Fitch upgrades Latvia's credit rating

Source: The Australian
The Global agency Fitch has increased Latvia's credit rating by one degree to BBB+, after Latvian membership in the Euro block was approved. The ECOFIN's announced their decision and gave the green light to Latvia to join the Euro block and become the 18th member of the Eurozone on the January 1 2014, adding to signs the approval was broadly expected on the stable outlook of the nation.
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Wed, 10 Jul 2013 10:35:08 GMT

Dollar drops before Fed tapering signs

The greenback declined versus major currencies, and investors expect further information on the Federal Reserve's time frame for tapering bond purchases. The U.S. Dollar traded at 99.92 versus the Japanese Yen. The 17-nation currency jumped to $1.2803. The ICE Dollar Index retreated from 84.598 to 84.454.

Wed, 10 Jul 2013 10:09:04 GMT

European shares decline as Chinese exports unexpectedly fall

European shares dropped from their highest level in about a month as data indicated Chinese overseas sales and inbound shipment declined more-than-expected. U.S. Index futures remained steady and Asian stocks jumped. The Stoxx Europe 600 Index decreased 0.3% to 293.66 and the equity benchmark inched up to the highest level since June 10.

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