* UK public finances better than expected.... * ....but factory order growth disappoints * Dollar slips after Trump lashes Federal Reserve * Greece at the beginning of a new era - Tsipras 1.12pm BST A decision by Moody’s rating agency to postpone a review of Italy’s credit status seems to have given the country a lift. Reuters reports: Italian government bonds rallied on Tuesday after Moody’s extended the deadline for its review of the country’s rating, providing some relief for investors who expected a downgrade imminently. Moody’s, which last month placed Italy’s “Baa2” rating on a review for a downgrade, said it was pushing back its decision to gain “greater clarity on (Italy’s) fiscal path and reform agenda”. 12.17pm BST The dollar is still in the doldrums after President Trump hit out at the Federal Reserve for raising interest rates. The dollar index against a basket of six other currencies is down 0.37% at 95.54, having earlier touched a near two week low of 95.4. Continue reading...
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