Italy Is A Disaster This Morning, And The Euro Is Getting Crushed

Today is a classic.

The data from the US is excellent, especially the ADP jobs report.

On the other hand, Europe is looking horrid.

Shares of Italian bank UniCredit are down 14%, following the 7% loss yesterday.

Italy’s FTSE MIB index is off over 3.6%.

The euro is below $1.28.

There’s a headline about Italian PM Mario Monti flying to Brussels.


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