Hints and tips:
...Mark Zandi, chief economist at Moody’s Analytics, refers to the upcoming period as a “slowcession”. Nevertheless, a full recession could be “self-fulfilling”, he adds....
...Some, like pitcher Noah Syndergaard, tweeted an image of an enraged Kathy Bates from the 1990 film “Misery” to lambast the MLB lockout letter....
...Moody’s earlier this week stopped short of a downgrade but put the bank on notice of a possible cut by placing a “negative” outlook on its A2 rating....
...S&P Global and Fitch rated the new debt A-plus, while Moody’s assigned an Aa3 opinion....
...“It’s not a complete surprise,” said Kathy Lien, managing director at BK Asset Management....
...“For the Federal Reserve which meets later this week, [Monday’s] economic data confirm that the US recovered lost momentum at the end of the first quarter,” said Kathy Lien, a managing director at BK Asset...
...“It’s another blow to the pound,” said Kathy Lien, managing director at BK Asset Management. “This downgrade was not fully discounted by markets and once trading resumes, we will see its full impact.”...
...“Obviously, they are leaving the door open to a further downgrade to junk status but for now, this is going to help the euro,” said Kathy Lien,managing director at BK Asset Management....
...S&P joins Moody’s which also has a negative outlook for Spain and rates the country at the lowest end of investment grade with a Baa3 grade....
...“Moody’s tends to be more conservative than S&P but it’s trailblazing here by placing the UK on a negative [outlook],” said Kathy Lien, director for currency research at GFT Forex....
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