Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
'In Australia the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak,' Reserve Bank of Australia Governor Glenn Stevens said.
Stocks closed mostly higher on Wall Street Wednesday as traders grew more hopeful that a budget deal will be reached in Washington. Rising stocks narrowly outnumbered falling ones on the New York Stock Exchange.
Th mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures. Worries that the Spanish government is losing control continued to hurt that country's markets.
As global economy worsens, investors expect Spain to negotiate a bailout, easing fears about a eurozone breakup. Major Asian, European market indexes showed little change, while S&P futures were up modestly.