OctaFX | OctaFX Forex Broker
Open trading account

Bersani rejects coalition with center-right

The Italian center-left Democratic Party leader Pier Luigi Bersani said in an interview for the newspaper La Repubblica that he would not form a coalition government with Berlusconi’s center-right, after the inconclusive elections held last weekend.

Bersani insisted that there would be no grand coalition with the center-right and confirmed that he would stand as a candidate for the post of Prime Minister. He also announced his intention to present a seven- or eight-point agenda at his meeting with President Giorgio Napolitano.

None of the biggest Italian parties has won a clear majority, as the center-left secured the majority in the Lower House, and not in the Senate. On the other hand the Five Star movement led by the ex-comedian Beppe Grillo, which secured 26 percent of lower house votes, declared that it might offer limited backing to a minority government.

Forex Flash: NZD/USD prices into event risks – Westpac

Positioning has been a major negative risk for the past two months for the NZD/USD, futures data showing speculators are historically long (highest since 2007). Moreover, the good local and global news is now fully priced. OIS pricing implies the first RBNZ hike of 25bp will be in January 2014, and our probability model is signaling a contrarian "sell".
Read more Previous

Canada: GDP contracted 0.2% MoM in December

The Canadian economic activity contracted 0.2% on a monthly basis during December, and posted an annualized expansion of 0.6% during the fourth quarter...
Read more Next
Start livechat