Industrial output in Italy rebounded much more strongly than expected in May after collapsing in the previous two months due to a coronavirus lockdown, data showed on Friday, and the economy minister forecast further gains in June and July.
Italy approved on Friday a new stimulus package aimed at helping businesses and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union’s (EU) Recovery Fund.
The pan-European STOXX 600 index rose 2.7% at 0716 GMT - hitting its highest in almost a month, with governors of several hard-hit U.S. states pointing to tentative signs the outbreak might be starting to plateau.
Italy is targeting its budget deficit at 10.4% of gross domestic product (GDP) this year and sees the public debt rising to 155.7% of GDP, according to a draft forecasting document obtained by Reuters.
The British aero-engine maker jumped 15.4% after losing more than half its value this year, as it secured an extra 1.5 billion pounds ($1.8 billion) in reserves, even though it suspended its dividend for the first time since 1987.
‘It will be a joy to witness it, in the Duomo, during the Easter celebration which evokes the mystery of birth and rebirth,’ the Italian tenor says.
Make it an Italian dinner night to remember by rustling up appetising canapés and silky spaghetti, all studded with the flavour bomb of a cheese, Parmigiano-Reggiano.
Rome's famed Colosseum reopened on Monday after a three-month coronavirus lockdown but only a few hundred people were expected at Italy's top tourism site.
Italy's Prime Minister Giuseppe Conte tightened nationwide coronavirus restrictions Sunday after the country recorded a record number of new cases, despite opposition from regional heads and street protests.