EUR/USD: SHORT TERM TRADER: Small long at 1.2267; stop below 1.2200. Target 1.2500. Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

President Mattarella plays for time
Several vying to lead the government

The complex web of votes and political parties following Sunday’s general election in Italy might take months to untangle. Whoever wants to lead must prove that they have enough support in both houses of parliament. Little surprise that Milan’s main stock market index closed in the red yesterday.

Bloomberg reports that viewing figures for the 90th Academy Awards ceremony broadcast late on Sunday saw a drop of almost 20 per cent from the previous year. Last year a total 32.9 million viewers saw the televised programme while this year they managed a record low 26.5 million, adding to the film industry woes where many of the movies up for awards grossed less
than $100 million at the box office.

Financial & Political Commentary

 

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