Monday, June 27, 2016

Prepare for more damage to stock markets throughout the week till 4th of July

Banks and other financial companies fell Monday as investors speculated that the global upheaval caused by Britain's decision to leave the EU will prompt the Federal Reserve to hold off on raising its benchmark interest rate. Banks benefit from higher interest rates, which translate into more revenue from loans and credit cards. The materials and energy sectors also slumped.
Investors should prepare for more damage throughout the week leading up to the Independence Day weekend, experts said.

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