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Brexit shock waves to further rattle markets

Mark Mulligan

Markets are set for some further volatility this week as the aftershocks of Britain's historic vote to leave the European Union after 43 years continue to rumble across the globe, although futures pricing suggests less drama than Friday's tumult.

Futures pricing for Australia's S&P/ASX200 Index, for example, has shares opening flat or slightly up, while mounting market bets that the Reserve Bank of Australia will be forced to cut interest rates at next week's board meeting is just market noise, say economists.

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Mark Mulligan is the world editor and a former markets and economics writer. He was a Financial Times correspondent. Connect with Mark on Twitter. Email Mark at mark.mulligan@afr.com.au

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