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Market Weekly: July 16 – 24 2018
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France says Trade War Already Started and Europe United
Despite world wide investor apathy the Trade War iniiated by U.S. President Trump is quickly escalating. French Finance Minister Bruno Le Maire on Sunday said “he question is no longer whether or not there will be a trade war, the war has already started”.
Market Weekly: July 9 – 16 2018
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Germany’s Ruling Coalition Back From Brink as Merkel and Seehofer Strike Deal
The Euro rallied in relief after Germany’s ruling government came back from the brink. Chancellor Angela Merkel and coalition partner Horst Seehofer, who had threatened to resign, struck a deal on immigration.
Market Weekly: July 2 – 6 2018
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Market Weekly: June 25 – 29 2018
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ECB Leaves Rates Unchanged As Expected But Signals End of QE
ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. THe ECB gave an end date for QE but Interest rates to stay on hold until summer of 2019.
Italy To Bring in Flat Tax For Companies and Familes
Italy is to pass a flat tax for companies next year the new government announced Monday. Flat taxes will be introduced for familes also but there are conflicting reports on when.
Moody’s Puts Italy Debt On Review For Downgrade
Following more uncertainty in Italy since the recent election Moody’s Investors Service late Friday placed Italy’s debt rating on review for a downgrade. Italy’s League calls for anti Euro Paola Savona to be finance minister underscoring “significant risk of a material weakening” in Italian fiscal strength