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Moody's Investors Service on Wednesday said the domestic steel prices are expected to experience limited global pressure over the next 12-18 months due to the government's adequate protectionist measures such as safeguards and anti-dumping duties.

China stocks in Hong Kong fell in line with global markets after Moody's credit rating agency panned Europe's latest effort to address its debt crisis.

LONDON: Slower economic growth, deteriorating export competitiveness and weak liner profitability are narrowing the headroom within the ratings of Chinese port operators, according to Moody's rating agency. "Although manageable capex plans over the next three years will alleviate some of the pressure on their financial profiles, weak liner profitability will limit the port operators' ability to raise handling chargers," Osbert Tang, a Moody's Vice President and Senior Analyst, said. "In addition, export-oriented ports such as Shanghai and Shenzhen will be particularly affected by slowing container throughput amid muted export growth in China," he added.

Resistance to today's rally starts at DJIA 12,100 (S&P 500: 1247). Another decline to DJIA 11,735 (S&P 500: 1210) by Friday possible as market seeks comfort level.

Rumors of a potential buyout of MF Global have sprung up after its stock plunged amid news of a Q2 loss and credit downgrades.

equities.com | Consumer cyclical stocks pared morning gains when it was announced that consumer attitudes have returned to recession-levels amid worries over ongoing unemployment.

Jon Corzine's MF Global reported record losses on Tuesday and saw its stock lose nearly half it's value while stocks across the financial sector showed declines.

The Moody's Investors Service predicted the G20 economic growth at over 3% for this year and the next. It also warned of chall