U.K. Prime Minister Theresa May persuaded her senior ministers to back the draft Brexit agreement — now all she has to do get it approved by a largely hostile Parliament.
Standard & Poor's on Friday left Italy's sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government's policy plans were weighing on the country's growth and debt prospects.
Shares in enzymes maker Novozymes fell more than 7 percent on Wednesday after the Danish company said full-year sales were likely to be at the low end of its forecast range.
The European Union could derail Italy's big spending plans this week, with speculation mounting that Brussels is set to reject Italy's 2019 draft budget.
Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grew cautious over lending to the embattled government after it unveiled new budget plans.
Britain's Brexit secretary and the top EU negotiator met for surprise talks Sunday as the push for progress on a divorce deal quickened ahead of a summit.
Over the last eight years during the euro crisis, Italy never lost market access, Klaus Regling, managing director for the European Stability Mechanism, told CNBC at the IMF and World Bank annual meetings in Bali, Indonesia.
The big event at the Conservative Party conference on Tuesday will be the appearance of May's rival, and contender for leadership of the party and the nation, Boris Johnson.
Oil market attention was focused on an OPEC meeting in Algeria this weekend, but it was Saturday's terrorist attack in an oil-rich part of Iran that "could have serious security implications."