Trading news

Italy to support weaker banks

Italy

Italy's government may need to support the weaker banks via injecting capital directly, in an attempt to boost their financial strength, as per a governmental source today.

Italy may support weaker banks while Russia remains stable after the Brexit

Russia

Elvira Nabiullina, Russia's central bank governor, said today that the Brexit would have a minor impact on the economy.

Japan

Japan's housing starts climbed from 9.0% to 9.8% and did not match the economists' estimations for a drop to 4.8%.

Germany

Germany's retail sales escalated from -0.3% to 0.9%. The economists expected the indicator to appreciate 0.7%.

Switzerland

The Swiss KOF economic barometer rose from 101.8 to 102.4. The analysts estimated the figure to drop to 102.8.

Turkey

The Turkish trade balance dropped from -4.21 to -5.05B. The analysts and the economists predicted the TTB to fall -5.10B.

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