Italy’s 3Q Issuance To Focus on Short, Inflation-Indexed Bonds in Face of Rising Inflation – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s third quarter issuance plan will focus mostly on short-term and inflation-indexed debt securities to shield domestic investors from inflation, according to ruling coalition sources. “The Ukraine war fallout is heavily striking families’ purchasing power, who remain our key investor target. The domestic market is extremely vulnerable at the […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are Saturday and Sunday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JUNE 25 – THURSDAY, JUNE 30, 2022 Saturday, June 25, 2022 In the morning, the President will deliver […]
Germany’s Business Conditions Worsened Slightly in June, Ifo Reports
ZURICH (MaceNews) – German businesses were a bit more pessimistic in June than a month ago, as their view of both current conditions and their expectations for future developments were judged more negatively. The Ifo business climate index fell to 92.3 in June from 93.0 the previous month. Economists had expected a slight drop to […]
Draghi: Italy Supports Ukraine, ‘No Ambiguity’ From EU Countries but Common Stance Needed 
By Silvia Marchetti ROME (MaceNews) – Italy’s government stands united in supporting Ukraine against Moscow and all European Union member states must show unity on this front as ‘unclear messages’ are not acceptable, Italian premier Mario Draghi told the Senate on Tuesday. Speaking ahead of the key June 23-24 European Council meeting on the Ukraine […]
Italy’s 5 Stars Movement Likely To Block Draghi’s Ukraine War Funding; Battle Ahead in Parliament – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement, part of the ruling coalition, is preparing to pass a parliament resolution on Tuesday to stop the government from further funding Ukrainian fighters, with the risk of putting at stake Rome’s pro-NATO foreign policy stance, according to cabinet sources. The 5 Stars leader Giuseppe Conte, […]
Italy Backs ‘Gradual, Flexible’ Monetary Policy Normalization, Urges ECB to Avoid ‘Hawkish’ Message – Italian Government Sources
By Silvia Marchetti ROME (MaceNews) – Italy is warning against a sudden unwinding of Eurozone monetary policy accommodation and calling for a ‘gradual’ but ‘flexible’ normalization process, according to ruling coalition sources. “It is a very delicate moment for the European Central Bank, and it is paramount to avoid having to exit and then re-enter […]
Rome Pushes for New EU Recovery Fund to Tackle Energy Prices Spike, Avoid Spreads Further Blowing Out – Sources
–Italian officials express relief over ECB moves to limit spread widening By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition is pushing hard for the European Union to launch a new recovery fund aimed at jointly funding measures to cushion the impact of energy and inflation spikes on families and firms, in an attempt to […]
<strong>BOI Cuts Italy ’22-’23 Growth on Ukraine Effects But Sees Recovery Signals As Investment Set To Rise</strong>
By Silvia Marchetti ROME (MaceNews) – The Bank of Italy on Friday cut country growth forecasts for 2022-2023 on fallout from the war in Ukraine and energy price hikes, but sees ‘robust’ signs of recovery as government aid to struggling families and European Union-wide pandemic investments start to bear fruit. GDP growth is now projected […]
ECB Preannounces July Rate Hike of 25 Basis Points
–Leaves Open Possibility of Bigger Rise in September By Laurie Laird LONDON (MaceNews) – The European Central Bank will raise interest rates by a quarter percentage point at its next meeting in July with another – potentially larger increase – slated for September, the ECB announced Thursday. “Inflation is undesirably high,” said ECB President Christine […]
Italy Aims to Introduce Worker Minimum Wage as EU Moves toward EU-Wide Directive – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s parliament is working on a deal to clear as soon as possible a law introducing a minimum wage for all workers following a push by the European Union to implement a minimum wage framework to be applied in all 27 member states, according to ruling coalition sources. “Parties […]