EU Stocks Slightly Higher, Italy Trembles
US stock market sentiment is mixed. European stocks, on the other hand, have slightly grown on negotiations about political situation in Italy.
As we already know, President Sergio Mattarella vetoed Paolo Savona for the position of economy minister but Luigi Di Maio, Five Star Movement leader, agreed to find someone else. Germany condemned Matarella’s action, as it would give the anti-euro parties more opportunities. And now, having another election would mean that Five Star Movement and Lega Nord might turn it to the referendum on dropping the common currency. Speaking of which, euro declined to a 10-month minimum versus the greenback after the news.
Today, we are going to get a batch of important US data, such as personal income and spending as well as unemployment claims, Chicago PMI and pending home sales. Additionally, Fed’s James Bullard, Lael Brainard and Robert Kaplan will deliver speeches on further policy guidance.