European shares reverse losses of about 1% and sit near session highs following the "successful"...

|By:, SA News Editor

European shares reverse losses of about 1% and sit near session highs following the "successful" Italian Treasury bill auction. A writer can be forgiven for losing track of how many times he/she has written the previous sentence this year (insert your favorite of the PIIGS for Italy). Broad European ETF: VGK -16% YTD. Italy: EWI -27% YTD.