Friday's News Links

[BloombergQ] Stocks Decline as Budget Fear Sparks Italian Rout: Markets Wrap

[Reuters] Italy budget worries hit European markets

[Reuters] Oil prices edge up amid uncertainty over fallout from Iran sanctions

[Reuters] U.S. consumer spending increases steadily in August

[Reuters] Italy raises deficit target, defies EU and rattles markets

[BloombergQ] Goldman Sees Italy Junk Risk Leading to ‘Sudden Stop’ of Capital

[BloombergQ] Euro-Area Inflation Rate Climbs Above 2 Percent on Energy

[Reuters] Global M&A volume flattens in third quarter as trade tensions loom

[BloombergQ] Emerging Asia Feels Pain as Fed Tightening Ripples Across Region

[BloombergQ] China’s Belt and Road Is Buckling

[WSJ] Emerging Markets’ Double Whammy: Expensive Oil, Weak Currencies

[WSJ] Inflation Rears Its Head in China

[WSJ, Feldstein] Another Recession Is Looming

[FT] Italian bank shares stung by surge in government bond yields

[FT] Global M&A activity hits record level

[FT] Prospect of rate rises precipitates bond fund outflows

[FT] India’s corporate debt traders suffer crisis of confidence