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

S&P Lobs Bombshell into European Debt Talks

December 6, 2011

Standard and Poor’s placed Germany, France, Italy, Luxembourg, Belgium, Ireland, Portugal, Spain, Slovakia, Slovenia, Malta, Finland, The Netherlands, Austria, and Estonia on negative watch for a possible credit rating downgrade within 90 days.  Among participating EMU members, only Greece and Cyprus, the former already sitting at rock bottom and the other reviewed recently, were exempt […] More