Sunday, June 26, 2016

Brexit impact: Markets plunge, plummet, tumble, nosedive and more


  • Gold posts biggest rally since 2008 on shock Brexit vote, Gold soared as much as 8%
  • Crude oil prices slammed after Britain votes to leave EU, Oil prices slipped back by around 4%.
  • The Dow closed down 611 points, 3.4%
  • The Nikkei Stock Average closed down 7.9%, its steepest one-day loss for five years.
  • Hong Kong-listed shares in British banks HSBC PLC and Standard Chartered PLC dropped by 6.6% and 9.5% respectively, leading the Hang Seng Index down 2.9%.
  • The benchmark FTSE 100 fell 3.7% to 6,106.47, although it had been down by as much as 8.7% as it hit an intraday low of 5,786.74. The blue-chips index was moving toward its largest daily percentage loss since March 2009
  • The British pound was the biggest casualty, dropping to its lowest level in more than 30 years against the U.S. dollar. 
  • Ringgit pares biggest drop since 1998 as investors digest Brexit
After Brexit, What Next?
  1. Waiting for regulators to formally announce the extension of the Hong Kong-Shanghai Stock Connect trading link to Shenzhen, with many market participants expecting the official green light in July.  What can we trade:  Mini Hang Seng futures, Mini H-Shares Index futures, FTSE China A50 futures
  2. FOMC meeting july 26-27 : What can we trade:  Mini Hang Seng futures, Mini Dow futures, E-Micro Gold,Soybeans/Soybean Oil futures FKLI futures, FCPO futures
  3. United States presidential election, 8 November 2016. What can we trade:  Mini Hang Seng futures, Mini Dow futures, E-Micro Gold futures, FKLI futures, FCPO futures

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