Markets dip as moody's takes shine off Greek relief
2/14/2012 11:24:35 AM
TOKYO: Shares and the euro fell on Tuesday after Moody's warned it could downgrade top-rated sovereigns including Britain, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps to avoid a disorderly default.
European shares were expected to remain subdued, with financial spreadbetters expecting Britain's FTSE 100, Germany's DAX and France's CAC-40 to open between minus 0.1 to plus 0.1 percent. The Bank of Japan surprised markets by loosening monetary policy further, boosting its asset buying and lending scheme to add more liquidity as it bowed to political pressure for bolder action to beat deflation and support the economy.
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