Bloomberg An increase in Italy’s bond yield spread is a risk for domestic banks and is adding to tensions in the financial system, according to Cabinet Undersecretary Giancarlo Giorgetti. “The spread is a risk for banks, which we can’t ignore,” the top official of coalition partner the League said in an interview with daily Il Messaggero published on Sunday. The …

Bloomberg The euro could revisit its year-to-date low as persistent political risks may lead Mario Draghi to refrain this week from painting a rosier picture for the bloc’s economy. Market dynamics have shifted only slightly since the European Central Bank’s last meeting, yet not in a supportive way for the common currency. Data may be suggesting the forecasts for growth …

Bloomberg This year’s selloff in emerging-market assets has created a whole lot of value, according to Goldman Sachs Group Inc. The firm’s asset-management arm says it’s time to buy as months of underperformance for developing-nation securities relative to their US peers won’t last much longer. The divergence was an anomaly, spurred in part by sanctions on Turkey and Russia as …