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Banks lead European shares towards for worst-ever daily fall after Brexit vote

Published 2016-06-24, 03:34 a/m
© Reuters.  Banks lead European shares towards for worst-ever daily fall after Brexit vote
BARC
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LLOY
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NWG
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STOXX
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FTEU3
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SX7P
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SXAP
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SXIP
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LONDON, June 24 (Reuters) - European shares plummeted more
than 8 percent on Friday, led by the banking sector, and headed
for their biggest ever one-day percentage fall after Britain
voted to leave the European Union after a landmark referendum.
British Prime Minister David Cameron said that he would
resign following the results.
The FTSEurofirst 300 .FTEU3 was down 8.5 percent at
1,244.03 points by 0723 GMT after falling up to 1,239.68. The
pan-European STOXX Europe 600 .STOXX slumped 8.8 percent.
Financial stocks bore the brunt of the sell-off, with the
European banking index .SX7P falling 14 percent, putting it on
track for its worst ever one-day percentage fall as well.
European insurers .SXIP were down 12.7 percent, while auto
shares .SXAP fell 10.5 percent.
Shares in Barclays BARC.L slumped 25 percent, Royal Bank
of Scotland RBS.L was down 23 percent and Lloyds LLOY.L fell
23 percent.

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