Quotes from Societe Generale Cross Asset Research:
-Fitch downgraded Italy to BBB+ with a negative outlook. Still no signs of a new government being formed in Italy.
-Over the weekend, disputes emerged within the centre-left Democratic Party as it attempts to form a coalition government.
-A short EUR basket with longs in USD, AUD and NOK is worth a look. Such a basket could be constructed to have zero beta to global risk sentiment.