Renzi Up For the Fight

Former Italian prime minister Matteo Renzi resigned as head of the ruling Democratic Party (PD) on Sunday, opening the way for a leadership fight in which he will take on rivals threatening to split the center-left.

Battling for his political life, Renzi made clear he would seek re-election and warned that the PD’s internal feuding was proving a gift to its main opponent in parliament, the anti-establishment 5-Star Movement.

A decade after its foundation, the PD is on the cusp of a schism that risks bringing yet more political instability to the euro zone’s third-largest economy, which has been mauled by years of recession, high unemployment and towering debt.

CNBC

Week Ahead Dollar Higher Ahead of Fed Minutes

UK House Prices See Slowest Growth Since 2009

MS

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.