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Friday, June 24

24th Jun - Leave won - market turmoil

Previously on MoreLiver’s:

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TLTRO2: No game changer from ECBNordea

Vote to have wide repercussions, changes economic & market scenarios – Pictet
UK votes to Leave the European Union – now is a time for calm – Open Europe
How Britain will leave the EU – Politico
Revenge Would Be the Wrong EU Response to U.K. Exit – View / BB
Jakobsen: How a Brexit will play out – TF
O’Rourke: Divided Britain delivers damning EU verdict – TF
Anticipating the central banks – FT
Fear, Loathing and a Brutal Murder: How the Brexit Vote Unfolded – BB
What Now? Brexit Win Sets Stage for Two Years of Bitter Talks – BB
Editorial: A Bad Day for Europe – BB
 Angela Merkel: Brexit is ‘watershed for Europe’
How to leave the EU? – Open Europe
It's Brexit - now what? Our guide to the next steps – Nordea

With a British adieu to EU, it's farewell to a Fed rate hike for now – Reuters

Danske DailyDanske Bank

Divided Kingdom * Leave is set to win with a four percentage lead * UK split between Scottish and Northern Irish Remain and English and Welsh leave win * Safe haven flows to dominate – US treasuries drop more than 25bp * GBP gets crushed. Back to 1985 level * Post-referendum webinar at 8.30 CET

Morning MarketsTF
The UK has voted to leave the European Union and offered a clear mandate to secessionists throughout the continent with the urge to exact their seething and frequently quite justifiable anger on an out-of-touch elite.

Daily Market Comment Marc Chandler
Brexit Sends Shock Waves Through Global Capital Markets,

Daily Press Summary Open Europe
UK votes to leave EU, prompting Cameron to resign * Tusk calls for “wider reflection” on future of EU * Spanish flag on Gibraltar “much closer than before”, Spain’s Foreign Minister says * Austrian Foreign Minister warns of “domino effect” from Brexit vote

Brussels PlaybookPolitico
Brexit earthquake has arrived

FX UpdateTF
The market suffered a train wreck as Remain expectations had reached full speed only to encounter a resounding Brexit vote. What next? The inevitable official response and intervention and whether the market feels it is enough to turn the tide.

From the FloorTF
Britain has voted to leave the European Union triggering a massive revaluation of global assets and leaving the world's major indices bleeding red ink. In Saxo bank chief economist Steen jakobsen's view this is for the best.

Korkman: "Britannia on ampunut itseään jalkaan erittäin ikävällä tavalla" – YLE
Risto E.J. Penttilä: Vaarana on koko EU:n hajoaminen – Verkkouutiset
Soini: Paljon on pielessä, kun näin merkittävä maa haluaa irti – YLE
Wahlroos: Ei syytä huoleen, britt todennäköisesti Etaan – HS
Sauli Niinistö: Ajatus EU:n ikuisuudesta ei enää päde – Verkkouutiset