Winvestment

The Nasdaq OMX initially fell almost 7 % to gain back approximately 1 percentage point to nearly 6 % by 10,30. Not surprisingly Nobia leading the fall with -15 %, the kitchen supplier with Britain as one of its largest revenue source is probably the most affected listed company on the Nasdaq OMX from the Brexit referendum. The footsey 100 hardly down 1 % and the DAX that has already taken the hit on friday trading near 0. From the OMX the companies with the largest amount of sales in Britain, leading the board with Orexo and Nobia with nearly haft their revenues from Britain followed by Fagerhult and Itab shop Concept with both nearly 30 % of their revenues from the island. These stocks have been affected the largest from the secluding of Britain and the uncertainty of the upcoming deal that must be negotiated between the EU and Great Britain. Handelsbanken which has the largest asset base of the Swedish banks in Great Britain was also badly affected loosing near 10 % on monday.

          The brexit referendum came to a dramatical ending on the 23 rd of June with the brexit side winning 51,9 % to 48,1 %. This referendum resulted in a non-binding ruling from the British people to exit the European Union and the resignation of British prime minister David Cameron. This unforeseen result was met with a large negativity from the youth of Britain as they took to the streets in demonstration and petitioning for yet another referendum that has been signed by up to 3 million people. Article 50 of the Treaty of the European Union must be invoked in order for Great Britain to leave the EU which will start a 2-year process of leaving the union that won’t be taken lightly. Scotland already talking of vetoing the result and talking of entering the EU on its own and secluding itself from Britain. What will happen henceforth is unknown but the effects of instability have negatively affected financial markets resulting in a loss of 2 trillio...