Today’s Can’t Miss

A material slowdown in Chinese GDP could derail the fragile recovery of the global economy, given the reliance on the major emerging economies to off-set the continuing anaemic performance among the Major Developed Economies (MDEs). US companies in a range of industries exposed to the Chinese market would be impacted, particularly those involved in the heavy manufacturing, (capital goods), technology and proteins sectors. Additionally, US multi-national companies reliant on growth in the Chinese domestic market – including those in the automotive, restaurants, and gaming sectors – would suffer from a slowdown in the Chinese economy.

Global and US GDP growth could fall by up to 0.5% in the event of an economic shock originating in China. More information on this conclusion, together with a detailed analysis of the implications of a China slowdown for the US and the global economy, can be found in a new report published by Fitch titled “The Impact of a China Slowdown on Global Credit Quality”.

Says FITCH for more : Visit www.fitchratings.com

Europe Debt Crisis Will Be 'Slow-Motion Wreck': El-Erian

EU Faces More Bailouts as Irish Contagion Spreads: Euro Credit

Stocks, Euro, Italy Bonds Drop on Contagion Concern; Gold Jumps

Deutsche Bank CEO Says `Mistrust' of Spain, Banks `Unjustified'

Traders Fear Spain May Be 'Lehman'

After Bashing Fed, Will ECB Buy Assets Next?

S&P Puts Portugal on Creditwatch Negative

What’s next? Preferably fast, should the ECB and the EU put up a DSARP fund to clean up the EU banks balance sheets and the ECB expand its own buying sovereign debts?