Stock futures drop on global growth concerns
NEW YORK (Reuters) – Stock index futures edged lower on Tuesday after Japan’s sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt. Fitch lowered Japan’s long-term foreign currency rating to A plus from AA. It cut the local currency rating to A plus from AA minus. Both were cut with a negative outlook. The United States and Japan are leading a fragile economic recovery among developed countries that could be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday. . . .
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