S&P downgrades France; Wall street extends losses
France TV has reported that S&P has downgraded France while other news agencies report that other Euro Zone counties could also face a downgrade. This has led to the losses on Wall street to deepen, despite strong consumer sentiment on renewed worries about the Euro Zone. Moreover, US trade deficit rises to $47.8 billion, the widest in 5 months as exports fall and imports rise.
