Italy ends two years of contraction.

Italy has technically exited a recession that lasted two years, with GDP having stopped contracting in Q3 and Q2, new data shows. The figures have been revised up from -0.1% and -0.3% respectively. The improvement was helped by an inventory buildup, which is an indicator of growing confidence among businesses. However, a government official cautioned that "it's too early to say that the recession is finished." The FTSE MIB was +0.3% at the time of writing.