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Index IDEA: UK market indexes on the rise a month after Brexit vote

Major UK equity market indexes have gained ground in the month following June 24, when the results of the UK “Brexit” referendum vote were first announced, with major US equity market indexes following suit.

After falling 8.3% in the two weeks following June 24, the FTSE 250 Index, comprised of mid-cap UK companies with mostly UK-based businesses, is now up 6.3% for the month ended July 26. And the FTSE 100 Index, which includes multinationals deriving a large portion of their revenue outside the UK as well as non-UK companies listed in London, has built on its 3.1% returns in the two weeks following the Brexit vote and is now up 9.6% a month later. Lead sector drivers for the FTSE 100 Index in the last month include Technology (+43.6%), Healthcare (+14.4%) and Materials & Processing (+12.7%).

In the US, major stock indexes have also reflected global equity market gains in the last month. The Russell 1000 Index, which measures US large-cap stocks, has risen 6.7% for the month ended July 26, while the US small-cap Russell 2000 Index has risen 8.1% for the same period.


For a closer look, visit the FTSE Russell Global Equity Indexes page.

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