FTSE down on renewed Italian fears

<p>It was a negative start across European markets, with the FTSE down 1.3%, CAC down 2.3% and the FTSE MIB down 4%. There are concerns […]</p>

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It was a negative start across European markets, with the FTSE down 1.3%, CAC down 2.3% and the FTSE MIB down 4%.

There are concerns over renewed crisis in Europe as there has been no clear outcome in the Italian elections.

The Parliamentary deadlock in Italy threatens to blow Europe’s largest debtor off the reform path

A 10-year Italian bond sale tomorrow will give further indication to market sentiment.

Here in the UK, the banking sector was hardest hit, with Barclays topping the loser board, down over 4%.

It was quiet on the economic data front here in the UK and Europe. Looking ahead to today, keep an eye out for the US House Purchase Price Index at 2pm GMT.

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