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European Markets Close Down, Italy Tanks

News Link • Economy - International

European Markets Close Down, Italy Tanks

10-29-2012 • Matthew Boesler Business Insider

Italy is leading shares lower, down 1.4 percent.

The losses follow comments by former prime minister Silvio Berlusconi suggesting he may challenge the current Italian government.

Perhaps more important in fueling the drop were polls showing surging support for the rising Five Star opposition movement, led by comedian Beppe Grillo, in regional Italian elections.

France is off 0.7 percent, and Spain is down 0.6 percent on the day.

Germany is the outperformer today, down 0.3 percent.

Elsewhere, Greece is getting crushed, down over 6 percent on delayed bank earnings results.

Read Full Story

Reported by Robert Lee

•

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