Market movers today
It is a very light calendar day, so market focus will remain on Italy and the situation in the Middle East and the killing of the Saudi Arabian journalist.
Yesterday, Italy sent a letter to the EU Commission reaffirming its fiscal stance but opening up for a dialogue with the EU on the budget for 2019. As a result, our base case is that the Commission will give a negative opinion on the Italian budget draft and ask for a revision, maybe as soon as today. The relief rally in the Italian government bonds yesterday did not last long as 10Y Italian government bond s reversed the gain in the morning and ended more or less unchanged.
Pressure is increasing on Saudi Arabia to give full details behind the death of journalist Khashoggi. Yesterday, Germany said they would block arms sales and the US expressed dissatisfaction with the account given by the Saudi government. The tense situation in the Middle East may have an impact on oil prices if tensions increase further.
To read the entire report Please click on the pdf File Below..
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI