Finland’s financial industry should prepare for potential turmoil on the global markets, the Financial Supervisory Authority warned.
Australia’s real exchange rate could jump 6 percent and gross domestic product be cut by 2.5 percent in the event of an all-out global trade war, Reserve Bank research conducted in March showed.
Danske Bank A/S Chief Executive Officer Thomas Borgen will step down amid allegations that the lender he oversaw was the center of a major European money laundering scandal involving billions of dollars in illicit funds over several years.
Lawmakers from Italy’s Five Star Movement are ratcheting up the pressure on Finance Minister Giovanni Tria as the populist party, one of two members of the ruling coalition, seeks more funding for its programs in the coming budget and signals its willingness to raise deficits.
Euro Stoxx 50 futures are slightly up. Strong gains on Wall Street yesterday, with investors shrugging off the latest headlines on the U.S.-China trade war. The VIX fell back to 12.8, and looking at the “fear gauge” chart, there isn’t much fear priced in.
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