Global markets are waking to the news that Greece has voted against accepting austerity measures outlined by the nation’s international creditors, and they’re not happy.
In early trade US S&P 500 futures have fallen by 1.2% with those for the DAX in Germany and FTSE in the UK off by 3.3% and 2.3% respectively.
On currency markets the Australian dollar has been thumped, falling to a fresh six-year low of .7453 before rebounding modestly in recent trade. Elsewhere the euro has fallen 0.8% against the US dollar, having initially rallied on the “no” vote decision, while the Japanese yen and Swiss franc, two currencies that benefit from heightened risk aversion, are higher by 0.35% and 0.25% respectively.
Gold, despite the US dollar index rallying 0.5%, has risen 0.4% to $1172.31 an ounce while front-month WTI crude futures have slumped 3.85% to $54.74 a barrel.
We’ll update this page as more markets come online.