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Moody’s downgrades China Sovereign Debt to A1 from Aa3.
Moody’s on Wednesday downgraded China’s credit rating from A1 to Aa3, highlighting concerns over rising debt and the slow pace of economic reforms. This downgrade is equivalent to S&P’s downgrade from double A minus to A plus.
Eyes on April Non-Farm Payroll after strong ADP
All eyes are on the Non- Farm payroll to be released on Friday night Asia time, the market expectation is an increase of 180 K jobs, which is lower than last months increase of 230 K jobs. A stronger ADP, a pre-cursor to the NFP has created even more interest in this...