The FIRSTonline editorial team has selected the five most important facts of the day from the political and financial world. Today Prime Minister Matteo Renzi was in Milan to sign the Pact with Mayor Beppe Sala: 1,5 billion euros to finance the projects of the Lombard city. The article signed by Antonio Duva is an interesting analysis of the comparison with the disastrous Rome. On the financial front, however, the fourth consecutive flop of the Stock Exchange should be recorded, driven downwards by Wall Street's fears on US rates and by the drop in oil. But not only. Here are the five news items:
Bags, another day not. The fourth
Uncertainty about rates and the oil turnaround are pushing markets lower. Madrid are the worst with Milan falling to a three-week low. Sales are fierce on Telecom Italia (-3,8%) but operators are also moving away from banks and insurance companies. Downturn Wall Street delivers the coup de grace. Read the full article
GDP, Padoan: we will revise the estimates downwards
Incoming cut for growth forecasts with the update note to the Def - The reduction of Irpef is postponed, but "the government will continue to implement public spending cuts to finance tax cuts" - Renzi: "GDP is back positive , but it doesn't go as fast as we would like." Read the full article
Consob: many Italians don't know how to invest
The 2016 Consob Report on household investment choices highlights the low financial culture: many lack the basic concepts of finance and often invest by hearsay, blindly trusting the advice of friends and relatives. Read the full article
Rome reels, Milan runs: Renzi and Sala sign the Pact
The Premier and the mayor have signed the "Pact for Milan": 1,5 billion euros to finance the projects of a city - From the management of refugees and immigrants to urban mobility and the recovery of the suburbs up to the attractiveness and internationalization – Soon the decree for the post-Expo – Renzi: “Milan, Italy's reference city in the world”. Read the full article
Hillary keeps America anxious, Michelle takes the field
"I didn't think it was that serious", Clinton justifies herself for not having disclosed the disease immediately - Obama and above all First Lady Michelle to her rescue - On September 26, the hour of truth with the first televised duel with Trump - If Clinton should he fail, the most likely replacement is Vice President Biden. Read the article
