Sunday, July 3, 2016

Brexit. global stocks accumulated strong gains – Observer

The world’s leading stock markets closed the first week post-’brexit ‘high, accumulating significant gains in the last four sessions, more than enough to offset the sharp decline in the first two sessions after the referendum in the UK.

After the British had, on 23 June, mostly voted for the output of the United Kingdom of the European Union, the reaction in markets was immediate, with significant losses in day sessions on June 24 (Friday ) and June 27 (Monday).

However, after the ‘shock’ initial, followed by a general movement correction in world markets of reference in the last four sessions that allowed the squares European, north American and Asian, with Japan the head, shut this week with considerable gains.

the main English index, the FTSE 100 rose 3.61% from the ‘brexit’ and negotiates the 6577.83 points. The positive trend has spread to other European centers of reference: Madrid (6.18%), Paris (4.07%), Milan (3.64%) and Frankfurt (2.29%). Also the Portuguese stock market benchmark index (PSI 20) was in line and accumulated 2.95% gains during the period.

Moreover, the Euro Stoxx 50 index, which comprises the 50 listed most significant of the euro area amounted to 3.85% between sessions of 24 June and today. In the United States, the cumulative gain from the ‘brexit’ amounted to 2.86%, taking into account the S & amp;. P 500, which includes the largest capitalizations of Wall Street

In Asia, the Nikkei 225 index, the most representative of Japan’s stock market, rose 4.35%. But the CSI 300 index, which includes the main listed on Chinese stock markets of Shanghai and Shenzhen, gained 1.66%.

Of the Asian reference markets, only the main index of Hong Kong, the Hang Seng , bucked the ascents of their peers globally and closed the week with a cumulative loss of 0.57%. Since the ‘brexit’, the Lusaka Stock Exchange (Zambia) had the best performance (11.45%), followed by Brazil (9.35%) and Argentina (6.77%).

opposite side are the Venezuelan markets (-4.11%), Nigeria (-3.06%) and Sweden (-2.52%).

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