They bankrupt the world didn't they?
Brexit is completely meaningless in the markets!
June 29, 2016
By Patrick Graham
European and Asian stock markets (click here) built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus.
UK and European banks, a center of concern since Britain shocked global financial markets on Friday by voting to leave the European Union, were broadly higher, extending a recovery from two days of trading which knocked almost 40 percent off Barclays and RBS.
Sterling and the euro, the other big victims on Friday and Monday, gained around 0.4 percent respectively against the dollar. That put the pound 2 cents off Monday's 31-year lows after falling some 18 cents from Thursday night.
Stock markets in Frankfurt, Paris and London all gained more than 1.5 percent in early deals .FTEU3 while the pan-European index of major banks was up 3 percent. .SX7E
Traders say the better mood was part the result of a swing in expectations towards easier monetary policy over the next six months, and part hopes that Britain will remain closely integrated with Europe whatever deal is done....
June 29, 2016
By Patrick Graham
European and Asian stock markets (click here) built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus.
UK and European banks, a center of concern since Britain shocked global financial markets on Friday by voting to leave the European Union, were broadly higher, extending a recovery from two days of trading which knocked almost 40 percent off Barclays and RBS.
Sterling and the euro, the other big victims on Friday and Monday, gained around 0.4 percent respectively against the dollar. That put the pound 2 cents off Monday's 31-year lows after falling some 18 cents from Thursday night.
Stock markets in Frankfurt, Paris and London all gained more than 1.5 percent in early deals .FTEU3 while the pan-European index of major banks was up 3 percent. .SX7E
Traders say the better mood was part the result of a swing in expectations towards easier monetary policy over the next six months, and part hopes that Britain will remain closely integrated with Europe whatever deal is done....
