gold price trend

2011年7月6日 星期三

Portugal letter perish junk bonds rose gold tumbling

Portugal letter perish junk bonds
2011/07/07

Moody's Investors Service concerned may further Greek footsteps of Portugal, for the second wave of international relief, 5 to Portugal's debt rating downgraded to junk status, showing the debt crisis is still perilous.


Portugal following the Greeks, the debt is junk into the second euro-zone countries. Moody's said that Portugal could not complete the goal of deficit reduction, debt is another reason to be down.

Deutsche Bank's fixed income manager, Pollack said: "Portugal debt reduced to junk status, indicating the sovereign debt crisis is not going to Greece on the end." Surged this year because of the deficit, has to the European Central Bank, the International Monetary Fund requests for emergency relief countries, there are Ireland, Greece and Portugal, while Spain, Italy are often named possible outbreak of the crisis. Portugal in May was awarded a 78 billion euros ($ 113 billion) financial aid.



Increase the debt crisis, driving gold higher, European shares were down 6 to close at the end of 7 days rally, Portugal's stock market fell 2.9%. Every ounce of gold rose more than the 5th $ 30, eight months to write the biggest one-day gain, on the 6th London spot gold traded 1517.20 per ounce, higher than the previous day's New York close of $ 1,515.70 per ounce.

The Portuguese government bonds Moody's rating from Baa1 down to Ba2, outlook negative. Moody's said in a statement, the new relief program in Greece has been included in the discussion of the practice of private investment, the future of the EU deal with the issue of Portugal, may also serve as a prerequisite.

沒有留言:

張貼留言