Summary
INVESTORS regained their appetite for risk yesterday despite ratings downgrades for seven of the world's biggest banks and a warning from IMF head Christine Lagarde about a potential repeat of the Great Depression of the 1930s.
Markets withstood the latest gloom, with the impact of thin pre- Christmas trade and higher commodity stocks helping the FTSE-100 Index into positive territory before a late sell-off left it 13.5 points lower at 5387.3.See the full content of this document
Extract
Market Withstands Banks' Downgrades
Banks were barely troubled by the downgrade move from Fitch, which cited challenging fi...
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