On today’s vote over in Italy. I think this is another important event to watch closely.

https://surfcity.co/2016/12/04/italian-referendum/

Added: The real impact of the no vote is on the Italian Banks which are some of the most under capitalized in Europe. The yes vote was needed to continue the state sponsored bailout efforts of these banks. The no vote puts a halt to the bailouts but the market may need to absorb the systemic risk this has exposed.

http://www.businessinsider.com/italy-banks-collapse-renzi-referendum-2016-11