Police arrested him at Sparanise, near the southern city of Naples, acting on a European arrest warrant issued by France, the AGI and ANSA news agencies reported.
"Investors are treading water ahead of a delicately poised Federal Reserve announcement," noted Richard Hunter, head of markets at Interactive Investor.
Alvi said, “When you see that laws are being changed in favor of a majority to isolate a minority, that is a dangerous precedent.”
"It is guided by the basic principles of freedom of religion and conscience, makes no distinction between the different religions and applies therefore equally to all faiths," the ministry said.
Overnight, the Nasdaq led modest losses on Wall Street, falling 1.3% as investors sold tech giants who have taken actions against Trump and his supporters.