Volatility Alert: Italian Constitutional Referendum – Will Italy be Next to leave the EU?

November 30, 2016

Euro in Focus - Will Italy be Next to leave the EU?

Volatility Alert: Italian Constitutional Referendum – Will Italy be Next to leave the EU?

This article is originally referred from Fortrade News

euro-in-focus-will-italy-be-next-to-leave-the-eu-fortrade-italian-referendum

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

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