The E C B Is Also Really Concerned About Italy

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The e c b announced a new bond buying programme yesterday, to try and contain rising bond yields like italy's. But analysts are still not completely convinced that the e c b can do that much for italy. Millions of tons of grain could soon hit global kets thanks to a deal between ukraine and russia. The two sides came to an agreement late last night in istembal in negotiations backed by turkey and the u N.

Italian Prime Minister Mario Draghi resigns, the European Central Bank raises interest rates for the first time in more than a decade, Russia and Ukraine reach a deal to end a month-long grain blockade, and the FT’s Katie Martin explains why markets might rally when they see signs of a recession in corporate earnings reports.

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Mentioned in this podcast:

Italy president calls snap elections after Draghi quits as PM

Deal on table for release of millions of tonnes of grain from Ukraine ports

ECB raises rates for first time in more than a decade

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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