Credit Impulse Update: Italy
Investors are perhaps overly concerned by the upcoming presentation of the Italian budget, but a look at our credit impulse indicator shows that the country still faces very real economic risks.
The global economic situation has de-synchronised with a US- and USD-centric trend taking its place. Meanwhile, the European economic situation has deteriorated. While these developments, combined with an incipient trade war, may appear incredibly gloomy, China holds a few key cards that may enable it to keep things from hitting new lows.
Saxo Bank's Quarterly Outlook for Q2 is here, with expert insights and trading themes from our team of strategists. Get your copy here.