Markets Remain Cautious Despite Upbeat US Retail Data
US equities opened a notch higher today after credit-rating agency Moody’s Investors Service tried to restore confidence in America’s credit rating outlook. Upbeat developments in the retail and banking sectors also benefitted Wall Street, but sentiment continued to remain cautious nevertheless.
Credit-rating agency Standard & Poor’s yesterday downgraded Britain’s economic outlook from ’stable’ to ‘negative’, [...]