Italian Markets Tumble as Political Uncertainty Persists
30 May, 2018, 21:07 | Author: Ted Wilson
On Wednesday Japan's Nikkei 225 stock index dropped 1.5%, South Korea's Kospi dropped 1.8% and the Hang Seng in Hong Kong slipped 1.2%. Shares fell in Southeast Asia and Taiwan. Bond yields dropped, and with them, interest rates on mortgages and other kinds of loans, hitting bank stocks on expectations lenders would earn thinner profits.
US 10-year Treasuries were yielding 2.817 percent in the Asian afternoon, edging up from the USA close of 2.768 percent, while S&P futures ESC1 rose 0.2 percent.
The S&P 500 and the Dow Jones Industrial Average registered their biggest one-day percentage drops in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of US banks tumbled. The Dow Jones industrial average turned negative for the year, losing 1.6 per cent to 24,361.45.
The S&P 500 posted 7 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 87 new highs and 48 new lows.
Investors fear that repeat elections in the euro zone's third-largest economy - which could come as soon as July - may become a de-facto referendum on Italian membership of the currency bloc and its role in the European Union.
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In Asia, traders also fretted over the on-again, off-again U.S.
"That being said, a heavy data calendar from Wednesday could shift some attention back to economic growth and monetary policy", said Jingyi Pan of IG.
Safe-haven U.S. Treasury bonds and German bunds rallied, as did the Japanese yen, the U.S. dollar and gold.
As the end of its worst day since April 24 in terms of percentage, the Dow Jones index slipped almost 400 points, or 1.6%, depressed over political uncertainty in Italy and a new round of trade tensions between the United States and China.
The 10-year Italian government bond yield jumped to 3.19% bond prices fell, compared to just under 2% around two weeks ago. Oil prices have slumped in the last week following reports that OPEC countries and Russian Federation could start pumping more oil soon.
Gilbert called Barr's comments "abhorrent" and said she was "disappointed in her actions to say the least". In the tweet Barr said Jarrett was "a cross between the Muslim Brotherhood and the " Planet of the Apes ".
According to the State Department, the US team met with North Korean officials at the same DMZ site, the village of Panmunjom. A delegation of United States envoys met with North Korean officials Sunday in Panmunjom to work out details of the summit.
UN Secretary General Antonio Guterres said the U.S. and North Korea should not give up, saying "nerves of steel" were required. In April, North Korea's Kim Jong-un and South Korea's Moon Jae-in held a historic summit in the "truce village" of Panmunjom.
The victim was treated at Florida Hospital DeLand for various injuries, including head trauma, bruises and a black eye. The worker quietly alerted the authorities, who showed up, seized the gun, and cuffed Floyd, officials said.
After the president blocked Mr Savona's appointment, Five Star leader Luigi Di Maio called on parliament to impeach the president. Early in the European session, the euro, Italy's government debt and its FTSE MIB stock index all rose in opening trades.
Mr Gassama told the president he had been walking past when he saw a crowd gathered in front of the building. The boy's father was arrested by the police for questioning and the mother was out of Paris .
The Emillia Wickstead dress which most closely resembles Meghan's Givenchy one is the £7,000 Helene dress. She told the mag, "Once I was there, I got to see the people that were on the grounds with us".
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They should have been greeted with headlines reading, " President Trump lies to public about Russian Federation investigation ". The deputy attorney general relented after Trump's demand that the Justice Department comply.
He just competes and plays. "Both teams are playing their guys heavy minutes so shots will fall or not", James Harden said. Houston struggled to keep pace throughout the game, shooting just 40 per cent from the field and committing 19 turnovers.
Golden State Warriors' All-Star Draymond Green hasn't had a memorable performance in the Western Conference Finals thus far. The Rockets have leaned heavily on Paul and James Harden en route to being a win away from the NBA Finals.
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Gusty showers began lashing parts of Florida on Sunday, and authorities were warning of the possibility of flash flooding . This video shows Longboat Key, which was still under a tropical storm warning , and the beach erosion and the surf.