European Stocks Rise as Turkish Lira Rebounds After Failed Coup
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Top Headlines European Stocks Rise as Turkish Lira Rebounds After Failed Coup – Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, with the lira leading a rebound in emerging-market currencies and stocks gaining ground in Europe and Asia. Haven assets including the yen, gold and U.S. Treasuries fell. |
Truck attacker plows into French crowd, kills 84 celebrating Bastille Day
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Truck attacker plows into French crowd, kills 84 celebrating Bastille Day – Reuters
A gunman at the wheel of a heavy truck plowed into crowds celebrating Bastille Day in the French city of Nice, killing at least 84 people and injuring scores more in what President Francois Hollande called a terrorist act.
- France in Shock as More Than 80 Killed in Terror Attack in Nice – Bloomberg
- Terror Attack in Nice on Bastille Day Kills Dozens – WSJ [subscription]
- Nice attack: France mourns after 84 killed in Bastille Day atrocity – The Guardian
- Nice attack: Who was the killer? – BBC
- Who is the Nice terror attack suspect? Everything we know so far about Mohamed Lahouaiej Bouhlel – The Telegraph
Britain’s new PM May gives Johnson big job, says needs time before Brexit talks
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Britain’s new PM May gives Johnson big job, says needs time before Brexit talks – Reuters
Theresa May became Britain’s prime minister on Wednesday with the task of leading it out of the European Union, and quickly named leading ‘Brexit’ supporters including former London mayor Boris Johnson to key positions in her new government.
China Vows to Protect South China Sea Sovereignty, Manila Upbeat
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China vows to protect South China Sea sovereignty, Manila upbeat – Reuters
China vowed to take all necessary measures to protect its sovereignty over the South China Sea and said it had the right to set up an air defense zone, after rejecting an international tribunal’s ruling denying its claims to the energy-rich waters.
Theresa May to Become New PM After Tory Rival Leadsom Withdraws
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Top Headlines Theresa May to Become New PM After Tory Rival Leadsom Withdraws – The Guardian Theresa May will become Britain’s second female prime minister on Wednesday, a rapid ascent to the premiership that came after her sole remaining challenger suddenly withdrew from the leadership race. |
Yen slips as Tokyo stocks jump on renewed Abenomics hopes
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Yen slips as Tokyo stocks jump on renewed Abenomics hopes – Reuters
The yen fell by well over 1 percent against the dollar on Monday as Japan’s stocks jumped, after the country’s ruling coalition won a landslide victory in upper house elections, boosting hopes for more monetary stimulus.
- Japan’s ruling bloc wins landslide in upper house election – Reuters
- Election strengthens LDP as opposition flounders; Abe says talks to begin on constitutional revision – The Japan Times
- Abe easily wins Japan upper house election but more fiscal stimulus is needed to prop up economy – CNBC Read More
Post-Brexit Wreckage Spawns M&A Bargain Hunters, Pound Evacuees
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Post-Brexit Wreckage Spawns M&A Bargain Hunters, Pound Evacuees – Bloomberg
Tourists aren’t the only ones flocking to Britain for bargains.
In the wake of the country’s June 23 vote to leave the European Union, the U.K.’s stocks and currency dropped, presenting an attractive prospect to global buyers looking for cheap assets and giving local businesses an incentive to reduce their exposure at home.
- Sajid Javid to start round the world trade tour to secure British deals – The Daily Telegraph
- UK consumer confidence in sharpest drop in decades amid recession fears – CNBC
- Conservative leadership election: Theresa May and Andrea Leadsom begin the battle to replace David Cameron as leader – The Daily Telegraph
- For British exporters, weak pound may not offset Brexit turbulence – Reuters
Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started
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Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started – Bloomberg
The pound’s plunge isn’t over yet, according to three of the world’s top currency traders.
Liquidity an Issue Again in Further Cable Collapse
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Liquidity an Issue Again in Further Cable Collapse – Profit & Loss [subscription]
Liquidity in FX markets is again a hot topic following a sharp move lower by Cable in Asian trading.
Pound Tumbles to 31-Year Low as Selloff Resumes Before Carney
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Pound Tumbles to 31-Year Low as Selloff Resumes Before Carney – Bloomberg
The pound fell to its lowest level in three decades against the dollar, exceeding levels reached in the aftermath of Britain’s vote to leave the European Union.
- Five-Year Gilt Sale Faces Brexit Test – Financial Times (subscription)
- The first signs of post-Brexit financial stress: property fund suspended – The Economist (subscription)
- Seeking a Win-Win Outcome After Brexit for Financial Services – Financial Times (subscription)
- Pessimism among UK businesses almost doubles after EU vote: survey – Reuters
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