The full extent of the Italian earthquake in Umbria now being reported 24 Aug

Simply awful news and the full carnage is now being revealed.

BBC reporting:

Many of the dead were in the village of Pescara del Tronto which was levelled to the ground and there were fears the number of casualties could rise.

Much of the town of Amatrice was reduced to rubble and a family of four were feared dead nearby in Accumoli. The quake hit at 03:36 (01:36 GMT), 100km (65 miles) north-east of Rome.

Although it struck at a shallow depth of 10km, its intensity was compared to the Aquila earthquake in April 2009 in which 309 people died. The epicentre was around Accumoli where several people died.

Some buildings in the capital shook for 20 seconds as the quake struck the regional border area of Umbria, Lazio and Le Marche. It was felt from Bologna in the north to Naples in the south. Some 80 aftershocks have been reported since.

Our sincere condolences to all affected. What terrible times we live in and events like this put worrying about financial markets all in perspective.