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S&P Lowers Qantas Ratings
Friday, September 7, 2012 - 5:02am | 32Standard & Poor's lowered credit ratings of Qantas Airways Ltd (OTC: QUBSF) by a notch to BBB-. Qantas Airways shares gained 2.54% to close at $1.21 yesterday.
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MSCI: South Korea Still Emerging, Greece Could Be On Its Way (EWY, EWT, GREK)
Wednesday, June 20, 2012 - 7:01pm | 837MSCI (NYSE: MSCI), a firm with indexes tracked by dozens of developed and emerging market ETFs, said that its MSCI Greece Index has been added to the review list for potential reclassification to emerging markets status. In the report, MSCI stated, "[t]he MSCI Greece Index is structurally no...
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S&P Lowers India Outlook To Negative
Wednesday, April 25, 2012 - 3:55am | 29Ratings agency Standard & Poor's lowered India's outlook from “stable” to “negative.” India's 10-year bond yield climbed 4 basis points to 8.63%. Indian stock markets also dropped, with the BSE index down 0.9%.
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Is France About to be Downgraded?
Friday, January 13, 2012 - 10:28am | 309Rumors are circulating that S&P is planning a widespread downgrade of Eurozone economies in a move that could shake up European economies and spook global markets as a whole. According to unnamed EU sources cited by Dow Jones, S&P could be planning to downgrade "multiple" Eurozone...
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A Peek Into The Market Before The Trading Starts
Tuesday, December 6, 2011 - 8:33am | 409Pre-open movers US stock futures are higher this morning, a day after Standard & Poor's placed the credit ratings of 15 euro-zone nations on review for possible downgrade. Futures for the Dow Jones Industrial Average surged 50 points to 12,116 and S&P 500 index futures rose 5 points to 1,...
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US Stock Futures Up After S&P Euro-Zone Warning
Tuesday, December 6, 2011 - 7:29am | 375US stock futures are higher this morning, a day after Standard & Poor's placed the credit ratings of 15 euro-zone nations on review for possible downgrade. Futures for the Dow Jones Industrial Average surged 45 points to 12,111.00 and S&P 500 index futures rose 5.20 points to 1,260.20....
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S&P Downgrades Egypt's Rating To B+
Friday, November 25, 2011 - 5:43am | 17Standard & Poor's cut Egypt's sovereign credit rating. Standard & Poor's lowered Egypt's rating by one notch to “B+.”
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How to Profit from the Downgrade of Japan and Its Banks
Wednesday, August 24, 2011 - 7:43am | 557After a strong opening, Japanese stock prices fell for most of the Wednesday trading session after Moody's Investor Service downgraded Japan's credit rating from Aa2 down to Aa3. Moody's Investor Service said that Japan's disappointing growth rate, large budget deficits and political uncertainty...
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Standard & Poor's Announces Changes to U.S. Index
Monday, August 22, 2011 - 6:26pm | 134S&P will make the following changes to the S&P SmallCap 600 index: GT Advanced Technologies (NASDAQ: GTAT) will replace Radiant Systems (NASD: RADS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 24. S&P MidCap 400 constituent NCR (NYSE: NCR) is...
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Google Downgraded: Should you Buy, Sell, or Hold?
Sunday, August 21, 2011 - 9:34pm | 1159Tuesday, August 16, 2011. Equity analysts at Standard...
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Zings Of The Day, August 18, 2011
Thursday, August 18, 2011 - 3:36pm | 84The SEC is being accused of destroying thousands of documents. That's okay. When you got rid of the uptick rule, you destroyed thousands of lives, so I guess that's fair. The Justice Department is investigating whether Standard & Poor's, improperly rated dozens of mortgage securities. Talk...
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How to Profit from Swiss Central Bank's Efforts to Halt Rise of Swiss Franc
Wednesday, August 10, 2011 - 5:56am | 623Switzerland's central bank increased its efforts to cool a rising Swiss franc that threatens the competitiveness of the country's exporters. The Swiss franc has become an even more popular safe haven currency in the aftermath of Standard & Poor's downgrade of the United States' credit rating...
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How to Profit from EU Market Intervention into Spain and Italy Bond Markets
Monday, August 8, 2011 - 9:53am | 718The governments of Italy and Spain are breathing a sigh of relief as a bond purchasing market intervention by the European Central Bank (ECB) has pushed down yields on bonds issued by the two troubled eurozone members. The European Central Bank's previous efforts to keep the yields of troubled...
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How to Profit as Asian Stocks Hit 52-Week Lows on Standard & Poor's US Debt Downgrade
Monday, August 8, 2011 - 7:14am | 769Several Asian stock market indexes hit 52-week lows during trading on Monday in Asia, the first day of trading after Standard & Poor's lowered its rating of United States government debt. While much of the selloff in Asian stocks could be blamed on the Standard & Poor's move to lower its...
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Standard & Poor's Clarifies Assumption Used on Discretionary Spending Growth
Saturday, August 6, 2011 - 10:02am | 291In response to questions, Standard & Poor's today said that the ratings decision to lower the long-term rating to AA+ from AAA was not affected by the change of assumptions regarding the pace of discretionary spending growth. In the near term horizon to 2015, the U.S. net general government...