Euro News Source
No Result
View All Result
Monday, June 27, 2022
  • Login
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
Subscribe
Euro News Source
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
No Result
View All Result
Euro News Source
No Result
View All Result
Home News Italy

Morning Bid: A half or three quarters?

by Francesco Mazzagatti
June 15, 2022
in Italy
A A
0
152
SHARES
1.9k
VIEWS
FacebookTwitterLinkedin

Pasta is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson

Register now for FREE unlimited access to Reuters.com

A look at the day ahead in markets from Sujata Rao

The bond selloff triggered by last week’s May consumer inflation print got fresh legs on Tuesday when U.S. factory gate inflation or PPI was revealed to have increased by 10.8% last month; higher gasoline prices comprised 40% of the rise in goods costs.

Given that producer prices usually front-run CPI by a few months, the notion that inflation may have peaked is out of the window, alongside hopes the Federal Reserve could pause its rate hike campaign in September.

Register now for FREE unlimited access to Reuters.com

Instead, markets are braced for a 75 basis-point move later on Wednesday, with the possibility of more such moves at several upcoming of the coming meetings read more .

That kind of hike is by no means a done deal. The Fed which has signalled a half-point move, would find its credibility dented.

What’s more U.S. financial conditions, per an index compiled by Goldman Sachs, have tightened 100 basis points in June, the most since the pandemic-time months. Effectively, that could be already doing the Fed’s work for it.

While markets settle in to wait, there are other things to chew over. The blowout in bond yields, especially in euro zone weak link Italy, seems to have fuelled panic at the European Central Bank which will hold an emergency meeting on Wednesday read more

What is the ECB’s pain threshold on the Italy/German bond spread?

Reuters explored some of the options open to the ECB in this article read more . But the very news of the meeting has lifted markets, with Italian two-year yields — and their premium over the German equivalent — already down 20 basis points . And the euro has jumped 0.5%

U.S. Treasury yields too are off their highs.

On stock markets, European bourses are opening firmer and U.S. equity futures are up. Asian shares mostly took their cue from Wall Street’s weak close, with the exception of China where shares jumped 2.5%, thanks to retail sales figures that were slightly better than forecast read more .

Key developments that should provide more direction to markets on Wednesday:

-Bank of Iceland meets

-NATO Defence ministers meet

-ECB speakers: Christine Lagarde, Joachim Nagel, Klaas Knot, Pablo Hernandez de Cos of Spain

-U.S retail sales/inventories/housing

-U.S. Fed rate announcement

-Central bank meetings in Brazil and Mexico

Register now for FREE unlimited access to Reuters.com

Reporting by Sujata Rao; editing by

Our Standards: The Thomson Reuters Trust Principles.

Source: Reuters

Tags: AMERSAsiaASXPACBISVBISV08CDMCDTYCEEUCEFUCENCHCINVCMPNYCNCOMCRUDBTDEDRVEASIAEMRGENGENRESEUEUBEUROPEZCFINFINSFINS08FRFRXGBGDPGENGOLGVDINTINTAGINVBISINVBRINVBR1INVS08INVT08ITJPMCEMETLMKTREPNAMERNEWS1NORDNRGPMIPOLPREMTLPUBLREPSCANDVSEEUSTXUKUSWEU

Related Posts

Italy

Swiss university’s academic award to Mussolini will not be revoked

June 25, 2022
Italy

Five countries seek to delay EU fossil fuel car phase-out

June 24, 2022
Italy

Eni postpones IPO of energy transition unit due to market conditions

June 23, 2022
Italy

Apple and Android phones hacked by Italian spyware, Google says

June 23, 2022
Italy

Dire Italian drought worsening, breaking records – water authority

June 23, 2022
Italy

Italy’s Monte dei Paschi seeks 2.5 billion euros for latest relaunch plan

June 23, 2022
  • Trending
  • Comments
  • Latest

Woman livestreams fatal stabbing of half-sister

October 25, 2021

Prison sentences for protestors who pray outside abortion clinics in Spain

February 4, 2022

Investigation opened into porn video recorded on altar of Flemish church

November 3, 2021

Irish couple, 23 and 26, ‘carry out vicious knife attack in Sydney’

October 14, 2021
Freedom Day

Freedom Day

0
Fire Accident

Fire Accident In Iraq

0
Scotland

Advice from the Scotland Prime Minister

0
Brexiteers

Brexiteers Should Thank The EU

0

‘Taking innocence from children’: Two-thirds of youngsters uncovered to damaging on the net articles – but only 16% report it

June 27, 2022

Bono reveals he has secret half-brother he only found out about as an adult

June 27, 2022

Manchester United reject Barcelona’s endeavor for a Harry Maguire-Frenkie de Jong swap offer – Paper Spherical

June 26, 2022

Paris 2024 Olympics chief Tony Estanguet states he desires his city’s party to ‘make individuals dream’

June 26, 2022

Recent Posts

‘Taking innocence from children’: Two-thirds of youngsters uncovered to damaging on the net articles – but only 16% report it

June 27, 2022

Bono reveals he has secret half-brother he only found out about as an adult

June 27, 2022

Manchester United reject Barcelona’s endeavor for a Harry Maguire-Frenkie de Jong swap offer – Paper Spherical

June 26, 2022

Paris 2024 Olympics chief Tony Estanguet states he desires his city’s party to ‘make individuals dream’

June 26, 2022

Dom Phillips: Funeral held for Guardian journalist soon after murder in the Amazon rainforest

June 26, 2022

&#039I idea my hat to him&#039 – Leading Rider Thomsen dazzles en route to SGP earn in Gorzow

June 26, 2022

Recent Posts

  • ‘Taking innocence from children’: Two-thirds of youngsters uncovered to damaging on the net articles – but only 16% report it
  • Bono reveals he has secret half-brother he only found out about as an adult
  • Manchester United reject Barcelona’s endeavor for a Harry Maguire-Frenkie de Jong swap offer – Paper Spherical
  • Paris 2024 Olympics chief Tony Estanguet states he desires his city’s party to ‘make individuals dream’
  • Dom Phillips: Funeral held for Guardian journalist soon after murder in the Amazon rainforest

Categories

  • Austria
  • Bahamas
  • Belarus
  • Belgium
  • Breaking News
  • Brexiteers
  • Business
  • China
  • COVID Cases
  • Covid-19
  • Cyber security
  • Debt
  • Economics
  • Energy
  • England
  • Fashion
  • Fire Accident
  • France
  • Freedom Day
  • Germany
  • Health
  • Human Launch
  • Humanitarian
  • Ireland
  • Italy
  • Netherlands
  • News
  • Norway
  • Opinion
  • Politics
  • Refugees
  • Russia
  • Russia
  • Rwanda
  • Saudi Arabia
  • Science
  • Scotland
  • Scotland
  • Spain
  • Spanish-Flu
  • Sports
  • Switzerland
  • Travel
  • Ukraine
  • United Kingdom
  • Videos
  • Wales
  • Zambia

Site Navigation

  • About
  • Advertise
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
Euro News Source

Euro News Source is one of the best sources of European News. We provide the latest news from the European Union and its member states, local and international political, economic and sports news. Follow us to receive all news from around the European Union.

© 2021 Euro News Source.

No Result
View All Result
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videos

© 2021 Euro News Source.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?