Italian banks' valuations reached distressed levels in early February...which did not reflect accurately the underlying health of the Italian banking sector. Emanuele Rigamonti More Quotes by Emanuele Rigamonti More Quotes From Emanuele Rigamonti Following the recent relief rally from oversold levels we expect equity markets to remain range-bound ahead of next month's ECB, Fed and BoJ policy meetings, which could prove to be the next big catalyst for 2016. Emanuele Rigamonti company-news Today the European markets opened on a softer note, possibly pondering the alternative scenario of less market friendliness by the Fed, along with some profit taking on recent strength. Emanuele Rigamonti company-news