- UK votes to leave the European Union; sterling depreciates
- Political backlash from referendum result
- Pessimism in global equity markets following UK vote
- Fresh record lows for government bond yields
- Flight to safe-haven assets sees gold rally
Imperium Capital Publication
Viewpoint – June 2016
By far the most significant development in the month was the change in expectations for a US Federal Reserve (Fed) interest rate hike in 2016. During May the probability of a rate rise for the June and July meetings increased from 12.0% and 26.1% at the start of the month to 24.0% and 52.9% at month end.
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Weekly Digest – 19 June 2016
- Global equities fall despite a late week rally
- “Brexit” polls suggest that the Remain camp has regained momentum
- Central banks keep rates on hold, as bond yields reach historic lows
- Greece attains additional bailout funding
- Gold price rises amid broad commodity losses
Weekly Digest – 12 June 2016
- Poor week for developed market equities
- European government bond yields at record lows
- Sterling volatility peaks
- Mixed Eurozone production data
- Chinese trade surplus increases once more
Weekly Digest – 05 June 2016
- Polls suggest lead for “Brexit”
- US payrolls show a mere 38,000 jobs added
- Poor week for European equities, while bunds rally
- Gold ends its losing streak; rallies on Friday
- Oil reaches USD 50 per barrel