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Britain's economy wilting fast after Brexit vote, may prompt more spending (news: 22/07/16)

Today's Press

  • U.S. stocks opened flat Friday, putting the main benchmarks on track to log their fourth straight weekly gain. A session earlier, the Dow industrials snapped a nine-session win streak — the index’s longest such streak since March 2013. On Friday, a barrage of earnings results drove individual stocks, while the broader market got a boost from better-than-expected earnings from companies like General Electric Co. , Whirlpool Corp. and Honeywell International Inc. . The Dow Jones Industrial Average added 10 points, or 0.1%, to 18,527, the S&P 500 index gained a point, or less than 0.1% at 2,166, while the Nasdaq Composite Index advanced 2 points, or less than 0.1%, to 5,076.

  • Britain's economy is shrinking, the broadest survey of business confidence since last month's historic vote to quit the European Union showed on Friday, leading finance minister Philip Hammond to pledge a loosening of purse strings if the weakness endures.

  • The all-items consumer-price index in June rose 1.5% from a year earlier, Statistics Canada said Friday, matching the previous month’s advance. Expectations were for a 1.4% gain, according to economists at Royal Bank of Canada.

Forex Quotes:

  • USDJPY: 105.94
  • EURUSD: 1.1016

Indices:

  • S&P 500: 2,165.10
  • NASDAQ : 5,074.75

 


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  • avatar-1029
    Moneylover
    • #

    So, as everyone noticed, Brexit was a really bad idea. I guess, it would be even worse.


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