Wednesday, October 17, 2012

Investors gain confidence about global economic prospects, Spanish yields fall as Moody’s holds back

Latest update from Eurozone Debt capital market, Spanish yields fall as Moody's holds back, Madrid and Rome's borrowing costs ease after the rating agency spares Spain from downgrade to junk status


Eurozone stock market, Stocks advance as Spain fears ease, Investors gain confidence about global economic prospects as concerns about Europe ease after Moody's maintained Spain's investment-grade rating


Latest update from FTSE stocks, RBS tops FTSE as rehabilitation continues, Shares in the part-nationalised lender top the London index as it confirms its departure from the UK government's Asset Protection Scheme


Meanwhile, latest news from Banking Industry, JPMorgan stems money fund losses, The bank is to offer clients of its two large euro-denominated money market funds a way to address losses from investing in short-term bonds, where interest rates have fallen sharply


Latest companies news from New York, US companies return to 'dividend recaps', Complex lending practices that proliferated ahead of the financial crisis are making a comeback as investors flock to US high-yield corporate debt


Back to Spain rating update, Moody's holds firm on Spain rating, Affirmation was based on several positive developments, notably the lower risk of the country losing access to bond markets