European stocks fell on Friday, as investors are showing interest in risky assets after the historic referendum ended with the decision to leave the European Union in the UK.
Stoxx Europe 600 index fell 8.4%, to 317.45, and headed for the worst session since October 1987 FactSet data. Less than 10 shares index showed an increase. Shares of gold producer Randgold Resources increased by 28%, as investors resorted to gold as a safe asset. London's FTSE 100 index was down 7.5%, to 5861.47. Sale of shares started after the results of the referendum showed that 51.9% wanted to leave the European Union, while the number of votes against the exit from the EU amounted to 48.1%. the shares of European banks fell, resulting in the Stoxx 600 banks decreased by 14%. Shares of London-based bank Barclays fell by 25%, of HSBC bank's shares fell 5%. Shares of Spanish bank Banco Santander fell by 22% in Germany, shares Deutsche Bank AG fell by 16%, while Commerzbank shares were down 14.7%. The Prime Minister of Great Britain David Cameron said on Friday that he was resigning.
Other indexes in Europe
The German index DAX 30 fell by 7.6%, to 9482.62, the French CAC 40 index fell by 9.5%, to 4043.37. The Spanish IBEX 35 index fell by 11.7%, to 7848.00, while in Italy FTSE MIB index fell by 8%, to 16523.79. The yield on ten-year German bunds fell by 17 basis points to a negative figure of -0,092%. The euro fell 2% to $ 1.1089, the British pound fell by almost 6%, to $ 1.3721.