Yesterday, Italy became the most recent domino to fall in the global populist revolution about which I wrote in this month's MI magazine. If Mr Cameron (score: 48 percent) resigned at half past eight in the morning, Signor Renzi, the Italian Prime Minister (score: 40 percent) resigned at midnight. He had offered the Italian people some quite reasonable constitutional reforms (reduction in the powers of the Senate and a curtailment of regional governments) but they used the vote to register their general dismay with the status quo. Another metropolitan sophisticate Prime Minister has been humbled.
With a NO vote seeming inevitable in the Italian referendum, the Euro fell below $1.06 in late trading late on Sunday, down 0.8 percent from Friday's close. The common currency had already registered sharp losses since the beginning of November, when it was trading close to $1.13. This morning European bourses have thus far shrugged off the vote (the FTSE-100 opened higher), though bank stocks are down. Italian government bond yields have risen sharply.
by Zak Mir | Trading| 1 mins. to read Given that I seem to be interviewing high profile investor Jim Mellon every other week, it would appear churlish not to look at InterQuest (LON:ITQ) and his increased stake in the specialist recruitment group.
by Robert Stephens | Equities| 5 mins. to read It's easy to look at Brexit and come to the conclusion that it will be bad for all UK-focused companies. After all, it brings uncertainty, change and a potentially negative impact on the UK's overall economic performance.
by Zak Mir | Trading | 1 mins. to read Amur Minerals (LON:AMC) was a hero stock for private investors in the first half of last year, moving from below 10p to over 40p in ultra quick time. They will be hoping that history repeats itself going into 2017.
by Victor Hill | Brexit | 11 mins. to read Every school kid now knows that if the British government wants to fulfil the will of the British people expressed last June they have "to trigger" or, "to invoke" Article 50 of the Treaty of Lisbon (2007).
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