Market Comment | Steady financial markets despite China’s downgrade

Summary

Global volatility continued receding in both developed (VIX near to breaching the 10-point threshold again) and emerging markets, despite the downgrade of China’s sovereign debt rating and ahead of tomorrow’s OPEC meeting. Moody’s rating agency downgraded China’s sovereign debt rating for the first time since 1989 by one notch, to A1 from Aa3, citing increasing […]

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