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Asian stock markets swung between gains and losses before closing mostly lower on Friday, as Standard & Poor’s downgrade of Spain’s credit rating rekindled worries about the fragile state of the eurozone economy.
Continue Reading →An uneasy mood prevails on Wall Street on Friday, as unconvinced traders look ahead to the first read of first quarter GDP and a consumer sentiment reading. A few blue chip earnings scheduled for the day may also give direction to the markets. Meanwhile, a Standard & Poor’s 2-notch downgrade of Spain’s credit rating on [...]
Continue Reading →Indian shares are seen opening higher on Tuesday, as investors hunt for bargains and closely keep an eye on a crucial meeting of senior finance ministry officials with ratings agency Standard & Poor’s today where government officials will defend India’s fiscal deficit roadmap and explain their concerns over the ratings outlook. Investors also await industrial [...]
Continue Reading →Indian shares may swing between gains and losses on Tuesday as Greece’s talks with private bondholders for a debt-swap agreement continued and global rating agency Standard & Poor’s warned that high inflation, widening fiscal deficit and slower economic growth will negatively impact India’s sovereign rating.
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