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Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor.
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CNBC's Carolin Roth reports on how the Italian market is faring after its Prime Minister Mario Monti announces his plans to resign once his budget passes in parliament.
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LONDON, Dec 10- Gold prices firmed for a third session on Monday on expectations the Federal Reserve will further stimulate monetary policy when it meets later this week, and as the dollar edged lower versus the euro.
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LONDON, Dec 10- Copper hit its highest price in almost two months on Monday as investors took heart from rising factory output growth in top consumer China, though the data also showed Chinese exports and imports came in below forecasts, tempering gains.
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OSLO, Dec 10- Mario Monti has been a "great" prime minister of Italy and whoever takes over from him should pursue the same policies of budget consolidation, Herman Van Rompuy, the president of the European Council, said on Monday.
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LONDON, Dec 10- The euro dipped against the dollar on Monday as political turmoil in Italy and weak German data stoked concerns about the region's deteriorating near-term outlook.
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*Italy's stocks sink, debt yields rise as Monti resigns. PARIS, Dec 10- European shares fell early on Monday, retreating from an 18- month peak hit last week on worries over Italy's economy after Prime Minister Mario Monti said he would resign. Monti is the one who managed to stabilise Italy and stop the contagion from Greece.
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MADRID, Dec 10- Spain will suffer a contagion effect from Italy's new political turmoil and the government continues to study the need for outside assistance, Spanish Economy Minister Luis de Guindos said on Monday.
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LONDON, Dec 10- The euro swooped towards a two-week low and shares and Italian bonds fell on Monday, after Italian Prime Minister Mario Monti's decision to resign early triggered fears of a fresh bout of euro zone uncertainty.
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PARIS, Dec 10- European shares fell early on Monday, with a key index retreating from a 18- month high hit last week on renewed worries over Italy's finances after Prime Minister Mario Monti said he will resign. The market's positive trend is still intact, at least in the short term, " FXCM analyst Nicolas Cheron said.
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*MSCI Asia ex- Japan up 0.2 pct, Nikkei up 0.1 pct. SINGAPORE, Dec 10- Asian shares touched a 16- month high on Monday as investors took heart from rising factory output growth in China and a falling unemployment rate in the United States that raised hopes about the outlook for the world's top two economies.
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LONDON, Dec 10- Blue chip shares in France, Germany and the UK helped European stocks close higher on Monday, as political turmoil in Italy unnerved investors and prompted a flight to safety.
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NEW YORK, Dec 10- U.S. stocks rose on Monday, helped by gains in McDonald's and technology stocks, but Italian shares and bond prices sank after Prime Minister Mario Monti's decision to resign stoked concern about who will lead the euro zone's third biggest economy out of its debt crisis.
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*Doubts arise over whether Italy will continue economic reforms. Treasury debt prices were little changed on Monday as concerns over protracted budget negotiations in Washington were offset by investors pushing for price concessions ahead of $66 billion of debt sales this week.
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*McDonald's shares rise on November sales. NEW YORK, Dec 10- U.S. stocks rose on Monday, aided by gains in McDonald's and technology stocks, but moves remained muted as investors looked for any signs of movement on the "fiscal cliff" front.
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*Traders adjusting positions ahead of monthly USDA data. At the Chicago Board of Trade as of 10:45 a.m. CST, CBOT March corn was down 5-3/ 4 cents at $7.31- 1/ 2 per bushel. March wheat was down 11 cents at $8.50 a bushel and January soybeans were down 5 cents at $14.67- 1/ 4 a bushel.
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NEW YORK, Dec 10- Gold rose for a third session on Monday as investors were uncertain about the U.S. budget crisis and hopeful that the Federal Reserve will unveil new economic stimulus this week. Growing unease about Europe boosted safe-haven bids for bullion after Italian Prime Minister Mario Monti announced he would resign once the 2013 budget is approved.
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SINGAPORE, Dec 10- Gold was steady on Monday above $1,700 an ounce, as a drop in the U.S. unemployment rate did little to dampen the outlook for easy monetary policy, which has supported sentiment in bullion.
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SINGAPORE, Dec 10- Asian shares crept higher on Monday as investors took heart from economic data from China and the United States that raised hopes about the outlook for growth in the world's top two economies. MSCI's broadest index of Asia Pacific shares outside Japan rose 0.2 percent, while Tokyo's Nikkei share average gained 0.4 percent.
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SYDNEY, Dec 10- The euro came under pressure in Asia on Monday as the prospect of a recession in Germany and renewed concerns about Italy weighed on sentiment, while strong Chinese data helped support the Australian dollar.
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*Italy- Germany bond yield spread seen widening Monday. ROME, Dec 9- Italy's political parties began manoeuvring on Sunday before elections expected in February as supporters of technocrat Prime Minister Mario Monti tried to persuade him to stay in politics and continue his economic reform agenda.