HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: German government bonds were firmer in early European trade on Friday and the EUR/USD came under renewed pressure amid mounting worries over a possible rise in tensions between the Italian government and the EU Commission. In the first formal step of a procedure that could lead to the EU Commission rejecting Italy’s 2019 draft budget and strengthening sanctions in the form of a 0.2% of GDP fine, the EU Commission sent a letter to...