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It was 2016th "big short": Especially US-Invstors betting billions of US-Dollar against Italy. They thought it might be simple: Matteo Renzi would be forced to resign on Dezember 5th 2016 (what happened). Than Italian Banks are going to fail (what not happend) and finaly Italy will leave the Euro and the European Union (Ixit after Brexit).

And now guess what...

... Italy´s Five Star Movement founder Beppo Grillo today annouced nothing else than a U-Turn:


Quote:

Italy's maverick 5-Star Movement should cut ties with the anti-European Union U.K. Independence Party (UKIP) and consider hooking up with the Liberals in the European Parliament, 5-Star founder Beppe Grillo said on Sunday.

If the switch in allegiance goes ahead, it would see 5-Star enter mainstream European politics and move away from the anti-system fringes, a shift that might reassure other EU capitals that have grown uneasy about its rising popularity.

Writing on his blog, Grillo said his party was in talks with the Alliance of Liberals and Democrats for Europe (ALDE) and asked 5-Star members to back the initiative in an online ballot.

ALDE is headed by former Belgian prime minister Guy Verhofstadt. He is a keen European federalist and his strong, pro-EU views would seem at odds with the euroskeptic 5-Star.

Source: www.cnbc.com/2017/01...n-eu-parliament.html

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"French private sector output rises at fastest rate in 5-1/2 years"
Economic Indicators7 minutes ago (Jan 24, 2017 03:03AM ET)

Investing.com - French private sector activity rose at the fastest rate in five-and-a-half years in January, adding to optimism over the economic outlook of the euro zone’s second largest economy, according to data released on Tuesday.
The preliminary reading of the Markit services purchasing managers’ index came in at a nineteen-month high of 53.9 this month from 52.9 in December.

Economists had forecast an uptick to 53.2.

The manufacturing PMI ticked down to 53.4 from 53.5 a month earlier, in line with forecasts.
The composite output index, which measures the combined output of both the manufacturing and service sectors rose to 53.8 from 53.4, beating expectations for 53.3. Source: www.investing.com/ne...n-5-1-2-years-455205

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Italy: Consolidation Pattern. The FTSE/mib will rise above 20k
invst.ly/34plc

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Comment: MAR 15 2017: German GDP growth likely accelerated in Q1 2017
www.morningstar.com/...nomics-ministry.html

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March 23 201, French Election: After first TV-Debate Macron is taking the lead for the first round of election

Macron: 26%
LePen: 25%
Source:https://en.m.wikipedia.org/wiki/French_presidential_election,_2017

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March 28 2017: Netherlands achieve 2.9 billion budget surplus; economic growth stronger expected
nltimes.nl/2017/03/2...th-stronger-expected

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APR 01 2017: For Stockmarket Traders the Brexit is linked with "the rise of Populist" in Europe. In most traders logic the Brexit should had caused a victory of Dutch far right party PVV (Gert Wilders) and should cause a victory of Marine LePen. The overall logic behind this story was to short European stockmarkets. This the rise of populism die not happened because voters in Europe turning away from populism, wich finally caused without any doubt the Brexit.

Two votes had been won by populists: The Brexit and the U.S. Election. Now lets have a look, how the latest approval rates are for Donald Trump:

MAR 30 2017: Majority of Americans think Trump's doing a poor job and the country is headed in the wrong direction: Poll
Source: www.cnbc.com/2017/03...ting-is-falling.html
Trump's approval rating slips to another new low, much lower than resent presidents at this point in their terms
Source: www.cnbc.com/2017/03...-in-their-terms.html

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APR 03 2017: Donald Trump says he is ‘totally in favour’ of ‘wonderful’ EU
US President performs apparent U-turn after criticising bloc in previous interviews
www.independent.co.u...-pence-a7596731.html

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APR 03 2017: German manufacturing growth reached an reached an almost six-year high in March, Markit's Purchasing Managers' Index (PMI) for manufacturing showed on Monday. Manufacturing activity in France and Italy also rose, adding to signs of a pickup in momentum in the global economy.
Source: www.investing.com/ne...xi-talks-loom-470565

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APR 05 2017 Euro zone businesses started 2017 on a six-year high: PMI
www.investing.com/ne...ear-high:-pmi-471528

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German manufacturing growth near six-year high in April: PMI m.investing.com/news...in-april:-pmi-479204