Italian President Sergio Mattarella has invited former European Central Bank (ECB) chief Mario Draghi to talk about forming a new government. Dragui passed the ECB baton to Christine Lagarde in 2019 after an eight-year stint. Draghi is set to meet President Matarella later on Wednesday.
Asian equities and the euro sank Wednesday as turmoil in Italy sparked a frantic dash for safety, while investors have also been spooked by fresh worries about the China-US trade row. Global markets have been sent into a tailspin as a political crisis unfolding in Rome has thrust the stability of the Euro zone and European Union back on to the agenda.