Oh, There Is One Country Doing Badly This Morning...

vespas italy

Photo: Wikimedia Commons

Markets are mostly serene ahead of the big Non-Farm Payrolls report in the US, but there is one market that’s underperforming… and that’s Italy.We can’t stop talking about Italy, and the market isn’t stopping being concerned.

The main FTSE MIB index is down just slightly, but 2-year debt is up notably.

Shares of the big bank Unicredit are down 0.4%. Another bank, Banca Popolare di Milano Scarl is off 1.2%.

Meanwhile, Italian industrial production fell 0.6%, far worse than the 0.1% decline expected.

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