Until June I had never ordered a bottle of lambrusco in Italy. With memories of those sweet, fizzy, soda-like imports of the 1970s like Riunite Lambrusco (“Riunite on ice -- so nice!”), I had no interest in revisiting such wines, even in Emilia-Romagna, where lambrusco is made. (For the record, Riunite, now about $6 a bottle, still sells a million cases a year in the U.S., more than any other import.)
Stocks rose, with a benchmark of European equities climbing to a six-year high, while Italian and Spanish bonds advanced as policy makers said they would take steps to support economic growth. Shares in Russia gained and crude oil fell as Ukraine elected a new president.
Thousands of survivors of the earthquake in the Italian region of Emilia Romagna sought relief in tent cities as rescue workers surveyed the damage from the trembler that killed seven and injured dozens more.