Italian bond yields open with a large gap down to start the week
Seems like investors are cheering on comments over the weekend by economy minister Tria that the new government is not going to leave the euro and to also cut debt levels. Tria also talked about handling initial policy moves in a fiscally sustainable manner - and that is one reason for investors to be a bit less freaked out for the time being.
That will give Italian banks stocks a good lift, and we're seeing the turn of the tide in equity futures now. Eurostoxx is now up by 0.7%, DAX futures up by 0.6%, CAC 40 futures up by 0.5%.
