Government intervention in markets, and market developments that force political responses, are keeping risks high and macro traders glued to their screens.
Oil prices are seen stabilizing around current levels, the outlook for rates is lower for longer, and geopolitical risks are regarded as low — except for the ones we can’t predict.
Carlo Messina’s Intesa is among a number of Italian banks that are finally addressing bad loans ahead of the ECB’s review; will the economy enable them to return to health?
