Property News · June 19, 2016

Why US financial markets may not be immune to Brexit's ripple effects


US investors tend to forget that what happens abroad can take a toll on returns but there are plenty of reasons why the vote matters to US companiesThree, two, one … Panic! With less than a week to go before British citizens have to decide whether they want to remain part of the European Union, investors in the United States are finally waking up to the fact that the outcome of that Brexit vote will actually have an impact on already-struggling financial markets at home. True, whatever happens to the Standard & Poor’s 500 stock index on 23 June, in response to the vote results, probably will pale in comparison to either the sigh of relief or the ripples of panic that will flow through Europe’s financial markets. But this is the 21st century; in less time than it takes to blink, much less read these words, news travels from one corner of the globe to another, and hedge funds and other large investors will respond equally rapidly. Continue reading…

Source : theguardian.com
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