The bear enters the European markets.
Bad session in light of eurozone macroeconomic data.
The contraction of economic activity scares the markets.
Piazza Affari - on the last day of trading before the vote - is in the black jersey: the Ftse Mib loses 3%.
London, Frankfurt and Paris yield more than two points.
In the meantime, Wall Street has also opened: Dow Jones down 1.29% and the Nasdaq down 1.90%.
Markets are alarmed by the recession and the Federal Reserve's anti-inflation recipe is not convincing.
Goldman Sachs cut its year-end target for the benchmark S&P 500 index by 16.
The outlook for recession is causing oil prices to drop: US brent and crude oil plummet, leaving over 4% on the ground.
The euro touches a 20-year low and is trading at 0.9756 against the dollar.