The British electorate’s decision to leave the European Union in the June referendum has roiled markets worldwide. It has clouded prospects for the UK and world economies, and threatens the future of the European (...)
Brexit vote ignites equity market, currency and style factor risk
Not good. The result of Friday’s Brexit vote precipitated dramatic changes in equity and currency risk, driven by higher volatility and substantial changes in correlation.
Richard Turnill, BlackRock’s Global Chief Investment Strategist discusses how the British vote to exit the EU has spurred a flight to safety, potentially creating opportunities. According to its commentary, with most asset valuations looking fair to expensive, however, it’s (...)
Thursday’s historic “Leave” vote in the UK will have both immediate and long-term consequences for the global economy and financial markets.
The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a “Remain” victory leading up to the vote.
UK voters have chosen by a narrow margin to leave the European Union. The outcome of the UK vote is initially a major shock for markets, and could in the long run damage economic growth and cause more political risks. Brexit puts further pressure on risky assets, oil prices (...)