20:52 DJ FX CHAT: Investors need official Italy result to clear air
Testo: Financial markets may be a bit overreacting to the conflicting signals of Italy's exit polls, but today's price swings underline how investors are nervous about political developments there. Tom di Galoma at Navigate Advisors says for the markets to dial back into risk-on mode, investors need the official result to show that Italy still has the ability to form a stable government committed to economic and fiscal reforms. "People are worried that Berlusconi will not carry on reform demanded by both the European Union and investors," notes Kevin Chen at hedge fund Anji Capital Management. "If Italy sinks, the whole EU is done."