London | Euro 2020 semi-final victories for England and Italy mean football’s either coming home or going to Rome, but the past 20 years show that hoisting the European Championship trophy can also lift a sharemarket.

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

Reuters