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This Article is From Jul 07, 2016

Markets Swing in Tandem as Brexit Amps Up Correlations: Chart

Markets Swing in Tandem as Brexit Amps Up Correlations: Chart

(Bloomberg) -- It's back to the drawing board for investors who were just getting used to markets moving independently. The U.K.'s surprise vote to quit the European Union rekindled lockstep moves between U.S. stocks and assets like oil, the U.S. dollar, Japanese yen and bonds -- a reversal from the prior three months when correlations started to ease.

To contact the reporter on this story: Oliver Renick in New York at orenick2@bloomberg.net. To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Inyoung Hwang, John Shipman

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