Draghi challenges the role of rating agencies

Note: This section contains information in English only.
Source: Bloomberg
Mario Draghi, ECB president, questioned the role of rating agencies, suggesting their moves may have too strong impact on markets. Draghi pointed out that investors should learn to anticipate changes, price them and evaluate creditworthiness without relying extensively on rating agencies.
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Tue, 17 Jan 2012 07:24:35 GMT

European shares climb on French bond auction

European equity markets surged and closed higher after France faced a successful bond sale, as its 10-year borrowing costs dropped despite S&P downgrade. Stoxx Europe 600 gained 0.8% and finished at 251.12, while French CAC 40 index jumped 0.9 and finished at 3,225. UK FTSE 100 added 0.4%, closing at 5,657.44 and German DAX rallied 1.3% to 6,220.01. 

Tue, 17 Jan 2012 07:23:21 GMT

French bonds gain on auction

French bonds surged on Monday's debt sale as their yields dropped in the first country's first auction since S&P downgrade. Successful note auction helped to improve market sentiment across Euro Zone, said Orlando Green, Credit Agricole strategist. The borrowing costs on 10-year French bills dropped 4 b.p. or 0.04 p.p. reaching 3.04%. Analysts suggest, S&P move was not a surprise,

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