Italian bond yields spike to 4-year highs as the EU slams its new budget plan

Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans. Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget. The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m


Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans. Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget. The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m
Italian bond yields spike to 4-year highs as the EU slams its new budget plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: matt clinch
Keywords: news, cnbc, companies, highs, hit, 4year, italian, early, week, warned, plan, spike, union, slams, eu, yields, italys, budget, unveiled, bond


Italian bond yields spike to 4-year highs as the EU slams its new budget plan

Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans.

Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget.

The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m. London time after finishing Thursday at 3.673 percent. Shares on Milan’s FTSE MIB also slid 0.9 percent in early trade after steep losses in the previous session.

Investors have shown concerns over Italy’s 2019 budget, which was officially sent to the EU this week for analysis. The anti-establishment and partly right-wing government in Italy plans to increase public spending, sticking with campaign pledges before the general election in March this year.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: matt clinch
Keywords: news, cnbc, companies, highs, hit, 4year, italian, early, week, warned, plan, spike, union, slams, eu, yields, italys, budget, unveiled, bond


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Wall Street losses rip through global markets as rate fears shake investors

Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth. Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest r


Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth. Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest r
Wall Street losses rip through global markets as rate fears shake investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: fred imbert, eustance huang, ryan browne, matt clinch, getty images
Keywords: news, cnbc, companies, seen, investors, points, street, wall, dow, yields, trump, stocks, week, rates, rate, global, losses, markets, rip, shake, fears


Wall Street losses rip through global markets as rate fears shake investors

Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth.

Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. ET. Futures implied the Dow will open Thursday down by 280 points. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. The VIX (the CBOE Volatility Index), which is seen as a fear gauge for the market, also hit a high of 20.58, its highest level since April 11.

Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest rates. The International Monetary Fund warned earlier this week that simmering trade tensions, such as those between the U.S. and China, could lead to a “sudden deterioration in risk sentiment, triggering a broad-based correction in global capital markets and a sharp tightening of global financial conditions.”

Meanwhile, U.S. Treasury yields have this week climbed to multi-year highs. Traditionally a sharp rise in bond yields — the cost of borrowing — is seen as negative for major cooperates and their stock prices. President Donald Trump on Wednesday once again criticized the U.S. Federal Reserve, calling the central bank “crazy” for its insistence on hiking rates. Trump also commented on the plunge in markets, calling it a “correction that we’ve been waiting for for a long time.”


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: fred imbert, eustance huang, ryan browne, matt clinch, getty images
Keywords: news, cnbc, companies, seen, investors, points, street, wall, dow, yields, trump, stocks, week, rates, rate, global, losses, markets, rip, shake, fears


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Alibaba ties with Russian partners for an e-commerce platform

Alibaba signed a new strategic partnership Tuesday with the sovereign wealth fund of Russia, alongside mobile operator MegaFon and internet group Mail.ru. The partnership is aimed at integrating Russia’s key consumer internet and e-commerce platforms, and also launching a leading social commerce joint venture in Russia. “Collectively, the parties will inject new capital, strategic assets, leadership, resources and expertise to create an unmatched value proposition for merchants, consumers and in


Alibaba signed a new strategic partnership Tuesday with the sovereign wealth fund of Russia, alongside mobile operator MegaFon and internet group Mail.ru. The partnership is aimed at integrating Russia’s key consumer internet and e-commerce platforms, and also launching a leading social commerce joint venture in Russia. “Collectively, the parties will inject new capital, strategic assets, leadership, resources and expertise to create an unmatched value proposition for merchants, consumers and in
Alibaba ties with Russian partners for an e-commerce platform Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: matt clinch, aly song
Keywords: news, cnbc, companies, venture, russias, wealth, users, partners, alibaba, platform, value, internet, ties, russian, strategic, partnership, unmatched, ecommerce, russia


Alibaba ties with Russian partners for an e-commerce platform

Alibaba signed a new strategic partnership Tuesday with the sovereign wealth fund of Russia, alongside mobile operator MegaFon and internet group Mail.ru.

The partnership is aimed at integrating Russia’s key consumer internet and e-commerce platforms, and also launching a leading social commerce joint venture in Russia.

“Collectively, the parties will inject new capital, strategic assets, leadership, resources and expertise to create an unmatched value proposition for merchants, consumers and internet users across Russia and the CIS (Russian Commonwealth), as well as accelerate the development of Russia’s rapidly growing digital economy,” a press release stated Tuesday.

