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WSJ MoneyBeatDec 15, 2017
Brexit & Beyond: EU Agrees to Advance Brexit Talks, Ireland's Pivotal Brexit Role, NATO Backs New Missiles
Brexit & Beyond: Europe in Flux is The Wall Street Journal''s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Britain''s Prime Minister Theresa May leaves from Downing Street in central London.  niklas hallen/Agence France-Presse/Getty Images EU Agrees to Advance Brexit Talks to […]

MarketWatch MarketPulseDec 15, 2017
Fitch upgrades Portugal credit rating to investment grade
Fitch Ratings hiked Portugal's credit rating two notches to BBB, returning it to investment-grade status. Large institutional investors like pension funds are often required to abstain from buying bonds ranked below investment-grade. The move would also make its sovereign paper eligible for entry in benchmark bond indexes and could, therefore, draw billions of dollars of inflows. The ratings company justified its move saying they expected government debt levels to fall. Portuguese bond yields touched a three-year low on Friday on anticipation of an upgrade. Debt prices rise when yields move higher.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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