MILAN, Aug 11 (Reuters Breakingviews) - Italy’s likely next government has some big spending plans. A coalition of rightist parties looks poised to win general elections in September, making Giorgia Meloni of the nationalist Brothers of Italy party prime minister. High public debt and European Union vigilance will puncture the group’s wildest trial balloons.

The abrupt fall of Mario Draghi’s executive last month paves the way for yet another Italian government. An alliance including Brothers of Italy, the anti-immigration League and ex-premier Silvio Berlusconi’s Forza Italia would command 49% of votes, opinion polls show, well ahead of its divided political rivals. Meloni’s party, which has roots in post-war neo-fascism, opposed Draghi’s agenda and has a eurosceptic past, may capture 24% of the vote.

High on the alliance’s agenda is slashing taxes to boost consumer demand. While the group has yet to publish an official manifesto, its plans include extending a flat...

Analysts seemed split on whether the price hikes and other changes would have the desired effect. Wells Fargo analyst Steven Cahall was optimistic, arguing that Disney’s latest report “will assuage a lot of fears.”

“It now looks like Disney+ is tracking towards tightened and trimmed sub guidance, while the ad-supported tier + price increases + content rationalization = a much improved long-term profit outlook,” Cahall wrote, while reiterating an outperform rating and increasing his price target to $145 from $130. “Along with NFLX and WBD making similar rational moves, we think investors will pay more for at-scale streaming businesses.”

Also in the upbeat camp was Guggenheim’s Michael Morris, who upgraded Disney’s stock to buy from neutral after the report, while lifting his target price to $145 from $110.

“Significant price increases across the domestic streaming portfolio effective 12/8…were ahead of our expectations and lean into a strong...

GRAN CANARIA, Aug 11 (Reuters) - Standing in a cemetery of abandoned boats, Mohamed Fane picks a West African franc off the floor and shudders at the traumatic memory of his voyage from Senegal to the Canary Islands.

After an arduous overland trip and months waiting, smugglers shepherded the 33-year-old carpenter into a flimsy wooden vessel with two dozen others to sail from the Moroccan town of Dakhla - but it ran out of fuel far from the Spanish archipelago.

One famished and thirsty man died on board, while a Spanish rescue boat saved the rest. Fane, who barely ate in three days at sea and used his water bottle to bail out the leaking boat, wept like never before when he reached Gran Canaria.

Ukraine has won some breathing space for its battered fiscal accounts after creditors approved its request to suspend its debt payments for two years on Wednesday.

But with state-owned Naftogaz's debt standstill request still outstanding, and big doubts that it will pass, Ukraine still faces the prospect of a messy situation in the coming days if the gas company's bondholders seek better terms. Naftogaz's bonds are not government guaranteed and Naftogaz is an independent issuer. But as a vital cog in Ukraine's economy, especially given current circumstances, a second failed attempt by Naftogaz to get an offer over the line would be far from ideal for both itself and the government. Voting on its offer closes on Friday, with the outcome to be made public next Wednesday.

In the meantime, the sovereign and two other state-owned companies, Ukravtodor and Ukrenergo, that do have government-guaranteed bonds and also got backing from investors for their debt standstill...

Shares in Sanofi, GSK, and Haleon have lost a combined $40 billion in market cap since Tuesday's close, amid a flurry of US personal-injury lawsuits claiming that Zantac - a once-popular antacid - causes cancer.

EUR/USD adds to the weekly rebound and revisits the 1.0350 region on Thursday.

The continuation of the ongoing upside looks favoured in the short term. Immediately to the upside emerges the August high at 1.0368 (August 10), an area coincident with the 55-day SMA.

The breakout of the latter should pave the way for a challenge of the 6-month resistance line around 1.0390. If the pair clears the latter, it could then accelerate the upside to, initially, the 100-day SMA at 1.0530.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0901.

LONDON, Aug 11 (Reuters) - Britain said it is considering ways to support combining electricity generated using biomass, such as wood pellets, with technology to capture and store the resulting carbon emissions.

A government consultation is looking at offering developers a guaranteed price for the electricity produced by the power plant and a price for each tonne of carbon dioxide captured.

Britain hopes technology to capture emissions at power stations and industrial factories will help it achieve its target of net zero emissions by 2050 to tackle climate change.

But should investors really count on prices continuing to fall from here? For one thing, war continues to rage in Ukraine, fueling Europe’s energy crisis and winter is coming. The Fed is probably also “far from declaring victory over inflation,” say Jefferies strategists.

“Jefferies economic team still believes that there is a persistent component to inflation, stemming from housing and labor shortages, which will not be resolved any time soon and these two forces outght to put a floor under core CPI at around 4%,” notes a team led by Sean Darby, global equity strategist, in a fresh note to clients.

One takeaway from that 8.5% July CPI reading is that “the risk of an overtightening in U.S. financial conditions has been removed. A deep U.S. curve inversion is unlikely now,” said Darby.

In our call of the day, we look at some switching up of stock strategies post data from Darby and the team.

Jefferies’ U.S. financial conditions index has “turned...