What happened on Monday after "No" from Greece on Sunday

In European Equity Markets the euro zone's blue-chip share index fell 1.7 percent on Monday after Greek voters rejected austerity measures demanded in return for a debt deal, raising concerns about the country's possible exit from the euro zone. Banks were the worst hit, with the Euro STOXX banks index down 2.1 percent. Italy's Unicredit and Intesa Sanpaolo both were down more than 3 percent. Spain's Santander, France's Societe Generale and Germany's Deutsche Bank all fell about 2.5 percent. The euro zone's blue-chip Euro STOXX 50 index was down 1.7 percent after setting a five-month low, while the pan-European FTSEurofirst 300 index fell 1.2 percent.

In Currency Markets the euro tumbled across the board on Monday, but was off the lows of the day, after Greece voted to reject the conditions tied to the troubled country's debt bailout deal. The single euro zone currency dropped to a one-week low against the dollar below $1.10, and skidded to a six-week trough versus the yen immediately following the "No" outcome. Selling was also seen in other higher-yielding currencies such as the Australian dollar and emerging market currencies. In mid-morning New York trading, the euro was down 0.6 percent at $1.1042, after falling to a one-week low at $1.0970. Against the yen, the euro fell 0.5 percent to 135.45 yen.

In Commodities Markets oil prices tumbled their most in three months on Monday, with U.S. crude falling 5 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets. Adding to the pressure on oil markets, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could add more oil to oversupplied markets if sanctions on Iran are eased. The self-imposed deadline could be extended again, officials at the negotiations said. U.S. crude was down $2.61 at $54.32 a barrel by 11:30 a.m. EDT. Brent fell $1.60, or 2.7 percent, to $58.72,

In US Equity Markets stocks fell in early trading on Monday after Greeks overwhelmingly rejected conditions of a rescue package from creditors, throwing the future of the country's euro zone membership into further doubt. All 30 Dow components were in the red and nine of the 10 major S&P 500 sectors were lower. The energy index led the declines with a 1.6 percent fall as oil prices fell more than 3 percent after the Greek referendum and on a strengthening dollar. Health insurer Humana's shares rose 1.7 percent to $190.23 after bigger rival Aetna said on Friday it would buy the company for about $37 billion. Aetna fell 6 percent at $118.12.