Italy: Prime Minister Giuseppe Conte officially resigns
|Italian Prime Minister has officially resigned, Reuters reported on Tuesday, citing a statement released by the President's office.
The press release further revealed that the President will start consultations with political parties on Wednesday on how to resolve this crisis. Additionally, the President has asked Conte to stay on in a "caretaker role" while consultations take place.
Market reaction
There was no immediate market reaction to this headline. As of writing, Italy's FTSE MIB Index was up 1.3% on the day at 22,019. Meanwhile, the EUR/USD pair was virtually unchanged on the day at 1.2140.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.