- Shares in Italy (EWI) are -0.1% following the decision yesterday by the country's High Court to confirm Silvio Berlusconi's conviction for tax fraud and a four-year prison sentence, which he's anyway unlikely to serve.
- The high court sent a ban on Berlusconi holding public office back to a lower court for review.
- The ruling exacerbates the fissures within the ruling coalition, with members of Berlusconi's People of Liberty group threatening to bring the government down if the conviction were upheld. Members of the Democratic Party of PM Enrico Letta don't like being allied to Berlusconi.
- Italian bonds (ITLY, ITLT) are just as tame as stocks, with 10-year yields down 2 bps at 4.35%.
Italian markets give a shrug to confirmation of Belusconi conviction
From other sites
at Nasdaq.com (Jan 12, 2015)
at Benzinga.com (Dec 31, 2014)
at Benzinga.com (Dec 30, 2014)
at Benzinga.com (Dec 29, 2014)
at Benzinga.com (Dec 26, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs