Italy

Rebounding service revenues justify giving Vodafone the benefit of the doubt, for now

A recovery in organic service revenues would help soothe persistent worries over India and South Africa

Investors are avoiding major moves ahead of Saturday’s momentous risk event

One key EU government could be headed for collapse whilst another could soon be formed

The political situation in Italy is reaching code red; EUR/USD poised for a big move

After a week like this, investors are clearly unwilling to go into the weekend with strongly bullish positions exposed to next week's unpredictable open

In recent weeks the focus has been on escalating global trade tensions and implications for markets. Tonight, it is Europe’s chance to regain the spotlight at its monthly ECB interest rate meeting and courtesy of problem child, Italy again waving a defiant fist at Brussels.

Europe’s rebound may not turn out to be any more deluded than elsewhere

A lack of fresh trade dispute developments increases focus on events in Italy

A more convincing patina of positive sentiment in Europe with help from Italy.

In the absence of fresh direction from Wall Street, European markets are creating their own positive impetus.

A third-straight weak session for European gauges as Wall Street tentatively drifts higher.

European stock markets took their cue from the heavy selloffs in the US and Asia to open lower Thursday as bigger picture concerns about the US economy reasserted themselves.

The FTSE opened gingerly lower this morning but European stocks are trading higher in the calm before the storm.

Uncertainty remains the main feature of European markets with Brexit and the Italian budget high on the list of concerns. The FTSE, DAX and the CAC are all trading lower and US futures are showing signs of weakness.

NAFTA relief abounds, though watch Italian yields.