Italian Budget Weighs Down Global Stocks

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Italy worries drag down global stocks as quarter nears an end

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beginning of a global recession? Turkey is supposed to have one, Argentina is projected to stumble into one, the USA with Trump is applying for one.....

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Italy’s stock market slumps as budget drama looms, weighs on broader European boursesItalian stocks were trading sharply lower on Friday as the drama of the country’s budget plan erupted anew and pushed up its sovereign bond yields amid worries that a market-disrupting conflagration between the European Union and Rome won’t be averted. ITALY IS SIMILAR TO USA WITH BUDGET DRAMA Hmmmm we were told by the left Europe had it all figured out.
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U.S. government bonds rally as Italy budget woes weigh on global stocksTreasurys gain ground, pulling back yields, as a rout in Italian government bonds following the country’s poorly received deficit target appears to put some pressure on global equities.
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