Markets deliver verdict on new Italian government

Markets reacted calmly to confirmation that a far-right coalition led by Brothers of Italy had won the Italian election, with traders relieved that a low turnout and lack of a landslide reduced the chances of radical action.

Hefner noted that the right-wing alliance’s joint manifesto included proposals for higher spending, such as an increase in the minimum pension, hiring subsidies, and income tax cuts. Such concerns had caused some selling of Italian government bonds in recent months, pushing the spread with benchmark 10-year German bunds above 250 basis points in July, as investors demanded more payment for taking on the risk of Rome’s paper.

“Pending large NGEU [Next Generation EU] disbursements create a major incentive for the next Italian PM to stick to the rule-book and not clash with the EU, at least in the very near term,” Citi added.

Markets relieved that normal people will be in control.

Anything not socialist is 'far-right,' lol.

Markets terrified that her last name has six letters. OMG SELL! That’s about how rational the markets are.

Supporting families, country and jobs is now far right😂😂😂

Which just goes to show how irrational markets really are. The market has no idea how destructive a right wing administration can be.

Tough times ahead for Europe. Rome - on the cusp of Meloni And a heap of fascist baloney Sweden's lost too To the mad far right zoo The road ahead's rock-strewn and stony.

God. Family. Country. That’s why the left hates her

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