Review: The US: There are growing signs that the US housing market is beginning to gain momentum again. Yesterday home sales came as a positive surprise, which sent the equity indices into positive territory. In Europe, France’s credit rating was downgraded by Moody’s from Aaa to Aa1. The rating agency maintains its negative outlook for the second largest economy in Europe, which means that the agency expects to downgrade the rating again within the coming 12-18 months if the economic
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