Market Talk – April 17, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 509.40 points or -1.32% to 37,961.80 Shanghai increased 64.31 points or 2.14% to 3,071.38 Hang [...]
The three main credit rating agencies have been downgrading government debt at an alarming rate, which confirms our computer models, albeit a tad late. The first half of 2016 has seen more sovereign downgrades since the crash of 2009. The first six months of this year saw Moody’s downgrade 24 governments, Standard & Poor’s 16 governments, and Fitch 14. This has included Saudi Arabia and Brazil.