Natixis - Italyâ€™s fundamental situation is still deteriorating, yet investors are not worried about it. Why?

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Natixis

Patrick Artus

Italyâ€™s fundamental situation is still deteriorating, yet investors are not worried about it. Why?

Italyâ€™s fundamental situation ( potential growth , investment , weight of industry , structural unemployment ) is still deteriorating . Yet , financial markets (for example the BTP/Bund spread) are improving ; this can be explained by: The fact that the fiscal deficit remains quite low in Italy; The improvement in banksâ€™ situation (decline in non-performing loans, announcement of another TLTRO). But can the improvement in financial markets persist if Italyâ€™s fundamental economic situation continues to deteriorate ?

14/04/2019 5 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patrick Artus

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Italyâ€™s fundamental situation is still deteriorating, yet investors are not worried about it. Why?

Japan: Macro and geopolitics brew winners in industrials, IT and financials

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

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