RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Brexit vote: Global sharemarkets lose trillions Sun Jun 26, 2016 12:39 am | |
| Global stock markets lost about $US2 trillion ($2.7 trillion) in value overnight after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds.
The blow to investor confidence and the uncertainty the vote has sparked could keep the Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks.
http://www.smh.com.au/business/markets/brexit-vote-global-shares-lose-trillions-overnight-20160624-gpro79.html |
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