Argentina Could Be in Line for a Rating Upgrade Roubini Econoteam model and our Latin America team have suggested for some time that Argentina’s sovereign rating could be upgraded, with our analysts noting that the “holdouts” saga with its creditors obscured the economy’s decent fundamentals. President Mauricio Macri’s market-friendly approach is boosting Argentina’s credibility and… Continue reading Insight: Argentina Sov Ratings
After yesterday’s Fed minutes that came in shocking hawkish, the selling has continued overnight, led by the commodity complex as rate hike fears have pushed oil back down some 2% from yesterday’s 7 month highs, which in turn has dragged global stocks lower to a six-week low, while pushing bond yields higher across developed nations as… Continue reading Markets Commentary
Global Stocks Slide, S&P Set To Open Red For The Year Hawkish Fed Ignites “Risk Off” Stocks Retreat to Six-Week Low Futures indicate 32% chance of a U.S. rate increase in June Sliding miners drag Europe shares lower as dollar hurts metals Bayer Confirms Takeover Talks With Monsanto Today’s Markets In Asia, Japan… Continue reading Wall Street at Breakfast
Stocks, Bonds, Commodities Slide as Fed Weighs June Rate Hike Gold and oil fall as Treasury yields hold near two-month highs Markets hit by fears of US June rate hike The London stock market has shed 50 points, or 0.8%, at the start of trading. Mining shares are leading the selloff, with silver miner Fresnillo… Continue reading Markets Update am
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