Europe Stocks Recoup More Brexit Losses as Commodity Shares Rise
- FTSE 100 up most since 2011, erases post-vote declines
- Tour operator TUI down after terror attacks in Istanbul
Brexit Fallout Piles Political Pressure on Pound
This article is for subscribers only.
European equities rose for a second day, recovering more of the declines triggered in the immediate aftermath of the U.K.’s decision to leave the European Union.
The Stoxx Europe 600 Index climbed 3.1 percent at the close of trading, with miners and energy producers as the best performers. Friday’s shock vote for British secession sent the benchmark to its worst two-day rout since 2008, before yesterday’s advance. The number of shares changing hands today was 45 percent higher than the 30-day average. The FTSE 100 Index also rallied on increased volume, erasing post-Brexit losses and returning to its highest level since April.