LIV-EX - MARKET UPDATE
Talking Trade: 24th – 30th June
The week in fine wine was dominated by the result of the EU referendum. Jane Anson writing in Decanter described the view on Brexit in Bordeaux, while The Drinks Business provided a round-up of reactions from key figures within the drinks trade.
Harpers reported on Liv-ex’s experience that following initial reactions, the fine wine market was returning to normality – although Sterling weakness has led to increased dollar-based buying.
Despite financial volatility, the Liv-ex Fine Wine 50 closed the week on 292.16, up 1.8% on last week’s close. This puts the index up 10.3% year to date, rising 27.28 points on 2015’s close of 264.88.