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

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

World Politics

World & Politics

Cyprus Cobalt Air stopped flights

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems