Brexit Steals the Headlines (News: 24/06/16)
Today’s Press
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Dow Jones Industrial Average In Free Fall After Brexit Vote Rocks Global Financial Markets
The Dow Jones Industrial Average was down over 448 points, or 2 percent, in morning trading, having tumbled more than 500 points in the first 10 minutes of trading. Other major stock indexes plunged, including the broader Standard & Poor”s 500 stock index, which slumped 53 points, or 2 percent. The Nasdaq composite, which includes many tech names, tumbled 145 points, or 3 percent.
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The ‘Brexit’ Result Signals That the System Is Broken
The British have voted to leave the European Union, pummeling financial markets and setting the stage for months, if not years, of economic uncertainty. British Prime Minister Cameron, who set the drama into motion four years ago by promising a Brexit vote, has resigned.
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A week ago, bitcoin had surpassed the $700 mark, and the headlines were giddy with excitement about how high bitcoin could go, marking bitcoin”s biggest break since Nov. 2013.
Next Trading Day’s Important Events
- 16:45 (GMT+3) Markit PMI
Forex Quotes:
- USDJPY: 102.30
- EURUSD: 1.1075
Indices:
- S&P 500: 2,056.40
- NASDAQ : 4,764.69