As Britain leaves the European Union, fear became the dominant sentiment that badly affected the global stock market. Apart from Europe, the markets in America and Asia also experienced a slump particularly as predictions of a U.K. recession circulated. Global stocks were said to be in their worst monthly performance since January.
In Europe, shares of U.K. and European banks are now underperforming. They have been and are still the worst performing sectors. The Deutsche Bank, for its part, has recorded another record low after failing in a U.S. stress test. [Read more…] about Global Stock Market Shaken by Britain’s Exit from EU