Markets around the world are slipping
US futures are down about 0.2%. Japan fell 0.6%.
But the real story is in Italy, where the FTSE MIB stock index is down over 3%.
This comes amid a general bout of weakness in peripheral stocks and bond markets in recent days. There’s been a huge rally over the last several months in peripheral government debt, and lately that has been reversing a bit with yields popping higher.
Meanwhile, over the weekend there was a lot of deal news. AT&T confirmed its attempted acquisition of DirecTV and Pfizer cranked up its offer, once again, of AstraZeneca.
Other than that, there’s not a ton going on. This is scheduled to be both a quiet week on both the economic data front and the corporate front.
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