Credit Suisse would cut its year-end forecasts for Britain’s benchmark FTSE 100 .FTSE equity index by 6 percent if Britain voted to leave the European Union this week.
The Swiss bank’s equity strategists said they would cut their year-end target for the FTSE down to 6,200 points from 6,600 if a Brexit occurred – which will be a reduction of around 6 percent.
The FTSE 100 closed up 0.4 percent at 6,226.55 points on Tuesday.
The strategists said they would cut their U.S. S&P 500 .SPX year-end target to 2,000 points from 2,150, and their target on the euro zone’s Euro Stoxx 50 .STOXX50E to 2,950 points from 3,350.
Betting odds show a greater probability that Britain will choose to remain in the EU rather than leave, which has helped markets recover this week. Although opinion polls show the two camps are roughly neck-and-neck.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.