Italian bond yields fall as populists agree on government team

Italy news

This could also restrict Chinese investment in the United States and what products USA companies can sell to China.

The U.S. Embassy in Rome on Friday warned U.S. travelers to beware of three separate demonstrations set to take place Saturday, saying they could become "unruly or violent". They bought German and British government bonds instead, which are seen as more stable.

The handover of power follows an inconclusive March election and months of political turmoil which had spooked global financial markets and spread unease among Italy's European Union partners.

"I'm too young to remember much about the time before the euro, but I like going on vacation to France and Spain", he said.

The prospect that Italy might need a fresh election that could be a referendum on the nation's inclusion in the euro zone rattled markets. The dollar rose to 108.24 yen from 109.37 yen. "This morning the euro is attempting to stage a correction trending towards 1.16 but with the market sentiment heavily against it, any gains will not likely be sustained", Konstantinos Anthis at ADS Security said. "At 2 North 6th Street in Williamsburg, in nine months, in keeping with projects achieving net rents and absorption, we should have the building fully occupied; it's 60 percent occupied already".

The EU's statistics authority, Eurostat, said inflation in the eurozone jumped to 1.9 percent in May, a sharp pick-up from the 1.2 percent recorded in April.

Trading in Italy's largest banks, Intesa Sanpaolo SpA and UniCredit SpA, was suspended temporarily after both fell 5 percent.

USA markets were closed Monday for the Memorial Day holiday.

After initially vetoing the choice of finance minister, on Thursday evening Italy's President Sergio Mattarella approved a reshuffled lineup. In practical terms, the bank in 2012 proposed to step in and support countries facing extreme borrowing costs by buying their government bonds. At the beginning of May the yield was just 1.78 percent.

Deficits are lower, economic growth is stronger, and more people have jobs. The Spanish IBEX 35 sank 2.5 percent.

TREASURIES: U.S. government bond prices jumped as investors moved money into lower-risk assets.

The turmoil has additionally despatched Italy's 10-year bond yields greater than 300 foundation factors above Germany's - round a five-year excessive - reflecting investor considerations. JPMorgan Chase dropped 4.3 percent to $105.93 and Bank of America fell 4 percent to $28.96. -China trade conflict. Energy shares rose as oil prices rebounded after Russia's central bank expressed caution on plans to boost oil supply and analysts forecast a drawdown in US crude inventories. Brent crude, used to price worldwide oils, rose 0.1 percent to $75.39 a barrel in London. The S&P 500 index 1.2 per cent to 2,689.86. Heating oil shed 1.1 percent to $2.19 a gallon. It dropped 1.7 per cent to $66.73 a barrel in NY. While that's a four-year high, it's still well below the 7 per cent rate that precipitated Italy's crisis in 2011. Pending Home Sales lost 1.3%, below the 0.4% estimate.

EURGBP - has remained under pressure with a break below 0.8690 potentially opening up a move the recent lows at 0.8640.

Japan's Nikkei 225 stock index dropped 1.5 percent to 22,013.86.

The Dollar index, which measures the strength of the U.S Dollar against a basket of six other major currencies, fell by 0.11 percent to end the session at 93.98.

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