Europe Markets: Italian stocks weigh down Europe as political worries fester

Italian stocks turned sharply lower on Monday, acting as a deadweight on other European markets as investors looked at the increasing possibility of new elections for Italy, while political uncertainty also swirled around Spain.

But investors may see thinner volumes than normal as London markets closed for a bank holiday and U.S. markets will shut in observance of Memorial Day.

Read:Which markets are closed on Memorial Day?

What are markets doing?

The Stoxx Europe 600 Index SXXP, -0.33% fell 0.4% to 389.41. The index fell 0.9% last week, breaking an eight-week winning run that had been the longest positive stretch since June 2014.

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