France's far-right leader Marine Le Pen joined Italy’s firebrand Interior Minister Matteo Salvini in Rome on Monday to launch their campaign for European parliamentary elections with an attack on the "Brussels bunker" they plan to storm.
Reported by France 24 4 hours ago.
Le Pen and Salvini vow to storm Brussels ‘bunker’ in EU elections
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FAANG Report: Apple tells US Congress no Chinese spy chips in hardware; Facebook hit by new scam
Apple Inc's (NASDAQ:AAPL) Information Security chief told the US Congress a report that China planted spy chips in the motherboards of software that the iPhone maker used is not true, a copy of the letter published by Apple Insider said. "You should know that Bloomberg provided us with no evidence to substantiate their claims and our internal investigations concluded their claims were simply wrong," a letter from George Stathakopoulos, Apple's Vice President of Information Security, said. "Apple has never found malicious chips, “hardware manipulations” or vulnerabilities purposely planted in any server. We never alerted the FBI to any security concerns like those described in the article, nor has the FBI ever contacted us about such an investigation." The letter added that "the so-called compromised servers were allegedly making outbound connections. Apple’s proprietary security tools are continuously scanning for precisely this kind of outbound traffic, as it indicates the existence of malware or other malicious activity. Nothing was ever found." Apple shares fell 1% to $221.96 by midsession on Monday. READ: Apple and Amazon refute Bloomberg allegations of hardware hack by Chinese spies Alphabet Inc's Google (NASDAQ:GOOG) has redesigned its safety center in Europe, pleding to roll it out in the coming weeks and it is now available in six European countries, a reprort by The Android Police said. Users in the UK, Belgium, France, Germany, Italy, and the Netherlands will be able to access the updated Safety Center. The launch coincides with the fact it is currently European Cyber Security Month. As well as giving instructions on Google tools such as Privacy Checkup and My Activity, the Safety Center also links to external resources and organizations dealing with issues such as cyberbullying and child online safety. Google stock declined 2.1% to $1,132.26. Amazon.com Inc's (NASDAQ:AMZN) decision to raise the the hourly pay to $15 per our for all its employees has made life more difficult for other retailers bracing for the busiest time of the year in the Christmas holiday season, a report by CNN Business said. An estimated 589,000 seasonal positions have been announced, according to outplacement firm Challenger, Gray & Christmas, and companies were already jockeying to attract workers with perks such as paid time off, transportation reimbursement, and higher pay in the tightest labor market in a generation. Unlike Amazon, which has alternative revenue streams like advertising and its cloud computing business, a brick and mortar store has less wiggle room for wage hikes, the report said. Amazon shares dropped 2.7% to $1,837.97. READ: Facebook says hacking attack hit almost 50 million accounts Social media giant Facebook Inc (NASDAQ:FB) is dealing with a fresh hoax that takes the form of a 'chain mail' type of notice, a report by ABC News said. The scam happens this way, according to the report: you receive a message from an existing Facebook friend telling you they've received a friend request from you. Then it says to check your account and instructs you to forward the message to all your friends. When that happens, someone will steal photos and personal information from an existing user's profile and create a second profile, "cloning" it and masquerading as that individual. Facebook shares lost 0.94% to $155.85. Around three-quarter of Americans share streaming services such as Netflix Inc (NASDAQ:NFLX) along with their shopping and mobile accounts, a report by CNBC said. They are sharing those accounts with their family, friends and even exes, according to a new study by Country Financial. Entertainment services, such as Netflix and Hulu, were the most commonly shared with at least one other person, followed by mobile phone plans and shopping accounts like Amazon Prime or Costco, Country Financial found. Younger adults were also more likely to use shared services, particularly ones like Uber or Lyft. Netflix shares declined 3.25% to $339.
Reported by Proactive Investors 4 hours ago.
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Italy shares slide on deepening spat with EU
Italian stocks and bonds have suffered a pointy sell-off as traders anxious a couple of deepening spat between Rome and the Ecu Union over the rustic’s funds. The euro was once additionally underneath force, attaining a seven-week low in opposition to america greenback, after Italy’s deputy high minister Matteo Salvini known as EU leaders “enemies …
Reported by The News Articles 4 hours ago.
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Eurozone investor morale falls on Italy, car industry worries
Reported by SeekingAlpha 4 hours ago.
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EUR/JPY falls to fresh 4-week lows below 130 as risk-aversion dominates markets
· *Italy's budget crisis continues to weigh on the euro.*
· *Risk-off mood ramps up the demand for safe-havens.*
· *USD/JPY break below 113 for the first time in two weeks.*
The EUR/JPY failed to hold above the critical 130 handle on Monday and fell to its lowest level since mid-September at 129.50 as the risk-off mood continues to dominate the markets. As of writing, the pair was trading at 129.60, losing 1.05% on a daily basis.
