Brexit

Brexit

Asia-Pacific economies face ‘financial spillovers’ from Brexit shock: Scotiabank

SINGAPORE (June 28): The largest impact on Asia-Pacific economies will come through the massive confidence shock triggered by Brexit, which will spill over to the Asian real economy and cause output growth to slow, says Scotiabank.

Crude Oil

DBS says Brexit decision to weigh on oil price in near-term

SINGAPORE (June 28): Risk-off sentiment resulting from the Brexit decision is likely to continue to weigh on oil prices, making it it more difficult for oil to trade sustainably above the US$50/bbl level in the near-term, says DBS in a Monday report.

Oxley Holdings says GBP exposure ‘limited’

SINGAPORE (June 28): Oxley Holdings on Monday night said it expects limited impact from the currency conversion from Sterling pound (GBP) to Singdollar (SGD).

Brexit

7 ways Brexit will stir markets in the years to come: BNP Paribas

SINGAPORE (June 28): BNP Paribas’ economic research department has revised its forecasts down by about 0.3pp this year and almost 1.5pp for 2017, with additional expectations of 2018 growth to be “marginally lower than previously assumed”, as the le

Brexit

Gold gains as investors seek refuge after Brexit vote

NEW YORK (June 28): Gold rose on Monday, staying close to the more than two-year high hit on Friday, as uncertainty over Britain's vote to leave the European Union pushed investors to sell equities and seek safer assets.
Barclays

Brexit

Barclays, RBS hit post-crisis lows on banks’ Brexit plunge

(June 27): Barclays Plc and Royal Bank of Scotland Group Plc had their shares halted as the banks plunged to the lowest level since the financial crisis, accelerating declines after the UK’s vote to leave the European Union sparked fears about political
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