Europe concerned with Italian election outcome

The post election stalemate in Italy, where no political group secured a clear majority in parliament, is causing concerns among European officials and a stir in the markets. Italian FTSE MIB fell by 4.60% on Tuesday while the yield on the country’s benchmark 10-year bond rose to 4.79%.
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US Housing Price Index (MoM) rises to 0.6% in Dec from 0.4% in Nov

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