Italy’s President Giorgio Napolitano resigns

Market news

14 January 2015

Italy’s President Giorgio Napolitano resigns

Italian President Giorgio Napolitano resigned on Wednesday. This decision added to concerns over political stability in Italy.

Italy's Prime Minister Matteo Renzi has a difficult task of finding a successor.

The president's role in Italy is mainly ceremonial, but he can choose a prime minister and dissolve parliament.

Philadelphia Fed President Charles Plosser: the Federal Reserve should hike its interest rate sooner rather than later

U.S.: Crude Oil Inventories, January +5.4

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