The Australian sharemarket is lower today following an uncertain Italian election result overnight. The All Ordinaries index (XAO) is down 0.6 per cent or 31 pts to 5041.7.
Globally, US sharemarkets traded on both sides of the ledger on Monday as investors monitored the Italian election results. But with the prospect of an inconclusive outcome, the Dow Jones slumped in afternoon trade, ending lower by 216pts or 1.6pct after trading higher by 81 points in morning trade. European shares rose on Monday but ended off the day´s highs, also on uncertainty about the Italian vote.
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