Singapore Rich List 2016: Top 50 Fortunes Stay Steady Amid Slowdown
Overall wealth remains on course amid a sluggish economy and Brexit turmoil.
Naazneen Karmali, Forbes Staff / Forbes | Wed, 3 Aug 2016 21:28:00
The Guardian view on farming: not about food | Editorial
Brexit is a chance to rethink what farming's for, says Britain's biggest landowner, the National Trust. But what will we put on our plates then? Rural England and Wales was the bedrock of the Brexit vote. It may well be in the countryside that the impact of the decision first ...
Editorial / Guardian | Wed, 3 Aug 2016 19:17:46
An economic policy reset is now essential | Letters
In the wake of June's Brexit vote, the outlook for the UK economy is more uncertain than at any time since 2008. Mark Carney has promised that the Bank of England will do "whatever it takes" to support growth. But with interest rates at historic lows, and questions being raised ...
Letters / Guardian | Wed, 3 Aug 2016 18:46:21
British Pound 6 Month Outlook 2016 2H
What's happened since the Brexit vote? The month following the surprise vote by the U.K. to leave the European Union has been an eventful one and yet, the world has not quite come to an end, well not yet anyway. The resignation of David Cameron and the leadership contest that ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 18:32:55
U.S.-based world stock fund outflows highest since Brexit -ICI
By Trevor Hunnicutt NEW YORK, Aug 3 (Reuters) - Withdrawals from U.S.-based international stock mutual funds in the latest week hit the highest level since the Brexit vote, Investment...
Reuters | Wed, 3 Aug 2016 17:16:25
ICE backs London but admits Brexit fears
US exchanges group says EU uncertainty put it off LSE bid
FT | Wed, 3 Aug 2016 16:55:33
New regulatory breach revealed as HSBC profits slide 29%
Bank admits compliance issues in US and reveals requests from world regulators after Panama scandal HSBC has admitted it is breaching a US regulator's order to bolster its defences against financial crime, as the UK's biggest bank announced a slump in first-half profits in markets hit by Brexit. The bank ...
Jill Treanor / Guardian | Wed, 3 Aug 2016 16:53:35
'Throw the kitchen sink at the problem': Bank of England expected to launch stimulus measures
The Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money as the U.K. economy sputters in the wake of the Brexit vote.
The Associated Press / CBC | Wed, 3 Aug 2016 16:28:16
Why This Boring Market Is About to Get a Lot Wilder
Getty Images Anthony MirhaydariAugust 3, 2016 Did you notice? The past four weeks have been the most boring market period in 21 years, according to LPL Financial. After the historic post-Brexit rebound, U.S. large-caps have been relegated to a super-tight trading range, with the S&P 500 hovering in a mere ...
jherr / Fiscal Times | Wed, 3 Aug 2016 16:25:22
Misery 3
Misery Week continues here at GreaterFool, where we hope you're having a memorable day chock full of disturbing insights and a gnawing feeling your mom was wrong. The summer of 2016 will not pass without delivering a boatload of change. It started with Brexit, devolved into Trumpianism and has moved ...
Greater Fool | Wed, 3 Aug 2016 16:10:08
WSJ City's Brexit Briefing: HSBC and StanChart Reduce Key Targets, London's Luxury House Prices Fall
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 | Wed, 3 Aug 2016 15:49:35
UK Faces 50 Percent Change of Falling Into Recession Following Brexit Vote
BBC.
BBC. / World Affairs | Wed, 3 Aug 2016 15:29:00
Brexit Britain: sovereignty is not a licence to disregard international law
The language of sovereignty and supremacy was rife in the EU referendum debates. According to leading Brexiter Boris Johnson, it was the deciding factor in the vote to leave the EU. He said that the "only change" in Brexit will be that "the UK will extricate itself from the EU's ...
Charlotte O'Brien, Senior Lecturer in Law, University of York / The Conversation | Wed, 3 Aug 2016 15:13:34
Gold prices boosted by "perfect storm" industry body says
Is the face of investing changing slightly? Well, according to the World Gold Council it might be. In its latest analysis, the trade body cites a "perfect storm" of failing monetary policy and economic uncertainty post-Brexit for a 29% rise in the price of gold since the start of the ...