The uncertainty surrounding the budget crisis and the EU's response to it forced the spread between the Italian and German 10-year bond yields to widen further. Earlier today, Italy’s Deputy Prime Minister Salvini said that an exit from the euro was not on their agenda but added that they wanted to change the EU rules. Although later in the day Italy's EU Affairs minister Savona reiterated that no one in the Italian government wanted to leave the EU, these comments did little to nothing to help the euro as the shared currency remains on track to close the day lower against its major rivals including the dollar and the pound sterling.
Commenting on today's developments, "The enemies of Europe are those sealed in the bunker of Brussels,” Matteo Salvini Italian Deputy Prime Minister. Is this a reference to the most famous bunker in European history? When Brussels speaks Italians are likely to hear the voice of Berlin. Germany needs to tread lightly. As the American novelist William Faulkner said. “The past is never dead. It's not even past”," FXStreet Senior Analyst Joseph Trevisani said.
Rome and Brussels should be careful that a dispute over budgets does not become a question about the European Project. It is a delicate moment in history.
On the other hand, as one of the preferred safe-haven assets, the JPY stays strong on Monday. In addition to Italian political drama, the lack of progress in the U.S. China talks weighs on the sentiment as well. Despite the low trading volume due to Columbus Day holiday in the U.S., the Dow Jones Industrial Average and the S&P 500 indexes are down 0.35% and 0.6% on the day.
*Technical levels to consider*
The pair could face the first technical support at 129.50 (100-DMA) ahead of 128.75 (Sep. 11 low) and 128 (psychological level/Sep. 7 low). On the upside, resistances are located at 130 (psychological level), 131.20 (daily high) and 131.90 (Oct. 3 high). Reported by FXstreet.com 4 hours ago.
· *Risk-off mood ramps up the demand for safe-havens.*
· *USD/JPY break below 113 for the first time in two weeks.*
The EUR/JPY failed to hold above the critical 130 handle on Monday and fell to its lowest level since mid-September at 129.50 as the risk-off mood continues to dominate the markets. As of writing, the pair was trading at 129.60, losing 1.05% on a daily basis.
The uncertainty surrounding the budget crisis and the EU's response to it forced the spread between the Italian and German 10-year bond yields to widen further. Earlier today, Italy’s Deputy Prime Minister Salvini said that an exit from the euro was not on their agenda but added that they wanted to change the EU rules. Although later in the day Italy's EU Affairs minister Savona reiterated that no one in the Italian government wanted to leave the EU, these comments did little to nothing to help the euro as the shared currency remains on track to close the day lower against its major rivals including the dollar and the pound sterling.
Commenting on today's developments, "The enemies of Europe are those sealed in the bunker of Brussels,” Matteo Salvini Italian Deputy Prime Minister. Is this a reference to the most famous bunker in European history? When Brussels speaks Italians are likely to hear the voice of Berlin. Germany needs to tread lightly. As the American novelist William Faulkner said. “The past is never dead. It's not even past”," FXStreet Senior Analyst Joseph Trevisani said.
Rome and Brussels should be careful that a dispute over budgets does not become a question about the European Project. It is a delicate moment in history.
On the other hand, as one of the preferred safe-haven assets, the JPY stays strong on Monday. In addition to Italian political drama, the lack of progress in the U.S. China talks weighs on the sentiment as well. Despite the low trading volume due to Columbus Day holiday in the U.S., the Dow Jones Industrial Average and the S&P 500 indexes are down 0.35% and 0.6% on the day.
*Technical levels to consider*
The pair could face the first technical support at 129.50 (100-DMA) ahead of 128.75 (Sep. 11 low) and 128 (psychological level/Sep. 7 low). On the upside, resistances are located at 130 (psychological level), 131.20 (daily high) and 131.90 (Oct. 3 high). Reported by FXstreet.com 4 hours ago.
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Italy's Salvini: Italy will not 'suffer same fate as Greece' - ANSA
Italy would not suffer the same fate as Greece, Italy’s Deputy PM Matteo Salvini recently said, according to Italian news outlet ANSA. Earlier in the hour, Italy's EU Affairs minister Savona argued that they had passed the market test.
Reported by FXstreet.com 4 hours ago.
