The political situation is quite edgy at the moment in Italy. Fears of possible government collapse caused Alitalia’s stock price to fall to 63.25 cents, a dramatic further 9.7 percent fall.
The new US inflation data released on Friday have triggered a fresh sell-off in the London stock market, sending stocks lower from Wall Street to Europe and Asia.
Reuters reported that the global credit crisis will chop 16% of this year’s bonus payouts in the City of London. However, it seems like the credit crunch has just started sinking its teeth into the markets.
