Re: Italia - Defice e Juros
Enviado: 2/10/2018 13:20
"It Will End In Tears": World Stocks, Euro Slide As Italian Contagion Spreads"
"World stocks slumped, European assets sold off and the Euro dropped to a three week low on Tuesday after anti-euro comments from an Italian party official sent renewed shockwaves across Europe and the globe, and pushed Italy’s bond yields up to multi-year highs"
"Italian asset tumbled for a second day, after the economic head of the ruling League party and head of lower house budget committee - and a well-known euroskeptic - Claudio Borghi said that most of Italy’s problems could be solved by having its own currency: "I am more than convinced that Italy, with its own currency, would be able to resolve its problems," Borghi said in an interview on Radio Anch’io, adding that the euro as common currency "is not sufficient" for Italy to solve fiscal issues. In kneejerk response, Italian 10Y yield continued their Monday selloff, spiking to 3.438%, the highest level since early 2014."
"While our economists do not expect systemic implications for the global economy, contagion risks have risen,” Goldman Sachs analysts warned. “We think European risky assets remain vulnerable and there is potential for negative spillovers to the Euro area given the high trade exposure to Italy."
"In response to Goldman's caution, the EURUSD continued its selloff for a fifth day, sliding 0.5% and touching its lowest since Aug 21 at $1.1505 and last trading at $1.1517, after hitting 1.18 late last week."
"That threatens to send a fresh wave of contagion across EM assets just as investors were hoping they had got past the aftershocks from the crises in Turkey and Argentina." Reynolds wrote in a Tuesday note. "A fresh burst of USD strength will be most unwelcome, with the KRW's late slump a sign of things to come. Each Italian yield eruption makes it that much harder to conclude that this European sovereign debt dilemma won't end in tears. It also will keep investors cautious and avoiding volatile plays, like EM assets."
https://www.zerohedge.com/news/2018-10- ... on-spreads
"World stocks slumped, European assets sold off and the Euro dropped to a three week low on Tuesday after anti-euro comments from an Italian party official sent renewed shockwaves across Europe and the globe, and pushed Italy’s bond yields up to multi-year highs"
"Italian asset tumbled for a second day, after the economic head of the ruling League party and head of lower house budget committee - and a well-known euroskeptic - Claudio Borghi said that most of Italy’s problems could be solved by having its own currency: "I am more than convinced that Italy, with its own currency, would be able to resolve its problems," Borghi said in an interview on Radio Anch’io, adding that the euro as common currency "is not sufficient" for Italy to solve fiscal issues. In kneejerk response, Italian 10Y yield continued their Monday selloff, spiking to 3.438%, the highest level since early 2014."
"While our economists do not expect systemic implications for the global economy, contagion risks have risen,” Goldman Sachs analysts warned. “We think European risky assets remain vulnerable and there is potential for negative spillovers to the Euro area given the high trade exposure to Italy."
"In response to Goldman's caution, the EURUSD continued its selloff for a fifth day, sliding 0.5% and touching its lowest since Aug 21 at $1.1505 and last trading at $1.1517, after hitting 1.18 late last week."
"That threatens to send a fresh wave of contagion across EM assets just as investors were hoping they had got past the aftershocks from the crises in Turkey and Argentina." Reynolds wrote in a Tuesday note. "A fresh burst of USD strength will be most unwelcome, with the KRW's late slump a sign of things to come. Each Italian yield eruption makes it that much harder to conclude that this European sovereign debt dilemma won't end in tears. It also will keep investors cautious and avoiding volatile plays, like EM assets."
https://www.zerohedge.com/news/2018-10- ... on-spreads