Today's Rates 06-27-16
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|World stocks, sterling try to shake off Brexit blues|
Asian stocks rose for the first time in three days on Tuesday while sterling and other currencies advanced as investors scooped up beaten down assets after Britain's vote to exit the European Union stunned financial markets. European markets looked set to follow Asian stocks higher, according to financial bookmakers, and U.S. stock futures rose 0.8 percent, suggesting a stronger opening on Wall Street after a brutal two-day slide. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent but the tiny gain belied an impressive turnaround which saw the Japanese stocks rally more than 3 percent from the day's lows, pulling other Asian markets higher.
|Ratings agencies rip into UK's credit score after Brexit vote|
Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy. Standard & Poor's stripped Britain of its last remaining top-notch credit rating, dropping it by two grades from "AAA" to "AA" and warning more downgrades could follow. Fitch Ratings also downgraded its ranking for Britain's creditworthiness by one notch, and similarly said more cuts could follow.