Published on 28 Jun 2016
Investors
are coming to work today and seeing a Brexit bounce and a pound
rebound. European stocks are higher along with the U.S. markets. The
British pound is recovering after falling to a 31 year low Monday. All
risk assets are higher, including oil and other commodities. Volkswagen
is expected to announce a settlement with the nearly 500,000 U.S. diesel
owners and government regulators over polluting vehicles is said to be
valued at more than $15 billion in cash. The settlement will be
announced today in Washington D.C. The deal is related to the automaker
installing software in cars that allowed them to bypass emission laws.
The $15 billion is the most expensive auto industry scandal in history.
Nike
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