Lunedì, 22 Ottobre 2018

Financial markets jump on hope of strong Italian government


Rome, February 25 - Italy's main financial markets
jumped by more than 3% in late-day trading Monday after early
exit poll results suggested the center-left had taken a strong
Financial markets had been on edge leading up to Italy's
general election held Sunday and Monday, amid investor fears of
an unstable government.
However, an hour before markets closed, the FTSE Mib index
had gained 3.8% on news that a solid majority government could
be possible.
A raft of banking stocks were suspended for excessive
Pier Luigi Bersani's center left showed a significant lead
in early exit polls for both houses of government, capturing
34.5% of the vote in a Tecne' poll for Sky Italia.
That could mean the center-left coalition has won as many
as 340 seats to give it a large majority in the Lower House,
said the exit poll taken shortly after voting booths closed
Monday afternoon.
The center right won 140 seats, the anti-establishment Five
Star Movement (M5S) won 91, and the center won 46, a Tecné poll
Tecne' also said the center left had 37% of votes for the
Senate, with the center right taking 31%, M5S taking 16.5% and
the coalition of outgoing Premier Mario Monti winning 9%.
Pundits said the results of the Senate vote could depend on
who won Lombardy, where the race was too close to call.

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