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Italy Survives S&P Scrutiny Staying Two Steps Above Junk

(Bloomberg) Italy remains at two levels above junk at S&P Global Ratings after Giorgia Meloni’s government weathered the first of several possible assessments on its looser deficit prospects.Most Read from BloombergIsrael Latest: Hamas Releases Two US Hostages After Secret TalksHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Day?US Presses Israel to Del

Wall Street s Need for Speed in Stocks Is Reshaping the FX World

(Bloomberg) A looming shift in the way US equity trades are settled is sending unintended shock waves through the $7.5 trillion-a-day global market for foreign exchange.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023Costco Offers Members $29 O

Hedge Funds Ditch Bets on Euro Ahead of ECB

(Bloomberg) Hedge funds are turning ever more negative on the euro ahead of an interest-rate decision by the European Central Bank next week that is proving increasingly difficult to call.Most Read from BloombergEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USUS Probes Made-in-China Chip as Tensions Flare Over TechnologyEx-Google CEO Eric Schmidt Scraps $67

Charting the Global Economy: Euro Area Activity Retrenches

(Bloomberg) The contraction in euro area business activity deepened this month, most notably in Germany where the decline was the steepest since the pandemic brought the economy to a screeching halt in May 2020.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Signals Fed Will Raise Rates If Needed, Keep Them HighTesla Investors to Get $12,000 Each From Musk’s SEC DealNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationAfter 15 Y

Bonds Gain as Investors Spot Value After Sector s Pummelling

Bonds Gain as Investors Spot Value After Sector s Pummelling
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