This article is originally referred from Fortrade News
The Brexit vote and Donald Trump’s election have made traders uneasy about the future of Europe’s single market economy.
Italian banks and stocks are now in focus as Italy – the 3rd-largest national economy in the Euro Zone – prepares to carry out a referendum on whether it should stay in the euro area.
The constitutional referendum will be held on Sunday, 4 December 2016. Italian Prime Minister, Matteo Renzi, has pledged to resign if he loses the vote.
Volatility in euro currency pairs and Italian-based CFDs is anticipated to be high regardless of the referendum’s outcome.
These are the ones most likely to be effected:
|Financial Instrument||BUY Price*||SELL Price*|
|FTSE MIB index (Italy’s stock index)||16762.0||16753.0|
|Banco Popolare Sc (BP:MIL)||1.92||1.83|
|Unione di Banche Italiane SpA (UBI:MIL)||2.10||2.08|
|Fiat Chrysler Automobiles NV (FCA.MI)||7.33||7.20|
|Eni SpA (ENI:MIL)||13.03||12.99|
* CFD ‘Buy’ and ‘Sell’ prices as of Wednesday, November 30th at 10:22 GMT.
What’s next for the Euro?
Don’t miss your chance to capitalise on this top trading opportunity!
Original Source: Fortrade News