Blog post
Initial market reactions to Brexit
Initial market reactions to Brexit
Markets have reacted strongly to this morning's news. Stock prices have fallen throughout the world, the yields on government bonds of EU periphery countries have increased, and the pound has experienced its largest fall in years.
Table 1: Stock markets
| Country | Stock market index | 23 June – closing | 24 June – opening lowest value | 24 June - latest to 4pm | ||
| Index | % change from 23 June | Index | % change from 23 June | |||
| UK | FTSE 100 | 6,316 | 5,805 | -8.09 | 6,182 | -2.12 |
| Germany | DAX | 10,226 | 9,318 | -8.88 | 9,618 | -5.95 |
| France | CAC | 4,465 | 4,038 | -9.56 | 4,152 | -7.01 |
| Spain | IBEX | 8,873 | 7,795 | -12.15 | 7,892 | -11.06 |
| Italy | FTSE MIB | 17,945 | 15,856 | -11.64 | 16,109 | -10.23 |
| Greece | ASE | 928.85 | 785.38 | -15.45 | 800.64 | -14 |
| Portugal | PSI 20 | 4,689 | 4,346 | -7.31 | 4,368 | -6.85 |
| Japan | NIKKEI 225 | 16,238 | 15,871 | -2.26 | 14,652 | -9.77 |
Table 2: 10 Year Government Bond Yields
| 23/06/2016 18:00 | 24/06/2016 12:00 | 24/06/2016 16:00 | |
| UK | 1.38 | 1.09 | 1.09 |
| DE | 0.09 | -0.08 | -0.06 |
| IT | 1.32 | 1.41 | 1.46 |
| ES | 1.47 | 1.56 | 1.60 |
| FR | 0.46 | 0.33 | 0.37 |
| PT | 3.10 | 3.26 | 3.35 |
| US | 1.73 | 1.51 | 1.57 |
Authors
Maria Demertzis
Leader, ESF, The Conference Board Europe
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