Inside the Growing Bull Case on Megacaps in London Stocks
- British stocks are trading at record premium to European peers
- FTSE 100 dividend yield is higher than Germany, France, Italy
U.S. Stocks Surge: How Long Will the Rebound Last?
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Following Britain’s unexpected vote to leave the European Union, strategists did something that might seem strange: they turned more bullish on a big swath of the country’s shares.
The FTSE 100 Index, which tracks the largest companies trading in London, has been relatively resilient since the referendum, falling less than half as much as the broader FTSE 250 Index and a gauge of euro-area shares. It’s highlighting the disparity between the rest of the U.K. stock market and London’s large-cap multinationals, a group that benefits from its commodity holdings and business in emerging markets.