Intensifying global economic uncertainty weighed on the market last week. There was once a boost on Friday as the US employment report in July exceeded expectations but the momentum was week. Asian markets should open with great caution on Monday as the S&P downgraded US’ rating to AA+ (from AAA) after the US market closed on Friday.
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Weekly Fundamentals – Investors Turn Risk Averse as Economic Outlook Worsens, US Debts Get Downgraded
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