Global markets are in turmoil as Italy's political crisis deepens

David Gray/Reuters Global markets were shaken Tuesday by a deepening political crisis in Italy. Italian bonds are selling off sharply, while demand for safer havens like US Treasurys and German bunds is rising. Stocks across the world also taking a hammering, with banks in particular nursing big losses. A deepening political crisis in the eurozone's third-largest economy, Italy, is wreaking havoc in global markets Tuesday as assets across the board take a pounding on fears of renewed turmoil in ...