SCOREBOARD: Viva Italia!

New stability for Italy's government and US easing talk saw European markets bounce and Wall Street record new highs.

It looks as though political resolution in Italy and perhaps a hint that the Fed may not pull in QE at their meeting this Thursday (surprise, surprise) has given markets a boost – and this time commodities joined in the fun, too. Gains were good with the major European indices closing 1.5 per cent higher on the CaC, 0.8 per cent on the Dax and 0.5 per cent on the FTSE.

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