الإثنين, 11 حزيران/يونيو 2018 10:40

Assets Surge as Italy Vows to Stay in Euro

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(Rome)

The big recovery after the huge losses in Italy might finally be underway. While downward pressure on Italian assets had subsided, there is now a big rally happening. The catalyst is that the country’s finance minster has just pledged that Italy will stay in the Euro, helping ease the market’s largest worry about the political crisis in Rome. The minister also pledged to avoid financial instability.


FINSUM: Italy’s two-year bond has already seen its yield fall 100 bp! That is quite a response. To be honest we doubt this pledge amounts to much, but it is good signaling for the market.

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