Global markets slide after Fitch downgrades US debt | CNN Business

Japan’s benchmark Nikkei 225\n \n index had its worst day of the year, ending down 2.3%, while Hong Kong’s Hang Seng\n \n Index closed down 2.5%, after Fitch cut its rating on US debt to AA+ from AAA on Tuesday. Asian markets may “tread cautiously” as investors turn wary of foreign holders selling their US Treasuries, said Stephen Innes, managing partner of SPI Asset Management.

“The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions,” Fitch said in a statement. The rating agency expects America’s general government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Fitch downgrades US debt rating | CNN BusinessJUST IN: Credit rating agency Fitch has downgraded the US rating from its highest AAA rank to AA+
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »

Fitch downgrades US debt on debt ceiling drama and Jan. 6 insurrection | CNN BusinessFitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
Fonte: cnnbrk - 🏆 393. / 55 Consulte Mais informação »

Asian markets tumble after Fitch downgrades US debt | CNN BusinessAsian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest level, citing “a steady deterioration in standards of governance.”
Fonte: cnni - 🏆 326. / 59 Consulte Mais informação »

$25 trillion Treasury market is in the spotlight as U.S. loses its AAA rating for a second timeThe focus in markets on Wednesday will be on demand for U.S. Treasury debt after Fitch followed in the footsteps of S&P Global with a downgrade to the U.S.'s...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »