Wall St looks past Brexit

[AAP] - A week-long convulsion in US stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy. "The Fed is the 800-pound gorilla, but it's an 800-pound gorilla that's been pushed back in its cage, and it's not going anywhere," said Ted Weisberg, a trader with Seaport Securities in New York.

Wall St looks past Brexit - Yahoo7 Finance Australia