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Wednesday 8 February 2023 Dublin: 6°C

# Markets

All time
# Downgraded
Downgraded: US loses AAA credit rating for the first time ever
Standard & Poor’s decision makes it the first time the US’ credit rating has fallen below the highest level, AAA, which it has held since 1917.
# Eurozone
Italy and France call for emergency G7 debt crisis talks
Berlusconi and Sarkozy have agreed that the meeting should happen in the coming days.
# Daily Fix
The Daily Fix: Friday
In Friday’s Fix: The ups and downs of the markets, Jedward as you’ve never seen them, rhinos on a running track, and the saddest film scene ever…
# In the red
The world's richest man lost €5.6 BILLION this week
It’s fine, though: Carlos Slim and his family are still worth €46.5bn – the equivalent of 4.5 per cent of Mexico’s total economic output.
# Markets
US jobs news - and ECB intervention - puts brakes on stock market crash
The Dow Jones and the Nasdaq are in positive territory as European markets managed to reverse some of their earlier losses.
# Markets
How are the markets looking this lunchtime?
Things are looking up in Spain and Italy but not so good elsewhere as we await the markets opening on Wall Street.
# Debt Crisis
Asian markets hit six-month low amid fears of double-dip recession
After big falls on Wall Street yesterday there is little optimism to be found in the Asian markets this morning.
# Your Say
Poll: Who do you believe… Moody’s or Michael Noonan?
The credit rating agency says Ireland will probably need a second bailout, while the Department of Finance says the economic plan is on track. Who to believe?…
# Euro Crisis
Emergency EU meeting amid fears Italy could be next in crisis
Herman Van Rompuy has called top officials together for talks as the markets show jitters over Italian government debt.
# Week in Photos
The week in photos
This is the week that was, in pictures.
# Markets
BSkyB shares fall - but barely a blip for News Corp
Shares in the commercial broadcaster suffer as the UK government says it will take its time on a News Corp takeover.
# Markets
Markets stabilise on Greek confidence vote
Papandreou’s government survived its crucial confidence motion last night
# LinkedIn
"Monstrous interest" in LinkedIn shares on first day of trading
The 95 per cent surge on the first day’s trading is seen as a good sign for other social networking companies.
ESRI calls for more cuts and higher taxes to wipe deficit
The economic think tank says Ireland should aim to cut it’s budget deficit within three years in order to return to the markets – and that this should be done through pay cuts, spending cuts and higher taxes.
# Commodities
Gold and silver touch all-time highs as currencies slip
The old reliable precious metals reach record high values, driven by concerns that the US debt could reach its legal limit.
China posts trade deficit for first quarter of this year
Suggestions have surfaced about one of the world’s largest economies slowing down after China posted its first quarterly trade deficit in seven years.
# Credit Rating
Standard and Poor's downgrades Ireland's credit rating
The silver lining? We’ve been taken off S&P’s CreditWatch list.
# Shares
Irish Life and Permanent shares plummet as trading resumes
Mixed reactions to the stress tests as Bank of Ireland shares go up this morning, but IL&P continue to drop.
# Nikkei
Earthquake, tsunami and nuclear crisis take toll on Japan's economy
Nikkei index dropped almost 11 per cent today, after Japan’s prime minister announced a radiation leak had been detected at the Fukushima power station.
# Bondholders
Legislation to ensure bondholders share hit could be introduced before Christmas
Ireland could be among the first EU countries to introduce new legislation under which senior bondholders would carry part of the burden of future banking crises.
# Markets
Markets give cautious welcome to Ireland's bailout announcement
The Euro stays flat, but Ireland’s bailout hasn’t stopped worries over Spain and Portugal’s ability to repay their debts.
# Markets
Banks collapse, bonds rocket as markets demand bailout finality
Shares in AIB, Bank of Ireland and Irish Life & Permanent all continue to dive, as the cost of government borrowing shoots up.
# Markets
Wall Street stock falls over EU debt and Korean conflict fears
US markets affected by escalation of tension in Korea and fears of contagion effect in Europe.
# Markets
Portugal has EU confidence, but markets aren't so sure
Is Portugal the next Ireland? Markets analysts unconvinced Irish bailout will prevent further eurozone problems.
# Gold
Gold price spikes over $1420/oz on commodity markets
And guess who’s taking the blame?
# Japanese economy
Japan slashes core interest rate to almost zero
Following the lead of the US, the Bank of Japan makes it almost free to borrow cash.
# Black Thursday
Bond markets respond favourably to Anglo finality
The price of government borrowing – and the Irish-German spread – falls back, but AIB shares crater.
# Markets
Lenihan to publish final Anglo bill by Friday
The government will give the final bill on Friday, trying to calm investors after yet another horrible day for Irish bonds.
# Commodities
Commodity markets enjoy golden moment at $1300/oz
The price of gold hits another record high as investors get itchy about stocks and stick for old reliables.
# Cotton
Forget gold: this season's must-have commodity is cotton
Could the rising price of cotton mean the end of cheap clothes in Penneys? Well, probably not.
# Markets
Irish Stock Exchange Totally Oblivious To Yawning Bond Yields
The price of 10-year borrowing just keeps getting higher – and yet, shares still seem to be doing pretty well.
# Markets
Gold and 10-year bonds reach new market highs
# Japan
Japan to introduce $11bn stimulus package
Japan has proposed a new stimulus package in an attempt to revive the country’s faltering economy.
# Markets
Bank shares rally as investors don't stress the tests
AIB and Bank of Ireland shares both spike in response to passing the EU stress tests.