Friday, June 24, 2016

The Dow plummets 12% after the decision of the UK to leave the EU – Yahoo Finance Spain

MADRID (Reuters) – The Spanish stock market plummeted on Friday 12 percent, while some large weighting values ​​as Santander or BBVA tumbled more than 20 percent, after UK would vote in a referendum to leave the European Union.

The result, which could leave the country on a path of uncertainty and would mean the biggest blow to the efforts of union of the continent since World War II, dragging financial markets around the world, which in recent days had gone up relying on polls and bookmakers pointed to permanency.

“Given a probable change in market context (global) recommend moving to safe-haven assets, promote active Americans and reduce exposure according to profiles until they can be measured more accurately the real consequences, “said analysts at Bankinter.

Up to 13 values ​​took several minutes to score price by selling pressure, and 0923 local time, up to 4 titles -Sabadell, IAG, Indra and Popular- still could not open.

the Ibex-35 fell 11.77 percent to 7,845 points, heading for the biggest drop in its history, while the risk premium soared to 175 basis points

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