Italy's Tria: will remain as finance minister to avoid "chaos"

Italy's finance minister Giovanni Tria has said that he will continue to hold his post to avoid "chaos", according to a report by Republicca. 

The world's third-most indebted nation set a budget deficit target of 2.4 percent of gross domestic product (GDP) for the next three years, defying the EU's demand that it progressive cut the fiscal gap to control the rising debt-to-GDP ratio. 

 

Euro area inflation to gain to 2.1% y/y for headline - TDS

Analysts at TD Securities and the market consensus look for a gain in euro area inflation to 2.1% y/y for headline and 1.1% y/y for core. Key Quotes
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Forex Today: Quiet Asian session gives way to data-packed EU, US sessions

In forex today, thin data came across for the Asian session as traders continue to digest the week's heavy Dollar action, with a rate hike from the US
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