Italy political crisis hits European stock markets

Italy political crisis hits European stock markets
 

European shares have slumped over continuing political upheaval in Italy.
The prospect of elections as early as September, with the prospect of eurosceptic parties strengthening their position, hit markets.
Italy's benchmark FTSE MIB sank in morning trade, down 3%. The UK's FTSE was down 1.37%, Germany's Dax down 1.85%, and France's Cac down 2%.
And the sell-off in Italian bonds deepened, with the yield on two-year debt breaking through the 2% barrier.
The yield on the bond is set for its biggest one-day jump in 26 years.
Movements in bond prices are important as they affect the cost of... read more

 
29 May 2018 in Business, Views: 50
Source: BBC
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