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EUR/USD trims losses but remains under 1.1500
· *EUR/USD moves off lows as US dollar losses strength. *
· *Market sentiment and Italian budget uncertainty affected EUR.*
The EUR/USD pair bottomed at 1.1458 earlier today, hitting the lowest intraday level since August 20 and then bounced to the upside trimming losses. As of writing was trading at 1.1490/95, down 30 pips for the day.
The pair moved to the downside amid a stronger US dollar, particularity against European currencies. The euro remains affected by uncertainty surrounding the Italian budget crisis and the EU. Bond yields in Italy continue to rise reflecting the concerns. Italian official mentioned that is not its intention to leave the euro but those comments failed to removed uncertainty. The euro also lost ground today versus the pound and the Swiss franc.
Price action remained limited during the last hours amid a holiday in the US. Equity prices in Wall Street were falling modestly, after trimming losses during the last hours. The sharp slide in Chinese markets affected sentiment.
*EUR/USD levels to watch *
To the upside, immediate resistance might be seen at 1.1500 followed by 1.1535/40, 1.1560 and 1.1590/95 (Oct 3 high). On the flip side, support could be located at 1.1455/60. A consolidation below the mentioned level could open the doors to more losses targeting 1.1445 and below the 1.1400 area would be exposed. Reported by FXstreet.com 3 hours ago.
· *Market sentiment and Italian budget uncertainty affected EUR.*
The EUR/USD pair bottomed at 1.1458 earlier today, hitting the lowest intraday level since August 20 and then bounced to the upside trimming losses. As of writing was trading at 1.1490/95, down 30 pips for the day.
The pair moved to the downside amid a stronger US dollar, particularity against European currencies. The euro remains affected by uncertainty surrounding the Italian budget crisis and the EU. Bond yields in Italy continue to rise reflecting the concerns. Italian official mentioned that is not its intention to leave the euro but those comments failed to removed uncertainty. The euro also lost ground today versus the pound and the Swiss franc.
Price action remained limited during the last hours amid a holiday in the US. Equity prices in Wall Street were falling modestly, after trimming losses during the last hours. The sharp slide in Chinese markets affected sentiment.
*EUR/USD levels to watch *
To the upside, immediate resistance might be seen at 1.1500 followed by 1.1535/40, 1.1560 and 1.1590/95 (Oct 3 high). On the flip side, support could be located at 1.1455/60. A consolidation below the mentioned level could open the doors to more losses targeting 1.1445 and below the 1.1400 area would be exposed. Reported by FXstreet.com 3 hours ago.
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A range of drivers contributing to uncertainty and volatility in markets - ANZ
Analysts at ANZ Bank New Zealand Limited explained that a range of drivers contributed to uncertainty and volatility in markets overnight.
*Key Quotes:*
"Italy’s fiscal woes continue to worry investors, although we continue to be of the view that an accord with the EU will be reached, with the Italian Government expected to submit a draft budget to the EU Commission next week.
The recent surge in US bond yields is weighing on equities, with the Fed talking tough on interest rate rises and markets digesting how far US interest rates may rise. Meanwhile, negative sentiment towards Chinese markets is taking a toll. Stock markets slumped yesterday despite recent easing in the RRR by the PBoC, and the renminbi weakened.
This comes in the midst of recent negative data and continuing tensions between the US and China, with the US Treasury noting concerns about the depreciation in the renminbi overnight. Meanwhile, Brexit sentiment continues to yoyo. It does look as if the UK and EU may be inching closer to the framework of a deal, but Northern Ireland remains a major stumbling block." Reported by FXstreet.com 3 hours ago.
*Key Quotes:*
"Italy’s fiscal woes continue to worry investors, although we continue to be of the view that an accord with the EU will be reached, with the Italian Government expected to submit a draft budget to the EU Commission next week.
The recent surge in US bond yields is weighing on equities, with the Fed talking tough on interest rate rises and markets digesting how far US interest rates may rise. Meanwhile, negative sentiment towards Chinese markets is taking a toll. Stock markets slumped yesterday despite recent easing in the RRR by the PBoC, and the renminbi weakened.
This comes in the midst of recent negative data and continuing tensions between the US and China, with the US Treasury noting concerns about the depreciation in the renminbi overnight. Meanwhile, Brexit sentiment continues to yoyo. It does look as if the UK and EU may be inching closer to the framework of a deal, but Northern Ireland remains a major stumbling block." Reported by FXstreet.com 3 hours ago.
