Market Extra: Why investors are cheering Italy, Brexit headlines for a change — though it might not last

An earlier version of this article used an incorrect first name for Deputy Prime Minister Luigi Di Maio.

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Deputy Prime Minister Matteo Salvini, head of Italy’s far-right League party.

In a rare treat for beaten-down stock-market bulls, headlines out of Rome and London were credited with helping to lift global equities and other assets perceived as risky on Monday, though analysts questioned how lasting the relief would prove to be.

The upbeat tone was inspired, in party, after Italy’s coalition government signaled its willingness to give some ground on the size of its budget gap, with Reuters reporting that officials were willing to trim the 2019 deficit target to around 2% to 2.1% of gross domestic product from the 2.4% figure previously submitted.

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