There is no doubt – for the last couple of days the situation at the market has been unnerving to all of the participants of the trade. The pressure was coming from Europe, where the President has meddled into the government-forming process and caused a lot of problems for the economy of Eurozone. No one could predict that the reaction of the markets would be as harsh and that the whole Eurozone would go under threat because of the move. But it seems that for now the storm has passed.

Giuseppe Conte is now an all-sworn in Prime Minister of the country. The tension between two politicians has seemingly gone away. Just at the beginning of the week the two were seemingly battling for power with Conte threatening to call for Mattarella’s impeachment and Mattarella ready to accept Conte’s resignation. But all of that is behind now as the two pose for pictures in Quirinale Palace.

Although it is still unclear whether 5-Star Movement – a party that won the elections – will go for Mattarella’s support or nor. After all he did reject their candidate for Prime Minister, causing the whole chaos to go off. But the government forming process is back on track with euro steady and markets breathing freely as the end of the trading week approached.