Italy's economic minister Giovanni Tria on the wires

  • Citizens' income, tax cuts can be both gradually done
  • Government will start reforms while cutting debt ratio

Tria continues to feed investors with further calm on the month. Italian bonds may be cheering but the FTSE MIB has taken a turn for the worse trading to session lows now down 0.6%. It's a similar case for European equities after S&P 500 futures were dragged lower as well following the trade headline that China is seeking trade sanctions against the US.