All Aboard the Brexit Big Dipper!

All Aboard the Brexit Big Dipper! By Victor Hill At 04:39 on Friday, 24 June David Dimbleby announced that the BBC forecast was that REMAIN could not now win. Cut to a beaming Nigel Farage at a party somewhere talking about the British people getting their country back. As the enormity of the news sunk in, a stunned nation (actually four stunned nations) began to emote. The degree of recrimination and acrimony first evident on Friday morning only got worse over the weekend. Facebook almost crashed at times, such was the volume of posts: many of them expressing hurt and apprehension; many giving vent to vile abuse. An old friend of mine spent the Saturday morning unfriending most of his Facebook network. The love-fest at Glastonbury went sombre (the knee-deep mud didn't help). Even London's Gay Pride march was downbeat – despite the salute from the Red Arrows. Mr Cameron resigned even before most City types had reached their work stations. Mark Carney went on a live international newsfeed "to calm" the markets with a promise of £250 billion of additional liquidity. But the markets had already gone haywire... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,140.39, an increase of 158.19 points. The FTSE 250 rose 535.20 points to finish at 15,503.06. The FTSE All Share climbed 88.74 points to finish at 3,326.28. The FTSE AIM All Share finished at 688.39, up by 11.43 points. FTSE-100 pharmaceutical outfit AstraZeneca (AZN) received approval from the European authorities for the marketing and sale of its combination antibiotic Zavicefta across the EU as well as in Norway, Iceland and Liechenstein The drug went through clinical trials that tested it against a range of complex infections and management said that it could be a new tool against antibiotic resistant bacteria. AstraZeneca shares climbed 3.6% to 4,273.50p.   Download our June issue today! Click HERE to read. Engine manufacturer Rolls-Royce (RR.) said its overall outlook for the year is unchanged and that trading during the first five months was broadly in line with expectations. Underlying profits for the first half of the financial year will be close to breakeven levels, with performance being heavily weighted towards the second half of the year. The company said that last week's vote has no impact on its immediate activities. However, in the longer run, the company may have to adjust its operations depending on the trade terms that are agreed. Rolls-Royce shares rose by 17.50p to 669.50p. AIM-listed vehicle hire specialist Northgate (NTG) earned profit before tax of £77.6 million during the year ended 30th April, slightly below last year's £83 million due to a weaker Euro and changes to depreciation. A much stronger performance in Spain masked weaker UK figures, with management also warning that Brexit could have a negative impact on future trading. The shares climbed 10p to 316.50p. Tomorrow's news today Dixons Carphone (DC.) and Stagecoach (SGC) will publish their final results. Quote of the day "Insults are the arguments employed by those who are in the wrong." - Jean-Jacques Rousseau Latest Stories Chart of the Day: FTSE 100 By Zak Mir The FTSE 100 is back in the black, and doing so in style. Cynics such as myself would put this down to the penny dropping there will either be no Brexit, or that it simply won't happen for a long time… Click Here To Read The Full Story Mellon on the Markets By Jim Mellon Brexhausted! I'm now back in Spain after being in the UK on the day of and the morning after the referendum.  Wow – what a result! I went to the area just outside Parliament where the TV and radio stations had set up and had been broadcasting all night till the morning of June 24th... Click Here To Read The Full Story Chart of the Day: Pound vs Euro By Zak Mir The Project Fear strategy may have been the reason that Remain failed, but so far it was spot on as far as Sterling collapsing is concerned. That said, the "Pound in our Pocket" tanking will only have positive effects on the economy and may even prevent a recession… Click Here To Read The Full Story Pick the Right Benchmark to Get the Best Performance By Nick Sudbury There was some interesting research published recently about the relative performance of shares and cash. Paul Lewis, the presenter of Radio 4's Moneybox programme, compared the returns from a FTSE 100 tracker fund with the interest you could get by investing in the 'best buy' one year savings bonds… Click Here To Read The Full Story The Evil Diaries: "Time to Wheel on the Tumbrels" By Evil Knievil Time to wheel on the tumbrels: We can stick the lead traitors such as Cameron and Carney in the back and cart them off to Tower Hill. But there is a long, long list of collaborators. Me? I'll be a tricoteuse… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd does not accept any liability for any losses suffered by any user as a result of any such decision.

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