Sunday July 5, 2020

Share report: Italy weighs on markets

European stocks declined as Italy’s inconclusive election renewed concern that the nation will dilute its austerity program and Europe’s sovereign-debt crisis will deepen.

26th February, 2013
In Dublin, the Iseq index bucked the trend and was up 0.7 per cent.

European stocks declined as Italy’s inconclusive parliamentary election renewed concern that the Mediterranean nation will dilute its austerity program and Europe’s sovereign-debt crisis will deepen.

Italian shares led the retreat, with the FTSE MIB Index tumbling 4.9 per cent. Telecom Italia slumped to a 15-year low as contracts to protect against a default by the country’s biggest phone company surged.

In Dublin, the Iseq index bucked the trend and was...

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