Proactive Investors | Wed, 3 Aug 2016 14:30:00
Scotch whisky industry warns of post-Brexit tariffs
Whisky group calls for policy that is 'as open and free-trading as possible' as it could lose significant tariff reductions in foreign markets
Martinne Geller / Globe and Mail | Wed, 3 Aug 2016 14:14:40
The Europe of Peoples Destroys Itself
photo: Peter Kurdulija On reading the deluge of comments on the outcome of the "Brexit" referendum, you may notice that there is (at least) one diagnosis of the fateful event on which and agree: Europe is too distant from the people, and the slave of technocratic bureaucracies. Too bad that ...
Roberto Tamborini / EconoMonitor | Wed, 3 Aug 2016 14:10:33
Chinese Growth Staying Close to Target, Despite Bleak Global Prospects
photo: Thomas Depenbusch Assuming no surprises in the second half of the year, China's growth in 2016 will remain near the target of 6.5 percent reflecting structural transition in the mainland, secular stagnation in the West and post-Brexit tensions globally. In mid-July, China's second-quarter GDP figures beat estimates with a ...
Dan Steinbock / EconoMonitor | Wed, 3 Aug 2016 14:10:26
World Bank president: Brexit 'contributed to slow growth'
The president of the World Bank says Brexit has had a negative impact on the global economy, creating difficulties for developing countries
BBC | Wed, 3 Aug 2016 14:10:05
Sharp Brexit slowdown in services sector signals recession, economists say
Christopher Williams / Telegraph | Wed, 3 Aug 2016 14:08:49
BoE Set to Cut Rate to Address Post Brexit with More QE a Possibility
With the British economy in its deepest trouble since the global financial crisis in the wake of the vote to leave the European Union, the Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money. Early indicators ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 13:59:47
Euro Zone PMI Rises Above Expectations Post Brexit
Euro zone business activity expanded a touch faster than expected last month as the region appeared, so far, to have largely shrugged off Britain's vote to leave the European Union, a survey found. The latest increase, which came alongside some of the fastest hiring growth in the euro zone since ...
Alfonso Esparza / OANDA | Wed, 3 Aug 2016 13:54:30
Despite Lower Rates Mortgage Applications Drop in US
A slight drop in interest rates was not enough to rejuvenate the mortgage market, although refinances are still elevated since the Brexit vote caused the initial rate plunge. Total mortgage application volume fell 3.5 percent last week on a seasonally adjusted basis from the previous week, according to the Mortgage ...
OANDA | Wed, 3 Aug 2016 13:52:42
The Law and Brexit II
Since our prior post, we now have a new UK Government in place, with a new Prime Minister and a new "Secretary of State for Exiting the European Union." The shape of the UK's future relationship with the EU, or even the key objectives of the new UK Government in ...
Harvard Law School Forum | Wed, 3 Aug 2016 13:28:18
Gold Slides Off Brexit-Spike Highs, Oil Tumbles As Dollar Jumps
Having rallied back up to Brexit day spike highs at $1370, it appears - despite equity weakness - that a sudden burst of USD buying has sparked a brief slide in precious metals with gold retracing some of yesterday's gains... Oil prices are also sliding on USD strength (having tagged ...
Tyler Durden / Zero Hedge | Wed, 3 Aug 2016 13:16:54
London Luxury House Prices Keep Falling After Brexit Vote
High-end house prices in central London have continued to fall after the Brexit vote, according to property broker Knight Frank.
WSJ | Wed, 3 Aug 2016 13:08:55
Warning - London could lose status following Brexit
London's financial lobby group warned that the city's status as the world's pre-eminent financial hub could be undermined if the U.K. loses the right to sell its services freely within the European Union as doubts mount over Britain's ability to retain full access to the trading bloc.
Here Is The City | Wed, 3 Aug 2016 13:02:34
Irish exporters feel chill from Brexit fall in sterling
Irish Business and Employers Confederation fears job losses amid 'currency crisis' Business activity and jobs in Ireland are already under threat because of the fallout from Brexit, a key Dublin trade body has warned. The sharp fall in the pound against the euro is already making Irish exports to the ...
Lisa O'Carroll / Guardian | Wed, 3 Aug 2016 13:02:03
Next enjoys sales bounce despite consumer caution
Telegraph | Wed, 3 Aug 2016 12:58:57
HSBC profits plunge as Brexit uncertainty bites
HSBC said on Aug. 3 that its net profit plunged in April-June and that the bank was heading into "a period of heightened uncertainty" after Britain voted to leave the European Union
Hurriyet | Wed, 3 Aug 2016 12:54:00
Why BOE's Brexit Easing Might Miss the Mark
The Bank of England is expected to act Thursday, but the time frame for the impact of Brexit is long and ill-defined.
