Global Markets Update Buybacks just a temporary respite for Italian bonds The Italian Treasury’s latest debt buyback has helped to contain a rise in yields related to concerns over Budget plans. But such operations can offer only temporary respite. We see the Italian 10... 6th August 2018 · 1 min read
Europe Commercial Property Update Higher Italian bond yields increase risks for property The recent spike in Italian government bond yields is likely to be sustained for the foreseeable future, increasing the risk of a sharper re-pricing for Italian commercial property than we are... 20th July 2018 · 1 min read
Europe Data Response German ZEW (Jul.), French & Italian Ind. Prod. (May) The further decline in German ZEW investor sentiment seems to reflect concerns about the impact of possible protectionist measures. But May’s industrial production data for France and Italy support... 10th July 2018 · 1 min read
Europe Economics Update How big a problem for Italy are rising yields? We think that Italy’s bond yields will rise more quickly than most expect. But as long as the Government waters down its fiscal plans, and is committed to the euro, its interest costs should remain... 25th June 2018 · 1 min read
Global Markets Update Italian equities unlikely to stage a big rebound Although investors have become less concerned about the political situation in Italy, we do not expect a significant rebound in Italian equities, which have already come under pressure again this week... 6th June 2018 · 1 min read
Europe Economics Weekly Spain can cope without Rajoy but Italian politics still a worry In any other week, the imposition of tariffs on the EU by the US would have taken centre stage. But amid the political and market turmoil in Italy and the downfall of Spain’s government, this was no... 1st June 2018 · 1 min read
Emerging Europe Economics Update How could Italy’s problems affect Emerging Europe? Recent developments in Italy do not pose an immediate threat to economies in Emerging Europe but a significant escalation in the crisis would cause problems for countries in the region, particularly... 31st May 2018 · 1 min read
Global Economics Update Banks outside the euro-zone not too exposed to Italy The direct exposure to Italy of banks located outside the euro-zone is small compared to that of their peers based in other euro-zone countries. This offers some reassurance that any fallout from... 31st May 2018 · 1 min read
Europe Economics Update Will turmoil in Italy spark contagion? The fallout from the latest political turmoil in Italy has so far been contained, with limited impact on other euro-zone countries’ financial markets. There are good reasons to expect this to remain... 30th May 2018 · 1 min read
Global Economics Update Six key questions and answers about Italy We have written extensively about political and economic developments in Italy in our Europe and Markets services. (See a list of relevant publications on page 2.) But as the events of the past few... 29th May 2018 · 1 min read
Europe Economics Update TARGET2 imbalances highlight Italy’s fragile situation If sentiment towards Italy deteriorates as a result of the current political situation, we could see renewed capital flight and a further worsening of Italy’s already-high TARGET2 liabilities. But... 29th May 2018 · 1 min read
Global Economics Update Six key questions and answers about Italy We have written extensively about political and economic developments in Italy in our Europe and Markets services. (See a list of relevant publications on page 2.) But as the events of the past few... 29th May 2018 · 1 min read
Europe Economics Update Key questions about Italy After the President refused to appoint a eurosceptic finance minister, Italy is heading for a fresh election. Provided that Five Star Movement and the League do not call for a referendum on euro... 29th May 2018 · 1 min read
Europe Economics Focus Will Italy’s new government cause a crisis? The policies of the two parties likely to form Italy’s next government have understandably caused concern. In the near term, we actually think that they would provide a modest boost to the economy... 24th May 2018 · 1 min read
Europe Economics Update M5S/League proposals highlight risks to Italian bonds A leaked draft policy document shows that there is still anti-euro sentiment bubbling under the surface in the two parties most likely to form the next Italian government. What’s more, the parties... 16th May 2018 · 1 min read
Europe Economics Update Italy's banks are on the mend, albeit slowly With attention in Italy focused on politics, some significant improvements in the banking sector have gone under the radar. That said, the banks are still a long way from a full recovery. 14th May 2018 · 1 min read
