Why Banca Monte dei Paschi di Siena SpA (BIT:BMPS) Could Be A Buy
Posted on Monday September 03, 2018
Banca Monte dei Paschi di Siena SpA (BIT:BMPS), operating in the financial services industry based in Italy, saw significant share price volatility over the past couple of months on theRead More...
[$$] European Forex and Fixed Income Market Talk Roundup
Posted on Friday August 24, 2018
0927 GMT - The Swedish krona is so far this year’s worst-performing major currency, having fallen by a little more than 7% year-to-date against the euro. Meanwhile, Swedish monetary policy and real interest rates “remain very punitive for the krona,” says Carl Hammer, SEB’s head of global macro and forex research, in a note. forecasts Italy’s government will revise up its general government budget deficit target to 1.9% of gross domestic product for 2018 from 1.6%, and to 1.7% of GDP for 2019 from 0.8% previously agreed with the European Commission.
From Surging Yields to Euro-Exit Bets, an Italy Rout Cheat Sheet
Posted on Tuesday May 29, 2018
The anti-establishment politicians vying for leadership in the continent’s second-most indebted country want to boost spending in defiance of European Union budget strictures -- and make battle with the entrenched order. Italian markets showed some signs of stabilization on Wednesday, but fears remain that a snap election could effectively constitute a referendum on whether the country stays in the euro area. The best gauge of risk in any European bond market is a comparison with yields of Germany, the continent’s safest country to lend money to.
Italy must present Monte dei Paschi exit plan by 2019 - CEO tells paper
Posted on Sunday May 20, 2018
Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi (BMPS.MI) by 2019, Chief Executive Marco Morelli told daily Corriere della Sera. Last year, the Commission and Italy reached a pact on a state bailout for Monte dei Paschi that included heavy cost cuts, losses for some investors and a pay cap for executives. Monte dei Paschi, the country's fourth largest bank, is now 68 percent owned by the government and under the bailout deal, Italy is due to exit the troubled lender in 2021 at the latest.
