Italy focuses on establishing new government

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

On Wednesday Berlusconi claimed to support early elections. He suggested Angelino Alfano, the leader of his People of Liberty party, as a potential premier candidate. Berlusconi has agreed to resign after government will approve budget cuts required by EU affiliates. Parliament is planning to vote on austerity measures in upcoming weeks.  

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Wed, 09 Nov 2011 10:41:26 GMT

European equity markets rally on morning trade

European security markets advanced rapidly on Wednesday as investors absorbed news of Italian PM's resignation after government approves cost reductions. In morning trade Stoxx Europe 600 index added 0.8% to 242.45, France's CAC-40 index edged up 0.9% reaching 3,171.14 while Germany's DAX 30 index jumped 1.2% climbing to 6,032.48 and U.K.'s FTSE 100 index increased 0.4% to 5,589. Italy's FTSE MIB index gained 0.6% to 15,751.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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