• UK FTSE -0.3%
  • German DAX -0.5%
  • French CAC -0.6%
  • Spain IBEX -1.5%
  • Italy FTSE MIB -3.4%

The catalyst for the decline in Italy was oil services group Saipem, which is down more than 30% on a profit warning and an investigation into improper share sales ahead of the warning.

On the MIB chart, it’s a large hiccup but still a hiccup after more than a month of gains.

The next major risk for Italy is the parliamentary election on Feb 24-25.