Trump offered help in buying Italian debt — report

US President Donald Trump meets with Italian prime minister Giuseppe Conte in the Oval Office. © Getty

By Adam Samson in London

US President Donald Trump offered Italy assistance in buying the country’s sovereign bonds next year, Italian media reported, in the latest twist in what has been a tumultuous few months in the European country’s debt markets.The offer was made during a meeting last month between Mr Trump and Italian prime minister Giuseppe Conte, according to Corriere della Sera, which cited anonymous Italian government officials in its report. 264 more words

Nomura: September Sets Up "Monster" US Momentum Rally

A combination of seasonality and a tax calendar effect sets up September for a potentially “monster” rally in US momentum stocks, according to Nomura Holdings Inc. 262 more words

Market Commentary

Italy to defy EU's grip with €80bn infrastructure blitz

Italy’s populist government is drawing up a ‘Marshall Plan’ of up to €80bn to rebuild the country’s dilapidated infrastructure after the Genoa bridge collapse, seizing on the politically-charged disaster to smash EU budget rules. 734 more words

Italy, not Turkey, is the biggest threat to European banks right now, strategist says

  • Italy’s economy is the third largest in the European Union and the country’s new coalition government is currently working on next year’s budget.
  • Investors are wary of rises in pensions and state benefits, given that Italy already has a significantly high public debt pile — the second largest in the euro zone, at about 130 percent of gross domestic product (GDP).
380 more words

Italy's bond woes are a bigger global threat than Turkey -- Italian debt hit by fresh sell-off

The chairman of Italy’s budget committee is frighteningly blunt. The country’s bond market will spin out control as soon as the European Central Bank stops buying its sovereign debt. 413 more words

11 Aug 2018 (AFR) - European Central Bank fears exposure of euro zone banks as Turkish lira plunges

(11 August 2018, AFR, p13, by Tuvan Gumrukcu)

Ankara | The European Central Bank has grown concerned about the exposure of some euro zone banks to Turkey following the lira’s plunge, the… 53 more words

1.Market Observations

The crisis of the Turkish lira and the importance of an independent central bank and a serious monetary policy

What is happening in Turkey is astonishing: in just 3 months, the Turkish lira has lost the 30% of its value and inflation has risen by 15%, but the question is another, why? 886 more words