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GLOBAL ECONOMY LOOKS TO GAIN TRACTION


Following Britain’s shock exit from the European Union, the global market was thrown into panic mode. Over $3 trillion worth of stocks disappeared overnight, and countries scrambled to gain stability in what was sure to become an environment of uncertainty. However, with enough space from the time of Britain’s departure, the global market is looking to get back on track. The past four days have shown an upward swing for European stocks, as well as a rebound for the generally safe yen. The easing of political tensions has opened up investors’ willingness to take risks. One of the main concerns following Brexit was who would take the reins. That fear was allayed on Monday, as interior minister Theresa May was introduced as David Cameron’s successor. Cameron is expected to step down Wednesday, bring a sense of calm to a field that has been fraught with mystery and instability.

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#Brexit #DavidCameron #TheresaMay

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