them Off to Investors Dollar Funding Costs Drop After BOJ Doubles Up [...]
Eddy Elfenbein | Mon, 1 Aug 2016 11:06:57
Black Knight June Mortgage Monitor: "Brexit' Effect Increases Refinanceable Population to 8.7 Million"
Black Knight Financial Services (BKFS) released their Mortgage Monitor report for June today. According to BKFS, 4.31% of mortgages were delinquent in June, down from 4.79% in June 2015. BKFS also reported that 1.10% of mortgages were in the foreclosure process, down from 1.56% a year ago.This gives a total ...
Bill McBride / Calculated Risk | Mon, 1 Aug 2016 11:01:00
What's left of the Brexit shock? - Commerzbank
Research Team at Commerzbank, suggests that many economists have sharply lowered their forecasts for Germany and the euro zone after the British vote
Sandeep Kanihama / FX Street | Mon, 1 Aug 2016 10:43:54
Hedge fund to expand in London despite Brexit
Anthony Scaramucci's Skybridge Capital is expanding to the UK even as the fund-of-hedge-funds firm faces headwinds in the US.
Here Is The City | Mon, 1 Aug 2016 10:27:33
Brexit vote demonstrated the power of the old
Seniors have a unique set of interests and understanding of economic trade-offs - all of which policymakers ignore at their peril. The post Brexit vote demonstrated the power of the old appeared first on The Japan Times .
Narayana Kocherlakota / Japan Times | Mon, 1 Aug 2016 10:06:44
With nearly half its food imported, who will feed Britain after 'Brexit'?
At the Borough Market here, the stalls showcase Spanish hams, French and Dutch cheeses, Croatian fig cakes, Italian truffles and other delicacies from across the European Union. The market recently was packed with tourists taking advantage of the British pound's slide against other currencies in...
Carla Power / Money & Company | Mon, 1 Aug 2016 10:00:00
The S&P 500 in Week 4 of July 2016
With the one month anniversary of the stock market's reaction to the Brexit vote event, the fourth week of July 2016 provided the first test of the latest method we're testing out to account for the echo effect that our standard model experiences due to its use of historic stock ...
Political Calculations | Mon, 1 Aug 2016 09:28:00
What's Behind The Post-Brexit Market Rebound?
The United Kingdom's vote to leave the European Union sent markets plunging around the world. Five weeks later, they've rebounded much faster than many people expected.
Frank Langfitt / NPR | Mon, 1 Aug 2016 09:04:00
The evidence is mounting that Britain is plunging toward a recession
Britain's manufacturers are suffering even more than expected in the immediate aftermath of the UK's vote to leave the European Union, according to the latest data released by Markit on Monday morning. Markit's growth data shows that Britain's factory's recorded activity of 48.2 in July, well below the 49.1 flash ...
Will Martin / Business Insider | Mon, 1 Aug 2016 08:42:02
For Some UKIP Lawmakers, Brexit Victory Is Bittersweet
For the politicians who style themselves the unyielding thorns in the side of the European Parliament, victory in the fight to take the U.K. out of the European Union has its downside.
Joseph Ataman / WSJ Brussels | Mon, 1 Aug 2016 08:38:02
Europe's manufacturers couldn't care less about Brexit
The eurozone's manufacturers are shrugging off fears about the impact of Britain's vote to leave the European Union, and are enjoying "steady growth" in the face of the vote, according to the latest PMI data released by Markit on Monday morning. Markit's manufacturing PMI for the eurozone was a marginal ...
Will Martin / Business Insider | Mon, 1 Aug 2016 08:20:56
Brexit fallout: Europe facing economic and political challenges - Goldman Sachs
Research Team at Goldman Sachs, suggests that a month ago, the UK electorate voted to leave the European Union and the resulting significant re-pricin
Sandeep Kanihama / FX Street | Mon, 1 Aug 2016 07:56:04
Dire UK manufacturing data hits Footsie
London shares headed into the red on Monday as dire manufacturing data highlighted the threat to the economy posed by 'Brexit'. The FTSE 100 Index lost hold of a 25-point gain to stand 17.5 points off at 6706.92 by lunchtime, while the FTSE 250 Index dropped 51 points, but small-cap ...
