FinSentS Weekly Recap

Weekly Review of Headlines
● Fitch: Brexit Result Broadly Credit Negative for Most UK Sectors

The “Leave” result in the UK referendum on membership of the European Union is credit negative for most sectors in the UK, due to weaker medium-term growth and investment prospects and uncertainty about future trade arrangements, Fitch Ratings says…Read More

● Britain’s financial sector reels after Brexit bombshell – Rtrs

Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance…Read More

● BoE: Will ‘Take All Necessary Steps’ On Brexit – MarketWatch

The Bank of England said it is working with other central banks to preserve the stability of the financial system as markets swooned following the U.K.’s decision to exit the European Union.

● BoJ’s Nakaso Says Ready To Ease If Needed, Watching Risks – Yahoo

On the British vote to leave the European Union, Nakaso said the BOJ will work closely with domestic and overseas authorities and ensure that steps are taken to stabilise markets, including through using existing swap arrangements with other central banks.

● Sterling Plunges To 31-Year Low, Biggest Ever Fall, As UK Votes For Brexit – RTRS

Sterling plunged to its lowest in three decades and the value of London’s big banks sank by the most since the 2008 financial crisis as Britain’s shock vote to leave the European Union triggered turmoil on global financial markets on Friday.

● Yuan Plunges to 5.5-Yr Low as UK Quits EU – WBP

China’s onshore yuan plunged to its weakest level against the dollar in more than five years on Friday, amid a massive market reaction sparked by Britain’s vote to leave the European Union.

● German bond yields hit new low after Brexit vote – Rtrs

Benchmark 10-year euro zone sovereign bond yields fell to a fresh record low below zero on Friday as investors rushed to the safety of German government debt after Britain’s dramatic and historic decision to leave the European Union.

● Crude slammed as UK votes to Brexit – MW

Oil futures dropped nearly 5% on Friday to their lowest level in about a week, after the U.K.’s vote to leave the European Union in a nationwide referendum triggered a selloff across markets.

● Gold Sees Biggest Gain Since 2008 In Rush For Havens From Brexit – BBG

Gold surged the most since the height of the 2008 global financial crisis after the U.K. voted to exit the European Union, causing turmoil across markets and boosting haven demand.

● Shocking Brexit Vote Sets US Stocks Up For Ugly Open – MarketWatch

U.S. stocks plunged Friday, closing slightly above session lows, a day after U.K. citizens voted to end the country’s membership in the European Union—a historic rejection of Europe’s political order.

 

Stock Information
● $3

HK China stocks fall, Hong Kong flat as investors brace for Brexit vote #HONG KONG & CHINA GAS CO LTD #HSI50 More Details

● $SPAR

US Spartan Motors Inc (SPAR) Shares Down 8.1% #SPARTAN MOTORS INC #NASDAQ More Details

● $BATS

LN KLCI down 0.36% as Brexit batter world markets #BAT-BRITISH AMER TOBACCO PLC #LDN100 More Details

● $EHTH

US James E. Flynn Sells 178,454 Shares of eHealth, Inc. (EHTH) Stock #EHEALTH INC #NASDAQ More Details

● $WOS

LN Wolseley plc (WOS) Insider Purchases 22,512 in Stock #WOLSELEY PLC #LDN100 More Details

● $DBK

GR Adobe Systems Incorporated (ADBE) Stock Price Down 4.6% on Analyst Downgrade #DEUTSCHE BANK AG #STOXX600 More Details

● $GOOG

US Alphabet Inc (GOOGL) Sees Strong Trading Volume #GOOGLE INC #SP500More Details

● $UNA

NA Unilever (UN) Shares Gap Up to $44.33 #UNILEVER NV #STOXX600 More Details

● $QCOM

US Qualcomm sues Chinese phone maker over patents #QUALCOMM INC #SP500More Details

● $005930

KS Samsung, Huawei may go with own operating systems: reports #SAMSUNG ELECTRONICS CO LTD #APEX50 More Details

 

InfoTrie News
● Real-time Sentiment for You

The “Leave” result in the UK referendum on membership of the European Union is causing turbulence in financial markets. Stocks, FX, Commodities…

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