Ecuadorian trade entered its most dynamic, encouraged by the extra bonuses received by the labor sector in the season in a year of growth of imports of non-durable goods and economic recovery. The offers a huge variety of consumer items that start with clothing and appliances go through and end up in cars and homes, rampant these days in all media. Despite the discourse of the Catholic Church and President Rafael Correa, in the sense that this is not a period of consumerism but of affection, people from all strata is released with euphoria to buy, encouraged also by credit offers.
Major European stock markets ended with widespread losses by raising concerns about Europe's debt after Moody's downgraded the status of Ireland in five steps. The markets reacted gloomily to the decision of Moody's, which warned that further cuts could occur if Dublin was not able to stabilize the situation, besides that put the rating under review for possible downgrade Greece.
At the conclusion of the trading day in Europe, the Milan MIB Index posted the biggest drop and closed with a negative 1.46 percent, followed by Madrid's Ibex-35 was left with a low of 1.12 percent. In currency trading, the European Central Bank (ECB) fixed the official rate of the euro against the dollar at 1.3260, an increase of 0.0022 units (0.02 percent) from its listing last Thursday of 1.3238 dollars per unit.
Trade world stock sell-off lately observed, monitored rose on Wall Street. Strengthening FedEx is supported by a bullish outlook for growth is expanding. Admittedly, the shares have recorded a good performance in 2010, on Thursday gave big gains as investors tried to increase their profits back at the end of the year. In addition to the number of stocks that fell on the New York Stock Exchange and Nasdaq.
International rating agencies Moody, AOS International Services yesterday said, could be re-cut the credit rating of Spain. This schedule is based on the severity of the country's refinancing and loan problem next year.
Last September, Moody, AOS lower rating from Aaa to Aa1 Spain. It put pressure on Madrid and the broader euro zone for fear of widespread decline. Moody, AOS states, the ability of Spain to settle the debt is not questioned. Besides that, Matador State also does not require external assistance, such as Ireland and Greece. However, future funding needs, including heavy, so likely will create new tensions in the money market. According to Moody, AOS, another problem related to Spain's rating is likely higher costs of recapitalization of the banking system are estimated to increase the public debt and add to concerns of its citizens. It handles whether the central government to push through reforms, Moody, AOS believe that the weakness of the Spanish warrant puts rating under review for a decline, Äù said Spain's leading analyst Kathrin Muehlbronner in a statement quoted by AFP.