Back in June, when the UK voted to leave the EU, some markets shut for days as investors and borrowers digested the shock verdict. Maybe they are more battle-hardened now, or maybe so pumped full of monetary policy drugs so as not to notice. But given the scale of Wednesday morning’s upset, markets barely paused for breath with deals abound on Thursday.
Indeed, attention has now largely turned to December’s US Federal Reserve meeting and the Italian referendum as the next big risk events, with little clarity about whether president Trump will be friend or foe to markets.
GlobalCapital brings you full coverage of how primary capital markets took a step into the unknown this week and how they are likely to react in the coming days and weeks.