Commentaries

World Bank, Moody’s fighting for hearts and minds of stocks

June 23, 2009

Has it really come to this? Reuters is reporting that U.S. stock futures point to strong start to the day due to ratings firm Moody’s Investors Service affirmation of the U.S. AAA rating. This comes just one day after the World Bank’s call for a 2.9% decline in global output this year had stocks go splat around the world.

Global market cross-currents, Fed in focus

June 22, 2009

With the big event for the week – the outcome of the Federal Reserve’s Federal Open Market Committee – not due until Wednesday, global markets are left to focus on number of cross currents that are weighing on the stocks and oil and bolstering government bonds and the dollar.