Welsh Reject EU

Welsh Reject EU, but Its Money Will Be Missed NEWPORT, Wales — David Adams co-owns a Welsh painting business. His leanings in the recent referendum to leave the European Union would seem obvious. Grants from the European Union have funded many of the projects he works on, including the former bank branch he was painting last week in this city in southern Wales. European Union funds also helped him hire apprentices, including his own son. And Wales gets back far more money from the European Union than it pays in. But many…

Gold Bulls In Control

Gold Bulls In Control After Brexit (GLD, PHYS) Gold surged after the Brexit referendum, posting a 2-year high, and could gain considerable ground in coming months. Meanwhile, gold funds are still struggling to clear the tops of rising channels put into place in February when momentum eased after the first round of the recovery rally. These stubborn resistance levels should give way to healthy trend advances, as early as this week. There are many ways to play the gold rally but traders often head straight to the worst choice: Vaneck Vectors Gold Miners ETF (GDX).…

Fears of UK economic slowdown

Services sector slump fans fears of UK economic slowdown PMI/Markit survey shows business activity at lowest level since February 2013 as EU referendum and global slowdown fears take hold A sharp slowdown in Britain’s vast services sector, which covers everything from banking to hotels, has fanned fears of UK economic slowdown, hurt by a downturn in global trade and jitters ahead of June’s knife-edge EU referendum. A closely watched survey of businesses in the UK’s biggest sector showed activity slumped in April to its slowest pace for more than three years. That…

TTIP bad excuse for Brexit

TTIP is a very bad excuse to vote for Brexit Barack Obama’s key message to Europe’s leaders last week was “let’s speed up TTIP”. The US-EU trade deal, formally called the Transatlantic Trade and Investment Partnership, has been mired in controversy on both sides of the Atlantic. The “free trade” agenda has become poison in the US primaries, forcing even pro-trade Hillary Clinton to re-examine TTIP. The next round of talks begin on Monday in New York and Obama is worried – unless serious progress is made in coming months, his trade legacy…