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FTSE losses after Brexit


JRDS
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Interestingly enough, here are the major stock markets from across Europe today :

 

FTSE 100 : minus 3.15%

 

AEX (Netherlands) : minus 5.70%

DAX (Germany) : minus 6.82%

CAC (France) : minus 8.04%

BEL (Belgium) : minus 6.40%

PSI (Portugal) : minus 6.51%

MIB (Italy) : minus 12.48%

IBEX (Spain) : minus 12.35%

ASE (Greece) : minus 13.14%

 

Note that the smallest fall was from the FTSE 100 out of all of those.

I think that quite clearly suggests the market feels that the EU has a lot more to lose than we do out of our leaving.

 

I've even seen one news article where they even tried to take the FTSE 250 figure (which was a lot worse, at minus 7.19%) as the UK's figure. In spite of the figures for all of the other countries being of the largest companies, and the FTSE 250 being a lot smaller companies.

 

A small explanation : the FTSE 100 is the UKs biggest 100 companies, by market value. We then have the FTSE 250, which is the NEXT 250 companies (so 101 to 350). The FTSE 250 all added together is worth about 13% of the FTSE 100. So the FTSE 100, which is normally quoted on a daily basis in the news, is by far the better guide

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