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Posted 2 hours ago
France Credit Rating Outlook Cut to Negative by Fitch
Fitch downgraded France's A+ outlook to negative, citing weaker growth, higher borrowing costs, and a wider deficit. EUR/USD affected as French-German 10-year spread widens to 2011 levels; sovereign-debt stress is the dominant Eurozone story traders are pricing now.
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6 minutes ago
Fitch Downgrades France Debt Outlook; Spread Widens to 2011 High
Fitch warned France's debt outlook is worsening and expressed doubts about restoring public finances post-2027 election, intensifying sovereign-debt stress in the Eurozone. French-German 10-year spread now at widest since 2011 amid EUR 43bn new budget measures. Traders await Eurozone CPI flash (4 Nov) and Lagarde speech (5 Nov) to assess ECB's next move on rate cuts.
https://www.nasdaq.com/articles/european-shares-struggle-direction-lackluster-tradeNew to MyTradingLand?
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