<p>Europe <a href="http://www.businessinsider.com/morning-markets-february-21-2013-2">sold off hard today</a>. And Italy got hit the worst, closing down 3.1 percent.</p>
<p>Earlier today, PMI reports revealed that Europe's services and manufacturing industries were in worse shape than most expected.</p>
<p>Italy will be holding elections in a few days, which adds a layer of political uncertainty to the <keyword id="31671" type="CITY" weightage="60" keywordseo="markets">markets</keyword>.</p>
<p>Here's an intraday chart of Italy's FTSE MIB index via <a href="http://www.bloomberg.com/quote/FTSEMIB:IND/chart">Bloomberg</a>:</p>
<p><div class="image-container" style="width:620px"><div class="image"><img src="http://static4.businessinsider.com/image/51264c62eab8ea413300002e-686-545/screen%20shot%202013-02-21%20at%2011.31.42%20am.png?maxX=620" border="0" alt="italy stocks" width="620" /></div><p class="source">Bloomberg</p></div></p>

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Italy Had An Awful Day

Europe sold off hard today. And Italy got hit the worst, closing down 3.1 percent. Earlier today, PMI reports revealed that Europe's services and manufacturing industries were in worse shape than most expected. Italy will be holding elections in a few days, which adds a layer of political uncertainty to the markets. Here's an intraday chart of Italy's FTSE MIB index via Bloomberg: Bloomberg

Europe sold off hard today. And Italy got hit the worst, closing down 3.

Italy Had An Awful Day

Sam Ro

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