European Union

In print this week

Will Europe unravel?

SINGAPORE (Aug 1): Markets have rebounded since the UK voted to withdraw from the European Union on June 23, with the Standard & Poor’s 500 index and FTSE 100 touching 12-month highs and the pound sterling back above 1.30 versus the US dollar.

Brexit

Pound’s drop on Carney adds to slide that may soften Brexit blow

(July 1): The pound dropped after Bank of England Governor Mark Carney said the central bank may need to loosen monetary policy as it tries to contain the fallout from Britain’s decision to quit the European Union.
Toyota

Funds

Which Japan funds are buying opportunities?

SINGAPORE (June 28): Britain’s decision to exit the European Union saw Japan’s benchmark Nikkei index slumping 7.9% to February levels last Friday. Since then, the index has recovered some ground, gaining 2.5%. Should investors decide to jump into Jap
Singapore Exchange (SGX)

Brexit

SGX, Asian brokers hike trading margins on Brexit volatility fears

HONG KONG (June 23): Singapore Exchange said it has raised the amount of cash firms must pledge to cover trading positions due to an expected rise in market volatility linked to Britain’s vote on whether to exit the European Union.

Brexit

France warns Brexit would be irreversible, single market access at stake

PARIS (June 23): French President Francois Hollande warned on Wednesday that if Britons voted to leave the European Union it would be an irreversible decision that could seriously jeopardise Britain's prized access to the bloc's single market.

Brexit outcome doesn’t matter for traders, says KGI’s Nicholas Teo

SINGAPORE (June 21): “I don’t know” and “I don’t care”. These are Nicholas Teo’s answers when asked to make a call on the Brexit situation.

Hot Stock

ComfortDelGro shares gain for third straight day

SINGAPORE (June 21): ComfortDelGro rose as much as 0.7% to $2.75, gaining for the third straight day as investors bet that the UK will vote to stay in the European Union.
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