Despite the public health risks around the delta variant, financial conditions imply rising risk appetite and are supportive of growth as the economy enters the third quarter of 2021. … READ MORE >
Brexit
The impact of Brexit on U.S. manufacturing companies
Plenty of questions remain about what the specific impacts of the UK-EU Trade and Cooperation Agreement will be, but some aspects – such as value-added tax and customs implications – have come into clearer focus in 2021. … READ MORE >
RSM Brexit Stress Index update: Late summer upturn in risk
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, then England will face tariffs imposed by the E.U., its largest trading partner, once it is pushed out. … 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. … 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 years of gridlock over Brexit … READ MORE >
RSM Brexit Stress Index eases as general election draws closer
The RSM Brexit Stress Index closed the week at 0.29 standard deviations above normal levels of implied stress. It marked the lowest level of risk in what seems like an eternity since former Prime Minister Theresa May stepped down and current PM Boris Johnson moved in. … 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 closed the week lower, at 0.67 standard deviations above normal levels of implied risk, down 0.14 from last week’s close at 0.81 standard deviations. … READ MORE >
RSM Brexit Stress Index ends tumultuous week slightly higher
The financial markets priced in a bit more volatility and risk to the enduring Brexit saga. … 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. … 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 last minute boost to the equity market. But its passage is far from assured, with several immediate hurdles still to be overcome, including what is expected to be a close vote in Parliament on Saturday. … READ MORE >