Global economy remains anxious as Brexit decision approaches - Wells Fargo

As  the decision by  the United  Kingdom  of  whether  it will remain  in  the European Union   or  take a different path approaches, the global  economy  remains  anxious,  especially after the assassination of a Labour Member of Parliament who was  a  strong  advocate  of  the  United  Kingdom  remaining  in the European Union.

Key Quotes

“Data on the U.S. economy have improved considerably during the  second  quarter  and  there  are  signs  of  stabilization  or  at least  no  further  deterioration  in  other  regions  of  the  world, which in itself should be good news for the global economy.”

“Meanwhile, data coming in from the rest of the world seem to be directionless at present,which, in some sense, is good news because this suggests that economic conditions are not deteriorating further. This includes Chinese industrial production for May, which increased 6.0 percent year-over-year, in line with consensus expectations and unchanged from the year-over-year rate recorded in April.”