You are here: Home » Opinion » Breakingviews
Business Standard

Take your pick

Believe bonds not stocks on Brexit damage

Swaha Pattanaik 

Swaha Pattanaik UK markets, like the Roman god Janus, have two faces. A week on from Britain's vote to leave the European Union (EU), equity markets present a view that things won't be too much worse than the past. Falling government bond yields point to a bleaker future. The pessimistic thesis has more going for it. The smart rebound in the blue-chip FTSE 100 Index, which has now surpassed its June 23 referendum day close, has a lot to do with sterling's slump, since about three-quarters of constituent companies' revenue is earned overseas. Still, even the FTSE 250 Index of mid-caps, which ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 30 2016. 21:32 IST
RECOMMENDED FOR YOU