Brexit continues to shock global markets
Global markets are still feeling the ripple effect of the United Kingdom’s vote to leave the European Union.
More losses will be in store for U.S. indices. European stocks are falling, with the FTSE, DAX, and CAC all trading lower. However, some Asian markets moved higher. The Nikkei closed up after suffering an 8% loss on Friday. The Shanghai Composite was also a gainer, at nearly 1.5% on the plus side. In the currency markets, the British pound continues to sink, trading around $1.32. The Euro is hovering around $1.10. Crude oil is just slightly lower while gold is seeing a modest uptick. Some investors continue to seek the safety of bonds. The 10-year yield is now down to 1.48% as bonds rally. And for the first time ever, Britain's 10-year gilt yield is below 1%.
Check out legendary investor Jim Rogers, Chairman of Rogers Holdings has to say in the video above about how bad this will be for Britain, Europe and the entire global market.
