Italian Stock Market Halted: Technical Difficulties?
February 22nd, 2011Oh sure.
Via: Wall Street Journal:
The European country considered most exposed to the unrest in Libya is its former colonial ruler, Italy. And investors wanting to do something about that today have limited options: the Italian Bourse is closed due to technical problems. It is expected to reopen at 9:30 ET.
On Monday, the FTSE Mib Index fell 3.6%, the worst among European markets. Today, the Stoxx Europe 600 is down 0.6%. The France CAC-40 is off 1.1%, the worst performer of the major European markets.
I did not know that Italy was the former colonial ruler of Libya. Wow.
Technical difficulties? All those red robes soiled and requiring a dry cleaner shut down the Italian stock market?
What a shame, er, hoot.