The former president of the ECB, Mario Draghi, answers the Italian president’s call to form a new unity government amid the worst national economic crisis in decades. Former Prime Minister Matteo Renzi – who withdrew his party from Giuseppe Conte’s coalition – tells CNBC that Draghi is the man to rescue Italy from the current political impasse. In energy news, crude hits a one-year high as OPEC+ producers agree an extension to output cuts while US stockpiles plummet to their lowest level since last March. And today sees a slew of European corporate earnings released including Deutsche Bank, OMV and Volvo.   

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