Google fined $2.7B by EU
FBN’s Cheryl Casone and Lauren Simonetti on EU’s record antitrust fine against Google.
EU
GBPUSD Still Faces Significant Brexit-Related Risks
After a 300-pip rally on Tuesday, the GBPUSD is unsurprisingly taking a breather today. Tuesday’s upsurge came on the back of news Theresa May called for a snap general election.
Brexit – Pound Surges On High Court Ruling re Article 50
Forget the Bank of England meeting today, it is all about politics as far as the pound is concerned.
Gold On Shaky Footing
Gold and silver have started the new trading week, month and quarter on the back foot today. At the time of this writing, gold was trading at $1312 and silver was below $19.00 per troy ounce once again.
Brexit-Hit Pound Stages Modest Rebound On Manufacturing Surprise
News that the UK manufacturing activity in September hit its highest level since June 2014 has provided a welcome relief for sterling.
Sterling Surges As Resilience Of UK Economy Continues To Surprise (GBPJPY)
The pound took a pounding in the lead up to and aftermath of the June 23 EU referendum. But in recent weeks, it has staged a remarkable recovery, even though the Bank of England has decided to cut interest rates to near zero and restarted QE.
GBPUSD Shows Signs Of Life
The GBPUSD ended higher last week on the back of surprisingly stronger-than-expected UK economic data and as the dollar eased along with expectations about an imminent rate hike in the US.
Brexit Vote’s Potential Market Implications
Published on Jun 21, 2016 S&P Capital IQ U.S. Equity Strategist Sam Stovall on the market impact of the Federal Reserve and Britain’s vote on whether to remain in the EU.
Brent Below $109 On Hopes Of A Solution In Ukraine
Brent crude oil (BNO, quote) slipped below $109 to $108.58 at 5:50 GMT on Tuesday morning as investors put their faith in a meeting set to take place on Thursday between the US, the EU, Russia (RSX, quote) and Ukraine.
3 Ways Cyprus is a ‘Game Changer’ for Europe
With strong words to support the Euro, Mario Draghi, the European Central Bank President, quelled fears over the future of the Eurozone. However, the bailout negotiations in Cyprus revealed cracks in this ‘floor’ supporting the region and markets. A ‘Banking Union’ has been undermined, imbalances within the region magnified and individual systematic risk returned.