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German bonds fall as UK political clarity reduces haven demand

  Bloomberg German government bonds fell for a second day as greater political clarity in the U.K. and the prospect of a boost to monetary stimulus globally supported stocks and reduced demand for the safest assets. Yields on the nation’s 10-year bunds, the euro zone’s benchmark government securities, climbed to the highest in a more than a week — days ...

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Italy beats Brexit as private equity strategy, says Patron

  Bloomberg A flood of soured assets will come on the market in Italy if a referendum to overhaul the political system is approved in the autumn, said Keith Breslauer, founder and managing director of Patron Capital Partners. “The opportunity in Italy is far greater” than in the U.K. after it voted to leave the European Union, Breslauer said in ...

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Daimler rises as profit surprises & Mercedes sales lead

  Bloomberg Daimler AG rose the most in three weeks after the company solidified its lead in the luxury-car market and said it’s confident of reaching this year’s underlying profit goals, despite more than 1 billion euros ($1.1 billion) in one-time costs in the second quarter. Adjusted earnings before interest and taxes rose 5.6 percent to 3.97 billion euros in ...

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