MILAN - Italian shares extended a rally and bonds gained after the first exit polls from a crucial Italian general election showed the pro-reform, centre-left Democratic Party was leading Silvio Berlusconi's conservative bloc.
"The market didn't want Berlusconi back in the driving seat and the polls are showing the center-right is coming out a loser. It will be Bersani who decides whether he needs (centrist Prime Minister Mario) Monti or not."
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