European markets edgy on Italian turmoil as ECB ponders urgent meeting – as it happened

Wall Street and Asia fall sharply as investors fear new elections could bring further uncertainty to Italy 2.49pm BST After Tuesday’s sharp falls in the wake of the Italian political crisis, most European markets tried their best to regain some of the lost ground.Italy’s FTSE MIB is currently up 1.7%, Germany’s Dax is 0.7% higher, Spain’s Ibex has added 0.4% and the FTSE 100 is up 0.14%. But France’s Cac remains in negative territory, down 0.27%. On Wall Street, the Dow Jones Industrial Average is up 170 points or 0.7%. 2.36pm BST The European recovery may in some cases be a little tentative, but the Wall Street rally looks a little more substantial.The Dow Jones Industrial Average is up 160 points or 0.66% in early trading, while the S&P 500 has opened up 0.47% and the Nasdaq Composite is 0.43% higher. Continue reading…
Via: European markets edgy on Italian turmoil as ECB ponders urgent meeting – as it happened