ROME: European equities closed lower on Monday, after Greece voted “no” to reform proposals in the country’s referendum on Sunday and the country’s Finance Minister Yanis Varoufakis resigned.
The pan-European Stoxx Europe 600 finished the day around 1.3 percent lower. Major bourses pared losses in the afternoon, however all closed in the red.
U.K.’s benchmark FTSE 100 index ended the day down around 0.8 percent, while the French CAC closed 2 percent lower and the German DAX was down by 1.5 percent.
Peripheral bourses suffered the most, with Italy’s FTSE MIB closing around 4 percent lower.
