Italian inflation climbed sharply in September, driven by energy prices, adding pressure on the ECB just as euro zone wide price gains also accelerated. Business and consumer confi
Italian inflation climbed sharply in September, driven by energy prices, adding pressure on the ECB just as euro zone wide price gains also accelerated. Business and consumer confidence both slipped, and the government is looking for more flexibility on EU budget rules to cope with the inflation hit. The mood in Italian equities stays cautious, with bond spreads over German borrowing costs remaining the key watch item.
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