This is a breaking news story. Please check back for details.


Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: matt clinch, aly song
Keywords: news, cnbc, companies, venture, russias, wealth, users, partners, alibaba, platform, value, internet, ties, russian, strategic, partnership, unmatched, ecommerce, russia


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Turkish lira sinks after reports that a key central bank member could resign

The Turkish lira saw heavy selling again Thursday afternoon, amid a broader sell-off for emerging markets and after a report of a possible resignation at the country’s central bank. Thursday’s losses were accentuated by a Reuters report, that cited two sources familiar with the matter, stating that the Turkish central bank’s deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign. The Development Bank of Turkey released a document on Thursday showing Kilimci had joine


The Turkish lira saw heavy selling again Thursday afternoon, amid a broader sell-off for emerging markets and after a report of a possible resignation at the country’s central bank. Thursday’s losses were accentuated by a Reuters report, that cited two sources familiar with the matter, stating that the Turkish central bank’s deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign. The Development Bank of Turkey released a document on Thursday showing Kilimci had joine
Turkish lira sinks after reports that a key central bank member could resign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: matt clinch, ismail ferdous, bloomberg, getty images
Keywords: news, cnbc, companies, bank, turkey, kilimci, sinks, resign, lira, key, report, turkish, member, central, countrys, monetary, yearthursdays, reports


Turkish lira sinks after reports that a key central bank member could resign

The Turkish lira saw heavy selling again Thursday afternoon, amid a broader sell-off for emerging markets and after a report of a possible resignation at the country’s central bank.

The U.S. dollar was up over 4 percent on Thursday against the Turkish currency, trading at 6.7422 by 1:00 p.m. London time. The lira has already seen a roughly 40 percent depreciation against the greenback since the beginning of the year.

Thursday’s losses were accentuated by a Reuters report, that cited two sources familiar with the matter, stating that the Turkish central bank’s deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign. The Development Bank of Turkey released a document on Thursday showing Kilimci had joined its board, Reuters reported.

The central bank was not immediately available for comment when contacted by CNBC.

Turkish President Recep Tayyip Erdogan has long pressured the central bank against monetary tightening, calling himself “the enemy of interest rates” as he prioritized rapid growth over tempering runaway inflation, currently at more than 15 percent. This led the lira to spiral over time, as investors lost faith in the country’s fiscal discipline.


Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: matt clinch, ismail ferdous, bloomberg, getty images
Keywords: news, cnbc, companies, bank, turkey, kilimci, sinks, resign, lira, key, report, turkish, member, central, countrys, monetary, yearthursdays, reports


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Trump claims social media firms are discriminating against conservative voices

President Donald Trump claimed that social media firms are incorrectly clamping down on right-wing views and said his administration “won’t let that happen.” “Social Media is totally discriminating against Republican/Conservative voices. Speaking loudly and clearly for the Trump Administration … Trump has previously spoken of “shadow banning,” a term used to describe anti-rightwing bias in social media or the reduction of visibility for people with certain views. Social media firms have denied


President Donald Trump claimed that social media firms are incorrectly clamping down on right-wing views and said his administration “won’t let that happen.” “Social Media is totally discriminating against Republican/Conservative voices. Speaking loudly and clearly for the Trump Administration … Trump has previously spoken of “shadow banning,” a term used to describe anti-rightwing bias in social media or the reduction of visibility for people with certain views. Social media firms have denied
Trump claims social media firms are discriminating against conservative voices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-18  Authors: matt clinch, carlos barria
Keywords: news, cnbc, companies, claims, firms, views, rightwing, let, discriminating, social, twitter, trump, wont, administration, voices, media, conservative


Trump claims social media firms are discriminating against conservative voices

President Donald Trump claimed that social media firms are incorrectly clamping down on right-wing views and said his administration “won’t let that happen.”

“Social Media is totally discriminating against Republican/Conservative voices. Speaking loudly and clearly for the Trump Administration … They are closing down the opinions of many people on the RIGHT, while at the same time doing nothing to others,” he said on Twitter early Saturday morning.

Trump has previously spoken of “shadow banning,” a term used to describe anti-rightwing bias in social media or the reduction of visibility for people with certain views. Social media firms have denied these claims.

