The European Commission rejected Italy’s budget proposals for 2019 and said it will begin disciplinary procedures. Despite the assertion that Rome has ‘seriously violated’ debt rules, Matteo Salvini remained defiant and said that Europe must respect Italy. The…
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The schedule was fairly quiet yesterday, with only the public sector net borrowing figures for October set for release. The deficit surprisingly widened to £7.96 billion from £6.37 billion in the same month a year earlier. This was…
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Following Italy’s populist government’s refusal to change its deficit target of 2.4% of GDP, the European Commission announced its decision on budget drafts yesterday. Somewhat unsurprisingly, the EC rejected the Italian budget proposals for 2019, saying that Rome…
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Figures released yesterday showed that building permits in the US fell 0.6% in October from the previous month. This wasn’t as bad as it might have been, as the markets were expecting an even bigger decline of 0.8%.…
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The Italian budget row has been worrying investors for the past few weeks and today we could see even more fireworks. Last week, the Italian government refused to revise its draft budget for 2019, with Luigi Di Maio…
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Backbench Brexiter Jacob Rees-Mogg called for Theresa May’s head yesterday and said that his fellow Conservative MPs must seize their chance to oust the Prime Minister now, or risk having her lead the Tories into the next election.…
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Yesterday, Backbench Brexiter Jacob Rees-Mogg said that Conservative MPs must vote to remove Theresa May as Prime Minister now if they do not want her to lead the party into the next general election. The chair of the…
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October’s building permits are on the schedule today, while tomorrow sees the durables goods orders for October, as well as initial jobless claims up to 17 November. We will also see existing home sales for October.
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