European index of “blue chips” EURO STOXX 50 fell by 9.29% to 2755,58 points, the broad market index Europe declined by 8.66% to 76,14 points after the results of the last referendum in the UK. The results of counting 100% of the votes, behind the UK remaining in the EU voted for 48.1% of the participants of the referendum for leaving the EU is 51.9%.
The largest drop showed the French CAC40, which by 10:50 Moscow time lost 9,57%, the German DAX fell by 7.73%, the index of the London stock exchange FTSE 100 fell by 6.41%. Fall paper all financial companies included in this index. The stock market of the Netherlands showed a decrease of EH by 7.23%.
Other stock indices of European countries show a more moderate decrease. Index Swiss exchange Swiss Exchange fell by 3.97%, the stock market of Sweden fell by 3.73%. Also 3-4% fall stocks of emerging markets. The Czech PX lost 4.78 percent. The only exception is the shares of Greek companies, which showed a drop of 13.87%.
This is a historic moment and no one knows how much more could fall stock, we expect in the coming days of heavy volatility, quotes Bloomberg words strategist at Bankhaus Lampe in Dusseldorf Ralph Zimmerman. He believed that most at risk are Bank stocks. “We still have quite a long period of neopredelennosti ahead to understand how it will affect the economy of Europe”, — said the expert.
Moscow exchange indices of MICEX and RTS fell by 2.3% and 3.9%, respectively.
“In the near future our stock market will show strong volatility, and taking into account that the ruble recently strengthened, may be the most strong reaction in the currency market”, — says the head of trading IR ATON Yaroslav Podsevatkin. According to him, in the bond market the situation will remain more stable. “I do not exclude that non-residents want to sell OFZ, but in General the processes occurring in world markets, will have an indirect impact on the profitability of Russian securities. To some extent they can even be seen as a defensive asset,” says Podsevatkin.
A trader in a large investment Bank said that despite the strong volatility while emerging markets remain on the sidelines. “The major players is not up to us. Now a struggle for European assets, some see it as an opportunity to buy the fallen in price papers” — he said.