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BONDS

Gilt/Bund spread breaks above the double top

OUTLOOK

Weekly Claims, Retail Sales, TIC Flows

Little Progress On Reviving Coalition

ITALY
(Reuters) - Talks aimed at reviving Italy's collapsed ruling coalition were blocked on Monday over policy issues even before any discussion on who the prime minister should be, political sources said.
  • The speaker of the lower house of parliament, Roberto Fico, has been leading mediation efforts since Friday between the coalition parties.
  • He is due to report back to Italian President Sergio Mattarella on his progress on Tuesday, but with time running out little progress has been made, sources familiar with the discussions told Reuters.
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