Here's What to Watch in European Stocks This Morning
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Good morning. Here’s what we are watching ahead of the market open in Europe:
Italy continues to hog attention in European markets, and there’s no reason Tuesday should be any different. After the government continued a staunch defense of its budget, the European Commission is likely to make a decision on Tuesday on whether to formally demand that officials take back, revise and resubmit the figures, something it has never done before. Commissioners have said the budget breaks European Union rules and asked Italy to change tack, but there’s little sign of that happening. So, once more, keep a close eye on Italian stocks, government bonds and corporate credit markets for turmoil anew.