Here's your Economic Data/Event Calendar for today 27 June 2016 Greetings one and all. I hope everyone got a chance to get some rest after last week's tumultuous events. Data wise it's quiet one today but I have the feeling the market won't be...
PM Modi has announced his short-list for candidates to be next Reserve Bank of India governor 27 June 2016 3 economists, 1 banker Urjit Patel, Rakesh Mohan, Subir Gokarn, Arundhati Bhattacharya Modi keen to select RBI's first MPC with inputs from outgoing gov Rajan Rajan expected to join search c...
New Zealand PM John Key addressing a news conference 27 June 2016 NZ has work to do on trade arrangements Govt has had assurances that trade access won't change for now too early to tell how international finance markets and hence funding costs for local banks will be affected the RBNZ would says...
Kazuo Momma (was the BOJ's executive director overseeing international affairs, until May) It is shared G7, G20 understanding that countries can take various steps, including fx intervention, if necessary Cannot set in advance specific pace of FX moves that justify intervention Don't see need for...
China's PM Li Keqiang speaking: Global trade growth is weak Brexit has increased uncertainty in the global economy Structural reforms needed for global economic recovery More...
After the Brexit, we had a sharp fall of the pound with a significant bounce...
After Brexit won, we had huge volatility. However, it is far from over as scrambling continues around European capitals. And also for the pound things could get ugly...
Voting is now underway in Spain's latest General Election 26 June 2016 Spain heads back to the polling stations again today a result of last December's election failing to produce a stable government. Attempts by acting PM Rajoy and then the opposition parties have all been unsuccessful...
Scotland's First Minister Nicola Sturgeon says her parliament could block the UK's vote to Leave 26 June 2016 Sturgeon has just been speaking on BBC TV where she said "of course" she would ask MSPs to refuse to give there "legislative consent...
In a welcome break from all things Brexit here's the latest thoughts of our guest economist and eminent monetarist John Hearn 26 June 2016 As always we welcome your comments/questions...
The opposition Labour party is having problems of its own 26 June 2016 In the wake of PM Cameron resigning on Friday, although not stepping down just yet, and calls for finance minister Osborne to follow suit we now have Shadow Government unrest further to that which I posted on yesterday...
A post that isn't about Brexit, so I know it'll be read by no one. I can put in rude pics and everything and they'll be none the wiser...
The UK decided to leave the EU in a move that shocked global markets. This has wide implications beyond the shores of the UK and the EU. It could even tip the world into a recession. There are many open questions after the UK vote to leave...
UK's EU Commissioner Hill has announced he will stand down 25 June 2016 does not believe it was right for him to carry on with his work as the commissioner in charge of financial services. will stay on for a period of weeks to ensure an orderly handover...
The Brexit referendum was always going to be a game changer whatever the result 24 June 2016 Be careful what you wish for they say, as indeed did I, and I had warned in other pieces too that whatever the outcome the UK landscape would never be the same again...
Data for the week ended June 21. Like its of any relevance...
Downing Street have released Cameron's 'I am stepping down' speech in full Gracious and stylish, I reckon...
Fallout ... geddit? (I'll get my coat) Unofficial closing levels after the biggest drop in about 10 months for US stocks (or thereabouts) S&P500 down 76.26 points (-3.6%) Dow Jones down 608.44 points (-3.38% NASDAQ down 203.39 points (-4.12%) ... biggest fall since 2011 for this one...
How far will the pound fall (and other currencies) SocGen sees 1.20-1.25 We continue to look for GBP/USD to trade around a 1.30-1.35 range for now (i.e. a little lower than here) and eventually, towards 1.20-1.25...
European stock market close 24 June 2016 The FTSE has shown a bit of gumption compared to its newly divorced partners. I don't think many would have thought about it only closing down 2.8% on the day, and it finished up on the week to boot. That's a potentially very bullish signal...
