By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Five stocks to watch following the Brexit market meltdown

June 30, 2016

The UK’s stock market has quickly and efficiently established a pecking order in the wake of the EU referendum vote. Low-volatility stocks, defensives and dollar earners have generally done well, or at least much less badly, than cyclicals and, domestic plays such as retailers, banks and house builders. In addition, gold and silver miners have performed extremely [...]
Deutsche Bank and Santander fail US banking stress tests

June 30, 2016

Santander and Deutsche Bank have failed the US Federal Reserve's stress tests, in another blow to the global banking sector. The central bank's comprehensive capital analysis and review programme, which measures how well lenders would perform in a range of different scenarios, found the banks lacked necessary internal controls and were worried about their risk management [...]
The petition for a second EU referendum just passed four million signatures

June 29, 2016

The petition calling for the UK to hold a second referendum on EU membership has now received more than four million signatures, as the frustration of Remain supporters at the result of Thursday's vote grows. After storming past the 100,000 threshold on Friday, the petition must now be considered for a vote in parliament. Interest in the petition [...]
Relief rally remains as Brexit sell-off reverses

June 29, 2016

The FTSE 100 has bounced back from the post-referendum crisis with another strong open, rising 2.4 per cent today. Every single company rose higher in the first minutes of trading, as investors return to downtrodden stocks and the appetite for risks returns. The index stood at 6,286 – just 50points shy of where it closed [...]
Despite market turmoil, analysts say a liberal Brexit could be a boon for UK economy

June 29, 2016

The financial markets have over-reacted to the UK's vote to leave the EU because those buying-and-selling cannot remember the positive effect of leaving the Exchange Rate Mechanism (ERM) in 1992, an asset manager has said. In an upbeat outlook on how well the UK can perform now it has begun the process of severing ties [...]
European leaders send David Cameron home to discuss Brexit

June 29, 2016

European leaders are having their first full meeting as a bloc without the United Kingdom today following the EU referendum. David Cameron addressed the 27 heads of state and top European officials over dinner yesterday evening, expressing his regret at the terms of the vote and – for good measure – delivering another ultimatum over [...]
Borrowing reached an 11-year high before the EU referendum

June 29, 2016

Lending to British households grew at its fastest pace in a decade in the run up to the EU referendum, new figures from the Bank of England have shown. Consumer credit – a measure of loans and credit card debt, but not mortgages – grew by 9.9 per cent in the year to May, the fastest [...]
Now even Thomas Piketty has quit as an adviser to Jeremy Corbyn

June 29, 2016

Thomas Piketty, one the world's most famous left-wing economists and inequality campaigners, has left his position as an adviser to Labour leader Jeremy Corbyn. Piketty, who shot to worldwide fame in 2013 with his highly-cited, less-often-read treatise on inequality, "Capital in the Twenty-First Century", was a member of Corbyn's economic advisory council, but has stepped down and attacked [...]
Should investors be buying shares in Brexit-battered housebuilders?

June 29, 2016

Despite something of a recovery on the stock markets in recent days, some sectors out there are still looking pretty rough. Housebuilders are among them. So bad was the post-referendum sell-off, trading in FTSE 100 listed firms was temporarily suspended on Monday as their share prices were hit by two consecutive days of double-digit falls. [...]
Bloomberg economists poll: Recession, here we come

June 29, 2016

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By: Jake Cordell

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