Friday, 24 June 2016

Europe's largest stock markets

The BBC are headlining the falls in the UK FTSE but what strikes me from this recent snapshot is that:
1. the DAX is down more than the FTSE 100 and the All Share
2. the CAC 40 is down more than all the FTSE indexes/indices
3. The Bel 20 is down more than all bar the FTSE 250
4. the IBEX is down more than an of the FTSE indexes/indices

Maybe the EU stock markets are reflecting not only their inherent weakness but also that the remaining EU countries will have to pay more to make up for the loss of the UK's subscriptions.

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