Britain”s Treasury chief sought Monday to ease concerns about the vote to leave the European Union, saying the economy is as strong as it could be to face the uncertainty — even as a survey showed many companies are looking to move business out of the country.
Japan has stepped up threats to intervene to weaken the yen after Britain’s vote for “Brexit” drove the currency to multi-year highs, but the risks of a costly failure may dissuade policymakers from matching words with action.
Crude-oil prices turned sharply lower Monday, erasing modest early gains as investors shunned assets perceived as risky in the aftermath of the U.K.”s unexpected decision to leave the European Union.
Next Trading Day’s Important Events
- 11:00 (GMT+3) Draghi to Speak
- USDJPY: 101.65
- EURUSD: 1.1012
- S&P 500: 2,037.30
- NASDAQ : 4,707.98