Is Amazon’s fate sealed after Brexit ?
It seems that Amazon, one of the world’s biggest online retailers, wasn’t really influenced from the Brexit turmoil.
Last Wednesday, the company announced it is planning to hire additional 1,000 new employees. But how’s that even possible? Well, according to Amazon, they will deal with the consequences of the catastrophe when it arrives. The online retailer stock is being traded at a price of 737.61 per share and is currently up by 1.31% on the NASDAQ index. In fact, Amazon’s stock price has been constantly climbing since the 27 th of June. A little bit surprising, isn’t it?
On the contrary, if we take a closer look at most airline industry companies, we can clearly see a major decrease in their stock prices as a result of the same exact market trigger. In fact, airline stocks have been severely influenced by the UK’s decision to separate from the European Union. Interestingly enough, prior to the Brexit, United Kingdom was one of the EU’s single aviation market. So, are there any more good news coming out from the British Kingdom? Well, it depends on who you ask.
According to Doug Gurr, Amazon’s UK country manager: “Our sales are in line with expectations. It’s business as usual as far as we are concerned.” However, generally speaking, the answer is both “Yes” and “No”. That’s simply because every gamble has two sides.
On one hand, the biggest gainers are foreign governments. Additionally, the US stock market has held up pretty well in response to the UK’s crisis. Going back to Amazon, the company says that it will now create 3,500 permanent full-time positions in the United Kingdom until the end of this year. Their Prime one-hour delivery service still reaches more than a third of the UK population and there are no plans for stopping it anytime soon.
On the other hand, the GBP has reached a-31 year low versus other currencies, such as the USD and the EURO, most European stocks have dropped in value and interest rates on government bonds in Japan, the US and the UK have fallen into all-time lows. So, you are most probably wondering now “what’s in it for me?” Well, in fact, there’s a lot. The ability to take advantage of the above up and down market movements is what will eventually allow you to become a profitable trader. This is made possible thanks to a trading method known as binary options trading.
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