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Legendary Barolo Producer Fontanafredda Announces the Launch of the Third Edition of Barolo Week[s] to Coincide with 160th Winery Anniversary
The renowned Barolo winery will host a variety of unique tasting experiences for press, trade and consumers celebrating Italy’s “King of Wines”
NEW YORK (PRWEB) October 08, 2018
Fontanafredda, one of Italy’s most prominent and historic Barolo producers and Wine Enthusiast’s European Winery of the Year, is excited to announce the launch of the third annual Barolo Week[s] in October 2018, after two highly successful editions. Barolo Week[s] is a celebration of the iconic wine of Italy’s Piedmont region, and aims to introduce a new generation of Americans to these internationally-renowned wines. Its series of events is intended to increase awareness around Italy’s “King of Wines” and engage consumers in understanding what makes Barolo Italy’s most highly-regarded wine, in order to appreciate its value more fully. This year’s events will also coincide with Fontanafredda’s 160th anniversary.
“Barolo is a complex, unique wine,” says Fontanafredda owner Oscar Farinetti. “We at Fontanafredda have a unique story to tell as one of the region’s most renowned producers, as we celebrate the estate’s 160th anniversary this year. We see Fontanafredda’s Barolos as the definition of accessible luxury, and I am so pleased to welcome fans new and old to the third edition of Barolo Week[s], which is an incredible opportunity for wine lovers to experience such amazing, benchmark wines.”
Barolo Week[s] is part of an international promotion, with events, dinners and tasting experiences organized in locations around the world, including Canada, Mexico, Malta, Germany, Switzerland, Iceland, United Kingdom, Sweden, Holland, Japan, Taiwan, South Korea and the United States.
The lineup in the U.S. includes Barolo tastings for trade, press and the public at the New York City, Chicago, Los Angeles and Boston locations of Eataly, the quintessential Italian culinary marketplace.
The main ticketed events open to the public will be a Barolo Master Seminar with Fontanafredda on October 22 in Los Angeles, a “King of Wines” Barolo Dinner on October 23 in Chicago, a Barolo & Beyond Tasting on October 24 at New York City’s Flatiron location and a Barolo Wine & Dine Tasting and Dinner on October 25 in Boston.
In addition to the public events, Taub Family Selections, Fontanafredda’s US importer, will host a series of comprehensive masterclasses and tastings for trade and press in New York, Los Angeles and Boston, led by Fontanafredda’s General Manager Roberto Bruno and Wine Enthusiast’s lead Italian critic, Kerin O’Keefe. The masterclasses will focus not only on the various expressions of Barolo, but also on top cru sites exclusive to Fontanafredda, the newly-released Barolo MGA (Menzione Geografica Aggiuntiva) and rare, old vintages dating back to 1982.
A by-the-glass program of a selection of Fontanafredda’s wines will be featured in each restaurant in all of Eataly’s US locations: Boston, Chicago, Los Angeles and New York City’s Downtown and Flatiron locations. The wines available are: Alta Langa Contessa Rosa Rosé, Serralunga d’Alba Barolo DOCG, Proprietà in Fontanafredda MGA Barolo DOCG and Vigna La Rossa Barolo DOCG current and library vintages.
Fontanafredda’s Barolos are also poured at other restaurants in the cities where the Barolo Week[s] events are being held, including North Italia (multiple locations) and the Disneyland Hotel in the Los Angeles area; Bowery Road, Tessa and Rossopomodoro in New York City; and Strip by Strega and Nebo in Boston.
In addition, to commemorate the wine estate’s milestone, a special, limited-edition Fontanafredda Barolo 160th Anniversary Vertical Collection will be available for purchase. The collection will include six outstanding vintages of Barolo Riserva: 1982, 1996, 1998, 1999, 2000 and 2010. The wines come in a wooden case, and each label depicts a unique chapter of the estate’s 160-year history. Only 925 cases will be available.
The main calendar of the Barolo Week[s] events is as follows:· Oct. 22: Barolo Masterclass for press and trade at Eataly Los Angeles (by invitation)
· Oct. 22: Barolo Master Seminar with Fontanafredda for consumers at Eataly Los Angeles
· Oct. 23: The “King of Wines,” Barolo: A Wine Dinner through the UNESCO Hills of Piedmont for consumers at Eataly Chicago
· Oct. 24: Barolo masterclass for press and trade at Eataly NYC Flatiron (by invitation)
· Oct. 24: Barolo & Beyond: A Taste through the UNESCO Hills of Piedmont for consumers at Eataly NYC Flatiron
· Oct. 25: Barolo masterclass for press and trade at Eataly Boston (by invitation)
· Oct. 25: Barolo Wine & Dine Tasting and Dinner for consumers on October 25 in Boston
To stay updated on all the details of the exciting Barolo Week[s] celebrations, please visit http://us.baroloweek.com/ and be sure to follow Fontanafredda on Facebook (@fontanafreddawines) and Instagram (@fontanafreddawines), and across all channels at #baroloweek.
