Market Comment | Calm market response to the "No" vote in Italy’s referendum

Calm market reaction as the “No” vote in the italian Constitutional referendum. Italian banking sector declined and the Italy’s risk premium widening after Prime minister, Matteo Renzi, resigned (see) in the aftermath of the the referendum result held yesterday (see results). Nonetheless, there has been no sizeable contagion to the European periphery or the euro. […]

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