While all eyes are on Italy, the world’s second-largest economy is showing signs of trouble. China, this curious mix of communism and capitalism, is running out of steam – and ideas. Unless the Chinese government finds new ways to stimulate its economy, it might find itself facing the world’s biggest revolution.
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Sell European Utility Stocks, Buy UK Ones: Strategists
Italian utility Enel has a 20 percent premium to intrinsic value and analysts at Libra Investment Services reiterated their call to take profits.
But this time they were optimistic on UK utility stocks, battered after Labour party politicians’ calls for more regulation and caps on price rises.