BANGKOK (AP) - Asian stock markets rose today on confidence a German court will back the country's participation in a bailout fund created to prevent the weakest euro economies from going bust.
Expectations that the court will reject the challenge to the German government's approval of the fund, known as the European Stability Mechanism, offset concerns generated by a warning from Moody's Investors Service that it may cut its credit rating for the United States.
The Moody's warning that it may downgrade its triple A score for the U.S. by one notch if progress isn't made next year on reducing the country's debt-to-GDP ratio had been widely-anticipated.
Benchmark crude for October delivery hovered above $97 per barrel. The dollar fell against the euro but rose against the yen.
First Coast News