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RSS FeedsChina downgraded by Moody`s, as Draghi hails eurozone recovery - business live
(The Guardian China)

 
 

24 may 2017 15:26:18

 
China downgraded by Moody`s, as Draghi hails eurozone recovery - business live
(The Guardian China)
 


Beijing has hit back after being downgraded by Moody´s for the first time since the Tiananmen Square protestsMario Draghi: Things are getting betterMoody´s: China´s financial strength is fadingChina: No it´s notFirst downgrade in almost 30 yearsAgency fears China´s financial strength will `erode´ as debts rise 2.14pm BST He was one of the masters of the Irish financial universe whose bank almost bankrupted Ireland.`It´s wonderful day.` 2.07pm BST Investors searching for clues as to when the European Central Bank might start gradually reducing its stimulus measures will find little in president Mario Draghi´s latest comments.In a speech in Madrid on financial stability, Draghi said there was no need to change its current guidance, saying the euro area was seeing `an increasingly solid recovery driven largely by a virtuous circle of employment and consumption, although underlying inflation pressures remain subdued.` No sign of Draghi deviating from current guidance. If anything, QE is more likely to produce side-effects than negative rates (`so far`). pic.twitter.com/sRM9aFamfEThe macroeconomic environment is improving. The monetary policy measures put in place in recent years have proven to be effective at sustaining a resilient recovery that is increasingly broad-based across countries and sectors. This recovery in turn contributes to greater financial sector resilience...Nonetheless, we remain vigilant.Negative rates may also have unwarranted side-effects, but those have so far remained limited. Our current assessment of the side effects suggest therefore that there is no reason to deviate from the indications we have been consistently providing in the introductory statement to our press conferences. 2.01pm BST It´s been a tough few months for Tiffany & co, with regular protests close to its flagship store in New York (it´s right next to Trump Tower...). 1.37pm BST Moody´s downgrade has made a small dent in the copper price.Copper traded on the London Metal ...


 
6 viewsCategory: General > Asia > China
 
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