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Italian Borrowing Costs on the Rise

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  • Description

    Alpari’s Craig Erlam on the stories moving the markets overseas.

  • Duration 1:37
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Closer look -- at what's moving the market this morning with -- on the market analyst at Al Arian lending credit time borrowing costs.

Are on the rise again how does this complicate things.

I don't think I mean is almost how much it complicates things and only thing is too much of a surprise given fog that we should not political -- in Italy.

Since the election loss -- also Fitch's downgrade earlier this week we saw.

A similar reaction and need one yeah bond auction earlier in the week when we -- At borrowing costs rise by around twenty basis points -- in something similar this morning at things eighteen basis points.

Mention on the three at that says don't -- too much of his -- on the show how much it really complicates things -- -- this auction it just highlights a problem is that little bit of actual sentencing now.

In the markets following likes I don't Fitch downgrades and also Italian election which is still results.

And what about in the UK one of the country's leading forecasters.

It's signaling that -- on track for a triple dip recession -- you worry about that.

Of course we -- mean.

-- there was this some people who claim we wouldn't -- -- -- -- recession -- not been for the Olympic effect in the middle allow kids in which would suggest that we actually been recession offer.

Closing on two years now so there it is awfully concerning -- -- I think.

While Bob GDP figure -- so yes -- Was it to highlight a political C a triple dip recession in the first quarter this year we have known -- -- not not massively must your reading in the past.

And I think when you take a look like for success dissect which makes such a large portion of UK GDP we've actually seen the -- -- -- -- actually been to you -- have we -- novagold.

-- -- -- launch we may just escape a triple dip recession with a small amount growth in the first quarter.

America -- try to keep a positive we appreciate it thank -- --

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