S&P cuts its rating on Greece to B/C from BB-/B. Keeps on
negative watch. Says there is increased risk Greece will take steps
to restructure private debt. Sees it likely Greece will be forced
to share its debt burden with eurozone creditors.
The euro gives up a chunk of its gains in the wake of the S&P
downgrade of Greece, now +0.3% at $1.4353. Already lower on the
day, European shares take a new leg down. Stoxx 50 -1.8%. Spanish
shares take the biggest hit, -2.0%.
Overseas News
Posted by steve on 9th of May 2011 at 09:13 am
S&P cuts its rating on Greece to B/C from BB-/B. Keeps on negative watch. Says there is increased risk Greece will take steps to restructure private debt. Sees it likely Greece will be forced to share its debt burden with eurozone creditors.
The euro gives up a
Posted by steve on 9th of May 2011 at 09:13 am
The euro gives up a chunk of its gains in the wake of the S&P downgrade of Greece, now +0.3% at $1.4353. Already lower on the day, European shares take a new leg down. Stoxx 50 -1.8%. Spanish shares take the biggest hit, -2.0%.
EURO still falling now down
Posted by steve on 9th of May 2011 at 09:15 am
EURO still falling now down near 1.430 (support pivot there)
any targets on Euro ????
Posted by hmatar on 9th of May 2011 at 09:28 am
For the FXE, I'd say
Posted by ditch on 9th of May 2011 at 09:38 am
For the FXE, I'd say at best it test $141 and bounces, it's in a gap now as shown on the 60 Min.
ule
Posted by hpope on 9th of May 2011 at 09:35 am