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Polls are open for Britain's historic referendum on Europe, and the weather...
Polling stations are opening for Britain’s historic referendum in which turnout is a crucial factor, and the nation’s capital is waking to appalling weather.Overnight thunderstorms and localised...
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Gold is tumbling
Gold is being slammed in early Asian trade on Friday, continuing to unwind as investors dump the perceived safe haven as fears over a UK Brexit continue to subside.In recent trade the spot gold price...
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HSBC'S SHARE PRICE IS PLUNGING
Shares in HSBC are crashing as it start to look increasingly likely that Britons have voted to leave the European Union.The share price of the bank, which is headquartered in the UK and has more than...
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German 10-year bond yields plunge back into negative territory
The flow of money into safe haven trades continues in early European trade with German 10-year Bunds tumbling to a new all-time low of -0.17% in the wake of Britain’s vote to leave the EU.That move was...
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MORGAN STANLEY: Brexit knock-on effect could wipe 0.5 points off global GDP
Some market commentary since Friday’s market cataclysm triggered by the result of the British referendum on Europe has focused on how assets have only re-adjusted to roughly the point they were before...
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BAML: The UK is heading for a recession and the Bank of England has limited...
One of the many significant moments on Friday in the hours after it emerged Britons had voted to leave the European Union was the statement from the Bank of England governor, Mark Carney.“As a...
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The pound is getting thumped again in Asian trade
The British pound is tumbling again on Monday, unwinding much of the recovery seen in the latter parts of Friday’s session.As at 10am AEST, GBP/USD buys 1.3438, having traded down to as low as 1.3369...
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Brexit hasn't caused another Lehman Brothers crisis — yet
Markets are in a funk in the wake of Britain’s vote to leave the EU.The British pound has collapsed to more than 30-year lows around $US1.32, global 10-year bonds are at all-time lows, and while stocks...
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China's economy is looking alright -- at least according to those who live there
While the rest of the world frets about the outlook for the Chinese economy, its citizens don’t share those pessimistic views.The latest Westpac-MNI China consumer sentiment index underlines this...
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ANZ: China is going to deliver stimulus following Brexit -- but don't expect...
The Brexit vote has come and gone, with the UK opting to leave the European Union.Following days of remarkable financial market volatility, akin to those seen at the height of the global financial...
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CHART: Brexit may be about to add to this depressing global trend
If there’s been a prominent, consistent theme in the years since the global financial crisis, it’s been underwhelming levels of global economic growth.This is no better demonstrated by the chart below...
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What could be next for global stocks, in one horrendous chart from UBS
The S&P 500 rallied 1.78% in trade Tuesday and in the process wiped away the big, Brexit-related fall of the previous day.But the technical team of Michael Riesner and Marc Muller at UBS says...
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There was a creepy fifth housemate lurking in cult TV show The Young Ones —...
This week, two major discoveries were made centred on things that have been hiding in plain sight all along.One was this enormous flat spot near the ancient Jordanian city of Petra. The other was in my...
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China's manufacturing sector was dead flat in June
Activity levels across China’s manufacturing sector held steady in June, continuing the theme of recent months.The latest manufacturing purchasing managers’ index (PMI) released by the National Bureau...
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Deflation is back in Japan, and it's only getting stronger
Deflationary pressures are intensifying in Japan, again.According to data released by the Japanese government on Friday, core CPI, that which excludes fresh food prices, fell by 0.4% in the 12 months...
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The Australian dollar is going nuts
The Australian dollar is closing in on US75c.Here’s the chart, via Finviz. It shows “the battler”, as it’s known, has popped through the market resistance it hit early this morning. As BI’s David Scutt...
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AUSTRALIAN VOTERS JUST PUT THE ENTIRE POLITICAL ESTABLISHMENT ON NOTICE
In considering the outcome of last night’s count in the federal election, it’s hard to get away from thinking about the opening scene of "The Hangover," in which Zach Galifianakis starts his day...
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Japanese monetary policy could be about to get really radical
Global markets, particularly in Japan, are in the midst of a full-on stimulus splurge at present.Japanese prime minister Haruhiko Kuroda just had a decisive victory in upper house elections, fought on...
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China's trade data for June offers few surprises
After an excruciating wait that lasted the entire Asian trading session, China’s trade data for June has offered few surprises.It’s weak, continuing the trend seen over the past two years.According to...
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Chinese crude oil imports are falling
China’s crude oil imports weakened in June, falling to 30.62 million tonnes, according to Chinese customs data released on Wednesday.That was down on the 32.24 million tonne figure of May, along with...
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