Brexit wipes $3tn off global shares in record rout – business live

Discussion in 'Market News' started by Lily, Jun 28, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    World markets have suffered their biggest two-day falls in history, as UK companies count the cost of the EU referendum

    7.37am BST

    Global stock markets have suffered their biggest two-day rout ever, thanks to Britain’s shock decision to vote to leave the EU.

    “Friday was seen as a U.K. – E.U. problem, with the U.S suffering some damage on the side lines – Monday’s global declines paint a more involved U.S. participation.”

    The bottom-line is we may still be in the knee-jerk reaction phase, but continued deterioration can feed on itself.”

    7.16am BST

    Good morning.

    Like the average England football fan this morning, the financial markets are in a gloomy and dejected mood.

    Related: UK loses triple-A credit rating after Brexit vote

    Sterling 30yr low against $, huge rise in hate crime, rush for Irish passports
    This is England
    Tomorrow's Guardian

    Our European opening calls:$FTSE 6045 up 63
    $DAX 9424 up 155
    $CAC 4052 up 68$IBEX 7798 up 152$MIB 15402 up 299

    Related: Brexit live: Cameron faces EU leaders for first time since vote to leave

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