UPDATE 1-Italian stocks' recovery short-lived as fresh elections loom [Reuters (UK)]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
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Source: Reuters
UPDATE 1-Italian stocks' recovery short-lived as fresh elections loom | Reuters Reuters Staff 4 Min Read * STOXX 600 up 0.1 pct * Italy’s FTSE MIB turns negative * Spain’s IBEX holds firm * FTSE 100, U.S. markets closed * Paper firms rise on Chinese acquisition in U.S. * Genmab sinks after halting drug trials (Updates prices, adds quotes, details) By Helen Reid LONDON, May 28 (Reuters) - A rally in Italian stocks on Monday proved short-lived as investors fretted about uncertainties ahead with the country looking set to hold fresh elections after anti-establishment parties’ government plans unravelled. The Five-Star and League parties abandoned efforts to form a government after Italy’s President vetoed their choice of a eurosceptic economy minister, sending Italian bond yields lower and Italy’s main FTSE MIB stock index sharply higher, while the euro also made gains. But analysts and investors said likely new elections risked centring the debate on euro membership and delivering an ev
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