Investors are again downgrading the decision-making of Standard & Poor’s.
The Federal Reserve’s pledge to buy more assets to shore up the economy is making European equities more lucrative for U.S. investors than domestic stocks.
U.K. stocks declined for a second day, led by airlines and travel companies as the ash cloud emanating from an Icelandic volcano closed parts of Europe’s airspace for a fifth consecutive day.
U.K. stocks climbed as Greek lawmakers met to debate austerity measures that the European Union has made a condition of providing further aid to the indebted country.
European stocks declined for the fourth time in five days amid speculation that this month’s rally may have overshot the outlook for economic growth.
U.K. stocks rose for a third day as China refrained from raising interest rates and merger and acquisition activity buoyed Wellstream Holdings Plc and Yule Catto & Co.
Swiss stocks closed down after swinging between gains and losses as investors contemplated whether a 9.7 percent slide in equities from this year’s high means forecasts for profits growth are outweighing concern about Europe’s debt crisis.
"Our strategy remains constructive towards risk assets."
- David Shairp on Jun 27, 2011