The United Kingdom’s decision to leave the European Union has thrown global markets into turmoil in recent days. Given the result was the opposite of market expectations, the knee-jerk response was understandable, though likely overstated Brexit’s global (and hence Australian) impact. That said, Brexit is potentially devastating for the UK over the near-term, and to the European Union over the longer-term. What’s more, the Brexit shock comes at a vulnerable time for global markets, given sluggish earnings growth and elevated equity market valuations. Visit our blog for the full article: (VIEW LINK)
Author, columnist and economist with over 25 years' experience in financial services. I develop economic insights and portfolio construction strategies for BetaShares' retail and adviser clients.