George Soros
George Soros has warned that Britain's vote to leave the European Union makes the disintegration of the bloc "practically irreversible". Before Thursday's UK referendum, Mr Soros, the billionaire who earned fame by betting against the pound in 1992, had warned of financial meltdown if Britain voted to leave. Before Friday's vote...
Bank of Japan
Japan's government and central bank are considering unilateral intervention in the currency market, to counter any abrupt gains in the yen, the Nikkei newspaper reported. Following the UK's vote to leave the EU, Yen demand jumped abruptly pushing the currency below 100 per dollar for the first time since November...
London Stock Exchange FTSE
Britain's top shares index fell on Friday, led lower by banks and homebuilders, but staged a sharp recovery from its initial slump caused by the country's decision to leave the European Union. The FTSE 100 index initially dived more than 8 percent at the open, and was poised to post...
Japanese Yen
The USD/JPY was seen above its three-year low, but still notably lower as the Brexit shock highly favored safe assets on Friday. New York - The greenback partially pared its losses against the Japanese yen, however the USD/JPY was still trading significantly lower during the US market hours. The yen heavily...
US Dollar Currency
If global equity markets remain under extreme pressure and measures of market volatility/risk aversion remain elevated, the Australian dollar is like to weaken further in coming days, implying risk that the 2015/2016 year-to-date lows just above 68 US cents are retested. The Australian’s dollar’s negative correlation with increased global market...
London Stock Exchange FTSE
Britain has taken the historic decision to leave the European Union - a move that has rocked global equity markets. The FTSE opened significantly lower on Friday, although there was evidence of some stabilisation by mid-morning. Here’s a quick rundown of the key stocks affected and why: Losers Two main sectors were anticipated...
Bank of Japan
Brexit developments will likely continue to dominate the coming week following the UK’s decision on Thursday to leave the European Union. However, upcoming data out of the US and Japan will be closely monitored as it could sway Fed and Bank of Japan policy. Spanish elections could bring more shocks...
Oil Commodity
Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand. Financial markets have been worried for months about what Brexit, or a British exit from the European Union, would mean for...
US Stock Market
Wall Street was seen profoundly in red amid Brexit induced sell off, while set of new updates had limited impact in the morning. New York - Major stock indices dived in the morning, with the financial sector falling the most as the uncertainty dominated in response to the UK's choice. The...
US Stock Market Traders
Major stock indices dived at the opening bell as the Brexit came reality after the UK referendum on Thursday. New York - Equity markets in the US opened with severe losses on Friday, driven by uncertainty and shock over the results of the UK referendum vote. At the market open, the...