Authored by Mike Shedlock via MishTalk.com,
In a bid to appeal to the growing anti-euro sentiment in Italy, three of Italy’s biggest political parties seek a dual currency.
Italy’s leading opposition parties are calling for the introduction of a parallel currency to the euro, which they say will boost growth and jobs.
After refusing to discuss the FBI investigation into whether his wife submitted a fraudulent loan application during her time as president of the now-defunct Burlington College, Sen. Bernie Sanders has chosen to say a few choice words on the matter during an interview with noted fake news purveyor CNN.
S&P futures point to a higher open following gains in Asian markets supported by stronger commodities but mostly European bourses, which are sharply higher following the €17 billion bailout of the two Veneto banks in Italy, the biggest taxpayer funded bank rescue in modern Italian history, as well as Dan Loeb's activist campaign of the world's biggest food company, Nestle which sent the stock up 5%, and finally Germany's Ifo business climate index which hit new all time highs.
First the bad news: following Friday's "tech wreck" European equity markets have opened lower, with the Stoxx 600 sliding 0.9% and back under the 50DMA for the first time since December, dragged by selloff in tech shares, mirroring Asian markets as Friday’s "FAAMG" volatility in U.S. markets spreads globally, battering shares from South Korea to the Netherlands.
Authored by Mike Shedlock via MishTalk.com,
Recent polls for Italian politicians supporting the eurozone and EU have collapsed.
Pro-Europe polls are highly likely to get worse as a further splintering of Matteo Renzi’s PD party takes place.
It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an absolute majority in the next election. However, please note that 40% is the threshold for a “majority”.