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Negative background shapes lowering the credit rating of Cyprus in three steps - from B3 to Caa3 - with a "negative" outlook, said the rating agency Moody's. The reason for its decline was concern Moody's, due to excessively high levels of public debt and the problems with the capitalization of the banking sector.
EU representative Rehn said that the recovery in Europe will remain slybym in 2013.
Positive background creates the news that Japan, which is one of the largest economies in the world, has adopted a program to stimulate the economy amount to $ 116.8 billion These funds will be invested in infrastructure, financial assistance to small businesses and encourage corporate investment, NHK television channel . Japanese Prime Minister Shinzo Abe believes that extra-soft monetary policy and economic incentives will help the country get out of the recession of the late 2012., Which became
FTSE 100 6,101.62 +0.11 0.00%
DAX 7,708.27 -0.20 0.00%
CAC 3,686.26 -16.86 -0.46%
Shares of software maker SAP AG rose 1.7% on news that the company intends to enter the market for database management systems and settled on it over the next 20 years.
The market value of the largest French computer services provider Cap Gemini has increased by 3,9%, Atos - by 1.3%. Rival Infosys improved revenue forecast for the year, and its market capitalization has increased by 1.2%.
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