Skip to content Skip to footer

Is It The Beginning Of The End?

The global financial markets have been shocked and rattled resulting from EU referendum results favoring Britain’s “BREXIT.”

While the whole world pleads and speculated the UK to remain in the EU, the Britons had something else in mind.

The bad news continues to roll in, and markets across the globe are forced to adjust as uncertainty continues to grow. In an interview with the press, Prime Minister David Cameron announced he would resign, and Britain would need to find a new captain to lead the nation.

The whole world is trying to gauge the damage done, but it is far too early to predict how things will turn out for the UK. One thing is for sure: Britain will be feeling the effect of their decision for years to come.

Following the UK referendum, other nations are beginning to pursue a similar path. Scotland has been clamoring for its independence, while Republicans called for a referendum on Irish unification. According to a paper from the German finance ministry, France, the Netherlands, Austria, Finland, and Hungary could all follow Britain out of the EU considering a series of anti-Brussels rebellions.

Contents

Hodor…Hodor

As it is still too early to forecast predictions on who will stay in the EU and who will not, Britain’s move may just be the catalyst for referendums to come and has prompted a new conversation on sovereign nation-state independence. Only time will tell when these events will occur.

Most of the news channels are focusing on the European market, but the Asian market is showing signs of distress as well.

     
Asia
Nikkei 225 (Jun 24) 14952.02 -1286.33
Straits Times (Jun 24) 2734.97 -58.88
Hang Seng (Jun 24) 20259.13 -609.21
Taiwan Index (Jun 24) 8476.99 -199.69
KOSPI (Jun 24) 1925.24 -61.47
Shanghai Composite (Jun 24) 2853.63 -38.33

Indian markets printed a low. NIFTY is down 220 points, and SENSEX is down 700 points when this article was written. In a recent press interview, RBI Governor Raghuram Rajan promised liquidity to absorb the shock on the currency market.

Chasing the gold: As the uncertainty across markets persists, the hunt for Gold has begun. Gold rallied from 1250 to 1358 favoring strength for upward-trending direction.

No matter what the future holds for the UK, it is evident that The European Union has to hold the door for other nations to help prevent a domino type effect and potentially other greater disaster for the EU.

Ashutosh Gedamkar

Account Manager India
agedamkar@tvmarkets.com

Show CommentsClose Comments

Leave a comment

0.0/5

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 4th Floor Harbour Place 103 South Church St, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com