About Fontanafredda: For over 160 years, Fontanafredda has been producing outstanding Barolo from its winery in Serralunga d’Alba, in the heart of the Barolo region of Northwest Italy. Founded in 1858 by Vittorio Emanuele II, the first King of Italy, Fontanafredda has since been a favorite of Italy’s nobility and wine lovers alike. Today, the winery is owned by Oscar Farinetti, the founder of Eataly, and the wines imported to the U.S. include the Vigna La Rosa Barolo, Serralunga d’Alba Barolo and Barolo Proprietà in Fontanafredda MGA, among others. In the United States, Fontanafredda is imported by Taub Family Selections. For more information, please visit http://www.fontanafredda.it. Reported by PRWeb 3 hours ago.
NEW YORK (PRWEB) October 08, 2018
Fontanafredda, one of Italy’s most prominent and historic Barolo producers and Wine Enthusiast’s European Winery of the Year, is excited to announce the launch of the third annual Barolo Week[s] in October 2018, after two highly successful editions. Barolo Week[s] is a celebration of the iconic wine of Italy’s Piedmont region, and aims to introduce a new generation of Americans to these internationally-renowned wines. Its series of events is intended to increase awareness around Italy’s “King of Wines” and engage consumers in understanding what makes Barolo Italy’s most highly-regarded wine, in order to appreciate its value more fully. This year’s events will also coincide with Fontanafredda’s 160th anniversary.
“Barolo is a complex, unique wine,” says Fontanafredda owner Oscar Farinetti. “We at Fontanafredda have a unique story to tell as one of the region’s most renowned producers, as we celebrate the estate’s 160th anniversary this year. We see Fontanafredda’s Barolos as the definition of accessible luxury, and I am so pleased to welcome fans new and old to the third edition of Barolo Week[s], which is an incredible opportunity for wine lovers to experience such amazing, benchmark wines.”
Barolo Week[s] is part of an international promotion, with events, dinners and tasting experiences organized in locations around the world, including Canada, Mexico, Malta, Germany, Switzerland, Iceland, United Kingdom, Sweden, Holland, Japan, Taiwan, South Korea and the United States.
The lineup in the U.S. includes Barolo tastings for trade, press and the public at the New York City, Chicago, Los Angeles and Boston locations of Eataly, the quintessential Italian culinary marketplace.
The main ticketed events open to the public will be a Barolo Master Seminar with Fontanafredda on October 22 in Los Angeles, a “King of Wines” Barolo Dinner on October 23 in Chicago, a Barolo & Beyond Tasting on October 24 at New York City’s Flatiron location and a Barolo Wine & Dine Tasting and Dinner on October 25 in Boston.
In addition to the public events, Taub Family Selections, Fontanafredda’s US importer, will host a series of comprehensive masterclasses and tastings for trade and press in New York, Los Angeles and Boston, led by Fontanafredda’s General Manager Roberto Bruno and Wine Enthusiast’s lead Italian critic, Kerin O’Keefe. The masterclasses will focus not only on the various expressions of Barolo, but also on top cru sites exclusive to Fontanafredda, the newly-released Barolo MGA (Menzione Geografica Aggiuntiva) and rare, old vintages dating back to 1982.
A by-the-glass program of a selection of Fontanafredda’s wines will be featured in each restaurant in all of Eataly’s US locations: Boston, Chicago, Los Angeles and New York City’s Downtown and Flatiron locations. The wines available are: Alta Langa Contessa Rosa Rosé, Serralunga d’Alba Barolo DOCG, Proprietà in Fontanafredda MGA Barolo DOCG and Vigna La Rossa Barolo DOCG current and library vintages.
Fontanafredda’s Barolos are also poured at other restaurants in the cities where the Barolo Week[s] events are being held, including North Italia (multiple locations) and the Disneyland Hotel in the Los Angeles area; Bowery Road, Tessa and Rossopomodoro in New York City; and Strip by Strega and Nebo in Boston.
In addition, to commemorate the wine estate’s milestone, a special, limited-edition Fontanafredda Barolo 160th Anniversary Vertical Collection will be available for purchase. The collection will include six outstanding vintages of Barolo Riserva: 1982, 1996, 1998, 1999, 2000 and 2010. The wines come in a wooden case, and each label depicts a unique chapter of the estate’s 160-year history. Only 925 cases will be available.