WSJ | Wed, 3 Aug 2016 12:23:44
BREXIT BETTING: Bookmakers have lost faith in Article 50 ever being triggered
Bookmakers have shortened their odds that Article 50 - the two-year notice period the must give to officially leave the EU - will never be triggered. Sky Bet currently has 6/4 odds on Article 50 happening in "2018 or later or not at all," the favourite option in its Brexit ...
Matthew Nitch Smith / Business Insider | Wed, 3 Aug 2016 12:07:26
Hotel operator Millennium & Copthorne hit by terrorism and Brexit
Ben Martin / Telegraph | Wed, 3 Aug 2016 12:05:02
What analysts are saying about the UK's latest awful post-Brexit economic data
Analysts are, understandably, reacting with some trepidation to the news on Wednesday morning that Britain's services sector - which accounts for almost 80% of GDP - saw output and new business fall at the fastest rate in more than seven years in July, following the UK's vote to leave the ...
Will Martin / Business Insider | Wed, 3 Aug 2016 12:02:01
How Did Brexit Affect Car Sales? Tell You After My European Holiday
Summertime and the livin' is easy--particularly for some statisticians.
Stephen Wilmot / MoneyBeat | Wed, 3 Aug 2016 11:54:49
Housing Market May Be Brexit's Best Bellwether
Most analysts believe Brexit will drive the U.K. economy to either flatline or fall into a recession.Property prices could determine whether this will be a dip or slump.
WSJ | Wed, 3 Aug 2016 11:28:40
Brexit could herald end to British fruit and veg sales, producers warn
Many of the country's biggest producers say that without a scheme for seasonal workers, homegrown produce would all but vanish from the shelves British fruit and vegetables would all but vanish from shops if Brexit means the foreign workers who pick virtually all the home-grown produce are no longer able ...
Damian Carrington / Guardian | Wed, 3 Aug 2016 11:16:24
AIM deal makers shrugged off Brexit to raise nearly £500mln
It turns out the Brexit circus failed to make clowns of AIM's deal makers as they managed to bring in almost £500mln of new capital for growth companies at the height of referendum uncertainty. Figures publicised by City broker Allenby show that whilst May was busier, June's referendum didn't cause ...
Proactive Investors | Wed, 3 Aug 2016 10:50:00
Brexit shows why macro calls don't work
Thomas Nehring says the recent Brexit vote holds valuable lessons for DGF investors.
Thomas Nehring / Professional Pensions | Wed, 3 Aug 2016 10:46:56
Video: HSBC first-half profits slide nearly 30%
HSBC profits in the first half the year plunge by nearly 30 percent compared to last year. And there are more storm clouds ahead for Europe's biggest bank with potential fallout from the Brexit vote and China's slowing economy. Eve Johnson reports.
Globe and Mail | Wed, 3 Aug 2016 10:18:11
The Brexit Effect Is Just Beginning
The fallout from Brexit and a nosedive in crude oil prices could precipitate another financial crisis.
A. Gary Shilling, Newsletter / Forbes | Wed, 3 Aug 2016 10:15:00
Forget Super Thursday, the Bank of England can only offer Mildly Useful Thursday
Waiting for Superman. Zoltan Gabor/Shutterstock The Bank of England is expected to announce on Thursday measures to stimulate the UK economy following signs that there will be a significant economic downturn following the vote for Brexit. The Bank may cut interest rates, inject another dose of quantitative easing or conjure ...
Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge Judge Business School, University of Cambridge / The Conversation | Wed, 3 Aug 2016 10:09:10
UK all-sector PMI at lowest since April 2009 after record fall
The UK saw a broad-based and severe slowing in its economy in July as Brexit-related uncertainty took its toll on business activity
Markit | Wed, 3 Aug 2016 10:03:14
Tweedy Browne Fund 2Q16 Commentary
Tweedy Browne Fund commentary for the second quarter ended June 30, 2016. H/T Dataroma Having regained their footing in mid-February, global equity markets continued to advance during the 2nd quarter right up until the Brexit vote in late June. Despite [...]
Value Walk | Wed, 3 Aug 2016 10:00:07
Brexit Abbey
Still, Downton Abbey and Brexit do have something in common.
Amity Shlaes, Contributor / Forbes | Wed, 3 Aug 2016 10:00:00
UK services sector contraction adds to recession fears
Purchasing managers index for July fell from 52.3 to 47.4 in June, the sharpest drop on record The Bank of England has been provided with fresh evidence of the softness of the economy in the immediate post-Brexit period by a survey showing activity on course to decline by 0.4% in ...
