Italy has had difficulties in organizing the government since the election in March. Last Sunday, President Matarella refused to nominate the candidate for the economic suspicion of the euro. The "anti-establishment" populist party coalition failed, making it the first re-election at the end of July this year. The possibility is increasing. Starting on Monday, Italian stocks and bonds doubled, driving the euro against the dollar to further fall to an 11-month low on Tuesday. Investors are worried that Italy's political uncertainty will not only affect the European economy, but will also spill over to the world, enough to slow the Fed's rate hike this year. According to Reuters, the Chicago Mercantile Exchange (CME) calculated according to the federal funds rate futures trading, the probability of the Fed’s rate hike announced after the June 13 meeting was 76.3%, which represents a basic rate hike in June, but less than last Friday. 90% and 100% a week ago. Traders' expectations for the third rate hike in September were significantly reduced. US stocks fell to 27.2% after the close on Tuesday, 57% last Friday and over 80% a week ago. The probability of a fourth rate hike in the December experience fell to 10%, compared with 33% last Friday and 51% a week ago. 
Bloomberg also found that European dollar futures and options trading activity showed that bond market investors lost confidence in the Fed raising interest rates four times this year. Investment bank Jefferies money market economist Thomas Simons said that many people began to doubt the rate hike path after June. The European dollar option, which was bullish in December 2018, closed nearly 50,000 contracts in the morning session of US stocks on Tuesday. Marc Chandler, head of foreign exchange trading strategy at Brown Brothers Harriman, an investment bank, said that European market turmoil has caused US interest rates, including short-term, to fall, superimposing on the dollar, and the Fed may have to reconsider the interest rate hike. Chris Rupkey, chief financial economist at MUFG Union Bank, said that Italy is the last straw to overwhelm the European "camel". As an important trading partner of the United States, the loss of growth momentum in Europe is also not conducive to the economic prospects of the United States. Both analysts believe that the market basically fully accounts for the possibility of the Fed raising interest rates by 25 basis points in June, thanks to the strong US job market and the inflation rate steadily moving towards the 2% Fed target, but starting in September. The interest rate hike is no longer clear. If Italy re-elects in the summer, it will increase market turmoil and even pose risks to the US real economy. The UK's Financial Times data showed that the market's safe-haven demand for US debt surged, and the two-year and 10-year US Treasury yield spreads fell to 42 basis points on Tuesday, the flattest since the end of 2007. The 10-year US Treasury yield fell 15.04 basis points in late New York, the largest one-day drop since the UK's Brexit referendum in June 2016. The upside down of the yield curve usually implies a recession. Reuters also quoted analysts as saying that the European Central Bank is likely to suspend its plan to close the 2.55 trillion euros of debt purchases in September. If the ECB extends monetary stimulus, it will also reduce the possibility that the Fed will raise interest rates four times this year. Market turmoil has led investors to lower their expectations of other central banks tightening policies. The European Central Bank began to raise interest rates in the middle of next year, and the probability of the Bank of England raising interest rates in November has fallen. JJ Kinahan, chief market strategist at TD Ameritrade, said that the uncertainty of the Fed’s actions after the FOMC meeting in June rose, and the Fed was at a crossroads, swaying between keeping hawks or turning into doves. The 10-year US bond yield rose by more than 3% in early May, while the German bond yield was 0.5%. When the yield of US bond yields far exceeds the non-US bond yield, it will have a negative impact on US exports. But if the Fed’s rate hike slows, the rise in US bond prices and lower yields will reduce the attractiveness of overseas buyers. Gregory Daco, head of US macroeconomic research at Oxford Economics, said that US economic data has no suspense in raising interest rates in June, and the Fed can wait for the summer to make judgments because there is enough time to wait for external noise to dissipate. At least three Fed officials worry that the US bond yield curve is upside down, and perhaps the reason for the Fed to wait and see.
