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Inventory markets sink on Italian political turmoil

Shares within the U.S. and Europe sank Tuesday following political turmoil in Italy, which stoked fears of instability within the euro bloc.

Buyers bought shares and costs for U.S. authorities bonds surged as traders shifted cash into lower-risk investments. Bond yields dropped, and with them, rates of interest on mortgages and different kinds of loans. Banks plunged as Wall Avenue anticipated that they might earn thinner income.

Main exporters like know-how and industrial corporations and large drug and medical system makers additionally skidded. These corporations depend upon robust gross sales outdoors america.

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