Tag Archives: Brexit

And so it begins. Even before the Brexit vote, corporate profits in the U.K. were already under pressure from a combination of sluggish global growth and rising wages. But now, several weeks after referendum, business confidence in the U.K. is officially cratering. Credit Suisse’s Global Markets team expects corporate pessimism to ultimately translate into reduced investment and hiring, and the combination of rising unemployment and a weaker pound to squeeze household income. With uncertainty...

The Federal Reserve is expected to keep monetary policy unchanged over the next few months as the central bank continues to assess the underlying strength of the U.S. economy, especially after the Brexit vote raised concerns that a potential slowdown in the U.K. economy could have a significant spillover effect globally.   Credit Suisse’s Global Markets team believes that the vote has, in fact, exacerbated some tendencies within the Fed that were in place long before Britain’s June 23...

(Here is the latest monthly column I write for Caixin.  It is on Brexit and I wrote it as an email to my mother.  Here is the link.  The text follows) To: Mother Date: July 4, 2016 Subject: Re: Did you know Britain was leaving Europe? Should I worry? Glad to see you figured out how to access your email account. I smiled when I saw your note in my inbox. Thank you, though I am not sure that Thomas Watson felt the...

Investec Switzerland. Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a new appeal in the fallout of the U.K. vote to leave the European Union. Investors buying up megacaps including Nestle SA, Novartis AG and Roche Holding AG have pushed...

Investec Switzerland. Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a new appeal in the fallout of the U.K. vote to leave the European Union. Investors buying up...

(Bild: Pixelio, Andrea Damm) Die Brexit-Abstimmung löste an den Märkten grosse Turbulenzen aus. In einer Umfrage wollte Fondstrends von seiner Leserschaft wissen, ob ihrer Meinung nach die negativen Folgen längerfristig anhalten werden, oder ob es sich dabei nur um einen temporären Einbruch handelt. Die Leserschaft von Fondstrends ist sich einig, dass der Brexit keinen Umschwung an...

(Bild: Pixelio, Michael Berger) Wie von Joyce Tan, Portfolio Specialist Asian Debt bei NN Investment Partners, erwartet, legten durch den Brexit traditionelle sichere Häfen zu und die Renditen von 10-jährigen US-Treasuries fielen auf 1,56%, den niedrigsten Stand seit Mitte 2012. Eins hatten die Märkte vielleicht nicht in dieser Form erwartet: Asiatische US-Dollar-Anleihen erwiesen sich in den...

Investec Switzerland. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestlé, Roche and Novartis led gains. © Paulbroad | Dreamstime.com Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten...

Brexit Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten up sectors on bets that central banks would ride to the rescue of investors by providing additional stimulus to avert disaster. Mark Carney, governor of the Bank of England, reassured markets that a rate cut could come as early as...

Luigi Zingales argues that this is the underlying reason for the Brexit vote and the rise of Donald Trump.