An England Rugby World Cup exit could have knock-on effect for stock market

Discussion in 'Market News' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the Aussies await Chris Robshaw’s men, investors have been warned that a loss could mean £3bn wiped off share prices

    Stock market investors, already battered by the worst quarter since the depths of the eurozone crisis, now face a make-or-break England rugby fixture that could wipe billions off share prices.

    If England are eliminated from the Rugby World Cup by Australia on Saturday, about £3bn is likely to be knocked off the stock market when trading resumes on Monday, according to an academic at London Business School.

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