Markets Fall as Moody’s Downgrades Greece

The US and Australian markets fell over 1st – 2nd June 2011 following disappointing manufacturing and employment indicators. In addition, the downgrading of Greek local and foreign currency bond ratings to Caa1 from B1 gave traders further cause for concern. Ben Potter, research analyst at IG Markets said: “The S&P 500 fell the most since … Read more Markets Fall as Moody’s Downgrades Greece