Asian shares fall sharply as Italian crisis hits world markets

GETTY•EU PARLIAMENTItaly news Marco Zanni MEP claims euro's days are'finished amid Italy's deep political crisis

GETTY•EU PARLIAMENTItaly news Marco Zanni MEP claims euro's days are'finished amid Italy's deep political crisis

The trade-weighted index fell to 72.70 from 72.91.

This glum mood extended to Asia too. Taiwan's benchmark rose and Southeast Asian shares were mostly higher. The Index fell because of the fall in share prices of iPhone screen manufacturers in region. Though they charged a hefty 3pc a year in interest it's still radically lower than the 7.56pc Italy had to pay in November 2011.

Premier-designate Carlo Cottarelli, a former International Monetary Fund official, was expected to submit his list of ministers to President Sergio Mattarella in Rome, two days after an attempt by two populist parties to form a government foundered on the president's rejection of their anti-euro economy minister.

THE QUOTE: "The markets are looking much more constructive to end the week than they did to start, and with trade wars still lingering, that is saying a lot", Stephen Innes of Oanda said in a commentary. "The markets will be really unable to move forward into a different narrative" until the Italian outlook is clearer.

Trump reportedly wants to push German carmakers out of the U.S.
Although he is for free trade, but not at any price: "I love free trade, but it must be a smart trade, so I call him fair". There's also the fact that a number of German automakers already have huge manufacturing presences in the US.

Three sources at the ECB told Reuters that the central bank would not take any action because indicators are not yet showing signs of stress among banks.

The U.S. announcement pushed stocks lower, although a weaker yen supported Japanese stocks and firm exports boosted South Korean markets. Singapore markets are closed on Tuesday.

An informal World Trade Organization ministerial will see the meeting between European Union Trade head Cecilia Malmstrom and American Commerce Secretary Wilbur Ross on Wednesday. Responding to media reports regarding the regulatory ratings of its USA entities, the German lender said that it is highly focused on addressing identified weaknesses in its US operations. In Beijing, South Korea's Yonhap news agency reported that senior North Korean official Kim Yong Chol planned to head to the United States.

Milan's stock market was higher Friday after the deal was reached late Thursday. Commerce Secretary Wilbur Ross was due in Beijing on Saturday after the White House renewed its threat of 25 per cent tariffs on $50 billion of Chinese goods. The topic of ZTE will also be discussed.

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A real change needs to take place in this industry, and such incidents should not happen, the woman wrote on her Twitter account. In this January 20, 2011 photo a Southwest Airlines jet takes off at Boston's Logan International Airport.

The Dow Jones index jumped 306 points, or 1.3 per cent to 24,668 - a strong gain, but not quite enough to erase yesterday's sell-off.

The core inflation, which excludes the volatile energy and food prices, recorded at 1.1 percent, compared with 0.7 percent in the previous month. JPMorgan Chase lost 1.4 percent to $109.07 and Bank of America fell 1.3 percent to $29.76.

The S&P 500 lifted 1.3 per cent, and the Nasdaq gained 0.9 per cent. The 1.4% drop is the biggest it has experienced in the last 10 weeks.

The Canadian dollar rose 1.1 per cent on Wednesday and last traded at C$1.2887 per U.S. dollar, off Tuesday's ten-week low of C$1.3047 to the dollar. It also cut its six-month forecast to US$1.20 from US$1.27 and the 12-month forecast to US$1.25 from US$1.30.

Remains of man crushed by rock discovered at Pompeii
The man was found on the first floor of a building, above a layer of small stones believed to have been carried by the cloud. Anthropologist Valeria Amoretti works with a brush on a skeleton of a victim of the eruption of Mt.

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