Spore market: likely to ignore the up close in the US, with the dampener coming from S&P warning about a possible credit downgrade on 15 Euro nations.
The firm said ratings could be cut by one level for Austria, Belgium, Finland, Germany, Netherlands and Luxembourg, and by up to two notches for the other govts. The euro area’s six AAA rated countries are among the nations to be placed on a negative outlook, and their credit ratings may be cut depending on the result of a summit of EU leaders on Dec 9.
In the region, KOSPI is down 0.3% and Nikkei is down 0.4% at 8.13am.
Technically, near term momentum could be showing the first signs of stalling, with the flattening of the RSI. Support at 2736 (50day MA), resistance at 2800.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment