The pain in Italy today - FTSE MIB - off 4.6% - is mainly being felt by the "politicized,...

|By:, SA News Editor

The pain in Italy today - FTSE MIB - off 4.6% - is mainly being felt by the "politicized, debt-laden companies," notes one Milan trader (Intesa Sanpaolo -9.9%, Telecom Italia -6%). Multinationals like Eni (E) and Saipem (SAPMY.PK) are all down 2% or less. Eni +1.7%, TI -3.5% premarket.