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Tag Archives: Moody’s downgrade
France Pushes Back on the Moody’s Downgrade
This downgrade does not raise a question-mark over the fundamental economics of our country, nor the reforms undertaken by the government, nor our good reputation for borrowing. – Pierre Moscovici, French finance minister France’s 10-year government sovereign spread to the … Continue reading
Buying the Moody Blues…
Classic sell the rumor, buy the fact trading action. Within an hour after Moody’s downgrade of the French banks almost all the major global equity indices have turned up. S&P futures were down almost 16 points and are now down … Continue reading
Global Macro Monitor 