The Monday after a US employment data release is historically the least volatile day of the month. Events occurring in the overnight sessions could be putting an end to this myth, as we head slowly towards the US Fiscal Cliff deadline. The Italian Prime Minister Mario Monti’s announcement over the weekend of his intention to resign, once Italy’s budget is pushed through parliament, could be throwing a wrench into the ‘periphery’ works. His intention could be seen as jeopardizing the regions efforts to stabilize its economy. His announcement will likely pave the way for Italy to hold general elections a month sooner, ... (full story)