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Italy's new administration makes markets rally

Markets have responded well to the new emergency government in Italy being headed up by Mario Monti. Rome opened with an increase of almost 1.6 per cent on Monday morning. There were also gains in Frankfurt and Paris, with markets rallying in both. The FTSEurofirst 300 index of top European shares rose by 0.5 per cent on the new government's first day. ...

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