Italy budget row ‘breakthrough’ boosts markets – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Is peace breaking out between Rome and Brussels in the budget row that has spooked the markets? There are reports from Italy this morning that its populist government is giving some ground, in the dispute over …

Markets digest Fed rate hike as Argentina gets $57bn IMF bailout – business live | Business

Fed chair Jay Powell’s comments that there was no evidence whatsoever of inflationary pressure knocked US yields which had been climbing in the lead up to this week’s meeting, down quite sharply, and also saw both the S&P500 and Dow finish the day lower. That, combined with a slight nudge higher in the unemployment forecast …

IMF chief highlights recession risk of no-deal Brexit | Business

The UK economy would rapidly start to contract in the event of a disruptive exit from the EU next spring, according to a stark International Monetary Fund report that highlights the recession risks of no deal. Christine Lagarde, the IMF’s managing director, said there would be “dire consequences” from a disorderly exit but added that …

Markets hit by fears of fresh Trump tariffs on China – business live | Business

Cranes unloading imported mineral powder from a cargo ship at a port in Nantong in China’s eastern Jiangsu province. Photograph: STR/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s a new week, but investors are fretting about a familiar fear – Donald …