Trading slows to a crawl

08/11/2011 | 02:56 GMT

Tight ranges have been the order of the day with Asia showing no interest to get involved ahead of the Italian budget vote – debate begins at 1230CET. The market fears the debate will be defeated and Berlusconi will be forced to resign. The market of course views this as goods news and are wary of an ensuing risk rally. It all seems rather absurd but this is what happens when markets think they can analyze politics. Little wonder nobody wants to play today.

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