Worthy Christian News » World News » Post-Brexit global equity loss of over $2 trillion worst ever: S&P


Post-Brexit global equity loss of over $2 trillion worst ever: S&P

Monday, June 27, 2016 | Tag Cloud Tags: , ,

(Worthy News) - The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.

Global markets skidded following the unexpected result from the June 23 referendum, in which Britons voted to withdraw from the EU by a 52 percent to 48 percent margin.

Markets in mainland Europe were hit the worst, with Milan and Madrid each down more than 12 percent for their biggest losses ever. Britain's benchmark FTSE 100 was down nearly 9 percent at one point on Friday, but rallied to close down 3.15 percent. [ Source ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » World News » Post-Brexit global equity loss of over $2 trillion worst ever: S&P

1 thought on “Post-Brexit global equity loss of over $2 trillion worst ever: S&P

Leave a Comment

Worthy Christian News » World News » Post-Brexit global equity loss of over $2 trillion worst ever: S&P