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Stocks drop for second day after Brexit vote


NEW YORK Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months. | Video

S&P strips UK of last top-notch credit rating after Brexit vote

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.

7:53pm BST

Banks pull stocks lower as Brexit continues global rout

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

8:46pm BST

U.S. officials try to calm markets, urge 'responsible' UK-EU divorce

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.

4:18pm BST

Sterling hits 31-year low on Brexit vote aftermath, euro slides

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.

8:44pm BST

Brent crude tumbles to seven-week low on dollar rally, Brexit turmoil

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.

9:03pm BST
World Markets

UPDATE 1-UK Stocks-Factors to watch on June 27

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.

US STOCKS-Wall St sings Brexit blues, set for brutal two-day drop

* Indexes down: Dow 1.57 pct, S&P 1.85 pct, Nasdaq 2.45 pct (Updates to late afternoon)

Banks drag down European shares as Brexit sell-off continues

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.

Nikkei rebounds on currency intervention optimism after Brexit

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.

Hong Kong shares edge down as panic over Brexit impact eases

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.

9:11am BST
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