Archive for May 28th, 2018

New Overnight Developments Abroad - Daily Update

A Focus on Italy, Korea, Turkey & Oil Prices as U.S. and Britain Observing Holidays

May 28, 2018

Italian President Mattarella rejected the League/5-Star choice for economy/finance minister, whereupon that coalition withdrew its bid to lead Italy’s government and called for Mattarella’s impeachment and immediate election. Mattarella then asked former IMF Director of Fiscal Policy Cottarelli to form a provisional governing coalition. Elections likely no later than the autumn. Italian share prices┬ádived 1.3%, […] More