Just read the Headers…
… thanks to Casey Research for the above. The unlinked headlines are from Zero Hedge and Mish’s Global Trend Analysis. The links (many don’t work here) are from Ticker Forum.
Fed’s economic forecast worsens
631K new jobless claims, total benefit rolls 6.7M
Fed Buys $7.7 Billion in Treasurys, $3.1 Billion in Agencys
MarketWatch is reporting …”I think there will be a downgrade on the U.K. and I think there will be a downgrade on the U.S. outlook from one of the Big Three” credit-rating firms, said Stephen Gallo, head of market analysis at Schneider Foreign Exchange. …
ftAlphaville reports, Bill Gross, manager of the world’s biggest bond fund, warned on Thursday the US was “going the way of the UK” and will eventually lose its top AAA credit ratingWorld markets fall after Fed sees deeper slowdown.
U.K. Credit-Rating Outlook Lowered to Negative by S&P on Dbt
MPC signals it may pump billions more into the economy (UK)
More UK banks may have to be nationalised, says IMF
The Financial Times is reporting Downgrades loom for Spanish banks … Moody’s said it had placed 36 banks and cajas on review for possible downgrades of their bank financial strength ratings – including all the listed banks. …The agency also warned it might downgrade the triple A ratings of seven Spanish programmes of mortgage covered bonds, four public sector covered bond programmes and 57 series of multi-issuer covered bonds. …
EU Business is reporting Portugal debt downgrade spotlights rising eurozone bond dilemma
RealDeal is reporting Moody’s cuts credit ratings on eight Hungarian banks following gov’t downgrade. … Moody’s announced the ratings action on the Hungarian banks after reporting earlier on Tuesday that it had downgraded Hungary’s government-bond rating to Baa1 from A3 with a negative outlook.
Moody’s downgraded the long-term foreign-currency deposit ratings of the eight Hungarian banks to Baa1 from A3 as well.
The ratings agency said it had also downgraded MFB Hungarian Development Bank’s long-term foreign-currency debt rating to Aa2 from Aa1 and placed the rating on review for possible further downgrade.
China shares down on renewed concerns over economic recovery.
Japan economy collapses 15.2% in Q1 on export slide (Reuters and Bloomberg)
Taiwan’s economy shrinks 10.2 percent in 1Q
Singapore economy shrinks 14.6 percent in 1Q.
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