Italy Govt to EU: Confident of hitting growth targets - Bloomberg

Bloomberg highlights key points from a letter sent to the European Union (EU) by the Italian government

Privatization target 1% of GDP for 2019.

Targets debt to GDP ratio at 126% in 2019.

Asks for the EU flexibility due to extraordinary events, spending for these events 0.2% of GDP in 3 years (cites spending for floods, Genoa infrastructure).

Won’t surpass 2.4% budget deficit for 2019.

AUD/USD is on the defensive as China retail sales indicate softening domestic demand

The Aussie dollar, a proxy for China, is feeling the pull of gravity after China reported a sharp slowdown in the retail sales in October. The data c
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AUD/JPY Technical Analysis: bullish bias intact despite a below-forecast China retail sales reading

Hourly Chart Trend: Bullish AUD/JPY Overview:     Last Price: 82.33     Daily change: 17 pips     Daily change: 0.207%     Daily Open: 82.16
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