European equities continued to fall

European equities continued to fall amid uncertainty caused by the results of a referendum on British exit from the EU.

According to Reuters, the pan-European Stoxx Europe 600 index on Monday, 27 June, fell 4.1%. On Friday, after it was announced the results of a referendum on Brexit, the Stoxx 600 suffered the biggest one-day fall since 2008, dropping by 7%.

7.7% fell in the Stoxx 600 Banks Index, which includes securities of European companies from the banking sector. On Friday he collapsed to 14%.

The share price of Barclays Plc, who on Friday lost a third of the cost, on Monday fell more than 17%. Shares of Royal Bank of Scotland (RBS) fell in trading on Monday in London by 15%. Paper Intesa Sanpaolo lost 11%.

As noted by Bloomberg, analysts have lowered expectations for income the Barclays, RBS and Lloyds Banking Group Plc, as investors try to assess the negative consequences of Brexit. “Brexit can have long-term implications for the prospects of the European banking sector”, — quotes Reuters the message of Deutsche Bank, recommending clients avoid banks in the UK, Spain and Italy.

European equities also declined on the background of Brexit the greatest losses suffered EasyJet, whose shares fell by 22.3%. The shares of the owning company of British Airways IAG fell by 15.9% percent after Goldman Sachs lowered its Outlook to “neutral”.

On Friday, June 24, after the announcement of a referendum on Brexit, where the British were in favour of leaving the EU, European stocks experienced a record decline.So the Spanish IBEX 35 fell by more than 11%, French CAC 40 by almost 10%, German DAX — more than on 7%. The main index of the London stock exchange FTSE 100 fell by 8.66%, while British banks have lost at opening third of the cost. Shares in Barclays fell by 30%, Royal Bank of Scotland — 35%, Lloyd’s Bank — 30% at opening.