The main calendar of the Barolo Week[s] events is as follows:· Oct. 22: Barolo Masterclass for press and trade at Eataly Los Angeles (by invitation)
· Oct. 22: Barolo Master Seminar with Fontanafredda for consumers at Eataly Los Angeles
· Oct. 23: The “King of Wines,” Barolo: A Wine Dinner through the UNESCO Hills of Piedmont for consumers at Eataly Chicago
· Oct. 24: Barolo masterclass for press and trade at Eataly NYC Flatiron (by invitation)
· Oct. 24: Barolo & Beyond: A Taste through the UNESCO Hills of Piedmont for consumers at Eataly NYC Flatiron
· Oct. 25: Barolo masterclass for press and trade at Eataly Boston (by invitation)
· Oct. 25: Barolo Wine & Dine Tasting and Dinner for consumers on October 25 in Boston
To stay updated on all the details of the exciting Barolo Week[s] celebrations, please visit http://us.baroloweek.com/ and be sure to follow Fontanafredda on Facebook (@fontanafreddawines) and Instagram (@fontanafreddawines), and across all channels at #baroloweek.
About Fontanafredda: For over 160 years, Fontanafredda has been producing outstanding Barolo from its winery in Serralunga d’Alba, in the heart of the Barolo region of Northwest Italy. Founded in 1858 by Vittorio Emanuele II, the first King of Italy, Fontanafredda has since been a favorite of Italy’s nobility and wine lovers alike. Today, the winery is owned by Oscar Farinetti, the founder of Eataly, and the wines imported to the U.S. include the Vigna La Rosa Barolo, Serralunga d’Alba Barolo and Barolo Proprietà in Fontanafredda MGA, among others. In the United States, Fontanafredda is imported by Taub Family Selections. For more information, please visit http://www.fontanafredda.it. Reported by PRWeb 3 hours ago.
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Stock markets stage sharp sell-off amid fear of Italy-EU budget fight
World inventory markets staged a pointy sell-off on Monday amid rising considerations over the cheap showdown between Italy and the EU and the possibility of weaker enlargement within the Chinese language financial system. Italian borrowing prices jumped and the euro dropped on international exchanges because the disagreement between Rome and Brussels escalated, whilst stocks on …
Reported by The News Articles 2 hours ago.
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Jeep Renegade plug-in hybrid confirmed
A Jeep Renegade plug-in hybrid will join the brand's portfolio in early 2020, parent automaker Fiat-Chrysler Automobiles confirmed on Monday. The Melfi manufacturing plant in Italy has begun preparing for the electrified Renegade variant as part of FCA's wider electrification strategy. The automaker said the Renegade plug-in will be built...
Reported by MotorAuthority 2 hours ago.
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Global shares slide on China growth fears, dollar gains
A gauge of global equity markets fell on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China's growth, while the dollar gained versus the euro and Italian bond yields spiked on a spat over Italy's budget plans.
Reported by Reuters 2 hours ago.
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Kiwi triathlete Dylan McCullough claims gold at Youth Olympic Games
Kiwi triathlete Dylan McCullough has claimed New Zealand's first gold medal at the 2018 Youth Olympic Games in Buenos Aires.McCullough broke away with a 13-second lead after a tight-fought bike ride with Italy's Alessio Crociani...
Reported by New Zealand Herald 2 hours ago.
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Uncapped Tonelli and Piccini called up by Italy after trio drop out
Uncapped defensive duo Lorenzo Tonelli and Cristiano Piccini have been called up to the Italy squad after Danilo D’Ambrosio, Alessio Romagnoli and Patrick Cutrone all withdrew. Tonelli has impressed on loan at Sampdoria this season from Napoli and scored the winner against Atalanta on Sunday, while Piccini has settled well at Valencia after joining from Sporting […]
The post Uncapped Tonelli and Piccini called up by Italy after trio drop out appeared first on Soccer News. Reported by SoccerNews.com 2 hours ago.
The post Uncapped Tonelli and Piccini called up by Italy after trio drop out appeared first on Soccer News. Reported by SoccerNews.com 2 hours ago.
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Global wrap: equity markets remained under heavy downward pressure - ANZ
In a market wrap, analysts at ANZ Bank New Zealand Limited explained that global equity markets remained under heavy downward pressure despite the Columbus Day holiday in the US.
· *A range of drivers contributing to uncertainty and volatility in markets - ANZ*
*Key Quotes:*
"The EU Commission noted significant deviation of Italy’s budget plans from EU targets, weighing on stocks and the euro. Italian BTPs yields were sharply higher; the 2-year yield rose 20bps and the 10-year yield rose 14bps."
"However, uncertainty in markets is broad-based at the moment, with increased volatility being driven by a number of factors, rather than simply being focused on Italy."
