"What the ECB is trying to say is hey, "this is our party, and you're welcome to it, but if you're going to leave it's not going to be easy for you." The ECB is trying to show Italy a future without the ECB as backstop."
S&P futures are higher, maintaining overnight gains as most Asian markets advance with the MSCI Asia Pacific index 0.5% higher, as sentiment was boosted by President Trump unexpected reversal on China telecom giant ZTE.
The post-FOMC confusion spilled over into international markets, with both Asian and European shares retreating, alongside US equity futures, as traders are on edge ahead of the US-China trade talks taking place today and tomorrow.
Global stocks stumbled on Monday ahead of an avalanche of earnings in this season's busiest reporting week but the big story overnight was the spike in 10Y Yield which climbed as high as 2.9957%, the highest level since January 2014.
Following a meeting of the African Union in Rwanda where 44 countries gathered to sign the African Continental Free Trade Area treaty, South African President Cyril Ramaphosa made a bold suggestion: a single currency for Africa.