Market Comment| Budget deal between Italy and the EU boosted Italian markets; Fed in focus

Summary

Financial markets continued in a cautious mood with all eyes on the expected hike of 25 bps in the US interest rate and on the Fed’s forward guidance later today. Powell’s press conference will be closely monitored. Today, Italy and the EU agreed on the italian budget plan, and the possibility of further China-US trade talks in January helped to ease ongoing trade concerns

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