Full steam ahead for periphery despite choppy Italian political waters

Italy broke its third euro-era record of the week at an auction on Wednesday morning, as analysts tipped the country and its eurozone periphery peers to keep rallying in the coming weeks. But while Spain was basking in its best quarterly growth figures since late 2007, worries about Italian prime minister Matteo Renzi’s ability to force through political reform could hit sentiment for his country’s debt in the longer term.