US markets closed fractionally lower (SPY -0.2%, DOW -0.3%) amid of investor uncertainty of the looming Brexit vote tomorrow. The 'exit polls' may show which way the vote is going to go BEFORE the US markets open and I expect a fair amount of trading volatility during the sessions ends.
Todays S&P 500 Chart
A new poll moderated expectations that Britain will vote to remain in the European Union and that could be VERY bullish for the US markets. It is also believed the markets have already priced in that expectation and could cause the US markets to tumble tomorrow.
WASHINGTON (Reuters) - A vote by Britons to leave the European Union on Thursday may not drag the United States into recession, but its effects on U.S. monetary policy, trade and corporate profits are causing concern in Washington D.C. and boardrooms alike.
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the "Brexit" vote in Britain over its membership in the European Union.
(Reuters) - Investors questioned a plan by Silicon Valley heavyweight Elon Musk for his electric car company Tesla Motors to buy his rooftop solar company SolarCity for up to $2.8 billion, sending Tesla's shares down more than 10 percent on concerns the two would not fit together and a deal would distract Tesla from making cars.
WASHINGTON (Reuters) - U.S. Supreme Court Justice Samuel Alito sold his shares in Exxon Mobil Corp worth up to $250,000 that had prompted him to step aside from cases involving the oil company, financial disclosure forms released on Wednesday showed.
NEW YORK (Reuters) - Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected U.S. inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union.
WASHINGTON (Reuters) - The U.S. Federal Aviation Administration said on Wednesday it is proposing $130,000 in civil fines against Amazon.com Inc for two new violations of shipping products that allegedly violated hazardous materials regulations.
WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday the U.S. economy was "overall in good shape," with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty.
LONDON (Reuters) - The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months.
The combination of low interest rates and "an explosion of debt" has become the biggest risk to the world's economies, according to the head of Canada's Global Risk Institute.
"These low interest rates could have the potential to be the next serious issue faced by countries and it's because debt is exploding everywhere," Richard Nesbitt, 60, chief executive officer of the group that researches risks to the financial industry, said Monday in an interview in Bloomberg's Toronto bureau.
"There's debt being piled upon debt being piled upon debt."
Since the middle of 2015, central bank balance sheet expansion has once again led to a collapse in sovereign bond yields, further encouraging global corporate debt to surge...
As the majors plunge into negative rates...
Global debt has climbed about 37 percent since the 2008 financial crisis, Nesbitt said, as central banks around the world ha ...
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