After falling 8.3% in the two weeks following June 24, the FTSE 250 Index, comprised of mid-cap UK companies with mostly UK-based businesses, is now up 6.3% for the month ended July 26. And the FTSE 100 Index, which includes multinationals deriving a large portion of their revenue outside the UK as well as non-UK companies listed in London, has built on its 3.1% returns in the two weeks following the Brexit vote and is now up 9.6% a month later. Lead sector drivers for the FTSE 100 Index in the last month include Technology (+43.6%), Healthcare (+14.4%) and Materials & Processing (+12.7%).
In the US, major stock indexes have also reflected global equity market gains in the last month. The Russell 1000 Index, which measures US large-cap stocks, has risen 6.7% for the month ended July 26, while the US small-cap Russell 2000 Index has risen 8.1% for the same period.
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