Markets Dive on Italian Indecision

TUESDAY MARKET UPDATE: There was no clear winner from the Italian elections, which means political uncertainty is back with a vengeance

Alanna Petroff 26 February, 2013 | 5:43PM
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UK and European markets took a dive on Tuesday after it emerged that there was no clear winner from the Italian elections. Italian voters were torn between three main parties, which raises the prospect of a second election in the next few months.

European policy makers will be very concerned to avert a potential market meltdown given that Italy is too big to save

"The Italian electorate’s indecision has provided a fresh dollop of political risk to the recently calmed financial-turned-eurozone-sovereign-debt-crisis saga," explained Mike van Dulken, head of research at Accendo Markets.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC178.90 GBX-0.28Rating
NatWest Group PLC206.00 GBX0.44Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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