“Censorship is a very dangerous thing & absolutely impossible to police,” Trump added. “Let everybody participate, good & bad, and we will all just have to figure it out!”

His fresh comments on the subject come just days after Twitter restricted the account of right-wing media personality Alex Jones for violating its policies.

This is a breaking news story, please check back later for more.


Company: cnbc, Activity: cnbc, Date: 2018-08-18  Authors: matt clinch, carlos barria
Keywords: news, cnbc, companies, claims, firms, views, rightwing, let, discriminating, social, twitter, trump, wont, administration, voices, media, conservative


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China backs Turkey to overcome its economic crisis

China is the latest country to offer some comforting words to President Recep Erdogan, as Turkey experiences a currency meltdown and a tariff spat with the U.S.Foreign Ministry spokesperson Lu Yi said China believes that Turkey has the “ability to overcome temporary economic difficulties,” according to a translated statement placed on the ministry’s website Friday. He hoped that all parties concerned would resolve their differences through dialogue. His comments follow a reported phone call this


China is the latest country to offer some comforting words to President Recep Erdogan, as Turkey experiences a currency meltdown and a tariff spat with the U.S.Foreign Ministry spokesperson Lu Yi said China believes that Turkey has the “ability to overcome temporary economic difficulties,” according to a translated statement placed on the ministry’s website Friday. He hoped that all parties concerned would resolve their differences through dialogue. His comments follow a reported phone call this
China backs Turkey to overcome its economic crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: matt clinch, mehmet ali ozcan, anadolu agency, getty images
Keywords: news, cnbc, companies, worth, currency, yi, china, nation, turkey, overcome, economic, words, backs, day, president, erdogan, crisis


China backs Turkey to overcome its economic crisis

China is the latest country to offer some comforting words to President Recep Erdogan, as Turkey experiences a currency meltdown and a tariff spat with the U.S.

Foreign Ministry spokesperson Lu Yi said China believes that Turkey has the “ability to overcome temporary economic difficulties,” according to a translated statement placed on the ministry’s website Friday. He hoped that all parties concerned would resolve their differences through dialogue.

His comments follow a reported phone call this week between Erdogan and Angela Merkel, with the German chancellor offering to strengthen ties between the two nations.

Turkey’s currency plummeted 20 percent against the greenback in a single trading day last Friday after President Donald Trump announced a doubling of steel and aluminum tariffs on Ankara, in return for the country’s continued detention of American pastor Andrew Brunson.

Russian President Vladimir Putin was one of the first people Erdogan called on that day, increasing speculation that the Turkish leader is moving closer to Moscow as relationships with the U.S crumble. The embattled nation has also seen generosity from Qatar with the Gulf nation pledging $15 billion worth of investment on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: matt clinch, mehmet ali ozcan, anadolu agency, getty images
Keywords: news, cnbc, companies, worth, currency, yi, china, nation, turkey, overcome, economic, words, backs, day, president, erdogan, crisis


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China could soon be called out as a currency manipulator. Here’s why

The next logical step in the U.S.’ escalating trade war with China could be President Donald Trump’s administration ramping up the rhetoric on the falling yuan currency. The U.S. dollar has appreciated 5 percent this year versus the yuan, with those gains occurring mainly in the last month or two. Accusations from Trump of currency manipulation were sizeable on his campaign trail, but have been more muted during his presidency. Michala Marcussen, the global head of economics at Societe Generale,


The next logical step in the U.S.’ escalating trade war with China could be President Donald Trump’s administration ramping up the rhetoric on the falling yuan currency. The U.S. dollar has appreciated 5 percent this year versus the yuan, with those gains occurring mainly in the last month or two. Accusations from Trump of currency manipulation were sizeable on his campaign trail, but have been more muted during his presidency. Michala Marcussen, the global head of economics at Societe Generale,
China could soon be called out as a currency manipulator. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-14  Authors: matt clinch, thomas peter
Keywords: news, cnbc, companies, likely, soon, called, global, china, trump, head, yuan, war, weekmichala, manipulator, currency, falling, heres, trade


China could soon be called out as a currency manipulator. Here's why

The next logical step in the U.S.’ escalating trade war with China could be President Donald Trump’s administration ramping up the rhetoric on the falling yuan currency.

The U.S. dollar has appreciated 5 percent this year versus the yuan, with those gains occurring mainly in the last month or two. Accusations from Trump of currency manipulation were sizeable on his campaign trail, but have been more muted during his presidency.

