Yes, winning the Euros really can help your stock market

0
38

Football Soccer – UEFA Euro 2020 Munich Logo Launch – Olympia Park, Munich, Germany – 27/10/16. The trophy is seen during logo launch. REUTERS/Michaela Rehle

LONDON, July 8 (Reuters) – Euro 2020 semi-final victories for England and Italy mean football’s either coming home or going to Rome, but the last 20 years show that hoisting the European Championship trophy can also lift a stock market.

Of the last five tournament winners, Greece (.ATG) and Spain’s bourses (.IBEX) outperformed the pan-European STOXX 600 (.STOXX) after their 2004 and 2008 and 2012 wins, while only Portugal’s 2016 title was followed by notable underperformance.

Perhaps a reflection of the shock of the victory, the Athens market outperformed by an impressive 20% six months on from Greece’s win – long before the country’s debt crisis kicked off, of course.

The first of Spain’s back-to-back wins in 2008 and 2012 came at the height of the global financial crisis, meaning most stock markets…

Read more…