Italy Is Staging A Big Rally, With Just A Few Hours To Go Before Polls Close

Polls close in the hotly contested national election in just under 6 hours.

The reason why the whole world is watching is that Italy is Europe’s largest debt market, and a turn away from the current “reform” path would be seen as significantly destabilizing.

There are worries that strong performances today by either Silvio Berlusconi or Beppe Grillo (the anti-bank populist comedian) will create chaos.

We’ll be covering the results LIVE all day.

In the meantime, Italy’s FTSE MIB index is up nearly 1%, and yields on the country’s borrowing costs are falling nicely.

Here’s the stock market rally.

ftse mib

Photo: FTSE MIB

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

italy moneygame-us