From Strategy of Simone Wapler (France)-
As you know, this weekly email alerts now replaces that I sent you on Monday, Wednesday and Friday. We will take the time to go into more detail on specfic topics, to be more in the analysis, that åy over any attempt to be exhaustive.
To summarize, the equity markets, we had:
- a post-crash Brexit June 24 and June 27
- a recovery from June 28 to July 1
- … and for a further decline…
On July 3, the Brexit began by being “nothing ” in terms economic , according to a great banker. And besides, it is not wrong: economically it is a non-event.
Financially , it’s something else…
Three British real estate funds (funds that you can buy shares and which are positioned them on the physical property) recently suspended their repayments: M & G, Standard Life and Aviva. The ärst is the biggest British fund! Concretely, this means that if you bought a share of the money and want to sell your units (seek reimbursement, so), it will be declined, your assets are frozen. So £ 9 billion of real money institutional investors are frozen. More than 2 kerviel