November 28, 2012 5:28 AM GMT
Italian stocks and bonds gained in early trade on Monday as a low turnout in Italy's general election encouraged investors to bet on a victory of a pro-reform centre-left coalition.Milan's FTSE MIB raced up 2.2 percent to 16,592. Elsewhere in Europe, the FTSE 100 index of leading British shares was up 0.8 percent at 6,386. The euro was also firm, trading 0.4 percent higher at $1.3268.
Former comedian Beppe Grillo has rejected
claims a large success by his Five Star Movement would make it impossible for
any other party to form a stable government.
"[Italy is} already ungovernable under the current system, made of fake economists and fake politicians," Grillo said after casting his ballot in Sant'Ilario, Genoa.“Even Huey, Dewey, and Louie Duck are better than theses politicians.”
“Record unemployment, especially among the young, tax increases and the spate of banking scandals hitting the country's largest lenders have all pushed the upcoming elections into uncertainty.”More: Mario Monti's Short-Term Success and Long-Term Problems [VIDEO]
Sky-Tecne data for the Chamber of Deputies: Centre-right almost 30%, 5 Star Movement close to 20%. Ingroia’s result was disappointing: 3,5%. Affluence has dropped sharply: at 22:00 last night, the voting result was 55% compared to 62,5% in 2008. Regional elections however saw a boom in voters
annamaseraFeb 25, 2013 at 9:10 AM
#Italyvote SKY LAZIO INSTANT POLL SENATE: Centre-left 35%;Centre-right 30%; 5SM 18%;Civic Choice Monti10% Civil Revolution3%; Other(1%)La Stampa Livevia twitter on Feb 25, 2013 at 9:47 AM
Italian shares rose sharply and bond yields fell after initial polls from the country's parliamentary elections show a firm lead for the centre-left coalition of Pier Luigi Bersani.
#Italyvote Sky Sicily Instant Poll - Senate: PD, Sel and others:32%; PDL, Northern League, others: 29%; 5SM: 23%;Monti for Italy:8%La Stampa Livevia twitter on Feb 25, 2013 at 10:03 AM
PD (DEMOCRATIC PARTY): "TODAY IS THE BEGINNING OF THE THIRD REPUBLIC, WE ARE READY" #italyvote
Turnout at a historical minimum: at the polls only tre out of four voters.
Reactions, Pd (Democratic Party): “Today is the beginning of the Third Republic, we are ready". Polls closed. Focus on the uncertain Regions (regional elections for the local president): the centerleft conquered Lazio (the Region of Rome) and is ahead in Sicily and Campania (the Region of Naples). Thus the Pd together with its allies may have the majority also at the Senate ("Palazzo Madama").annamaseraFeb 25, 2013 at 10:24 AM