Italy is the outlier today, its banks leading the market -1.5% after UBI Banca announces a...

|By:, SA News Editor

Italy is the outlier today, its banks leading the market -1.5% after UBI Banca announces a surprise capital increase of €1B. UBI is off more than 10% in Milan, with other Italian banks down 5-9%. The Italian ETF {EWI} +13.0% YTD.