Euro bounces off 10-month lows as Italy tries to end turmoil (news: 30/05/18)

Today's press

• Euro bounces off 10-month lows as Italy tries to end turmoil

  LONDON (Reuters) - The euro recovered on Wednesday from 10-month lows after reports that Italy’s biggest party would make a renewed attempt to form a coalition government and end months of political turmoil.

• U.S. first-quarter growth revised a touch lower

  WASHINGTON (Reuters) - U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but a robust labor market and income tax cuts are likely to boost activity this year.

• Stocks- Wall Street Rallies as Geopolitical Worries Dissipate

  Investing.com – Wall Street rallied on Wednesday as investors brushed aside geopolitical worries.

• Naira comes under pressure, reserves drop to $47.75bn

  The naira has come under pressure against the United States’ dollar in recent days, falling to 366 to the greenback on the parallel market.

• China’s President Xi Says Blockchain Part of New ‘Technological Revolution’

  President of China Xi Jinping openly praised blockchain technology during a speech May 28, as the technology continues to cement itself in the country’s future plans.