# Worsening Italian crisis batters stock markets and euro

> A spiralling Italian political crisis triggered a global stock selloff, pushed the euro to an 11-month low near $1.15, and spiked short-dated Italian bond yields to their highest since 2013. Investors fear repeat elections could become a de facto referendum on Italian euro membership.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Euro weakness and safe-haven flows into the dollar and Treasuries affect dollar-denominated feed commodity prices and import costs for euro-area buyers, while the risk-off move weighs on broader commodity sentiment.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-04-28 | [Euro Bears Warn Market Is Ignoring Risk of Another Energy Crisis](https://feedsoft.ai/events/36621-euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis.md) | -0.1% | -2.7% |
| EURUSD | 2022-07-05 | [European stock markets tumble on rising fears of recession \| Stock markets \| The Guardian](https://feedsoft.ai/events/10290-european-stock-markets-tumble-on-rising-fears-of-recession-stock-markets-the.md) | -3.1% | -1.3% |
| EURUSD | 2021-02-26 | [Stock markets roiled by global bond whiplash \| Reuters](https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters.md) | -1.5% | -3.7% |
| EURUSD | 2018-05-29 | [Italy Crisis Pounds EUR, More To Come \| Seeking Alpha](https://feedsoft.ai/events/65220-italy-crisis-pounds-eur-more-to-come-seeking-alpha.md) | +0.3% | +0.2% |
| EURUSD | 2021-11-23 | [The euro is plunging – and probably won’t bounce back soon](https://feedsoft.ai/events/11260-the-euro-is-plunging-and-probably-won-t-bounce-back-soon.md) | +0.2% | +0.1% |
| DXY | 2018-05-29 | [Rand, stocks tumble as Italian turmoil sparks emerging market retreat - Moneyweb](https://feedsoft.ai/events/65291-rand-stocks-tumble-as-italian-turmoil-sparks-emerging-market-retreat-moneyweb.md) | +0.2% | +1.5% |
| DXY | 2018-11-29 | [Sterling slips amid Bank of England Brexit warning but European markets stay buoyant](https://feedsoft.ai/events/62300-sterling-slips-amid-bank-of-england-brexit-warning-but-european-markets-stay.md) | -0.4% | -1.0% |
| DXY | 2020-09-25 | [Explained: Why is dollar index rising and how will it impact India's stock market - CNBC TV18](https://feedsoft.ai/events/51382-explained-why-is-dollar-index-rising-and-how-will-it-impact-india-s-stock.md) | -0.7% | -2.2% |

## Sources

- timesofmalta.com: https://timesofmalta.com/article/worsening-italian-crisis-batters-stock-markets-and-euro.680402

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.