The euro and stock markets fall amid Italy budget fears

the Guardian -

the Guardian—Coalition government could delay unveiling 2019 targets because of internal standoff The euro and stock markets across Europe fell on Thursday over fears that Italy’s populist coalition government could delay the presentation of its budget targets for 2019 because of an internal standoff. For weeks, the government’s two deputy prime ministers – Luigi Di Maio, the leader of the anti-establishment Five Star Movement (M5S), and Matteo Salvini, who heads the far-right League – have been engaged in a...

Stock markets stage sharp sell-off amid fear of Italy-EU budget fight. Shares on Wall Street and other markets decline over US-China trade war concerns Global stock markets staged a sharp sell-off on Monday amid growing concerns over a budget showdown between Italy and the EU and the prospect of weaker growth in the Chinese economy. Italian borrowing costs jumped and the euro dropped on foreign exchanges as the war of words between Rome and Brussels escalated, while shares on Wall Street and other major international markets declined amid growing concerns over the...