The Dow slumped points to the lowest level in over three months. That's on top of Friday's plunge that wiped out points from the index. The combined loss of nearly points makes the post-Brexit turmoil the worst two-day period for U. European stock markets came under heavier pressure and the pound dropped to a fresh low Monday following the U. If you're in North America, go here to watch CNN's Brexit coverage live.

The pound sank 3. Benchmark indexes in London, Paris and Frankfurt lost 2.

Ireland, a major trading partner of the U. Big banks were again targeted, and shares in Barclays BCS and RBS RBS were briefly halted in London due to extreme selling.

Those question marks were highlighted by U.

Prime Minister David Cameron, who told lawmakers on Monday that he will not trigger Article 50 at this stage. He said that move, which would officially start the exit process, will be up to his successor. The comments underscore how confusion is likely to remain for months or longer.

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A weak pound might help boost U. If they start pulling money out, the U. The reaction from Asian stock markets, many of which had suffered heavy losses in the immediate aftermath of the vote, was less extreme.

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Best dividend stocks 2016 india major Asian markets closed the day a bit higher, after swinging throughout the day.

Japan's benchmark Nikkei gained 2.

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The gauge of market sentiment slipped further into "fear" territory on Monday after sitting comfortably in "greed" just last week. British voters chose to leave the EU in a referendum on Thursday.

Still, the vote has far-reaching economic and introducing broker managed futures implications. European stock markets wiki EU leaders called on the U.

Prime Minister David Cameron quickly resignedsaying is the stock market open today columbus day would be up to the new leader to negotiate with the EU. But it will take months for the Conservative Party to elect a new leader. Meanwhile, the main opposition Labour Party also fell into chaos after the vote.

London banks will pay the 'price' of Brexit. Amid all that, the european stock markets wiki rating agency Moody's said it may cut the U. One of the biggest unknowns is whether the U. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important 60 sec binary option with paypal on the calendar.

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Brexit turmoil deepens global stock selloff. CNNMoney New York, Hong Kong and London First published June 26, Social Surge - What's Trending.

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