LONDON Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Union last week.
NEW YORK Britain's shock vote to leave the European Union roiled global markets for a second day on Monday, hammering U.S. and European banks, lifting bond and gold prices, and dragging the British pound to a 31-year low. | Video
WASHINGTON Senior Obama administration officials sought to calm jittery markets on Monday, insisting there was no financial crisis brewing after Britain's vote to leave the European Union and urging officials on both sides to take a "responsible" approach to the looming separation.
NEW YORK The British pound fell to a 31-year low against the U.S. dollar on Monday on anxiety over the aftermath of Britain's decision to quit the European Union, with analysts anticipating an even steeper drop in coming months, while the euro also dipped.
NEW YORK Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain's shocking vote to exit the European Union threatened to sap more strength from oil's rebound this year.
June 27 Britain's FTSE 100 index is seen opening down 160-172 points at the open on Monday, which would mark a percentage drop of 2.6-2.8 percent, according to financial bookmakers. Futures for the index were down 1.7 percent at 0619 GMT.
* Indexes down: Dow 1.57 pct, S&P 1.85 pct, Nasdaq 2.45 pct (Updates to late afternoon)
MILAN/LONDON, June 27 European shares fell on Monday, with banks making their biggest two-day loss on record as uncertainty over Britain's decision to leave the European Union continued to rock global markets.
TOKYO, June 27 Japan's Nikkei share average recouped some of last week's steep declines on Monday, as government officials stepped up warnings that they may intervene in currency markets to stabilise the yen after Britain voted to leave the European Union.
June 27 Hong Kong shares were little changed on Monday after Friday's plunge, as the panic sparked by Britain's decision to leave the European Union eased.
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