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England's early exit from Euro 2016 'could wipe £6bn off stock market'

Discussion in 'Market News' started by Lily, Jun 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    New research suggests that disappointing football results in major competitions can have major impact on investor mood

    An early exit of the England team from Euro 2016, which begins on Friday, would wipe £6bn off the stock market in a single day, according to a finance expert.

    Alex Edmans, a professor of finance at the London Business School, believes that the effect of football results on the national mood is so strong that it can spill over into the stock market with impacts measured in billions of pounds.

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