US STOCKS-Futures lower as investors absorb Brexit shock

lunes 27 de junio de 2016 07:28 GYT
 

* Futures down: Dow 104 pts, S&P 12.25 pts, Nasdaq 32.25 pts

By Yashaswini Swamynathan

June 27 (Reuters) - U.S. stock index futures were lower on Monday as investors assessed the implications of Britons voting to leave the European Union, a decision that sparked a global selloff on Friday.

* The so-called "Brexit" vote threw markets off-balance as investors worried over the consequences and fled to safe-haven assets such as gold and government bonds.

* Wall Street marked its worst day in 10 months amid massive trading on Friday as investors who had pinned their bets on Britain remaining in the EU were caught wrong-footed.

* The $2.08 trillion dollar loss across global equity markets was the biggest one-day fall ever, according Standard & Poor's Dow Jones Indices, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis.

* Uncertainty surrounding when and on what terms Britain will end its membership is expected to fuel volatility in the next few weeks.

* European stocks were hammered for a second day and the sterling fell more than 2 percent. The dollar and gold rose, while the yield on the 10-year U.S. treasury bond fell on Monday.

* The vote, which Federal Reserve Chair Janet Yellen had said would have significant repercussions on the U.S. economic outlook, is expected to reduce the Fed's ability to raise short-term interest rates.   Continuación...