Portugal rating removed from "creditwatch" status

Source: Bloomberg
The Standard & Poor's rating agency decided to remove the Portuguese sovereign credit rating from the status of being revised in the nearest future, meaning that the risk of rating's change is falling. It is worth pointing out that the country plans to exit the EU bailout program. Therefore, the long-term BB rating will be most likely kept for a long period of time, while the outlook remains negative.
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Fri, 17 Jan 2014 09:38:02 GMT

European stocks advance before U.S. economic reports

The majority of European shares increased on Friday with the local benchmark index heading towards its second weekly gain before a reports from the U.S. showed that the world's largest economy is improving. The Stoxx Europe 600 Index gained 0.2% to 334.76 as of 8:11 a.m. London time with three stocks rising for every one falling.

Fri, 17 Jan 2014 10:18:08 GMT

German bunds rise as rating agency affirms Netherland's top grade

Germany's government bunds advanced on Friday session heading for the third weekly increase after the rating agency Standard & Poor's removed debt rating of Portugal from creditwatch affirming the BB rating, while Netherland's top grade was retained at AAA. The benchmark 10-year yields dropped one basis point to 1.77% by 7:23 a.m. in London.

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