Sunday’s election in Italy appears to have given no party a clear majority — signaling a period of political instability for one of Europe’s biggest economies.As of Monday morning local time, the official vote count indicated that a center-right bloc will gain the most seats in parliament — though that group does not include the day’s top vote-getter, the anti-establishment Five Star Movement.Those results are in line with market expectations. Italy will now try to calm markets, while its many political parties work to form a new government and appoint a prime minister.
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Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.