That might be about to change.

“It could happen… This could be one more tool that the U.S. could bring to the table,” Thanos Vamvakidis, the head of G-10 foreign exchange strategy at Bank of America Merrill Lynch, told CNBC’s “Squawk Box Europe” last week.

Michala Marcussen, the global head of economics at Societe Generale, added that a falling yuan is likely to give Trump that little bit more ammunition when criticizing China and implementing his recent policies of trade tariffs. The bottom line being that the global economic picture is likely to deteriorate further.


Company: cnbc, Activity: cnbc, Date: 2018-08-14  Authors: matt clinch, thomas peter
Keywords: news, cnbc, companies, likely, soon, called, global, china, trump, head, yuan, war, weekmichala, manipulator, currency, falling, heres, trade


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Biotech firm Novozymes sinks 3% after earnings miss

Shares of global biotechnology company Novozymes slumped Friday morning after reporting second-quarter earnings that missed analysts’ expectations. Earnings before interest and tax (EBIT) for the quarter came in at 957 million Danish krone ($147 million) with its household care sector showing particular weakness. The company still beat estimates with its second-quarter net profit and revenue, but that wasn’t enough to stop shares falling in early deals. “We’ve had a satisfactory first half of th


Shares of global biotechnology company Novozymes slumped Friday morning after reporting second-quarter earnings that missed analysts’ expectations. Earnings before interest and tax (EBIT) for the quarter came in at 957 million Danish krone ($147 million) with its household care sector showing particular weakness. The company still beat estimates with its second-quarter net profit and revenue, but that wasn’t enough to stop shares falling in early deals. “We’ve had a satisfactory first half of th
Biotech firm Novozymes sinks 3% after earnings miss Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-10  Authors: matt clinch, francis dean, corbis, getty images
Keywords: news, cnbc, companies, told, sinks, miss, novozymes, secondquarter, company, weakness, million, shares, wise, biotech, wasnt, firm, earnings


Biotech firm Novozymes sinks 3% after earnings miss

Shares of global biotechnology company Novozymes slumped Friday morning after reporting second-quarter earnings that missed analysts’ expectations.

Earnings before interest and tax (EBIT) for the quarter came in at 957 million Danish krone ($147 million) with its household care sector showing particular weakness. The company still beat estimates with its second-quarter net profit and revenue, but that wasn’t enough to stop shares falling in early deals.

“We’ve had a satisfactory first half of the year both on revenues wise and earnings wise. The factors that are pulling in our business are slightly different from what we expected,” Peder Holk Nielsen, the CEO of Novozymes told “Squawk Box Europe” on Friday.


Company: cnbc, Activity: cnbc, Date: 2018-08-10  Authors: matt clinch, francis dean, corbis, getty images
Keywords: news, cnbc, companies, told, sinks, miss, novozymes, secondquarter, company, weakness, million, shares, wise, biotech, wasnt, firm, earnings


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Sterling is sinking on renewed Brexit concerns

Sterling slumped to fresh lows on Wednesday with traders citing increased concerns that the U.K. might leave the EU without a formal trade agreement. The U.K.’s currency fell to $1.286 during lunchtime trade in Europe, a level not seen since August of last year. Against the euro, sterling fell below 90 pence for the first time since November 15, 2017. “Sterling is selling off on the back of the impasse in on-going Brexit negotiations related the terms of future U.K.-EU trade in goods. Prime Mini


Sterling slumped to fresh lows on Wednesday with traders citing increased concerns that the U.K. might leave the EU without a formal trade agreement. The U.K.’s currency fell to $1.286 during lunchtime trade in Europe, a level not seen since August of last year. Against the euro, sterling fell below 90 pence for the first time since November 15, 2017. “Sterling is selling off on the back of the impasse in on-going Brexit negotiations related the terms of future U.K.-EU trade in goods. Prime Mini
Sterling is sinking on renewed Brexit concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: silvia amaro, matt clinch, matt cardy, getty images
Keywords: news, cnbc, companies, leave, eu, brexit, renewed, minister, told, plan, future, sinking, sterling, concerns, uk, trade


Sterling is sinking on renewed Brexit concerns

Sterling slumped to fresh lows on Wednesday with traders citing increased concerns that the U.K. might leave the EU without a formal trade agreement.

