The dollar continues to surge as the euro plunges in response to the crisis in Italy, which has sent Italian bond yields skyrocketing. A flight to quality in US bonds as a risk off trade emerges. Here are these and other stories from some of the best asset managers, market commentators, financial analysts and CMT's of today:
Midweek Market Insight
Gucci Sales Drop 18% In Q1 Amid China’s Slowdown And Demand For ‘Quiet
Luxury’
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Luxury conglomerate Kering reported a 10% decline in first-quarter sales as
Gucci, its flagship brand, grapples with China woes and brand redirection.
9 minutes ago