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0.000214408233276267 0.00150085763293311 0.00321612349914234 0.00428816466552322 0.00578902229845633 -0.000214408233276115 -0.00321612349914234 -0.000214408233276115
Stock impact report

Euro rally proves temporary despite relief over Italian budget [CNBC]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: CNBC
The euro failed to hold early-session gains on Monday as investors focused on the likelihood of further political uncertainty in Europe over Italy's spending plans, despite a large drop in Italian government borrowing costs. Rating agency Moody's downgraded the Italian credit rating on Friday but unexpectedly kept the outlook at stable. That, along with more conciliatory comments from Italian officials that they were ready to sit down with European Union officials and did not intend to expand the deficit beyond 2019, boosted demand for Italian debt after a weeks-long sell-off. But the euro , its fortunes increasingly linked this year to Italian bond prices, failed to hold on to early gains and dropped from $1.1550 to $1.1479, down 0.3 percent from the open. We have more conciliatory tones from both sides but it is still clear that this dispute is not over yet, Commerzbank analyst Thu Lan Nguyen said. We are expecting volatile markets, she said, noting that inves Show less Read more
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