European stocks could fall by 24% soon after the release of euro zone Britain - on AMarkets materials.
These results showed the stress test model from Axioma Inc. Fund The model was based on behavioral patterns that occurred during the periods of the height of the euro crisis and after the referendum in Scotland. Stress test can not show long-term effects, it shows only a momentary post-effect - how to behave paper immediately after the announcement of results of voting, if the idea is to win release from the union.
Was 54 bonds and 41 share in the test portfolio. Shares expected to get the hardest.
I must say that so far the EU stocks showed a rather calm demeanor. In this case the pound jumped to highs of 2009. Interestingly, this year British shares showed the best result among European securities on the background of the British currency, show weakness at the start of the year. Experts Axioma Inc. argue that the British action at the moment - the most risky asset of the euro area. In the meantime, the index FTSE All-Share Index fell down by only 1.2% and the Stoxx Europe 600 Index lost 7.6%. Interestingly, most large-scale buyers of British securities in the global section - US investors (purchased from May 2015 to present. at.). And the most active sellers of British securities over the same period - British investors (details Nasdaq OMX Group).