World stock markets mostly slid on Friday , bank share goes down after Moody's downgraded some of the
biggest banks including HSBC.The health of 15 of the world's biggest financial institutions has been called
into serious question after Moody's downgraded their credit ratings, citing risk
exposure and the euro zone crisis.
Some of the biggest names in banking
-- including Goldman Sachs, Bar clays, Citigroup
and Deutscheb Bank saw their ratings
slashed on Thursday after the close of US markets, spelling increased investor
scrutiny and potentially higher borrowing costs for lenders.
Europe's main stock markets were lower
approaching the half-way point after losses for equity indices in Asia and on
Wall Street overnight in the wake of weak manufacturing data from China and
Europe.
The US Federal Reserve's light-touch stimulus on
Wednesday also weighed on share prices with concerns it would not be enough to
boost the economy.
Spanish and Italian bonds came under renewed pressure. Debt crisis had pushed business confidence in Germany,
Europe's biggest economy.
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