Financial markets continue to signal little to no unease over the spread of the delta variant in the latest manifestation of the global pandemic as the United Kingdom moves toward a wider reopening on July 19. Despite the public health risks around the variant, financial conditions imply rising risk ... READ MORE >
Brexit
The impact of Brexit on U.S. manufacturing companies
While Britain voted to leave the EU in 2016 and companies had about four years to prepare for the change, there was not much clarity on what Brexit would mean for companies until Dec. 24, 2020, when the post-Brexit trade deal—the UK-EU Trade and Cooperation Agreement—was finalized. Plenty of questions ... READ MORE >
RSM Brexit Stress Index update: Late summer upturn in risk
Brexit is the gift that keeps on giving. England and the European Union had agreed to an 11-month window ending Dec. 31 to produce what would normally take years of trade negotiations. If those talks were to fail in the remaining three months of the year, then the U.K. will face tariffs imposed by the ... READ MORE >
RSM Brexit Stress Index: Traders hedge their bets
One week into Brexit, the foreign exchange and fixed-income markets are showing signs of doubt and perhaps the beginning of a hedge on a bet that the government can quickly renegotiate its trade agreements with the world and that the British economy will be left better off. The RSM Brexit Stress Index ... READ MORE >
RSM Brexit Stress Index plunges as Johnson gains clear victory
Stress in the British financial markets plummeted as voters handed the Conservatives and Prime Minister Boris Johnson a clear victory on Thursday, signaling an end to years of gridlock over Brexit. The RSM Brexit Stress Index, which measures financial and economic risk surrounding Britain’s impending ... READ MORE >
RSM Brexit Stress Index eases as general election draws closer
Stress in the UK financial markets continued to ease as the general election draws closer. The RSM Brexit Stress Index, which measures financial and economic risk surrounding Britain’s impending departure from the European Union, closed the week at 0.29 standard deviations above normal levels of implied ... READ MORE >
RSM Brexit Stress Index eases on speculation of trade deal
Stress in the British financial markets eased during the week, as domestic political events took a back seat to global market pressure. The RSM Brexit Stress Index, which measures financial and economic risk surrounding Britain’s impending departure from the European Union, closed the week lower, at 0.67 ... READ MORE >
RSM Brexit Stress Index ends tumultuous week slightly higher
Stress in the financial markets pushed a bit higher during a tumultuous week that included the European Union granting an extension of the Brexit deadline to Jan. 31 and Parliament granting Prime Minister Boris Johnson’s wish for a December general election. The RSM Brexit Stress Index, which measures ... READ MORE >
RSM Brexit Stress Index eases after vote to delay Britain’s withdrawal from EU
Stress in the British financial markets continues to diminish along with the plausibility of the country extracting itself from the European Union common market by the Oct. 31 deadline. By Friday’s close, the RSM Brexit Stress Index, which measures financial-market stress surrounding Britain’s ... READ MORE >
RSM Brexit Stress Index eases as Johnson secures deal
Prime Minister Boris Johnson and the European Union reached a Brexit deal in last-minute talks on Thursday, giving reassurance to the foreign exchange market and a boost to the equity market. But its passage is far from assured, with several immediate hurdles still to be overcome, including what is ... READ MORE >