It’s Monday morning in New York and the ‘Brangover‘ is in full effect.
On Monday, US stock futures were down about 0.6% across the board while stocks in Europe were getting crushed again and the British pound continued its slide against the US dollar.
Near 8:50 a.m. ET, Dow futures were down about 105 points, S&P 500 futures were off 12, and Nasdaq futures were down 32.
Stocks in Europe were also taking it on the chin with the Euro Stoxx 60 falling over 2%, the Dax in Germany losing 2.2%, the CAC in Paris falling 2.2%, while London’s FTSE 100 was seeing slimmer losses falling about 0.3%.
The British pound, meanwhile, was down another 3.6% against the US dollar to trade as low as $1.318. The euro was also losing ground against the dollar, sliding below $1.10.