Italy PM Conte extends nationwide lockdown to May 3

Dhwani Mehta FXStreet

Late Friday, Italian Prime Minister (PM) Giuseppe Conte spoke to media and put rest to the recent chatter about the lockdown extension, as the coronavirus risks show no signs of abating.

PM Conte announced that the nationwide lockdown will be extended to May 3.

Additional comments

Containment measures working.

Opening up to early is risky.

Extension also valid for businesses.

A few sectors will be allowed to reopen earlier.

Italy to set up expert task force on restarting economy can risk allowing contagion curve to reverse.

Europe needs EU1.5 trillion for recovery.

Eurogroup results not enough, Europe needs euro bonds

EU recovery fund needs to start immediately

EUR/USD: Financial rescue keeps rising, crisis remains the same

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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