News Headline Summary

Market talk that the Italian PM Monti will resign today - Unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (11:41)

- This follows the Italian PM Monti winning a confidence vote on growth measures at Senate within the past 30 minutes. Despite this seeming positive on the surface, Silvio Berlusconi's PDL party walked out of the Senate ahead of a confidence vote, highlighting a fall in support for the technocratic government.
- PDL Senate leader Maurizio Gasparri said the party would not take part in the vote on Monti's latest package of reforms but would not vote against the decree or formally abstain, either of which would cause the government to fall.

- The next Italian election is to be held in April 2013.

06 Dec 2012 - 11:36 - Equities Economic Commentary - Source: RANsquawk

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