The euro fell to levels last seen in March 2015 last night as Italian Prime Minister Matteo Renzi said he would resign after suffering a worse defeat than expected in the country's referendum on constitutional reform.
For over two decades, the pace of Italy's economic growth has lagged that of its major continental peers, writes LGIM's Justin Onuekwusi.
Amid widely-held short positions in Italian debt
Risen 4.8% in November
Investors are taking a cautious approach to the upcoming Italian referendum on constitutional reform, but say the market consequences of the vote will not be as serious as the Brexit vote or US election, whatever the outcome.
Ahead of Italian referendum
Amid 2017 European election uncertainty
Not for the faint of heart
Denies €4bn offer
Amundi among the main contenders
Brexit triggers disenfranchised vote
European fund managers are continuing to hone in on Italy's 'cheap' equity market, despite the poor performance of the country's banking sector in the EU's recent stress tests and uncertainty surrounding a key referendum in October which could cause more...
Will minimize impact of UK departure
To ERGO Italia
Looking at potential Pioneer IPO
Edward Smith, asset allocation strategist at Rathbones, takes a closer look at the winners and losers from the UK's decision to leave the EU.
Follows Italy's Atlante fund
Aims to support eurozone's third-largest economy
Follows Draghi's QE re-examination
Firm has €374bn in AUM
Sam Morse, manager of the Fidelity European Values trust, examines the tailwinds for his favourite banking stocks.
Simon Cordery, head of investor relations and business development, investment trusts at F&C Investments, explores the extent to which market sentiment can affect trusts.
Fund managers have backed Italian banks to continue driving European equities higher this year, aided by a more supportive macro backdrop and beneficial domestic reforms.