From the daily archives: Monday, January 16, 2012

European stocks are poised to open lower on Monday after Standard & Poor’s downgraded the debt ratings on nine euro area sovereigns, including France and Austria, which were stripped of their top triple A ratings.

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Indian shares fell on Monday, in tandem with a weak trend in other Asian markets after rating agency Standard & Poor’s downgraded the ratings of nine European nations. Meanwhile, investors eagerly await December inflation numbers for clues as to whether the RBI will start easing key interest rates.

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Asian stock markets are mostly trading notably lower on Monday with investors pressing sales amid renewed worries about the European economy following Standard & Poor’s stripping France and Austria of their triple-A status and downgrading seven debt-laden European countries.

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Indian shares are seen opening lower on Monday, mirroring weak Asian cues after ratings agency Standard & Poor’s stripped France and Austria of their AAA ratings and downgraded the credit standings of eight other euro zone countries, saying the policy initiatives taken by European policymakers in recent weeks may be insufficient to fully address ongoing [...]

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