Rome, Italy — It’s my last night here in Italy, so I went out for one last meal, and while I was at the restaurant I glanced up at the TV to see a replay of an earlier interview with Beppe Grillo, the big winner in last night’s election (he […]
[credit provider=”Dealbook screengrab”] Paul Krugman has a great little post up analysing the situation in Europe.He hints that this is the beginning of the end for Europe, and that if the Eurocrats don’t get the lesson that people need growth — not just austere stability — then it’s all over.
[credit provider=”HUD” url=”http://commons.wikimedia.org/wiki/File:Pruitt-Igoe-collapses.jpg”] Last night’s election in Italy is resulting in remarkable market gyrations all around the world. U.S. stocks had their worst day since November. The VIX (a measure of volatility and fear) had an enormous surge. The Italian stock market is down nearly 5 per cent today. The […]
[credit provider=”Andres Rueda / Flickr” url=”http://www.flickr.com/photos/andresrueda/3049901347/”] Morgan Stanley is out with a simple note titled: Closing EUR longs.That translates to English as: Dump your euros.
[credit provider=”Joe Weisenthal, Business Insider”] The most dramatic moment in last night’s Italian election came from the second in command in the centre-left PD party.He announced to a room of reporters that voters had staged a “rebellion” and that the country would likely be ungovernable.
[credit provider=”Beppe Grillo” url=”http://www.beppegrillo.it/”] Rome, Italy — The actual outcome of the Italian election remains in doubt, but there’s no question who the big winner of the night was: Independent rabble rousing comedian Beppe Grillo.His party, the 5 Star Movement, took over 25% of the vote. And actually his party […]
[credit provider=”AP”] We just noted that the Italian market is plunging today — down nearly 5% — after an election that seems virtually guaranteed to lead to a hung parliament or an unstable coalition incapable of doing anything.The vote was not only a rejection of the current “reform” path, it […]
It is a very rough start for Italian markets, following last night’s shock elections, which are likely to result in a hung government.
Citi’s currency guru Steven Englander weighs in on what we just saw in Italy.
[credit provider=”Getty / Brendan Hoffman”] Rome, Italy — It’s still unclear who is going to win the Italian election. It’s a tight race between liberal Pier Luigi Bersani, conservative Silvio Berlusconi, and even the populist Beppe Grillo.But the loser is clear: Elite Europe.
[credit provider=”Joe Weisenthal, Business Insider”] Rome, Italy — We’re live from the Casa dell’Architettura in Rome, where the centre-left Partito Democratico is hosting its election day activities.Over 7 hours after the polls have closed, things have turned to chaos.
Rome, Italy — While we wait for more results in the Italian election, let’s take a moment to recall why Berlusconi has made this such a competitive race, much to the chagrin of world markets, Brussels, and Angela Merkel.
The Italian stock market closed Monday’s session up just 0.7 per cent.
[credit provider=”AP”] Markets have turned red on news that Silvio Berlusconi is doing much better than expected in the Italian election, at least based on Senate polls.Analyst Dave Lutz of Stifel, Nicolaus just IMd a very simple explanation of what’s going on and why it matters.
Rome, Italy — The Italian stock market rally has completely collapsed.
Rome, Italy —The first wave of election polls are out, and the good news for international markets is that it looks like centre-leftists Pier Luigi Bersani is going to win.
[credit provider=”RealtyTrac” url=”http://www.realtytrac.com/trendcenter/”] Rome, Italy — It appears at first blush that left candidate Pier Luigi Bersani has won the Italian election.But these are just exit polls. And beyond that, there’s still some question about the Senate.