Larry Elliott Economics editor / Guardian | Wed, 3 Aug 2016 09:59:46
Eurozone economy shows resilience after Brexit vote
Rate of growth in activity quickened in July, PMI shows
FT | Wed, 3 Aug 2016 09:59:33
Brexit Realism: Maybe Voters Were Not Dumb
By David Miles, Imperial College Business School. Originally published as a chapter in the VoxEU ebook, Brexit Beckons: Thinking ahead by leading economists, available to download free of charge To some, the Brexit referendum was a failure by economists to persuade UK voters that leaving the EU would entail major ...
Yves Smith / Naked Capitalism | Wed, 3 Aug 2016 09:47:46
HSBC's $2.5-billion buy-back boosts shares as bank postpones profit goal
In wake of Brexit, slower China growth, bank says it will 'remove a timetable' to reach its return-on-equity target
Sumeet Chatterjee and Lawrence White / Globe and Mail | Wed, 3 Aug 2016 09:41:50
An influential think-tank says Brexit means there is now a 50/50 chance of a recession
The UK's vote to leave the EU means it now has a 50/50 chance of entering a recession by the end of 2017, according to the National Institute of Economic and Social Research (NIESR). Brexit means the UK economy will see growth of 1.7% in 2016, it says, but that ...
Matthew Nitch Smith / Business Insider | Wed, 3 Aug 2016 09:38:31
Eurozone shows resilience in face of Brexit vote _ unlike UK
LONDON (AP) - A closely watched monthly economic survey indicates that the British economy is heading for a sizeable contraction in the third quarter in the wake of the country's decision to leave the European Union, whereas the neighboring 19-country eurozone economy appears to have brushed aside any of the ...
Associated Press | Wed, 3 Aug 2016 09:20:16
NIESR: Britain Has A 50% Chance Of Brexit Induced Recession By The End Of 2017
NIESR is not known as one of the more cheery of the various think tanks in the UK. As with the proverbial Scotsman with a grudge, it's not difficult to tell the difference between a ray of sunshine and the usual NIESR economic forecast. So it's not a great surprise ...
Tim Worstall, Contributor / Forbes | Wed, 3 Aug 2016 09:09:00
UK central bank to help economy through Brexit with stimulus
LONDON- With the British economy in its deepest trouble since the global financial crisis in the wake of the vote to leave the European Union, the Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money. As ...
CNBC | Wed, 3 Aug 2016 09:04:00
UK services industry contracted 'sharply' after Brexit vote
FT | Wed, 3 Aug 2016 08:38:08
Eurozone shows resilience in face of Brexit vote
A closely watched survey is showing that the 19-country eurozone economy has brushed aside any negative fallout from Britain's vote to leave the European Union _ at least in the near-term
U.S. News | Wed, 3 Aug 2016 08:30:52
Brexit is having almost no impact on the European economy
The eurozone's is shaking off fears about the impact of Britain's vote to leave the European Union, and has seen "little overall contagion" from the vote, according to the latest PMI data released by Markit on Wednesday morning. Markit's composite PMI for the eurozone was a solid beat on the ...
Will Martin / Business Insider | Wed, 3 Aug 2016 08:22:14
HFRX Daily Indices - July 2016 Performance - Gains On Equities, Bonds
HFRX Daily Indices - July 2016 Performance Global financial markets gained in July, extending the recovery from the prior month Brexit shock and driven by both strong US employment report and US Fed continuation of low interest rates. Equity market [...]
Value Walk | Wed, 3 Aug 2016 08:19:10
Positive US economic data - but don't blow your Trump-et just yet!
As US presidential elections approach, a few points should be taken into consideration from the recent Brexit vote impact on financial markets. Donald Trump will take on Hillary Clinton in November's election and polls place both candidates close to par with each other. So what should one be wary of? ...
Mathieu Ganado / Times of Malta | Wed, 3 Aug 2016 08:09:00
"The Rational Kernel Of Osbornomics? Labour Can Liberate The National Living Wage" by Harry Pitts
Yesterday Labour leadership contender Owen Smith launched a 25-point 'manifesto for fairness at work'. In it, he pledges to 'strengthen the enforcement of the National Living Wage'. But what would it mean to do this in practice? Recent reports suggest Brexit will cut 40p from the value of the new ...
