Italian Stocks Attempt Comeback Amid Tepid European Market

Wednesday, 30 May 2018 15:30 WIB

Indeks Stoxx Europe 600SahamEropa

A modest recovery in Italian stocks failed to lift European equities more broadly in early trading on Wednesday, as investors mulled the possibility of fresh Italian elections as early as July.

The pan-European STOXX 600 index was down 0.1 percent at 383.98 by 07.22 GMT, while Germany's DAX rose 0.2 percent.

Late on Tuesday sources said that Italy may hold repeat elections as early as July after the man asked to be prime minister failed to secure support from major political parties for even a stop-gap government.

Worries over Italian politics and the country's future in the European Union have hit European stocks this week, with Italy's benchmark FTSE MIB touching its lowest level since July 2017 on Tuesday. Italian banks, which dropped 4.7 percent in the previous session, rose 0.6 percent.

Source : Reuters


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