10/11/2011 18:51
Berlusconi may quit on November 13
U.S. stocks and the euro rose, erasing earlier losses, as Italian Prime Minister Silvio Berlusconi’s offer to resign bolstered optimism a new leader will be able to tame the nation’s debt crisis. Commodities rallied and Treasuries reversed gains, the Bloomberg reports.
Berlusconi agreed to step down when the parliament approves Italy’s austerity plans in a vote next week.