On Tuesday, the eighth largest economy of the world, Italy faced a crucial vote regarding the public finance in parliament. Besides holding 8th rank globally, it also credits to be the third top most economy in the euro zone.

It has been reported that the centre left opposition has notified that it is outlining a motion of no-confidence in the government as an attempt to drag Berlusconi down under all circumstances. In addition, sources have confirmed that the renowned company Hewlett-Packard has expressed enthusiasm to sale out webOS mobile software platform of Palm. Further, they have anticipated that the successful implementation of the deal has enough potential to obtain a huge amount of money. However, the amount is not expected to cross $1.2 billion.

On the other hand, during the Tuesday's trade, with the help of futures for the S&P 500, Dow Jones futures, Nasdaq 100 futures up 0.4%, 0.3% and 0.5%, respectively. The stock index futures indicated a higher opening on Wall Street. Simultaneously, the European stocks were observed at a higher position after experiencing a hike of 1.5% during morning trade. The market trend is believed to have a strong influence from the increase in the nice corporate earnings that have played a role in resolving concerns over the financial issues of Greece as well as Italy.

Market analysts have notified that the stocks in the United States have faced a volatile closure in an environment where the industrial average of Dow Jones was observed at a higher position, no less than 85.22 points or 0.7% up. On the other hand, the Standard & Poor's 500 Index was found to make its position at a higher place with the hike of 7.89 points or 0.6 %.