Tuesday, June 28, 2016

Contracts in Europe up; agencies cut the ratings of UK and Abe wants to calm markets – Onet.pl

Fitch downgraded on Monday the level of creditworthiness of the UK, pointing to the negative economic effects of its zadecydowanego in last week’s referendum exit from the European Union.

Fitch downgraded the UK from AA + to AA with negative outlook – which means that it is not excluded further degradation.

As said Fitch’s decision to leave the European Union have a negative impact on the British economy, public finances and political continuity.

Earlier, Standard & amp; Poor’s downgraded the UK’s highest classification rating of AAA immediately by two notches to AA – indicating that the prospect here is also negative.

Japan’s Prime Minister Shinzo Abe promised meanwhile on Tuesday that he would do everything to stabilize the financial markets. He added that the Japanese authorities will continue to closely monitor developments in the markets.

Also on Monday, the British finance minister George Osborne tried to reassure the markets.

Osborne said that the decision of the UK. Britain to leave the EU could lead to instability in the financial markets, but the British economy is strong enough to cope with the challenges that it faces. He added that the government created a special contingency plan, which is to assist in the implementation of the decision of the British exit from the European Union.

in Thursday’s referendum on Britain’s membership of the EU 51.9 percent. voters were in favor of Brexitem and 48.1 percent. for staying in the EU.

“In the markets we have more monetary easing than it was before the vote on Brexit “- says Tim Schroeders, managing Pengana Capital Ltd.

He added that in a global economy all supports the further weakening growth, and therefore to stimulate may be a response to the growing uncertainty.

on Tuesday at 14.30 investors will learn to calculate US GDP in the first quarter., about 15.00 – an indicator of the real estate market S & amp; P / Case-Shiller for the fourth, and at 16:00 the index of consumer confidence – the VI.

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