Fitch
First Market Reaction to S&P Downgrades of Europe
January 16, 2012
Trading has been calmer than feared. For one thing, U.S. markets will be closed today for the Martin Luther King holiday, and for another, S&P did not downgrade European country risk ratings as much as some feared. The hope is that European leaders will place even greater urgency now on nailing down the details of […] More
Risk Appetite Attempting to Stage a Recovery
January 10, 2012
Stocks, commodity prices and commodity-sensitive currencies are higher. Share prices rose 3.3% in China, 2.2% in India, 1.3% in Indonesia, and 1.1% in Singapore and Australia. In Europe, the German Dax, Paris Cac and British Ftse have so far risen 2.5%, 2.3%, and 1.2% on the day. Oil and gold prices have climbed 1.6% each […] More
