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Investment Center comments the latest events on the financial markets

08-08-2011 14:00

On Friday, the credit rating agency Standard & Poor's lowered their US credit rating from AAA to AA+ with negative outlook. The market has reacted negatively to this, and the stock markets that were open on Sunday and Monday morning, have fallen in the order of 2-4 per cent.

The European Central Bank (ECB) has decided to resume supporting measures, purchasing government bonds in the euro zone. The news came on Sunday evening and the motivation was that Italy and Spain had declared new austerity measures and economic reforms.

- Standard & Poor's downgrade of the US credit rating has no direct effect on the growth and we have no plans to revise down our forecasts for this reason. We will only consider this if the downgrade leads to large stock market falls or considerably higher interest rate, says Giovanni Polastri, macro analyst at Swedbank Robur in Stockholm.

The downgrade of the US credit rating has made markets more nervous, but has not substantially changed anything. The situation in Europe is still more urgent than the debt problems in the US.

Clients who have any concerns regarding the current situation may consider reviewing their individual risk profile and portfolio with a view to adjusting it accordingly, according to Swedbanks Investment Center.

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