São Paulo - European stocks extend losses on Monday amid uncertainty about the consequences after the UK opted out of the European Union, which led the pound to reach the lowest level in 31 years.
Similarly, the interest of the British sovereign 10-year bond dropped to less than 1% for the first time in history in business.
At 8:55 a.m. (GMT), the London Stock Exchange retreated 2.09%, Paris lost 2.12% and Frankfurt fell 2.23%. Already the Madrid Stock Exchange was down 1.59%, Milan lost 2.54% and Lisbon lowered 1.68%.
The climate of tension still weighs on the bags. Anticipating a strong wave seller in today's trading session, the Finance Minister of the United Kingdom George Osborne, sought to calm the families, businesses and financial markets to ensure that the UK economy remains strong, after the victory of Brexit last week.
Osborne, who spoke to reporters before the opening of the London Stock Exchange, said that the UK economy is strong and that its banks and financial system are healthy. Still, the attempt to calm the mood was not enough.
The market continues to cautelo now know the plebiscite decision of the developments.
Over the weekend, the foreign ministers of the six founding nations of the European Union claimed that the United Kingdom take the steps to make the European bloc "as soon as possible."
Ministers of France, Germany, Italy, the Netherlands, Belgium and Luxembourg, which met in Berlin on Saturday said that the British government must quickly implement Article 50 of the Treaty on European Union, which is the output of a group member, so that the block go ahead normally.
Negotiations can take up to two years after formal notification of the intention to leave for the United Kingdom.
Yesterday, the managing director of the International Monetary Fund (IMF), Christine Lagarde, warned of more volatility and uncertainty in the markets if the UK authorities do not provide certainty to investors quickly and guidance on the new state of their relationship with the European Union.
The Lagarde alert has been confirmed. This morning, the pound continued to fall strongly pressed further by the unexpected result of a Brexit, leading the currency to reach the lowest level in 31 years against the dollar. At the time above, the pound fell to US $ 1.3199.
Meanwhile, the interest of the British sovereign 10-year bond dropped to less than 1% for the first time in history in business today, reflecting the high prices of Gilts, as they are called roles.
The drop in income Gilt comes amid bets that the Bank of England (BoE, the acronym in English) will expand monetary stimulus after the plebiscite.
Amid fears once again the bank stocks follow penalized, since the banking sector is one of the most interconnected of Europe.
Among the largest declines, highlighting the roles of Barclays in London, with a low of 4.55% and Italian Unicredit in Milan, with a decrease of 7.71%.
Elsewhere in Europe, it is worth noting that the Madrid Stock Exchange opened up 1.5%, reflecting the results of parliamentary elections in Spain since the nation took a step to end political uncertainty for months has plagued security investor.
On Sunday, the election in Spain - the second in six months - yielded no clear majority for any party, but signaled an increase in popularity of the conservative Popular Party (PP), which had 33% of the vote.
According to the analyst of UBS Bosco Ojeda, although uncertainty persists, two government settings are becoming increasingly likely.
Or PP will unite with the centrist party Cuidadanos and govern in minority, or form a grand coalition with the Socialist Party vice-champion.
The stock market, however, was down by bad general mood and could not remain in positive territory.
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