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Zero Hedge 01/22/2020 06:35
Italian Bonds, Stocks Slide As Five Star Leader Steps Aside. With his once-vanquished partner-turned-rival Matteo Salvini breathing down his neck, Luigi Di Maio, the longtime leader of Italy's anti-establishment, left-of-center Five Star Movement, has stepped down from his position at the head of the party, though he will continue to serve as Italy's foreign minister in a coalition government with the centrist Democrats. News of Di Maio's departure is a harbinger of more political turbulence in a country where the ruling coalition is held together by an extremely fragile alliance, hence why Italian assets - including stocks and government bonds - sold off on the news. Over the past year, Five Star's popularity has been shrinking as its chief.
Sundaily (Asia) 01/22/2020 06:35
TOKYO:. Japan’s government cut its assessment of capital spending in January for the first time in eight months due to softer global demand but said its overall view of the economy was unchanged from December. The government’s economic report came after the Bank of Japan (BOJ) nudged up its growth forecasts on Tuesday, although governor Haruhiko Kuroda said low inflation meant the bank needed to keep its stimulus policies in place. "The economy is recovering at a moderate pace, while it is showing weakness centred on manufacturers ...

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