Reuters

The euro recovered on Wednesday after reports that Italy’s biggest party would make a renewed attempt to form a coalition government.

The S&P 500 and Dow Jones Industrial Average touched near three-week lows on Tuesday due to a deepening political crisis in Italy.

The United States said that it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their dispute.

Gold edged up as a deepening political crisis in Italy provoked heavy selling on European financial markets, though a buoyant dollar kept the precious metal’s gains in check.

The pound fell to a six-month low against a rallying dollar on Tuesday, while it held its own against a euro dragged down by concerns about a deepening political crisis in Italy.

European shares tumbled for a second day on Tuesday as investors took fright over a renewed risk of the euro zone breaking up with Italy heading towards a repeat election.

U.S. rates may have already hit the “neutral” level that neither encourages or discourages economic activity.

Asian shares fell as early elections loomed in Italy, but talks with North Korea supported sentiment.

The head of Italy’s 5-Star Movement, Luigi Di Maio, has raised the possibility of an attempt to impeach President Mattarella. What’s the process for the impeachment procedure?

Spanish Prime Minister Mariano Rajoy will face a vote of confidence in his leadership on Friday.