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

Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

Retailers Could Transform The Market Scenario Into Smart Shopping Experience For The Consumers With The Cloud

A Way To Unlock Wannacry Without Ransom Found By French Researchers

China to introduce face recognition payment system

Clues To Ransomware Worm's Lingering Risks Found By Security Experts

Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience

Through XFi Launch, Comcast Moves Closer To Home Connectivity

World Politics

World & Politics

Trump to speak for America's dominance in the energy sector

U.S. Official Says Russians Targeted 21 Election Systems

The Britain’s Prime Minister To Bring Down Corporate Tax To Draw More Investments In The Country

Record 65.6 million people were displaced in 2016

Are millionaires preparing for an apocalypse?

EU says goodbye to mobile roaming charges

Denmark loses interest to electric cars

Global Airlines Conference Agenda To Accord Importance To Fresh Safety Concerns