Moody’s downgrades Gazprom’s credit rating to Baa2; outlook negative
Moody’s places the ratings of 45 Russian non-financial corporates on review for downgrade
Barclays raises U.S. Q4 GDP estimate by six-tenths to 2.8%.
LONDON (Reuters) – Stocks are showing the kind of volatility that preceded major falls in the past, suggesting to some that one of the most blistering U.S. rallies on record may be nearing its end.
The market is undergoing big swings under the influence of plunging oil prices and resulting turmoil in Russia, as well as the Federal Reserve’s only gradual shift away from ultra-low interest rates and – on Tuesday – data showing a sharp acceleration of the U.S. economy.