European markets got destroyed today, with Italy—in particular, Italian banks—leading the carnage.
FTSE 100: -1.91%
CAC 40: -2.97%
FTSE MIB: -3.83%
IBEX 35: -2.91%
Italian banks led those losses, with Intesa Sanpaolo halted after it fell 6.47 per cent, according to Reuters reporter Michel Rose.
Intesa Sanpaolo: -6.47%
UBI Banca: -5.19%
Banca MPS: -5.26%
The angst was driven by political events over the weekend—French elections, the collapse of the Dutch coalition—as well as sour economic data.
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