S&P ratings has downgraded Greek govt debt to junk bond status, and Portugal's debt to -A (down 2 notches). As a consequence the S&P index has dropped 1.5%. Major European indexes are down over 2%. But gold has risen (thank the golden God) as a contrarian play to sovereign debt default risks.
http://www.cnbc.com/id/36802788
Wednesday will be a fun day on the ASX.
loki
not quite tuesday, page-53
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Last
7,672.2 |
Change
22.600(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |