ITA40 lowest since March

Moods on equity markets are far from upbeat but while DE30 or US indices hover above this month’s lows, ITA40 has just slumped to the lowest level since early March. The reason for underperformance of the Italian index is fiscal situation. The European Commission considers placing Italy in excessive debt procedure and markets fear this will lead to a fresh conflict with the Italian government. ITA40 trades just above the psychological level of 20000 points.   

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Morning wrap
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