Make Kitco Your Homepage

Italian bond yields rise, euro dips after EC cuts Italy growth forecast

Kitco News

LONDON, Nov 8 (Reuters) - Italian government bond yields rose to a session high on Thursday, while the euro dipped after the European Commission cut Italy's growth forecast and said it anticipated a jump in the country's structural budget deficit.


Italy's 10-year bond yield rose to 3.404 percent, up six basis points on the day . The euro turned negative, slipping 0.1 percent to $1.1412 but remaining above the session low.


The European Commission forecast the Italian economy would grow more slowly in the next two years than Rome thinks, making government budget deficits much higher than assumed by Italy while public debt would be stable rather than decline.


(Reporting by Virginia Furness and Tommy Wilkes; Editing by Dhara Ranasinghe)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News