black markets after voting by Brexit Friday – ElTiempo.com

The vote for the ‘brexit’ sank in the UK market in the world, and started beating the Colombian.

In our country, the dollar opened higher. The Representative Market Rate (TRM) started the day with 2897.53. However, with the passage of minutes is more trading, to 2,980 pesos, to close the day at 2972 ​​pesos, implying that the international currency ended earned 75 pesos.

The Texas oil (WTI ), the reference for our country, opened with a sharp decline of 5.29 percent, impacted by the effects of ‘brexit’. The WTI fell $ 2.65 and traded at $ 47.64 a barrel on the New York Stock Exchange (Nymex). Remember that Thursday was up at 1.99 percent and stood at $ 51.2. Regarding the Colombia Stock Exchange, in the morning session it fell 1.83 percent, but gradually he recovered and at the end of Friday afternoon his fall was 0.89.

in the world, the British pound, for example, fell to its lowest in 31 years against the dollar and was trading in the morning at $ 1.3, with a devaluation of 10% compared to the end of the previous day .

European shares were sharply lower, although somewhat lower than in the first operations under the impact of the victory of supporters of the output of the United Kingdom of the European Union (EU ) in a referendum held the day before

the London Footsie 100 index fell 5.03%.; Frankfurt the Dax 30 6.52%; Paris’s CAC 40 8.32%; the FTSE-Mib in Milan 9.81% and the Ibex 35 in Madrid 10,20%.

In Asia, the Nikkei index of the Tokyo Stock Exchange ended down 7.92% and Hong Kong Hang Seng lost 2.92%.

“the British voted for the ‘brexit’ despite warnings of the vast majority of economic experts. No wonder then this morning the referendum results cause waves in global financial markets, “said Daniel Vernazza, an economist at Unicredit Research.

the banks were the most affected by the general collapse. In London, the Royal Bank of Scotland (RBS) lost 18.08%, 18.64% Barclays and Lloyds Banking Group 21.34%. In Madrid, Banco Santander, the first bank in the euro zone by market capitalization and the UK as its main market, plummeted 18.63% and 15.93% BBVA lost. The European Central Bank (ECB) said that the banking system of the euro zone “is strong in terms of capital and liquidity” and said willing to bring euros or other currencies to grease the wheels of credit.

measure scopes

“the victory of ‘brexit’ is one of the biggest shocks of the markets of all time” said Joe Rundle, head of trading at ETX Capital. “it is difficult to measure the extent of damage to the assets, but at least can become the worst since Lehman Brothers,” he added, referring to collapse of Wall Street bank in 2008 precipitated the global financial crisis.

the dollar, meanwhile, fell below 100 yen to 99.02 yen for the first time since November 2013, before regaining ground to stand at 102 yen. The yen is considered a safe haven in times of uncertainty, although its strengthening hurts the export sector vital to the economy of the archipelago
. Gold, a safe haven par excellence, reached its highest point since 2014, reaching quoted during the morning 1,359.08 dollars an ounce.

The losses extended to the oil sector. Around 09H00 GMT, a barrel of Brent North Sea for August delivery traded at $ 48.69 on the Intercontinental Exchange (ICE) in London, down $ 2.22 compared to the end of the day before. In after-hours trading the New York Mercantile Exchange (Nymex), a barrel of “light sweet crude” (WTI) for the same delivery traded at $ 47.96, down from $ 2.15.

AFP