Messy election result raises fears over Eurozone

Italy's unclear election result has raised fears for the future health of the Eurozone's third largest economy.

Italian bonds and shares rose initially on Monday as it became likely the centre-left coalition would take control of the lower house.

But that trend is likely to be reversed on Tuesday after Silvio Berlusconi's centre-right coalition appeared to have a narrow lead in the Senate.

A strong protest vote for the anti-austerity candidate Beppe Grillo has also raised fears of a return to instability in Italy and the wider Eurozone.