Archive for March 11th, 2013

New Overnight Developments Abroad - Daily Update

Disappointing Chinese Data and an Italian Debt Downgrade

March 11, 2013

On Friday, Fitch downgraded the rating on Italian sovereign Italian debt to BBB+ from A-. Over the weekend, China released a disappointing mix of economic figures. CPI inflation accelerated from 2.0% in January to 3.2% in February, most since April 2012. A 12.3% on-year rise of retail sales last month was the least in a […] More