After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Market mayhem: US stocks plunge at the open, dragged down by financials as Goldman Sachs’ share price falls to three year lows June 27, 2016 US stocks have tripped at the open, following mounting loses across Europe as the reality of last week's Brexit vote sets in. The major US markets have extended a sharp sell off from Friday as investors worry over the global implications of the UK's vote to leave the European Union, despite the best efforts of senior [...]
UK bond yields fall to a new record low, despite looming debt downgrades June 27, 2016 Borrowing costs for the UK government have dropped to their lowest on record as investors flock to the safe haven of government debt in the midst of Brexit uncertainty. Yields on the benchmark 10-year Treasury bonds plunged to 0.94 per cent, down an unprecedented 0.14 percentage points – or 14 basis points – since yesterday. It is [...]
Markets are pricing in a “significant chance” of the Bank of England introducing negative interest rates June 27, 2016 Markets are pricing in a 15 per cent chance of the Bank of England slashing interest rates below zero as financial markets continue to wobble after the UK's historic vote to leave the EU last week. As trading was suspended on banking shares after another day of double-digit falls, the market outlook on the future path [...]
The Bank of England could cut its rates after vote for Brexit, according to Bank of America Merrill Lynch as it warns of imminent recession June 26, 2016 The Bank of England could be about to cut interest rates following the vote for the UK to quit the European Union. Experts at some of the world’s biggest banks have lined up say they’re expecting the Bank to ease further over rates at its next monetary policy meeting in July, and potentially restart quantitative easing [...]
Set out a real plan for Brexit – and prepare for fiscal stimulus – to put a floor under business confidence June 26, 2016 With the EU referendum concluded, attention has already turned to defining what type of exit the government will pursue. Whatever view you hold on the merits of an exit from the EU, the exact economic impact is uncertain. This is mainly because “it” is not predetermined – there exist a range of views among Brexiteers. [...]
Nigel Farage questions whether Mark Carney should remain in his job as governor of the Bank of England June 26, 2016 Nigel Farage has questioned whether Mark Carney should be allowed to remain as governor of the Bank of England. The Ukip leader has accused Carney of not behaving in an "independent manner" during the run-up to the EU referendum. Read more: Farage calls for 23 June “independence day” bank holiday In the weeks leading up [...]
Sterling suffers historic crash as Brits back Brexit June 24, 2016 The pound has been haemorrhaging against the dollar as panic engulfs financial markets in reaction to the UK voting to leave the European Union. Sterling has racked up its worst daily fall on records that date back to 1971 — even uglier the collapse of Lehman Brothers and Black Wednesday. At one stage, the pound fell as low as $1.3224, a fall of more [...]
Brexit: Plummeting value of the pound could cause headache for Premier League clubs in the summer transfer market June 24, 2016 Premier League clubs are expected to rack up bigger transfer receipts than previously anticipated this summer, after a Brexit vote caused the value of the pound to tumble. Some teams could meanwhile be left vulnerable by failing to hedge against the risk of fluctuating markets. Sterling plummeted to a new low overnight as the UK voted to leave the European Union, falling 5.3 per [...]
EU referendum: IMF calls on UK and EU to play nicely during divorce proceedings June 24, 2016 The head of the International Monetary Fund (IMF) has urged the UK and the EU to reach an amicable divorce, as the fallout from the vote for Brexit ripples across the world. Christine Lagarde, who warned Brexit could trigger a recession, called on both sides to work together to reach a new settlement which helps [...]
Central banks around the world have moved to try and calm markets in the aftermath of Brexit June 24, 2016 As financial markets adjust to a post-Brexit world, central bankers are rushing to try and restore calm. The immediate reaction to the UK vote to leave the European Union was a harsh sell-off that in which the pound plummeted and markets around Europe followed their Asian counterparts sharply lower. The Bank of England governor Mark Carney has already said he will prop [...]