"If for instance the crisis in Italy got worse and it rattles the global economy, we see USA real estate as being relatively stable".
The heavily-indebted nation found buyers for almost -6 billion ($7 billion) of its bonds on Wednesday, a sign that market fears that Italy could ditch the euro may be receding.
The political upheaval in Italy is likely to lead to new elections in the next few months, and investors are interpreting the new vote as a referendum and that Italy could move closer to abandoning the currency if populist parties win the election.
Major exporters like technology and industrial companies and big drug and medical device makers also skidded.
Trump Blames Democrats For Spike In Migrants Crossing Border Into U.S.
This is in addition to hundreds more who were estimated to have been removed from their parents at the border since October. Enter a June 2014 online story by The Arizona Republic titled "First peek: Immigrant children flood detention center".
The U.S. Embassy in Rome on Friday warned U.S. travelers to beware of three separate demonstrations set to take place Saturday, saying they could become "unruly or violent".
Analysts at the Peterson Institute for International Economics said in a blog post that "none of the powerful stabilization instruments that the euro area has developed over the years could be deployed to rescue Italy". The dollar rose to 108.24 yen from 109.37 yen. Shares in Italian banks Banco BPM, BPER, UBI and Intesa Sanpaolo were among the biggest risers on the STOXX, up between 4.9 percent to 7.5 percent after sustaining heavy losses in the previous month.
The turmoil has additionally despatched Italy's 10-year bond yields greater than 300 foundation factors above Germany's - round a five-year excessive - reflecting investor considerations. The indexes were down 0.85 percent and 0.62 percent respectively.
Italy was plunged into crisis when President Sergio Mattarella at the weekend vetoed the nomination of a fierce eurosceptic as economy minister, leading the prime minister-designate to step down and upending a bid by the anti-establishment Five Star Movement and the far-right League to form a government.
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It alleged, based on the woman's sworn testimony, that Greitens coerced her into oral sex while she wept "uncontrollably". Greitens is far from the first Republican to attract a backlash for his behaviour over the past year.
Hopes that Italy might avoid a potentially damaging general election lifted European markets on Wednesday, bringing Italian bond yields off multi-year highs and dampening some of the recent buying interest for German and USA government bonds. The government will pay 3% on 10-year bonds sold Wednesday, nearly double the rate it agreed to pay in April.
Elsewhere Spanish equities rose 1.8 percent after Spanish socialist Pedro Sanchez was catapulted to power, taking over as prime minister from veteran conservative Mariano Rajoy, who lost a no-confidence vote in the wake of a corruption scandal.
ENERGY: U.S. crude oil fell 27 cents to $66.46 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price global oils, shed 49 cents to $75.00 a barrel in London.
Personal consumption expenditures (PCE) price index excluding food and energy increased 0.2 percent for the third consecutive month. Natural gas dropped 2.2 percent to $2.88 per 1,000 cubic feet. Temporary, it looks that repositioning on Italy had reached some kind of exhaustion move.
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The statement did not reiterate China's own previous threats to impose $50 billion in retaliatory tariffs on USA goods. In a statement, China's Commerce Ministry said the announcement is "obviously in violation" of this recent agreement.
ASIAN SCORECARD: Japan's Nikkei 225 index fell 0.1 percent to 22,171.35 and the Shanghai Composite index tumbled 0.7 percent to 3,075.14.