Global Markets Fall Sharply After Greek ‘No’ Vote

Stock markets and oil prices fell Monday after Greece’s voters overwhelmingly rejected reform proposals from international creditors

LONDON—Stock markets and oil prices fell Monday after Greece’s voters overwhelmingly rejected reform proposals from international creditors, a verdict that’s reinforced fears the country may be heading out of the euro currency.

Still, the market declines are not as dramatic as many had feared, something analysts are crediting to the resignation of the Greek finance minister, which might help bailout talks resume.

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