The U.K.’s currency fell to $1.286 during lunchtime trade in Europe, a level not seen since August of last year. Against the euro, sterling fell below 90 pence for the first time since November 15, 2017.

The currency has been particularly volatile on the back of the decision to leave the European Union. It is down about 13 percent since the referendum day on June 23, 2016. This volatility is unlikely to change in the near future. One strategist told CNBC Tuesday that sterling could sink or soar by as much as 10 percent at the start of next year depending on whether or not the U.K. reaches an agreement with the EU.

The U.K. is due to leave the EU on March 29, 2019; but negotiating teams are still hashing out the details of an accord that will allow them to keep frictionless trade. Doing so seems to be getting more technically and politically difficult by the day, with central bankers, politicians, and businesses claiming there is a growing chance a deal won’t be found in time for the deadline.

“Sterling is selling off on the back of the impasse in on-going Brexit negotiations related the terms of future U.K.-EU trade in goods. Recent comments by U.K. Trade Minister Liam Fox that the risk of a hard Brexit is 60 percent seems to be the catalyst for the move,” Kallum Pickering, U.K. economist at Berenberg told CNBC via email.

Prime Minister Theresa May was told Wednesday to come up with a “plan B” for Brexit during a meeting with the Scottish First Minister Nicola Sturgeon. The latter said that May’s current plan “seems to be dead.”

Bank of England Governor Mark Carney told the BBC last week that the there is an “uncomfortably high” chance that the U.K. and the EU will not reach an agreement.

Japanese bank Nomura announced Wednesday that it has begun telling clients that it will move some business from London to Germany to avoid any disruptions in the case of a no-deal.


Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: silvia amaro, matt clinch, matt cardy, getty images
Keywords: news, cnbc, companies, leave, eu, brexit, renewed, minister, told, plan, future, sinking, sterling, concerns, uk, trade


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Trump meeting Putin is yet another headache for Europe

Any world leaders meeting face-to-face should be seen as a good thing, but when it’s President Donald Trump and Vladimir Putin, then European officials are right to feel a little anxious. Trump, openly critical of the North Atlantic alliance, could strain relationships even further with smaller eastern European nations bordering Russia that are heavily reliant on NATO for protection and reassurance. Experts at political analysis firm Eurasia Group believe the EU would “squirm” over any Trump lan


Any world leaders meeting face-to-face should be seen as a good thing, but when it’s President Donald Trump and Vladimir Putin, then European officials are right to feel a little anxious. Trump, openly critical of the North Atlantic alliance, could strain relationships even further with smaller eastern European nations bordering Russia that are heavily reliant on NATO for protection and reassurance. Experts at political analysis firm Eurasia Group believe the EU would “squirm” over any Trump lan
Trump meeting Putin is yet another headache for Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: matt clinch, mikhail klimentyev, afp, getty images
Keywords: news, cnbc, companies, atlantic, meeting, ash, wwii, alliance, headache, putin, nato, european, north, president, europe, trump


Trump meeting Putin is yet another headache for Europe

Any world leaders meeting face-to-face should be seen as a good thing, but when it’s President Donald Trump and Vladimir Putin, then European officials are right to feel a little anxious.

Political commentators expect a purely symbolic spectacle when the two meet in Finland on July 16. But the backdrop to the event — just days after a NATO summit in Brussels — is leaving some wary on what the U.S. president could concede to his Russian counterpart.

Trump, openly critical of the North Atlantic alliance, could strain relationships even further with smaller eastern European nations bordering Russia that are heavily reliant on NATO for protection and reassurance.

Experts at political analysis firm Eurasia Group believe the EU would “squirm” over any Trump language that undermines the transatlantic comity on Ukraine or European security.

Timothy Ash, a senior emerging markets sovereign strategist at BlueBay Asset Management, even claims that Trump offers the prospect of being Putin’s “Trojan horse within NATO.”

“Remarkably, Trump seems to be happy to work to an agenda which Putin could only have fantasized about — the end of NATO and the North Atlantic alliance,” Ash said in a research note last week. “For Putin, this is his equivalent of Soviet Union’s 1991 moment — his total victory over NATO. Unbelievable stuff, for any observer of geopolitics and post WWII European history.”


Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: matt clinch, mikhail klimentyev, afp, getty images
Keywords: news, cnbc, companies, atlantic, meeting, ash, wwii, alliance, headache, putin, nato, european, north, president, europe, trump


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