SCOREBOARD: Italian job

Amid uncertainty over Italy's election outcome European markets saw a modest rise, while Wall Street slumped.

With so much going on – the Italian election, the sequester – it’s difficult for anyone to figure out what’s what, and that’s reflected in last night’s price action. In Italy the talk is of a hung parliament, but no one really knows at this stage. Projections suggest that Berlusconi will take the Senate, while the centre left will win the lower house.

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