Reuters – Stock index futures fell on Wednesday after Moody’s downgrade of Portugal’s credit rating to “junk” and China’s interest rate rise triggered unease about global growth prospects.
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AP – Asian stock markets swung back and forth Wednesday as investors proceeded cautiously following a weak performance on Wall Street and a downgrade of Portugal’s debt rating.
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Read More »AP – EUROPE’S DEBTS: European finance ministers approved $110 billion in rescue loans to Portugal on Monday, but have yet to decide on a second rescue package for Greece. The arrest of the head of the IMF is expected to make solving Greece’s problems more difficult.
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AP – Fears of more interest rate increases in China weighed on global markets Wednesday, while the euro headed up towards 18-month highs against the dollar despite confirmation of a $115 billion bailout for Portugal.
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Reuters – World stocks fell further from last week’s three-year high on Wednesday as falling commodity prices and concerns about signs of economic slowdown in China prompted investors to scale back their risky positions.
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AFP – London shares steadied at the start of trading on Thursday, along with markets across Europe, as traders awaited a major interest rate decision by the European Central Bank and reacted to Portugal’s bailout request.
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AP – Asian markets were mostly lower Thursday after Portugal became the latest European country to plead for a bailout, but Japan enjoyed a mild rally as it appeared to gain the upper hand in the struggle to contain a toxic radiation leak at a nuclear power plant.
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AFP – The euro rose against the dollar and European stocks advanced Thursday, ahead of an EU summit set to focus on the eurozone debt crisis amid mounting fears that Portugal will soon request a huge bailout.
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