S&P downgrades France; Wall street extends losses

PUBLISHED ON: January 13, 2012 | Duration: 24 min, 23 sec

  
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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.
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