Brexit vote upsets investors and stocks are tumbling. In this article, we summarise events that took place on Monday according to DPA and Bloomberg.
Today, German Dax fell to its lowest level since 25th February. DAX tumbled 288.5 points and closed down 3% at 9268.66 points. German MDax and TecDax fell 4.58% and 4.15% respectively. Major French index CAC 40 dipped 2.97% to 3984.72 points. British FTSE100 closed down 156.49 points or 2.55% at 5982.20 points. EuroStoxx 50 fell 78.65 points or 2.83% to 2697.44 points.
Stocks of the large companies across Europe continued to fall. EasyJet airlines plunged more than 22 percent. Royal Bank of Scotland shares lost just over 15 percent, while British construction group Taylor Wimpey was also nearly 15 percent down.
Stocks fell in the US as well. Dow Jones Industrail Average was in the late afternoon CET at 17153.66 points which represents 1.42% decrease compared to Friday. Index S&P 500 fell 1.79% and Nasdaq Composite fell 2.25%.
Asian markets had steadied a little but continued to sell-off the British pound. British economy is vulnerable and lost its triple-A credit rating. Bank of England is expected to cut interest rates by 25 basis points next month to 0.25% according to Fortune. Below, key figures are summarized as at around 3.45pm GMT.