Global Market Outlook July 2016: Brexit fears sink stocks | BetaShares

Global Market Outlook July 2016: Brexit fears sink stocks

BY David Bassanese | 5 July 2016
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Global equities were weaker in June, largely reflecting a sharp two day reaction to the surprise Brexit decision that had been only partly recovered by month-end. US equities held up relatively well compared to those in Europe and Japan – the latter also hurt by Yen strength. Commodities and the $A were also firmer in the month, though this largely reflected gains prior to the Brexit vote, and a post-Brexit decision surge in gold prices.

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