Portugal's rating and 4 other things you need to know to start your day

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Portugal's rating and 4 other things you need to know to start your day

Portugal's rating and 4 other things you need to know to start your day

It's the day for Portuguese sovereign debt to be evaluated by Fitch, and the market expects a rating upgrade. Across Europe, inflation for August is in focus in three of the Eurozone's largest economies.

Barbara Cardoso
Fitch assesses the ratings of Portugal and France

After S&P, it's now Fitch's turn to assess the investment quality of Portuguese public debt, with the country expected to benefit from another upward rating review . More than just Portugal, investors will be looking at France's rating, as analysts view the country's current fiscal and political crisis as a risk to its rating. A rating cut could fuel investor nervousness about French bonds.

Inflation in Germany, France and Spain

The final inflation reading for August in three of the Eurozone's largest economies will be in focus. According to preliminary data, prices in the three countries will have followed different paths. While in Germany, inflation accelerated again last month, reaching 2.2%, in Spain the rate is expected to have remained stable at 2.7%. In France, price growth will have slowed to 0.9%. In the United Kingdom, economic performance for July will be announced, following a 0.3% rise in British GDP in the second quarter.

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