The aftershocks of the Britain’s vote to leave the European Union reverberated across financial markets after a weekend of political turmoil, with the pound extending its record selloff and European equities dropping to levels last seen in February. Sterling fell below Friday’s lows with a 3.4% slide to the weakest since 1985, as S&P cut … More Sell, Sell short ..: Banking sector
“Keep a stiff upper lip” is a phrase often used by Brits to express fortitude and stoicism during times of distress.. Britain’s vote to leave the European Union almost a quarter century after its creation with the Maastricht Treaty left global markets in disarray Friday. Today, investors start to figure out the way forward. … More London calling . . After Brexit where are we heading. .
Crude oil prices took a positive turn in early Asia trade Friday, pushed by bargain-hunting and speculative trades, but the warning’s that suspense around U.K.’s future in the European Union is still spooking investors. U.S. crude for July delivery (+1.38%) was up $0.29 or 0.6% at $46.50 a barrel on the New York Mercantile Exchange, … More Oil price trim losses, Brexit spooking the investors . .
Sell, Sell short, Buy Gold, take it and go . . So-called Brexit concerns already have significantly impact on the financial markets, but more could be in store if the fears become reality and the U.K. votes to exit the European Union. One of the biggest beneficiaries of disquiet that Briton’s could … More Brexit is near.., Should they stay, or should they go ..
From this corner’s view, this market is on the verge of falling hard, but people are not seeing it. With the market is so close to all-time highs, most are fixated on it making new highs, rather than paying attention to valuation or macroeconomic conditions, both of which present serious risks.Markets can move … More Bearish prospective of view . .
-“Everyone’s scared, “There are too many events coming up for investors to take a plunge.” that was the last sentences coming from a strategist at Toyo Securities Co. in Tokyo headquarter. Which we all will confirm the logic in it. Markets could be skittish in the week ahead as the Federal Reserve meets and investors increasingly … More Nervousness after all time high ..
At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.No matter that the U.S. labor market is deteriorating and the World Bank has just cut its estimates for … More Euphoric market’s , everything’s a buy . .
The U.S. dollar weakened Wednesday to its lowest level in a month as rising oil prices supported currencies of commodity exporters and deteriorating expectations for a summer interest-rate hike drained some of the greenback’s vitality. This boosted the currencies of major oil exporters. The Canadian dollar CAD/USD, +0.0788% rose to 78.74 U.S. cents late Wednesday … More Equities continue to advance . .
Crude oil fell for a fifth day and the euro strengthened before Vienna meetings of OPEC and the European Central Bank. U.S. crude traded below $49 a barrel. The euro climbed to a one-week high ahead of an ECB policy review, while the British pound firmed following its steepest two-day loss since March. Saudi Arabia … More Next meeting for the Organization of the Petroleum countries..