Social Europe Journal | Wed, 3 Aug 2016 08:00:20
In the papers: Deutsche Bank, Fresnillo, Volkswagen
The Times Brexit panic prompts £3.5 billion fund withdrawal: Retail investors used fears over Brexit to withdraw £3.5 billion from U.K. managed investment funds in June, dwarfing the worst month in the 2008 financial crisis. Abe accused of inflating impact of spending plan: Shinzo Abe launched a public spending package ...
Proactive Investors | Wed, 3 Aug 2016 07:50:00
Investors pulled £3.5 billion out of the UK in the run up to the Brexit vote
Small-time investors pulled £3.5 billion out of UK investment funds in June as the Brexit vote loomed, new figures show. Retail investors, individuals investing their own money as opposed to institutions or professionals, withdrew the sum from funds, according to figures from the Investment Association. £2.8 billion was pulled out ...
Oscar Williams-Grut / Business Insider | Wed, 3 Aug 2016 07:34:02
Retailer Next faces Brexit currency woes
Kate Palmer / Telegraph | Wed, 3 Aug 2016 07:20:48
Moody's: Brexit vote to negatively affect UK commercial real estate market
The US ratings agency, Moody's Investor Service, published yet another report on the impact of Brexit on the UK economy, this time underscoring the ch
Dhwani Mehta / FX Street | Wed, 3 Aug 2016 06:47:17
Markets await UK services data ahead of Bank of England meeting - business live
Services expected to slow down as Brexit concerns bite 7.38am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. After Monday's global manufacturing figures for July - a mixed picture on the whole - come the service sector numbers. ...
Nick Fletcher / Guardian | Wed, 3 Aug 2016 06:38:49
ING warns on Brexit shock and low interest rates
Dutch financial services company reports a nearly 27 percent rise in net earnings for the second quarter.
CNBC | Wed, 3 Aug 2016 06:36:00
Brexit and tourism: 'We have devalued the Union Jack as a brand'
In the short term Britain's tourism industry looks set to benefit from the weak pound, but the long term impact is less clear Brexit's negative impact on the economy has been splashed across the news, but tourism could buck the trend. In the short term Britain's tourism industry looks set ...
Matthew Chapman / Guardian | Wed, 3 Aug 2016 06:30:40
BRIEF-Moody's says Brexit vote to negatively affect UK commercial real estate market
* Foresee any negative investment sentiment from Brexit to impact secondary quality property
Reuters | Wed, 3 Aug 2016 06:30:12
The aftermath of the Brexit vote - the verdict from a derided expert
John Van Reenen was disappointed but not surprised by the UK's vote to Leave the EU. Whilst his own research predicts serious economic and political damage in the case of Brexit, he thought a Leave vote was a real possibility ever since David Cameron committed to a vote in 2013. ...
Blog Team / EUROPP | Wed, 3 Aug 2016 06:30:08
'Exceptional volatility': HSBC profits dive 29% on Brexit and China
Hong Kong (AFP) and London (BI) - HSBC said on Wednesday that its pre-tax profit plunged by 29% in the first half of 2016 to $9.7 billion (£7.2 billion), after "exceptional volatility" during a turbulent six months ending in Britain's decision to leave the EU. Brexit was the biggest hit ...
Oscar Williams-Grut and AFP / Business Insider | Wed, 3 Aug 2016 06:16:00
Papers: UK nuke programme not dependent on Hinkley, say rivals
The Daily Telegraph UK will avoid recession in 2016 but ex-Bank deputy warns no 'big bazooka' to prevent slowdown: The UK will avoid a Brexit-induced recession at the turn of the year, according to a top think-tank. The National Institute of Economic and Social Research (NIESR) expects the economy to ...
Proactive Investors | Wed, 3 Aug 2016 06:09:00
HSBC reports 29% slump in profits amid concerns over Brexit
Press Association / Ambrose Evans-Pritchard | Wed, 3 Aug 2016 06:06:09
FTSE 100 seen higher, albeit not by very much
London's FTSE 100 is set to start Wednesday higher, albeit not by very much. Economics and central bank policy remains a key focus amid continuing uncertainty - not just Brexit but on a broader malaise in Europe and beyond, as well as the renewed weakness in key commodity markets. Stress ...
Proactive Investors | Wed, 3 Aug 2016 06:00:00
Bank of England urged to use 'sledgehammer' to combat Brexit slump
The Bank of England needs to use a sledgehammer to combat a severe economic downturn caused by the vote to leave the EU, one of Britain's most respected thinktanks has warned.
