Archives for December 2016

December 2016 - Page 25 of 25 - Money Morning - Only the News You Can Profit From

World Markets Now Focusing On Sunday's Italian Referendum, ECB Meeting Next Week

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Global stock markets were mixed overnight, on this first trading day of the month. Asian shares benefitted from Wednesday's OPEC agreement to cut production levels, while stock markets in Europe were pressured on worries about the December 4 Italian referendum on constitutional reforms.

A "no" vote on the reforms could eventually put Italy in violation of European Union rules. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

World bond markets remain in focus as yields continue on the rise. U.S. 10-year yields have risen to 2.4% late this week.

How to Profit from This Sunday's "Quitaly" Vote

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Last June I wrote to you with an urgent message ahead of the Brexit "tantrum" that wiped $3 trillion from the world's balance sheets in the worst two-day sell-off of all time.

Now it's time to talk "Quitaly" – an event that could be three times worse.

That's what I'm calling Italy's upcoming referendum on Dec. 4, when millions of Italians are going to vote on what looks to be one of the most significant constitutional reforms since World War II ended.

What it means for your money may surprise you - especially when it comes to the profit potential I see being created when it happens...