Proactive Investors | Mon, 1 Aug 2016 07:30:00
Brexit quest enters 'phoney war'
London and Brussels confront the complexity of divorce talks and the minefield of European elections
FT | Mon, 1 Aug 2016 07:15:04
FT Opening Quote: GSK and Alphabet to develop bioelectronics
GSK and Alphabet team up, a week of post-Brexit results and BOE expected to cut rates. FT Opening Quote , with commentary by City Editor Jonathan Guthrie , is your early Square Mile briefing. You can sign up for the full newsletter here. Continue reading: FT Opening Quote: GSK and ...
FT Alphaville | Mon, 1 Aug 2016 07:08:59
Links for 08-01-16
Time to ditch Rawls? - Branko Milanovic The Republican Bankruptcy Illusion - Simon Johnson Brexit Beckons: Thinking ahead by leading economists - VoxEU The Economic Outlook and Implications for Monetary Policy - William Dudley The Economic Consequences of Trump vs....
Economist's View | Mon, 1 Aug 2016 07:06:00
Brexit and the tragedy of Europe
Is the EU in danger of collapse following the UK's decision to leave? Miguel Angel Lara Otaola writes that Brexit represents a key challenge for Europe's post-war system of open markets, cooperation between nations, stability, and peace. He argues that both the UK and the rest of the EU will ...
Blog Admin / EUROPP | Mon, 1 Aug 2016 06:30:40
Papers: "Business as usual" for UKTV
It's "business as usual" for UKTV, the owner of TV channels Dave and Gold, after the UK's Brexit vote. The company has today reported that it is "outpacing the British broadcast market", with a record share of commercial impacts, claiming 9.7%, and "significant growth" of audience share and on-demand viewing ...
Proactive Investors | Mon, 1 Aug 2016 06:24:00
Flotilla fisherman on Brexit hopes
After the UK voted Leave in the recent EU referendum, what does the fisherman who organised a pro-Brexit flotilla want for his industry?
BBC | Mon, 1 Aug 2016 05:59:22
Chaos as nominations close in UKIP leadership race to replace Farage
Nominations closed Sunday in the race to replace Nigel Farage as leader of the U.K. Independence Party, who stood down after achieving his life's mission of Brexit. But the process was plunged into confusion after the front-runner Steven Woolfe failed to submit his nomination before the deadline. Farage and the ...
Japan Times | Mon, 1 Aug 2016 05:38:31
Further reading
Elsewhere on Monday, - Brexit, VoxEU eBook edition. - From a cautiously optimistic Gavyn Davies: "The probability of a global recession within 12 months in all of the major regions has now plummeted to almost zero, while the probability of "strong expansion" has risen to above 50 per cent." - ...
FT Alphaville | Mon, 1 Aug 2016 05:19:17
Four ways to curb migration post-Brexit
Deal will have to allay voter concerns while not excessively damaging economy
FT | Mon, 1 Aug 2016 05:00:43
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 | Mon, 1 Aug 2016 05:00:01
Venture Capital deals fall again
Continued investor concerns over startup valuations, macroeconomic upheavals, the ramifications of Brexit, and an uncertain exit environment for portfolio companies translated into another down quarter for investment deals in venture capital (VC)-backed companies. According to Venture Pulse, the quarterly global report on VC trends, published jointly by KPMG International and ...
Times of Malta | Mon, 1 Aug 2016 04:15:11
Prospect of US rate rise recedes as key Fed voter urges caution
New York Fed chief William Dudley says headwinds from sluggish growth and Brexit argue against a renewed increase The prospect of a further rise in US interest rates has receded after one of the Federal Reserve's most influential policymakers said caution was needed due to lingering risks to the US ...
Reuters / Guardian | Mon, 1 Aug 2016 02:21:15
DIARY-Top Economic Events to Aug 4
TUESDAY, AUGUST 2 BEIJING- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Economic Conditions and Implications for Monetary Policy" before the Official Monetary and Financial Institutions Forum City Lecture event- 1015 GMT. DUBLIN- Ireland's central bank Governor Philip Lane makes first post-Brexit speech- 1145 GMT.
CNBC | Mon, 1 Aug 2016 00:01:00
UK peers plan to block Brexit
Cross-party coalition in House of Lords is discussing options to block, delay or revisit the Brexit referendum result.
