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West African country… ‘The decline in oil costs in the final seven months has considerably affected Nigeria’s exterior position and exterior vulnerability,’ S&P mentioned… The Colombian peso fell 3.7%, the South African rand 2.1%, Indonesia rupiah 1.4%, Chilean peso 1.1% and Indian rupee declined 0.8%. The Chinese renminbi declined a not insignificant 0.6% in opposition to the dollar this week. Here at dwelling, the S&P500 fell 3.5%. Yet the Morgan Stanley Retail index gained 0.8%. Healthcare, pharmaceuticals and the airways superior. The country’s $2.6 billion of notes due July 2017 fell to a report 39.3 cents on the dollar on Thursday… German stocks were hit for 4.9%, Spanish stocks fell 6.9% and Italian stocks dropped 7.4%. Greek stocks collapsed 20%. Greece 5-yr bond yields surged 332 bps to 9.15% - "worst week because the euro crisis." Italian to German bond spreads widened 25 bps, and Portugal to German spreads widened 38 bps.
