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What Next as Italy Heads For Hung Parliament?

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Sunday’s election in Italy appears to have given no party a clear majority — signaling a period of political instability for one of Europe’s biggest economies.As of Monday morning local time, the official vote count indicated that a center-right bloc will gain the most seats in parliament — though that group does not include the day’s top vote-getter, the anti-establishment Five Star Movement.Those results are in line with market expectations. Italy will now try to calm markets, while its many political parties work to form a new government and appoint a prime minister.

Source: Italian election likely to end in hung parliament — here’s what’s next – CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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