"The DAX was off 1.4%, the CAC 40 fell 1.1% and the FTSE 100 was off 1.2%. At the time of writing, the S&P 500 was down 0.6%. The US bond market was closed. WTI fell 0.6% and gold fell 1.4%." Reported by FXstreet.com 1 hour ago.
· *A range of drivers contributing to uncertainty and volatility in markets - ANZ*
*Key Quotes:*
"The EU Commission noted significant deviation of Italy’s budget plans from EU targets, weighing on stocks and the euro. Italian BTPs yields were sharply higher; the 2-year yield rose 20bps and the 10-year yield rose 14bps."
"However, uncertainty in markets is broad-based at the moment, with increased volatility being driven by a number of factors, rather than simply being focused on Italy."
"The DAX was off 1.4%, the CAC 40 fell 1.1% and the FTSE 100 was off 1.2%. At the time of writing, the S&P 500 was down 0.6%. The US bond market was closed. WTI fell 0.6% and gold fell 1.4%." Reported by FXstreet.com 1 hour ago.
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Market wrap: a particular attention to Italy - Westpac
Analysts at Westpac explained that European sentiment was mostly poor, in line with Asia but with particular attention on Italy.
***Key Quotes:*
"US markets were partially closed (bonds/rates closed, equities open) for Columbus Day and there were no data releases in the US. Chinese related moves and concerns remained in focus, with the Shanghai Composite closing down -3.7% after the week-long holiday."
"Currency markets weren’t as quiet as might have been expected given the thin calendar. EUR/USD fell from 1.1520 to 1.1460 – a two-month low. Italian politicians continued to talk tough with both deputy PMs Di Maio and then Salvini stressing that they would not alter their budget proposals. Salvini then accused Brussels/EU of being the real enemy of Europe in an attack on their continued austerity. Consequently Italian government bond yields rose, with 10yr yields up 17 basis points to 3.56% and 2yr yields up 24bps to 1.53%. The Milan bourse fell -2.3% versus Euro Stoxx -1.0%."
"The Japanese yen was also lively: after quiet trade with Tokyo on holiday, USD/JPY fell as much as 1 yen to just above 112.80. The yen was strongest in the G10 over the day, in line with its safe haven status but it has been less sensitive to risk appetite in recent months."
"AUD/USD held up well considering the poor risk mood, dipping briefly to another 2 ½ year low at 0.7041 before rebounding to 0.7080. NZD similarly bounced off a two-year low of 0.6425 to 0.6455. AUD/NZD rose further to 1.0975 – a three-week high. CAD and GBP were net little changed, but traded fairly wide ranges as the US dollar made broad gains, then faded."
"The US treasury market was closed for the US holiday but futures traded, implying a pullback in yields from 3.25% to 3.21%. Fed fund futures yields continued to price the chance of another rate hike in December at 80%." Reported by FXstreet.com 1 hour ago.
***Key Quotes:*
"US markets were partially closed (bonds/rates closed, equities open) for Columbus Day and there were no data releases in the US. Chinese related moves and concerns remained in focus, with the Shanghai Composite closing down -3.7% after the week-long holiday."
"Currency markets weren’t as quiet as might have been expected given the thin calendar. EUR/USD fell from 1.1520 to 1.1460 – a two-month low. Italian politicians continued to talk tough with both deputy PMs Di Maio and then Salvini stressing that they would not alter their budget proposals. Salvini then accused Brussels/EU of being the real enemy of Europe in an attack on their continued austerity. Consequently Italian government bond yields rose, with 10yr yields up 17 basis points to 3.56% and 2yr yields up 24bps to 1.53%. The Milan bourse fell -2.3% versus Euro Stoxx -1.0%."
"The Japanese yen was also lively: after quiet trade with Tokyo on holiday, USD/JPY fell as much as 1 yen to just above 112.80. The yen was strongest in the G10 over the day, in line with its safe haven status but it has been less sensitive to risk appetite in recent months."
"AUD/USD held up well considering the poor risk mood, dipping briefly to another 2 ½ year low at 0.7041 before rebounding to 0.7080. NZD similarly bounced off a two-year low of 0.6425 to 0.6455. AUD/NZD rose further to 1.0975 – a three-week high. CAD and GBP were net little changed, but traded fairly wide ranges as the US dollar made broad gains, then faded."
"The US treasury market was closed for the US holiday but futures traded, implying a pullback in yields from 3.25% to 3.21%. Fed fund futures yields continued to price the chance of another rate hike in December at 80%." Reported by FXstreet.com 1 hour ago.
