Wall Street and the Mexican Stock Exchange fall to close more than 2% after the ‘brexit’ – Expansion MX

MEXICO CITY (Expansion) –

Bank shares tumbled on Friday and led on Wall Street the biggest selloff in 10 months, after . that the decision of the UK to leave the European Union took the unwary operators, according to Reuters

the Dow Jones closed the session with losses of 3.39% to 17,399.86 points, the S & P fell 3.60 % to 2,037.30 points and the Nasdaq lost 4.12% to 4,707.98 units, according to data from CNNMoney

Lee. Mexico reacts to uncertainty caused by ‘brexit’

Mexican Bolsa

the Index of Prices and Quotations, the main Mexican market, closed the session with losses of 2.73% to 44,8885.82 units, according to information from the Mexican Stock Exchange.

for the week, the Mexican Stock Exchange closed 0.93%.

European shares

European shares tumbled on Friday, dragged down by heavy losses in the banking sector after the referendum in Britain voted to leave the European Union sparked turmoil in global markets.

the pan-European index STOXX Europe 600 fell 7% to 321.9 points, suffering its biggest daily loss since 2008, while the FTSEurofirst 300 6.6% collapsed.

Meanwhile, the FTSE 100 index of the London Stock Exchange , fell 3.15% to settle at 6,138 integers

Lee. S & P warns that Britain will lose its prized rating

the British decision also revived concerns about a domino effect the continent, and some investors point to Italy as the next risk, while Spain is about to repeat a general election on Sunday after a failed attempt to form a government, reported Reuters.

“it is no coincidence that (bags) Milan and Madrid are the worst performers. Spain has a general election just around the corner and in Italy the government has just lost a local polls and has a large banking problem that deal, “said Andrea Cuturi of anthilia Capital Partners in Milan, according to news agency .

An escalation of political risk in Europe could push yields on government bonds, which in turn affect the actions of banks in Italy and Spain, countries particularly exposed to sovereign debt.

Oil

Oil prices fell 5% after the decision of the British to leave the European Union provoked a strong aversion to risk and escalation of assets deemed safe such as the dollar, which could derail the recovery of three months oil markets, according to Reuters data.

the perecios West Texas Intermediate (WTI) recorded Tare Losses 1.05% to $ 48.85 per barrel (dpb), while Brent recorded a fall of 4.93% to 48.40 dpb. according to information from Bloomberg at 15:15 hours from central Mexico

Lee. An x-ray to ‘brexit’, who voted for leaving the EU

with information from Reuters and AFP