Italian markets stayed under strain as the government's new budget plan scaled back a planned defense spending increase to help narrow the deficit, though the bond spread against G
Italian markets stayed under strain as the government's new budget plan scaled back a planned defense spending increase to help narrow the deficit, though the bond spread against German debt climbed further anyway. Hotter September inflation across the euro zone kept borrowing costs elevated, limiting relief for Italian debt. Retail sales rose in value terms in August but fell in volume, pointing to households buying less as prices stay high.
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