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Italy’s Deputy PM Di Maio: Italy has done all it could on the budget

Italy’s Deputy PM Luigi Di Maio was on the wires last minutes, via Reuters, noting that the Italian government has done all it could on the budget.

Earlier today, Il Sole reported that the Italian government reportedly slashed the 2019 growth forecasts.

IFO Economist: German economy cooling down but no recession

Following the release of the downbeat German IFO survey, Germany’s IFO Economist, Klaus Wohlrabe is on the wires now, explaining the reason behind the
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USD/JPY tumbles to 1-week lows, risks confirming a bearish breakthrough 100-DMA

   •  The ongoing USD retracement from 1-1/2 year tops keeps exerting downward pressure.    •  The global flight to safety underpinning JPY and adds
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