This is not a surprise, a hung parliament was expected in Italy
EUR/USD had opened stronger in the early moves here in NZ and then Australia, it likes the German developments over the weekend:
EUR has dipped a few points on this Italian news ... but the news IS NOT unexpected
Exit polls:
- 5 Star gets the biggest share of votes, around 30% (these numbers are approximations only) in the lower house, similar in the upper house
- As a bloc though, Berslusconi's Forza Italia & allies is ahead of the 5 star
- Puts the centre/right slightly ahead (if 'centre right means much in the mess that is Italian politics)
Partiy numbers (so far, approximations only)
- 5 star 30%
- Democratic Party 22
- Forza 14
- League 14
Some projections:
- centre right grouping around 33 to 36% (these all lower house)
- centre left around 25-28%