S&P DJI Commentary: Europe Index Dashboard

Date 30/06/2016

•	The result of the UK’s June 23rd referendum triggered a national political crisis, saw the pound collapse to its lowest levels in decades and left at least 48% of the population nursing “Regrexit”.

•	Yet astonishingly, the UK’s equity markets more than recovered their losses - in pound sterling terms, the S&P United Kingdom index rose in June.
•	Financials bore the brunt of the uncertainty, while the Energy sector brushed off the concern to post significant gains.