The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through June 24.
See READSUMS for previous lists.
1. Brexit Polls and Markets Disagree in Campaign’s Final Hour
(Bloomberg) -- Britain is in the final day of campaigning before its Thursday referendum on European Union membership, with opinion polls and financial markets at odds over the outcome.
2. Stocks Gain With Pound, Treasuries Drop as Brexit Concern Fades
(Bloomberg) -- Global equities had the biggest rally in three months, the pound strengthened the most since 2008 and Treasuries fell on signs the campaign for the U.K to stay in the European Union was gaining momentum before this week’s referendum.
3. U.K. Backs Brexit as Cameron Resigns After Historic Rupture
(Bloomberg) -- The U.K. voted to quit the European Union after more than four decades in a stunning rejection of the continent’s postwar political and economic order, prompting Prime Minister David Cameron to resign and sending shock waves around global markets.
4. Pound Strengthens, Yen Weakens as U.K. Seen Remaining in EU
(Bloomberg) -- The pound strengthened to the highest level this year while the yen weakened as early polls reinforced speculation the U.K. voted to remain in the European Union.
5. World Markets Roiled by Brexit as Stocks, Pound Drop; Gold Soars
(Bloomberg) -- Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and wiped about $3 trillion from stock market values while sparking demand for haven assets from U.S. Treasuries to gold.
6. Brexit Turmoil Spreading as Cameron Quits, Clash With EU Looms
(Bloomberg) -- Britain’s stunning vote to leave the European Union spread turmoil across the world’s financial markets and dismay through Europe’s capitals, where EU leaders gave an early warning that the looming divorce talks may prove bitter.
7. Brexit Referendum Finally Arrives After Months of Division
(Bloomberg) -- Britain began voting Thursday on whether to remain a member of the European Union or split from the 28-nation bloc, a once-in-a-generation decision that will determine the U.K.’s future economic prosperity and the course of the EU.
8. Brexit Vote in Balance in Polls as Soros Warns of Pound Plunge
(Bloomberg) -- Britain’s referendum on European Union membership remained too close to call two days before the vote, with separate polls showing leads for both sides and billionaire investor George Soros warning of a slump in the pound should voters back a so-called Brexit.
9. U.K. Referendum Points to Brexit With More Than Half Votes in
(Bloomberg) -- U.K. referendum results pointed toward a vote to leave the European Union after more than four decades of membership, rocking markets globally and putting a question mark over Prime Minister David Cameron’s future in office.
10. Visium’s Valvani Found Dead in Apparent Suicide Amid Charges
(Bloomberg) -- Sanjay Valvani, the Visium Asset Management partner charged with insider trading last week, was found dead in an apparent suicide at his Brooklyn home. He was 44.
1. Seven Lessons From the U.K.’s Departure: Mohamed A. El-Erian
(Bloomberg View) -- As global financial markets convulse in response to British citizens voting to leave the European Union, the stunning outcome of the U.K.’s referendum provides more questions than answers. As discussed on Monday, the heightened uncertainty, fueled by sudden institutional instability now compounding long-standing economic fragility and financial fluidity, is likely to cause an unprecedented mix of political turmoil, financial volatility and economic damage in the weeks ahead. It also leaves us with seven lessons whose implications extend well beyond Britain.
2. Shhh! The U.K.’s Voting and Our Lips Are Sealed: Therese Raphael
(Bloomberg View) -- There is, you might have heard, a big event taking place on Thursday in Britain. Voters in the U.K. (I am one) are making a historic decision on whether or not to be part of the European Union, the so-called Brexit referendum. I’m sorry to say that we can’t talk about it.
3. The Day After the U.K. Votes to Leave EU: Mohamed A. El-Erian
(Bloomberg View) -- Here’s what the world could look like on June 24 if the “Leave” camp won the previous day’s referendum on whether the U.K. should continue to be part of the European Union.
4. China Could Be the Biggest Winner From Brexit: Michael Schuman
(Bloomberg View) -- The United Kingdom’s exit from the European Union is creating a lot of losers: London’s finance industry. British Prime Minister David Cameron. The pound. The grand cause of European integration. But out of all of the market turmoil and uncertainty will emerge at least one big winner: China.
5. Eight Things to Know About U.K. Vote to Leave EU: Barry Ritholtz
(Bloomberg View) -- Well, the Brits have really done it now. All the experts told us people in the U.K. were smart enough to see that voting to leave the European Union was a mistake -- but not to worry because the referendum was going to lose. I once again must invoke the wisdom of screen writer William Goldman, who as regular readers will know summed up almost everything you need to know with the world’s three most important words (no, not those words -- see Item 7 below).
1. Bloomberg TV Coverage of Brexit
Bloomberg TV coverage June 23-24 of the U.K.’s decision to leave the European Union.
2. Cameron Offers Resignation as U.K. Votes to Leave EU
U.K. Prime Minister David Cameron speaks about the result of Britain’s referendum on membership in the European Union.
3. Yellen Testifies Before Senate Banking Committee
Federal Reserve Chair Janet Yellen testifies June 21 before the Senate Banking Committee in Washington about monetary policy, the U.S. economy and the labor market. (This is the first day of Yellen’s two-day semi-annual report to Congress.)
4. Draghi Speaks About ECB Measures, Economy
European Central Bank President Mario Draghi speaks before lawmakers on the European Parliament’s Economic and Monetary Affairs Committee in Brussels on June 21.
5. Japan’s Aso Discusses Brexit Results (Japanese)
Finance Minister Taro Aso speaks to reporters in Tokyo.
--With assistance from Anny Kuo in New York.