Chart of the week: mid-caps recover Brexit losses

FTSE 250 chart

The FTSE 250 mid-cap index has taken only five weeks to recover from its post-Brexit slump. It is a better barometer of the domestic economy than the FTSE 100, so the rebound has been seen as a vote of confidence in the UK.

However, the post-Brexit surveys have been mixed and hard data will only be available in the autumn. Anticipation of looser monetary policy played a part in the bounce, says Elaine Moore in the FT.

The mid-caps also still make around half their sales overseas, and the multinational companies have done much better than their domestically orientated counterparts.

66% off newsstand price

12 issues (and much more) for just £12

That’s right. We’ll give you 12 issues of MoneyWeek magazine, complete access to our exclusive web articles, our latest wealth building reports and videos as well as our subscriber-only email… for just £12.

That’s just £1 per week for Britain’s best-selling financial magazine.

Click here to take advantage of our offer

Britain is leaving the European Union. Donald Trump is reducing America’s role in global markets. Both will have profound consequences for you as an investor.

MoneyWeek analyses the critical issues facing British investors on a weekly basis. And, unlike other publications, we provide you with the solutions to help you turn a situation to your financial advantage.

Take up our offer today, and we’ll send you three of our most important investment reports:

All three of these reports are yours when you take up our 12 issues for £12 offer today.

MoneyWeek has been advising private British investors on what to do with their money since 2000. Our calls over that period have enabled our readers to both make and save a great deal of money – hence our position as the UK’s most-trusted investment publication.

Click here to subscribe for just £12