Bank of Italy Governor Ignazio Visco said Tuesday’s market selloff was unjustified, as bond yields spiked and the stock market declined on the political uncertainty tied to a fresh round of elections later this year. The selloff “is very serious”, Visco said at the central bank’s annual assembly in Rome. There are no justifications — except for emotions — for what we’re seeing today ignazio visco assim forex converter the markets.
Italy’s stock market declined more than 2 percent and the closely watched gap between Italian and German 10-year bond yields widened by more than 80 basis points in the morning. EU to respond to any U. BAYERISCHE MOTOREN WERKE : Trump car tariffs could run European convertibles off U. ON : RWE CEO eyes 1. Free Sign Up Already have an account? Italian Prime Minister Paolo Gentiloni has proposed that Bank of Italy Governor Ignazio Visco be reappointed for a second six-year term, sources with knowledge of the dossier said on Thursday. Visco, whose mandate expires at the end of this month, is a board member of the European Central Bank and is considered a close ally of ECB President Mario Draghi.
He has been criticised by parties of all political stripes following the collapse of 10 Italian banks over the past two years. He has blamed a prolonged economic turndown for the banking crisis. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Only post material that’s relevant to the topic being discussed. Even negative opinions can be framed positively and diplomatically. Include punctuation and upper and lower cases.
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