Euro Credit Reviews In Line. Good Numbers From China Not Enough To Spark A Breakout
Last Friday, news leaked out that S&P was going to release its European credit review. The downgrades were in line with expectations and the market handled the news well. European markets were open yesterday and they traded slightly higher. The biggest concern was that France might get downgraded two notches and that Germany might also get downgraded. This did not transpire. France was only downgraded one notch and Germany was not even placed "on watch". S&P has been the most progressive ratings agency with regards to sovereigns and I believe the reviews from Fitch and Moody's will not weigh on the …
January 17, 2012
• Posted in: Options
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