E-mini futures on the Standard & Poor’s 500 Index fell 1.6 percent to 2,036.50 as of 8:01 a.m. in Sydney. Contracts on the Dow Jones Industrial Average retreated 1.6 percent. Markets reopen on Monday in New York after a Friday holiday.
With 87 percent of votes counted in the Greek referendum on austerity measures that are required in return for financial aid, “no” was ahead with 61 percent, data on the Interior Ministry website show.
“There is now going to be a period of market uncertainty as we transition through the what-next phase,” Chris Green, Auckland-based director of economics and strategy at First NZ Capital Ltd, said by phone. “There’s a flight to safety. There’ll be a couple of days of head scratching and trying to assess what the next political moves will be.”
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