Austrailian | Sun, 31 Jul 2016 23:59:00
Growth outlook deteriorating - and don't blame the Brexit vote
Last week, National Accounts data for the June-quarter 2016 was published for the US and the Eurozone and we learned that the next slowdown is happening now, even though neither economy has yet fully recovered from the last downturn (the ... Read the rest of this entry ...
bill / Bill Mitchell | Sun, 31 Jul 2016 23:31:34
Business lending predicted to shrink in wake of Brexit vote
Borrowing by firms will drop by 1% this year, EY Item Club forecasts, withconsumer lending also expected to weaken Bank lending to businesses is set to fall in the aftermath of the Brexit vote, while demand for consumer credit and mortgages will also weaken as people spend less on big-ticket ...
Julia Kollewe / Guardian | Sun, 31 Jul 2016 23:01:15
Should The British Or The European Union Get Their Knickers In A Twist Over Brexit?
The continuing furor in the UK, the EU and markets all over the world over "Brexit" will turn out to be substantially misguided. As the Brits themselves are fond of saying: "don't get your knickers in a twist." Simply put, the reality is-which even some of the most astute economic ...
Harry G. Broadman, Contributor / Forbes | Sun, 31 Jul 2016 22:26:00
Brexit aftermath driving BoE to cut rates for first time since 2009
No one would be surprised if the central bank also opts to ratchet up its bond-buying program, possibly including the purchase of corporate debt
BRIAN MILNER / Globe and Mail | Sun, 31 Jul 2016 20:45:19
Apple Inc. (AAPL) And The Casualty List
Apple Inc. (NASDAQ:AAPL) And The Casualty List by John Dorfman, Dorfman Value Investments Thank you, Brexit. The decision of the United Kingdom to leave the European Union shook up stock markets worldwide, creating some bargains. Buying stocks that are smacked [...]
Value Walk | Sun, 31 Jul 2016 20:38:57
Banks seek clarification on ringfencing
Banks fear Brexit will undermine work on hiving off retail operations
FT | Sun, 31 Jul 2016 17:50:54
Britain needs an NGDP futures market
There's a lot of discussion about whether Britain will have a recession as a result of Brexit. There has been a pronounced tone-change among UK economics analysts since the EU Referendum: They are in unanimous agreement that the UK will sink into recession in the second half of this year. ...
ssumner / Money Illusion | Sun, 31 Jul 2016 16:02:36
BoE reassures EU banks on restructuring
Regulators will not force banks to set up costly UK subsidiaries post-Brexit, says senior executive
FT | Sun, 31 Jul 2016 13:21:15
Who's mentioning Brexit on their earnings calls?
Seeking Alpha / Seeking Alpha | Sun, 31 Jul 2016 13:19:07
Leon Cooperman published an epic 48-page note to investors explaining why everything is fine
Leon Cooperman's Omega Advisors released a 48-page investment outlook last week. And for all the fiddling over post-Brexit markets and the risks of a Chinese currency devaluation, Omega doesn't think there's much to worry about, according to the note, which was co-written by Omega's vice chairman, Steve Einhorn. The bulk ...
Business Insider | Sun, 31 Jul 2016 12:15:00
Brexit effect adds to pension problems
European companies carrying big liabilities lost almost a tenth of their value in the last month
FT | Sun, 31 Jul 2016 12:06:46
UK fintech startups raised £40 million in July, showing Brexit hasn't killed the hot sector
British fintech startups have announced at least £40 million of investment in just over a month since the referendum on the UK's membership of the European Union, according to an analysis by Business Insider. Nine funding deals in the fintech sector totalling £40.6 million have been announced since June 23, ...
Oscar Williams-Grut / Business Insider | Sun, 31 Jul 2016 11:50:00
Purplebricks aims to build on Brexit blues
Online estate agency says uncertain housing market is opportunity for growth
FT | Sun, 31 Jul 2016 11:03:04
RPT-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 | Sun, 31 Jul 2016 10:04:54
Sunday Selection
BEST OF SEEN ELSEWHERE Leftism and trivia are ruining the Telegraph, Niall McCrae Missing, presumed lost: Andy Burnham's spine, Asa Bennett Lessons on democracy from Brexit, Leopold Traugott Look to Jurassic Park for Labour's future, Chris Everett Terror is the new normal for Germany and France, Douglas Murray Stop blaming ...
Guy Fawkes' blog | Sun, 31 Jul 2016 10:00:45
If you're a Leave voter, you're about to get exactly what you asked for
There has been a pronounced tone-change among UK economics analysts since the EU Referendum: They are in unanimous agreement that the UK will sink into recession in the second half of this year. They disagree only on the details and depth. Call it the Silence of the Bulls: no one ...
Business Insider | Sun, 31 Jul 2016 09:52:00
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
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
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