The only indicator that matters — Italian bond yields — is improving this morning.
Here’s an intraday look at the yield on the Italian 10-year:
And so, because it’s falling, stocks are rising.
Germany is up 0.8%.
Milan is up 1.7%
France is up 0.9%.
New Italian PM Mario Monti is expected to officially announce his cabinet today, which might be juicing sentiment a little bit.
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