Here Is The City | Wed, 3 Aug 2016 05:59:23
Experts, facts and media
Jean Pisani-Ferry has written a very interesting post about the need for trusted experts in a democracy. The post addresses the criticisms that economic experts have received as a result of the Brexit vote. Quoting from his democracy is based not only on universal suffrage, but also on reason. Ideally, ...
Fatas and Mihov | Wed, 3 Aug 2016 05:53:00
BoE's Brexit day: what's expected
Significant policy response expected at August policy meeting with QE and lower rates seen
FT | Wed, 3 Aug 2016 05:00:11
HSBC pre-tax profits fall 29% as Brexit bites
HONG KONG - HSBC said Wednesday profit before tax plunged 29% in the first half of 2016 to $9.7 billion, after "exceptional volatility" during a turbulent six months ending in Britain's decision to leave the EU.
Bangkok Post | Wed, 3 Aug 2016 04:45:00
City gets blueprint for life after Brexit
Lobby group for the Square Mile sets out how London can remain Europe's financial capital
FT | Wed, 3 Aug 2016 04:34:58
Brexit threatens to spark UK visas rush
Report warns that 140 years' worth of applications could be made in 12 months
FT | Wed, 3 Aug 2016 04:33:46
Brexit drives retail rethink on suppliers
Uncertainty over trade tariffs and currency moves prompts shift
FT | Wed, 3 Aug 2016 04:33:15
The BoE and the challenge of its Brexit response
Along with the US Federal Reserve, the Bank of England had been - pre-Brexit referendum - among the relatively more successful central banks in dealing with the policy trade-offs inherited from the world's romance with finance as a failed engine of high and sustainable growth. And while absolute success has ...
Mohamed El-Erian / The Exchange | Wed, 3 Aug 2016 04:30:13
Diplomatic composure
The news has been so relentlessly depressing recently from Panama Papers to Brexit, from Turkey to Donald Trump and Nice to Munich, that my wife insists I should write in a lighter vein this week. During my working life, I have been fortunate to have been exposed to the art ...
Martin Scicluna / Times of Malta | Wed, 3 Aug 2016 04:26:02
How Brexit will impact HSBC
A weaker sterling resulting from Brexit will hit revenues but could help lower costs, Atlantic Equities' banks analyst Chris Wheeler says.
CNBC | Wed, 3 Aug 2016 04:17:00
UK slowdown will see BOE cut rate to near zero - NIESR
According to a latest report published by National Institute for Economic and Social Research (NIESR) on Wednesday, the Brexit vote is likely to see a
Dhwani Mehta / FX Street | Wed, 3 Aug 2016 03:42:35
HFRX Index Gains for Fifth Consecutive Month, +1.45% in July
Hedge funds gained in July as financial markets were driven by strong U.S. employment numbers and an emerging consensus that Britain's late-June Brexit vote could delay the Federal Reserve's next interest rate hike, according to new data from Hedge Fund Research. read more
FINalternatives | Wed, 3 Aug 2016 01:54:36
All eyes on UK bank earnings post-Brexit
Investors will be questioning what the outlook is for Standard Chartered and HSBC following the Brexit vote, notes Ivan Li of Tung Shing Securities.
CNBC | Wed, 3 Aug 2016 01:34:00
City wants continued single market access
Financial services lobby group's proposals set TheCityUK on collision course with hardline Brexiters
FT | Tue, 2 Aug 2016 23:03:58
SP 500 and NDX Futures Daily Charts - Within the Range, By Hook or Crook
Stocks took a dip today, scoring the first back to back daily losses since Brexit in mid-July. Do you feel inspired, more confident? That's the whole point of this, besides the looting and bubbles. Late day buying managed to push the SP 500 futures back up into the 'trading range.' ...
Jesse's Café Américain | Tue, 2 Aug 2016 20:36:00
Trumpism in International Context
( Steven Hayward ) Back at the end of June, I shared the insights of French political philosopher Pierre Manent about the significance of Brexit (which he was for). Yesterday, the good folks at First Things posted a translation of a recent interview Manent gave to the Italian newspaper Il ...
Power Line | Tue, 2 Aug 2016 20:01:36
EUR/USD consolidates gains above 1.1200
After a pause on Monday, EUR/USD resumed the upside and rallied above 1.1200, reaching the highest level since the Brexit referendum results.
Matías Salord / FX Street | Tue, 2 Aug 2016 19:10:05
FOREX-Dollar slides to 6-week low as U.S. data clouds rate hike outlook
*Euro above $1.12 for first time since Brexit vote. *Broadly negative tone for dollar continues. NEW YORK, Aug 2- The dollar dropped to a six-week low against a basket of currencies on Tuesday, pressured by expectations the Federal Reserve would delay raising interest rates after recent soft U.S. economic data.
