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Some big early ranges on the market open

BTP
  • A 104 ticks gap lower for the Italian BTP, opened near yesterday low at 124.16 (opened at 124.24), and traded as low as last Friday low that was 123.53, printed 123.57 low.
  • That's already a 80 ticks range for the contract.
  • Opening gap is from 125.28 down to 124.24.
  • Italian politics is the main driver, {as per Reuters): "Italy's 5-Star Movement will not take part in a parliamentary confidence vote on Thursday, party leader Giuseppe Conte said on Wednesday in a move that looked likely to trigger the collapse of Prime Minister Mario Draghi's government.

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