Posts Tagged ‘government-debt’

On Monday the S&P ratings agency downgraded its outlook on US government debt to negative. S&P kept US government debt rated triple A, but the outlook switch to negative hit the US stock market hard and also prompted a selloff in US Treasuries. Full story

- Portugal's surprisingly successful bond auction earlier today that saw the downtrodden Eurozone member sell $1.62 billion in government debt temporarily alleviated concerns about the country's ability to access the capital markets. Full story

Ananthan Thangavel submits:The past week has had financial markets focus on the impending Irish bailout. Starting in April of this year, Eurozone countries such as Greece, Ireland, Portugal, Spain, and Italy have all been under scrutiny for their heavy government debt burdens while economic growth languishes Full story

TORONTO - The Toronto stock market advanced Tuesday as U.S. dollar weakness pushed up prices for oil and copper while gold moved further into record territory on European government debt worries. Full story

David Goldman submits: Gold popped up 1.5% while commodities lost about 2%, breaking a pattern of correlation in which gold traded like any other commodity. One session doesn’t make a trend, to be sure, but if the central banks are flooding the world with currency to support a massive bubble in government debt, the possibility of a portfolio shift out of currencies into gold has ... Full story

Gold futures were little changed in New York after climbing to a one-week high as some investors sought an alternative to currencies. Full story