Mensajepor luisgarciaar » Lun Sep 30, 2013 1:05 pm
Nos salvó la campana en Milán,
UPDATE 2-Italian stocks, bonds recover ground as election risk abates
(Recasts with concerns abating amid hopes of a new coalition)
By Lisa Jucca
MILAN, Sept 30 (Reuters) - Expectations that a rebellion within Silvio Berlusconi's party may avoid snap elections in Italy pulled bond yields off the day's highs and curbed stock market losses.
Investors had sold Italian government bonds and shares earlier on Monday after Berlusconi pulled the rug from under Prime Minister Enrico Letta's frail coalition government by ordering five centre-right ministers to quit.
But the market turned after Reuters reported that as many as 20 senators from Berlusconi's centre-right party were ready to break away unless the media tycoon backed down from his hard line. This may help Letta build a new workable majority.