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Ship traffic, October 9
Ship traffic Due to arrive today SHIP FROM PORT Asian King Shanghai BNC Bear Mountain Bridge Long Beach OAK Cosco Italy Los Angeles OAK CSL Spirit Port McNeill, B.C. SFO NYK Nebula Vancouver, B.C. OAK YM Mutuality Los Angeles OAK Due to depart today SHIP TO PORT Cap Jackson Seattle OAK Galini Port Unknown SFO Kauai Honolulu OAK NYK Nebula Los Angeles OAK NYK Rumina Seattle OAK Ocean Gracious Vancouver, Wash. SCK Pegasus Highway Chiba, Japan BNC Seroja Empat Busan, South Korea OAK Source: S.F. Marine Exchange
Reported by SFGate 33 minutes ago.
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Get a lifetime membership to Rosetta Stone for $120 off, courtesy of Amazon
The world isn't as big as it used to be, so it pays to learn a second language. Whether you're a CEO learning Mandarin or simply going on vacation in Italy, an ability to converse with native speakers will take you a long way.
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Get a Rosetta Stone Lifetime Membership for $179, an excellent deal that will save you $120 on the listed price of $299. Better yet, you also get a $20 Amazon gift card with your purchase.
Rosetta Stone has 23 languages available to choose from as part of this Amazon special, ranging from Greek to Vietnamese and everything in between. Note: use the edition dropdown menu bar on the Amazon page to select the language you want. Read more...
More about Mashable Shopping, Shopping Amazon, Shopping Onlinecourses, Rosetta Stone, and Culture Reported by Mashable 7 hours ago.
SEE ALSO: Best deals for Oct. 9: Save on Nintendo 3DS XL, CBD oil, Rosetta Stone, Echo Look, PlayStation 4, and more
Get a Rosetta Stone Lifetime Membership for $179, an excellent deal that will save you $120 on the listed price of $299. Better yet, you also get a $20 Amazon gift card with your purchase.
Rosetta Stone has 23 languages available to choose from as part of this Amazon special, ranging from Greek to Vietnamese and everything in between. Note: use the edition dropdown menu bar on the Amazon page to select the language you want. Read more...
More about Mashable Shopping, Shopping Amazon, Shopping Onlinecourses, Rosetta Stone, and Culture Reported by Mashable 7 hours ago.
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The EUR tone remains soft as focus remains on Italian fiscal policy - Scotiabank
Analysts at Scotiabank explained that Germany reported a slightly larger than expected trade surplus in Aug (EUR17.2bn), reflecting slower import growth as exports dipped modestly.
*Key Quotes:*
"The EUR tone remains soft as focus remains on Italian fiscal policy and markets maintain pressure on Italian bonds; EU officials are concerned that Italy’s mix of high debt and slow growth is unbalanced but Italian officials will submit a formal draft plan next Monday as Rome stresses that it will not back down. The face-off may continue to weigh on EUR sentiment in the next few weeks."
"EUR/USD retains a weak undertone. The EUR’s slide below 1.15 leaves the door open for a retest of the mid-August low in the coming weeks potentially. Intraday signals are leaning a little more constructively, however, with spot nudging off the earlier low as bargain hunters emerge ahead of the Nth American open. We see resistance at 1.1500." Reported by FXstreet.com 6 hours ago.
*Key Quotes:*
"The EUR tone remains soft as focus remains on Italian fiscal policy and markets maintain pressure on Italian bonds; EU officials are concerned that Italy’s mix of high debt and slow growth is unbalanced but Italian officials will submit a formal draft plan next Monday as Rome stresses that it will not back down. The face-off may continue to weigh on EUR sentiment in the next few weeks."
"EUR/USD retains a weak undertone. The EUR’s slide below 1.15 leaves the door open for a retest of the mid-August low in the coming weeks potentially. Intraday signals are leaning a little more constructively, however, with spot nudging off the earlier low as bargain hunters emerge ahead of the Nth American open. We see resistance at 1.1500." Reported by FXstreet.com 6 hours ago.
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Icardi future uncertain?
According to reports in Italy, Mauro Icardi’s future with Inter Milan remains uncertain as both sides refuse to back down regarding the wage demands. Icardi’s current deal is set to run out in three years time, and from a financial standpoint, it’s worth €4.5m (£3.95m) a year. However, he’s now demanding €8m (£7.2m) plus bonuses while the […]
The post Icardi future uncertain? appeared first on Soccer News. Reported by SoccerNews.com 6 hours ago.
The post Icardi future uncertain? appeared first on Soccer News. Reported by SoccerNews.com 6 hours ago.
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