© Reuters. The US dollar held its ground today, as investors digested Federal Reserve Chair Jerome Powell’s recent comments on the ongoing rate hikes and their impact on the economy. This stability comes against the backdrop of Moody’s (NYSE:) decision to downgrade the US sovereign credit rating, citing political and governance concerns. The market is
Goldman Sachs have downgraded their view on Hong Kong-traded China stocks. cut Hong Kong-listed Chinese companies to market-weight cut Hong Kong firms to underweight remains overweight on Chinese onshore shares Citing low earnings growth and a potential consensus downgrade slowing growth stemming from the housing sector downturn, high debt levels, and adverse demographics GS upgraded
FTSE, DAX and S&P 500 News and Analysis FTSE 100 slips despite UK inflation diminishing DAX 40 remains under pressure S&P 500 drops to new one-month low as Fitch joins Moody’s with warning to banks Written by IG Senior Analyst Axel Rudolph Recommended by IG Get Your Free Equities Forecast FTSE 100 slips despite UK
US Dollar, Dow Jones, Fitch US Credit Ratings Downgrade – Market Update: US Dollar, Dow Jones fall after Fitch lowers US credit rating Fiscal deficits, social security, aging population woes outlined Financial markets turn risk-averse heading to Wednesday trade Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar, Dow Jones, S&P 500
