Daily Management Review

Brexit Fallout – BlackRock’s top investment strategist says Sterling could weaken further


06/24/2016


Confusions reigns in financial markets as a fallout of Brexit. Investors seen dumping assets even those that are not related to Brexit – such as U.S. stocks and bonds from emerging markets.



As per Ewen Cameron Watt, a top investment strategist at BlackRock Inc -the world’s largest asset manager with $4.7 trillion under management, even if the British pound were to enjoy a brief rebound its general trend, in the wake of Brexit, is likely to be downwards in the course of the next six months.
He clarified that as a fallout of Britain’s referendum, investors have been selling assets indiscriminately: even assets which are not related to the referendum, including U.S. stocks and quality government debt from emerging markets are reeling under selling pressures.





References:
http://www.reuters.com/ 







Science & Technology

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

SEC’s EDGAR database vulnerable to cyber threats

Research Says The Risk Of Severe Turbulence On Planes Will Increase Due To Climate Change

Barclays and CLS Group aim to replace SWIFT with blockchain

Designing Of Cars Being Done With Hologram Goggles At Ford

The Already Surging Cyber Attacks Are Set To Rise Even Further, Says A Study

Chinese to equip smartphones with OLED displays

World Politics

World & Politics

Scholar Says Political Appointees Not As Important As Financial Ones In China For The Economy

An Expected Change In Brussels Could Be Crucial For The Euro Zone

Destroying People Who Wouldn't Help One Of His Bankrupt Businesses Was All Trump Talked About When He Met Him In 1990s: Branson

Russia Is Worried About America’s Unpredictability

No oil contracts with Iraqi Kurdistan: Iraq’s oil ministry

Donald Trump lost $ 600 million during his presidency

Britain puts its weight behind Europe in the battle between Boeing and Bombardier

EU hopes to keep the Iran nuclear deal afloat