CNBC | Tue, 2 Aug 2016 19:00:00
Clinton, Trump And Trade: Is A 'Brexit Moment' Looming?
Linton, Trump And Trade: Is A 'Brexit Moment' Looming? Wharton's Philip Nichols discuss the U.S. presidential candidates' stances on trade. Trade issues have been a big talking point in the current presidential election campaign. Republican Party nominee Donald J. Trump [...]
Value Walk | Tue, 2 Aug 2016 17:41:15
There's one group you can thank for the record stock market highs
There's 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. And yet, the market marches on, confounding hedge funds betting on ...
Money Game | Tue, 2 Aug 2016 16:26:58
FTSE 100 falls as bank shares slide
Bank shares drag the FTSE 100 lower, while builders merchant Travis Perkins falls after saying demand was hit by Brexit
BBC | Tue, 2 Aug 2016 16:01:51
WSJ City's Brexit Briefing: Miriam Gonzalez on How to Negotiate, EU Gives Britain Security Role, UK Funds Swell
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 | Tue, 2 Aug 2016 15:46:12
The end of the world as we know it? Part 1
A hundred years from now, will students learning 21st Century history be taught that the Brexit vote - which saw an already sceptical Britain decidedly turn its back on the dream of a United States of Europe - was a watershed event, part of the West at large turning its ...
Beyond BRICs | Tue, 2 Aug 2016 15:03:32
Brexit: Getting Concrete about Next Steps
Now that the first wave of triumphalism and consternation about Brexit vote on June 23 has died down a bit (my own thoughts just after the vote are here), it's useful to start thinking about actual next steps. Richard E. Baldwin has edited an e-book for VoxEU, Brexit Beckons: Thinking ...
Timothy Taylor / Conversable Economist | Tue, 2 Aug 2016 15:00:00
A "1 In 10,000 Year Event": JPM Head Quant Explains Why The S&P Refuses To Sell Off
Ever since Brexit, traders - and mostly bears - have been scratching their heads over not only by the S&P500's tremendous rally but also but the market's seeming ability to immediately digest through any incremental negative news, both economic and geopolitical and rebound immediately from a support level at around ...
Zero Hedge | Tue, 2 Aug 2016 14:52:48
EU pensions row is taste of things to come
Brexit negotiations will be a long, drawn-out affair, writes Gideon Rachman
FT | Tue, 2 Aug 2016 14:50:47
Piling on the Pound ETF as Post-Brexit Slump Continues
These are not good days for the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB), which tracks the British pound's movement against the U.S. dollar. Down more than 10% year-to-date, FXB is easily one of this year's worst-performing currency exchange traded funds and its post-Brexit slump has not shown any signs ...
Tom Lydon / ETF Trends | Tue, 2 Aug 2016 14:47:09
Brexit holds no fear for First property Group PLC boss Habib
There are company bosses fearful of the prospects posed by Brexit. Ben Habib, chief executive at commercial property investor and fund manager First Property Group PLC (LON:FPO), isn't one of them. He sees the current market instability post the UK vote to leave the EU as a big opportunity for ...
Proactive Investors | Tue, 2 Aug 2016 14:46:00
Brexit endangers Britain's US$454-billion building boom
Whether the U.K. can afford 405 billion pounds (US$454 billion) worth of projects in the pipeline before the Brexit vote depends on how much the economy suffer
Benjamin Katz and Alex Morales, Bloomberg News / Financial Post | Tue, 2 Aug 2016 14:15:40
Financial Expert on Brexit: 'The British Always Want Special Treatment'
What direction will Britain take as it prepares for Brexit? British financial industry expert David Marsh says he believes Britain's withdrawal from the EU will do less damage to Brits than to the rest of Europe.
Spiegel | Tue, 2 Aug 2016 13:47:16
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on the effect of the 'leave' Europe June vote on the U.K economy, implying that a weaker sterling (down -11% since June 23) could temper the economic fallout. The RBA's Governor Stevens ...
OANDA | Tue, 2 Aug 2016 13:11:12
Brexit gives UK 'huge advantage' in trade deals, predicts car industry chief
Alan Tovey / Telegraph | Tue, 2 Aug 2016 12:54:22
Amid banking and Brexit bedlam, the case for gold looks bright
Gold prices have rebounded and should continue to climb as investors seeking haven from market turmoil pour money into the metal.
