Italy’s FTSE MIB Finally Recoups Declines Since Financial Crisis

Italy’s equity benchmark surpassed its 2007 peak, becoming the last major European index to reclaim declines triggered by the global financial crisis. The FTSE MIB Index — home to banks such as UniCredit SpA and defense firm Leonardo SpA — gained as much as 1.1% to...

Germany Must Ensure Return to Sound Finances, Bundesbank Says

Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank. The central bank, which advises the government on economic policy, proposed a three-stage plan to lower debt, and repeated a...

Fed Says Vulnerabilities Tied to Financial Leverage ‘Notable’

The Federal Reserve flagged vulnerabilities tied to leverage in a semi-annual report on financial stability that said the banking system remained “sound and resilient.” The report, which isn’t a forecast, said that hedge fund leverage had increased. It had grown...

US Consumer Sentiment Declines to Near Lowest on Record

US consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic outlook and high prices soured views about personal finances. The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022...