Source: ForexYard
Positive employment numbers helped the U.S. stock markets jump significantly during late Friday afternoon trading. Despite the gains, the credit rating downgrades of Spain and Italy put a damper on trading soon thereafter.
Many view this as a sign that no matter how good or bad the U.S. economy performs, the EU debt crisis remains the primary source of investor’s lack of confidence.
Furthermore, the downgrade of Spain and Italy’s credit rating further signaled the uncertainty in measures taken by the ECB and EU in recent weeks to alleviate the debt crisis.
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