Bloomberg also found that European dollar futures and options trading activity showed that bond market investors lost confidence in the Fed raising interest rates four times this year. Investment bank Jefferies money market economist Thomas Simons said that many people began to doubt the rate hike path after June. The European dollar option, which was bullish in December 2018, closed nearly 50,000 contracts in the morning session of US stocks on Tuesday. Marc Chandler, head of foreign exchange trading strategy at Brown Brothers Harriman, an investment bank, said that European market turmoil has caused US interest rates, including short-term, to fall, superimposing on the dollar, and the Fed may have to reconsider the interest rate hike. Chris Rupkey, chief financial economist at MUFG Union Bank, said that Italy is the last straw to overwhelm the European "camel". As an important trading partner of the United States, the loss of growth momentum in Europe is also not conducive to the economic prospects of the United States. Both analysts believe that the market basically fully accounts for the possibility of the Fed raising interest rates by 25 basis points in June, thanks to the strong US job market and the inflation rate steadily moving towards the 2% Fed target, but starting in September. The interest rate hike is no longer clear. If Italy re-elects in the summer, it will increase market turmoil and even pose risks to the US real economy. The UK's Financial Times data showed that the market's safe-haven demand for US debt surged, and the two-year and 10-year US Treasury yield spreads fell to 42 basis points on Tuesday, the flattest since the end of 2007. The 10-year US Treasury yield fell 15.04 basis points in late New York, the largest one-day drop since the UK's Brexit referendum in June 2016. The upside down of the yield curve usually implies a recession. Reuters also quoted analysts as saying that the European Central Bank is likely to suspend its plan to close the 2.55 trillion euros of debt purchases in September. If the ECB extends monetary stimulus, it will also reduce the possibility that the Fed will raise interest rates four times this year. Market turmoil has led investors to lower their expectations of other central banks tightening policies. The European Central Bank began to raise interest rates in the middle of next year, and the probability of the Bank of England raising interest rates in November has fallen. JJ Kinahan, chief market strategist at TD Ameritrade, said that the uncertainty of the Fed’s actions after the FOMC meeting in June rose, and the Fed was at a crossroads, swaying between keeping hawks or turning into doves. The 10-year US bond yield rose by more than 3% in early May, while the German bond yield was 0.5%. When the yield of US bond yields far exceeds the non-US bond yield, it will have a negative impact on US exports. But if the Fed’s rate hike slows, the rise in US bond prices and lower yields will reduce the attractiveness of overseas buyers. Gregory Daco, head of US macroeconomic research at Oxford Economics, said that US economic data has no suspense in raising interest rates in June, and the Fed can wait for the summer to make judgments because there is enough time to wait for external noise to dissipate. At least three Fed officials worry that the US bond yield curve is upside down, and perhaps the reason for the Fed to wait and see.Our PVC Foam Board Used For Pop, Signage, And Non-load-bearing Wood Replacement For Interior And Exterior Applications.
Features
Unlike Some Other Leading Brands - Lead And Heavy Metal Free.
Superior Uv Package For Extended Outdoor Life (white)
Good Screw And Staple Retention
Optimal Density For Stiffness And Durability.
Satin Finish With The Smallest And Most Consistent Cell Structure Makes It Ideal To Paint Or Laminate To Secondary Substrates.
Very Fine Microcellular Structure - Makes Edge Finishing Easier
No Voids In Thickness - Ideal For Situations Requiring Routing
Great Insulating Characteristics.
Install it anywhere from the roof to the foundation.,You can even place it under the foundation slab, Rigid foam insulation, also known as insulating boards, provide high R-values. They keep your home at a comfortable temperature without the need to crank your heat.
PVC Advertisement Board,PVC Forex Sheet, PVC Foam Board,PVC Marble Board
CMD Aluminium Sheets,Acrylic Sheets,PVC Foam Board,Aluminium Composite Panel,Fluted Polypropylene Sheets , https://www.decoratepanel.com