Europe Top News and Analysis Italy

  • MILAN, Dec 8 (Reuters)- European shares rose to their highest in eleven months on Thursday as the European Central Bank's unexpected decision to cut its monthly asset purchases helped banks extend their rally. "Banks typically outperform as yield curves steepen," said Barclays, adding that banks such as Societe Generale, ING and ABN Amro looked to be best placed to...

  • The bank, Italy's biggest retail lender, has deep ties in Russia and advised state-owned Rosneft on the sale of the 19.5 percent stake. Wednesday's announcement showed the Kremlin can lure big foreign investors to its oil sector despite political risks associated with Russia, which is locked in a stand-off with the West over conflicts in Ukraine and Syria.

  • ROME— Pope Francis has recalled struggling families, the jobless and those forced to take "undignified" work as Rome's holiday season begins. Francis drew attention to those on society's margins at an appearance Thursday afternoon in Rome's Spanish Steps swank shopping district. The annual appointment on Dec. 8, a Catholic feast day honoring the Virgin Mary, and...

  • ECB President Mario Draghi said he is "confident" that the Italian government knows what to do to address the country's banking sector.

  • ROME— A leader of Italy's populist 5- Star Movement is pressing for a vote on whether the country should keep the euro as its official currency, a pitch for support as the party eyes national power for the first time. Movement founder Beppe Grillo has long railed against Italy's membership in the eurozone, the 19 countries where the euro is the official currency.

  • MILAN/ LONDON, Dec 8 (Reuters)- European shares rose on Thursday, extending earlier gains as banks climbed further following the European Central Bank's unexpected decision to cut its monthly asset purchases. The ECB move pushed euro zone bond yields broadly higher, which in turn further boosted banking shares with Europe's STOXX 600 Bank index rising 2 percent.

  • LONDON, Dec 8- Italian banking shares surged again on Thursday bringing their three-day gains to 20 percent and putting them on track for the best week since at least 2009.. Italy's beleaguered banks extended their post-referendum recovery after the European Central Bank extended its asset purchases stoking a region-wide banking sector rally.

  • *World share markets climb for 4th day, Wall Street at record. LONDON, Dec 8- World shares climbed to a three-month high on Thursday as encouraging Chinese data and a record-high Wall Street kept traders upbeat before an expected extension of the European Central Bank's already generous stimulus program. Asia shares had risen to one-month highs after Wall...

  • ECB wants to see sustained uptrend in inflation: Strategist

    Marius Gero Daheim, senior fixed income strategist at SEB, discusses his expectations on today's European Central Bank meeting.

  • Difficult to assess respose to Trump and Brexit: Draghi

    ECB President Mario Draghi says that the full effects of Donald Trump's presidency and Brexit will be seen medium to long term.

  • *World share markets climb for 4th day, Wall Street at record. *China trade beats forecasts, commodity imports jump. LONDON, Dec 8- World shares climbed to a near three-month high on Thursday as encouraging China data and a record high Wall Street kept traders upbeat ahead of an expected extension of the European Central Bank's already generous stimulus programme.

  • Expect ECB to support Italy: Banor Capital

    Banor Capital Portfolio Manager Francesco Castelli takes a look at the state of Italian banks and how they are faring following the referendum.

  • Italy has a $360 billion NPL issue: Expert

    Monte dei Paschi isn't the only Italian bank with bad debts, says Dan Scott at Credit Suisse.

  • SINGAPORE, Dec 8- The euro held firm near a three-week high versus the dollar on Thursday, as investors turned their attention to the European Central Bank's policy meeting later in the day, and as the greenback was dragged down by a drop in U.S. bond yields. Emphasizing abundant risk, including from forthcoming elections in Europe, ECB President Mario Draghi is...

  • Moody's cuts outlook on Italian debt to negative

    Moody's changes its outlook on Italy to negative, affirms rating. CNBC's Sue Herera reports.

  • FLORENCE, Italy— It's a sure-fire way to dampen the holiday cheers: Spend a week on a dream vacation abroad, then come back to find an additional several hundred dollars on your cellphone bill. Although some U.S. phone plans cover international travel, especially to Canada and Mexico, many don't. With the exception of Verizon, carriers typically block your phone...

  • BENGALURU/ LONDON, Dec 7- Global stock markets will rise further in 2017, hundreds of upbeat strategists say in a Reuters poll released on Wednesday, braving a long list of political uncertainties just as the fuel behind the historic post-financial crisis rally runs dry. The most striking shift since the last Reuters global survey- in October- is how quickly many...

  • *Bank of Canada meeting eyed. LONDON, Dec 7- Most major currencies treaded water on Wednesday with traders looking ahead to a meeting of the European Central Bank on Thursday that could set the tone for markets after the sharp moves in the wake of last month's U.S. elections. It had slumped on Monday to $1.0505, its lowest since March 2015, in a knee-jerk reaction after...

  • ROME— Matteo Renzi has resigned as Italy's premier, but the president asked him to stay on until a new government is in place.

  • *Bank of Canada meeting eyed. LONDON, Dec 7- The dollar edged back up towards a 10- month high against the yen on Wednesday, while most major currencies appeared to be looking ahead to Thursday's European Central Bank policy meeting. The European currency had slumped on Monday to $1.0505, its lowest since March 2015, in a knee-jerk reaction after Italian Prime...