Global stocks are having a muted reaction to Italy's "no" vote in its constitutional referendum Sunday. Michael Ingram, a market analyst at BGC Partners in London, says a selloff didn't occur in global stocks because the polls heading into the referendum showed how the "no" vote was ahead. The euro actually rose against the dollar while the FTSE Italia All-Share Banks Index slumped some 4%. Italy's prime minister Renzi resigned amid the "no" vote. TheStreet's Scott Gamm reports from Wall Street.