CNBC | Tue, 2 Aug 2016 12:51:00
Unchanged support for EUR before Brexit but optimism about EU's future is lower - Danske Bank
Pernille Bomholdt Henneberg, Senior Analyst at Danske Bank, notes that the European Commission's Spring Eurobarometer survey shows unchanged support f
Sandeep Kanihama / FX Street | Tue, 2 Aug 2016 12:46:24
The big thing almost everyone missed about Brexit
To explain why the UK voted to leave the European Union, commentators have zeroed in on four potential reasons: fear of immigrants, voter dissatisfaction with a weak economy or the status quo, loss of national autonomy, and age. The first three explanations are intuitively powerful, but they seem to be ...
Mateusz Tomkowiak / Vox | Tue, 2 Aug 2016 12:10:02
Brexit, Not Our Problem, as Q3 Begins
By K. Sean Clark, CFA Trading across asset classes was dominated in the second quarter by the market's view of Brexit. When polls showed that Brexit was likely, risk assets sold off. When the polls showed it looked as if Britain would stay in the European Union (EU), risk assets ...
Clark Capital Management / ETF Trends | Tue, 2 Aug 2016 12:00:00
US STOCKS-Futures lower ahead of economic data
*Robert Kaplan, president of the Dallas Federal Reserve, warned that a raft of global risks such as the Brexit vote could affect the United States and reiterated his stand for a gradual rise in interest rates. *Wall Street closed lower on Monday as a drop in oil prices dragged down ...
CNBC | Tue, 2 Aug 2016 11:41:00
UK's new EU commissioner given security portfolio
Sir Julian King to have narrowly focused role as country prepares for Brexit
FT | Tue, 2 Aug 2016 11:27:00
Bank of America and Citigroup warn of uncertainties
Bank of America said its businesses and results could be adversely affected and it may have to incur additional costs if Britain's exit from the European Union limits the ability of its UK entities to conduct business in the bloc.
Here Is The City | Tue, 2 Aug 2016 11:11:28
Morning News: August 2, 2016
Brexit Imperils Britain's £405 Billion Infrastructure Boom With Economy Still Struggling, Japan Tries More Stimulus Kuroda Sees No Slowdown in Stimulus After Policy BOJ Review [...]
Eddy Elfenbein | Tue, 2 Aug 2016 11:05:10
EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit vote
Martin Banks / Telegraph | Tue, 2 Aug 2016 09:58:57
Spain: an island of decency and good sense
Compared with the US and 'Brexit' campaigns, the political climate in Spain is a shining example of tolerance
John Carlin / EL PAÍS | Tue, 2 Aug 2016 09:48:32
UK construction in deepest downturn since 2009
UK construction activity fell sharply for a second successive month in July, pointing to an ongoing impact of Brexit-related worries.
Markit | Tue, 2 Aug 2016 09:30:44
Datawatch: Who can stay post-Brexit?
The fate of EU migrants in the UK hangs in the balance, but the UK government has stated that those who have lived "continuously and lawfully" in the country for at least five years will automatically have a permanent right to reside. The five years will start to count once ...
Federica Cocco / FT Data | Tue, 2 Aug 2016 09:13:43
Brexit post-mortem
It is a month after Britain's surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David...
Alasdair Macleod / Cobden Centre | Tue, 2 Aug 2016 09:05:40
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, India's Lust For Capital And Masala Bonds
There has been much a'wailin' and a' 'nashing of the teeth over what Brexit will do to the City of London, the wholesale financial markets which are the lifeblood of London's economy. The concern being that if said markets don't have access to the Continent then what will they be ...
Tim Worstall, Contributor / Forbes | Tue, 2 Aug 2016 08:35:00
Credit gains further ground in July
Credit markets clocked in yet a remarkable month in July, and the grind tighter continued. Fixed income proved to be, once again, the most defensive asset class of the lot. In the aftermath of the Brexit vote, and the failed coups d'état in Turkey midway through the month coupled with ...
Times of Malta | Tue, 2 Aug 2016 08:10:00
Dimon: Brexit could lead to breakdown of eurozone
Seeking Alpha / Seeking Alpha | Tue, 2 Aug 2016 07:55:01
Impact of Brexit has pushed investors up the risk curve: Strategist
Peter Oppenheimer, chief global equities strategist at Goldman Sachs, says Brexit's impact on bond yields helped cause the recent market rallies.
CNBC | Tue, 2 Aug 2016 07:52:00
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