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How the UK-EU Brexit agreement affects US Stocks?

UK-EU Brexit Agreement generates volatility. As the deal is still in talks and not finalized, volatility drops down. U.S. market is affected largely as per the Wall Street report. VIX dropped 33% as its volatility index was in the red region. Boeing shares dropped more than 6%. Of the 11 major sectors in the S&P 500, six were in the red.

Larry Kudlow the President head of the Economic Council conducted a meeting with President Trump. He also advised Trump regarding the US-China trade war and the upcoming recession alongwith the Brexit deal affects. The UK-EU Brexit deal is positive and certainly creates positive sentiment. However, in the end, it is not material for most investors, which will weaken the economy.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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