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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Trading suspended on Nikkei 225 as shares plummet after UK votes for Brexit

June 24, 2016

Trading on the Japanese stock market was suspended this morning as the Nikkei 225 tumbled following the UK's vote to leave the European Union. The benchmark index dropped 8.3 per cent over night – dipping to its lowest level since the end of 2014 – as shares kept dropping as results from across the UK [...]
New car sales to drop 20 per cent in Brexit recession, analyst says

June 24, 2016

Demand for new cars could tumble by 20 per cent if the UK falls into a recession following the historic vote to leave the European Union. BNP Paribas warned economic downturns usually shrivel car sales by up to one fifth, in a market update after media organisations called the EU referendum for the Leave side. [...]
EU referendum: Markets gear up for overnight trading with a big day of gains

June 23, 2016

The 23 June has been circled in City diaries for the past four months. Holidays were cancelled and all-hands-on-deck was the general message sent from on high. But, they needn't have worried, really. The stock markets have taken the referendum in their stride, surging for the fifth consecutive day to put on another 1.2 per cent [...]
EU referendum: There may have been a record amount of betting on Brexit vote – but is it that impressive?

June 23, 2016

The EU referendum has caught the betting world by storm. After the failure of the pollsters at last year's general elections, politics watchers have been broadening their horizons to try to understand who has the edge in the campaign. Of course, the betting markets themselves move in response to opinion polls, but discussions about polling methodology, [...]
EU referendum: UK economy on course for investment boom once Brexit vote is done with

June 23, 2016

Around £6bn of investment in the UK economy has been delayed due to the EU referendum, with large portions set to come flooding back whatever the result of the vote. The Centre for Economics and Business Research (CEBR) calculated 70 per cent of the lost investment would rush back by the end of the year [...]
EU referendum: Banking stocks rule the roost as Brexit camp slips back

June 23, 2016

Banking stocks have stormed up the FTSE 100 today, as markets react as if we've already had the result of the EU referendum. The bluechip index charged higher in morning trading as a number of opinion polls released late last night and today showed the swing back towards Remain was holding right up until polling day. [...]
UK businesses could be caught out by EU market abuse and insider trading rules

June 23, 2016

UK companies are woefully unprepared for the next tranche of financial regulation from Brussels, coming into force in just two weeks, lawyers have warned. Magic circle outfit Linklaters said this week there is a widespread sense that firms do not have enough information and aren’t taking the necessary steps to get ready for the new [...]
EU referendum: What will individual company share prices do after the vote?

June 23, 2016

The stock market may have started today on a high, but nobody expects tomorrow's open to be quite so smooth. Whatever the vote, analysts are expecting movement. UBS warned 20 per cent could be wiped off the FTSE 100 in the event of a vote to leave – a move which would take the index down [...]
EU referendum: Markets cast their votes early as sterling and FTSE 100 rally as polls open

June 23, 2016

We may not know what the result of the referendum will be until the small hours, but the markets seem to understand which way the country is heading already. After polls last night showed a swing to Remain in the final days of campaigning, the pound rallied against the dollar, hitting its highest level of [...]
The definitive guide to EU referendum night: From what time local areas will declare results, to the most marginal areas and key moments to look out for

June 23, 2016

Ballot slips are being distributed, campaigning is about to end, and today, after the seemingly endless stream of televised debates, grandstanding speeches, claims, counter-claims and fact-checking, voting actually take place. Many across the country are preparing for a sleepless night. The polls opened at 7am and will close at 10pm, but the first results won't arrive until [...]

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By: Jake Cordell

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