S&P Says Credit Outlook Remains Negative
First Published Saturday, 11 July 2009 from Need to Know News
S&P states that the "credit outlook for the corporate and government sectors and for financial institutions remains negative with credit deterioration continuing for the remainder of 2009."
- PREVIEW: German ZEW Mar. economic sentiment index seen falling to 43.6 from 45.1 in Feb.
The ZEW indicator of economic sentiment in Germany is expected falling to 43.6 in March from 45.1 in February....continued
- US Opening Comments
US equity index futures are trading lower across the board with June S&P futures trading in the lower portion of their overnight range around 1142; while Dow futures are hanging onto the 10,540 handle after bouncing off 10,530 in two separate occasions overnight....continued
- US crude oil futures down 51 cents at $80.73/bbl as dollar strengthens, rattled by weak US confidence data
...continued
- Dollar Index rises to session highs on speculation of more hawkish talk out of FOMC
...continued
- PREVIEW: EZ Feb 'final' inflation rate expected to be confirmed at 0.9% y/y
The Eurozone inflation rate is expected to be confirmed at 0.9% year on year in February when Eurostat, the EU's statistical office, reports its final HICP inflation numbers at 1000 GMT on Tuesday....continued
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