lower German business confidence

Stocks Down but Currencies Steady

June 22, 2012

At the end of a Thursday that saw global equities decline sharply, Moody’s announced that it was downgrading the credit rating of 15 money center U.S. and European banks.  Then today came news of a 1.6-point additional drop in the IFO index of German business confidence. Stocks in Asia and Europe have lost more ground […] More