Free Trial
GBPUSD TECHS

Downtrend Remains Intact

US

Reverse Repo Operation

CANADA

Hesitant Front End Rates

EURUSD TECHS

Bear Flag Breakout

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
ITALY

Political betting markets show Prime Minister Mario Draghi as the clear favourite to take over the presidency in the 24 January parliamentary vote.

  • Data from Smarkets shows Draghi with a 56.5% implied probability of becoming president according to bettors. Marta Cartabia, current Minister of Justice and former President of the Constitutional Court, is second-favourite, with an 8% implied probability of becoming the next president.
  • The favoured candidate of the centre-right and right, former PM Silvio Berlusconi, sits in third place with a 7.7% implied probability of becoming president. While he has the support of legislators on the right, those in the centre and on the left are staunchly opposed to the prospect of a Berlusconi presidency, making it difficult for the media magnate to secure a majority in favour.
Chart 1. Implied Probability of becoming next President of Italy, %

Source: Smarkets.

MNI London Bureau | +44 203-865-0981 | tom.lake@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.