Argentina downgraded - cut to Selective Default by S&P – Developing (looks like it’ll get worse by midnight US ET …) – More: S&P cuts Argentina’s credit rating to selective default Says on June 30, Argentina failed to make a … Continue reading
S&P +2pts to 1981 Dow +19pts to 17001 Nasdaq +6pts to 4451 US 10 year yields 2.45% -3bp The S&P is not quite willing to give up the highs just yet.
S&P comments on Australia crossing the wires: Australia rating benefits from wealthy, resilient economy Australia rating benefits from monetary, fiscal policy stability Australia real per capita GDP growth to average 2.9% 2014-17 Australia has the ability to absorb economic and … Continue reading
The outlook reflects the expectation that Belguim will continue key economic policies. They see the new government focusing on competitiveness and budget cuts. They boosted their average 2014-2017 GDP forecast to 1.45% and seen deficits of 2.5% of GDP over … Continue reading
The S&P touched 1987.46 in the early part of the open but has dropped back to flat at 1983. The Dow is down 38 at 17075 and the Nasdaq trades +7 at 4463 Bonds yields are still trying to bottom … Continue reading
68 days ago Socgen were worried that we hadn’t had a 10% correction in the S&P for 468 days. RBC’s chief US market strategist says it’s been 1020 days since the last one back in 2011. Someone is fiddling the … Continue reading
S&P sees real GDP in the eurozone up 1.1% in 2014.
S&P -5pts to 1978 Dow -22pts to 17035 Nasdaq -4pts to 4421 US 10 year yields 2.50% -2bp Despite us highlighting the bank earnings there have been other of course and some have left a lot to be desired. SanDisk … Continue reading
And thus the stars aligned and the green light went on. S&P +9pts to 1983 Dow +50pts to 17111 Nasdaq +22pts to 4438 US 10 year yields 2.55% +1bp A big test will be whether stocks can maintain the gains … Continue reading
An $80bn deal for Rupert Murdoch to buy Time Warner has been rejected says CNBC. The deal in which Fox was said to offer $85 per share in cash and stock has seen the Time Warner share price naturally up … Continue reading