Brexit Market Impact

Britain must borrow an additional 122 billion pounds over five years as it exits the European Union, the public finances advisory body said Wednesday, forcing the government to shelve plans to balance the books by 2020.

Making sense of the foreign-exchange market is Derek Mumford's bread and butter, but he couldn't explain this.

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report warned on Tuesday.

There has been no fundamental slowdown in markets so far because of Britain's decision to leave the European Union, top officials from the financial services sector said on Wednesday.

Brexit is likely to impact global growth and capital flows, which will have implications on India's currency, trade and current account, says a survey of fixed-income investors in the country.

Indian homebuilders having exposure to the London property market are going to be impacted in near term from Britain's decision to leave the European Union, Fitch Ratings has said in a report on Tuesday.

OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices.

IT stocks have unperformed over the last one week and one month timeframes and have not participated in the rally that took the benchmark Nifty from sub-7,000 levels in February to 8,400 earlier this week. Notably, IT stocks have underperformed despite the depreciation in the rupee.

Oil prices were slightly higher after falling earlier in Asian trading on Wednesday amid the wider market turmoil set off by mounting concerns over the economic impact of Britain's vote to leave the European Union.

Borrowing costs in the euro zone rose for the first time in more than a week on Monday as investors took prices down to make room for some 20 billion euros of bond supply from the region this week, halting a post-Brexit slide in yields.

After racking up robust gains, the stock market may take a breather, with the possibility of some correction in a holiday-shortened week starting July 3, say experts.

Early signs show that last week's vote by Britain to leave the European Union has had no immediate impact on emerging market asset flows, the Institute of International Finance (IIF) said on Thursday.

Sensex rose over 200 points while Nifty closed above its crucial psychological levels of 8,200 on Wednesday with auto and retail sector shares gaining after the government approved a long-awaited pay hike for its employees, while sentiment was also boosted by a global relief rally as the immediate impact of Brexit began to fade.

Among the frontline Indian IT companies, TCS derives 14 per cent of its revenue in pound sterling. HCL Tech, Wipro and Tech Mahindra have 12-13 per cent exposure in pound while Infosys at 6.6 per cent.

Financial stocks led Wall Street sharply lower on Monday in the aftermath of a shock vote by Britons to leave the European Union.

Britain must borrow an additional 122 billion pounds over five years as it exits the European Union, the public finances advisory body said Wednesday, forcing the government to shelve plans to balance the books by 2020.

Making sense of the foreign-exchange market is Derek Mumford's bread and butter, but he couldn't explain this.

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report warned on Tuesday.

There has been no fundamental slowdown in markets so far because of Britain's decision to leave the European Union, top officials from the financial services sector said on Wednesday.

Brexit is likely to impact global growth and capital flows, which will have implications on India's currency, trade and current account, says a survey of fixed-income investors in the country.

Indian homebuilders having exposure to the London property market are going to be impacted in near term from Britain's decision to leave the European Union, Fitch Ratings has said in a report on Tuesday.

OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices.

IT stocks have unperformed over the last one week and one month timeframes and have not participated in the rally that took the benchmark Nifty from sub-7,000 levels in February to 8,400 earlier this week. Notably, IT stocks have underperformed despite the depreciation in the rupee.

Oil prices were slightly higher after falling earlier in Asian trading on Wednesday amid the wider market turmoil set off by mounting concerns over the economic impact of Britain's vote to leave the European Union.

Borrowing costs in the euro zone rose for the first time in more than a week on Monday as investors took prices down to make room for some 20 billion euros of bond supply from the region this week, halting a post-Brexit slide in yields.

After racking up robust gains, the stock market may take a breather, with the possibility of some correction in a holiday-shortened week starting July 3, say experts.

Early signs show that last week's vote by Britain to leave the European Union has had no immediate impact on emerging market asset flows, the Institute of International Finance (IIF) said on Thursday.

Sensex rose over 200 points while Nifty closed above its crucial psychological levels of 8,200 on Wednesday with auto and retail sector shares gaining after the government approved a long-awaited pay hike for its employees, while sentiment was also boosted by a global relief rally as the immediate impact of Brexit began to fade.

Among the frontline Indian IT companies, TCS derives 14 per cent of its revenue in pound sterling. HCL Tech, Wipro and Tech Mahindra have 12-13 per cent exposure in pound while Infosys at 6.6 per cent.

Financial stocks led Wall Street sharply lower on Monday in the aftermath of a shock vote by Britons to leave the European Union.