Yellow Metal Has Weakened
European Commission and Italy’s government agreed not to close two Italian Banks and instead to move good assets to Intesa Sanpaolo Banking Group. Meanwhile, Conservatives and Irish Democratic Unionist Party made a convention, which in turn improved the Sterling. The convention suggests that Northern Ireland will get an additional billion of pounds through the next 2 years if it supports Theresa May.
The yellow metal has decreased over 1%. It got back on the way to 1,260 dollars on Friday but today it reached the minimum since the middle of May. Oil has risen. Today’s focus is: US durable goods and Mario Draghi’s speech.