Italy's bank index is down by more than 5% to its lowest in more than two weeks
No surprises there considering the rise in bond yields seen earlier at the start of the session. The thing here is that we're seeing hints of a risk off tone in European equities with losses in other regional equity indices also rather glaring. However, the rest of the market remains unperturbed at this point with little reaction in currencies - apart from the euro - as well as in bonds - apart from Italy.
