S&P cut Greek credit rating to selective default

Note: This section contains information in English only.
Source: BBC
Standard and Poor's downgraded Greece's credit rating to selective default after the country agreed on the 70% debt reduction with private bondholders. The rating agency cited that terms of the deal escalated concerns over Greece's inability to repay its debts. However, S&P announced it would increase Greece's rating to CCC after the debt swap is complete.


Back to articles

Actual Topics

Tue, 28 Feb 2012 10:15:10 GMT

Crude oil prices fell on the weaker demand

Crude oil prices sank during the Asian session as market sentiment was dampened due to sharply rising energy prices and consumers' attempt to restrict oil buying for exorbitant price. Light, sweet crude oil April contract traded at 107.98 US Dollars per barrel on the New York Mercantile Exchange, losing 0.53%.

Tue, 28 Feb 2012 10:00:27 GMT

European shares decline on G-20 announcement

European stock markets closed lower on Monday, pushed down by G-20 statement Euro Area should increase the financial fire-power by itself and only then call for more help. Nevertheless, losses were partly offset by better than expected pending home sales data in US. Stoxx Europe 600 index FTSE 100 each slipped 0.3%, German DAX fell 0.2% and French CAC 40 index tumbled

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.